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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States of America, and is re-evaluating the Relief Canyon mine in Nevada, United States of America. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala operations are located in the state of Sinaloa, Mexico and consist of 67 mining concessions that cover approximately 19,385 hectares. The Cosala operations are located in the east-central portion of the state of Sinaloa, Mexico, near the town of Cosala. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility.


TSX:USA - Post by User

Comment by PikangikumKid96on Dec 09, 2020 7:53pm
183 Views
Post# 32073689

RE:RE:RE:Cosala - Another new article

RE:RE:RE:Cosala - Another new article

I have always wondered if there was an opportunity to have Eric Sprott or Pierre Lassonde take a position on the board due to their unique investment in the company ie: Eric's joint venture in the Galena mine.

That is an interesting idea of having somebody with influence and connections to military power that would deter the cartel from extorting mining companies.

i spoke to IR a few weeks ago and they told me that the Mexican Navy - who apparently is paid or subsidized by the US government - is currently in Sinaloa.  The last thing the cartel wants is their presence in the area impacting on their other business dealings.

I know that Peter McRae - legal counsel - and Mr. Riveria one of the directors who is Mexican have been working hard to resolve the issues in Cosala and get the mine restarted.  Hopefully things will be up and running soon.  

I like others on this board found it insulting that Darren would actually provide a time frame of early January for the restart of the operations.  I believe Darren has a great deal of passion and wants great success for the company but he needs to start under promising and over delivering in the future.  Hopefully 2021 will be the start of great things for the company and their shareholders!

PikKid

 

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