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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 petersburggrayon Mar 18, 2021 1:09pm
192 Views
Post# 32826815

RE:RE:Cosala - two recent new articles

RE:RE:Cosala - two recent new articlesUnless Darren get some humility and shut his mouth USA is going to lose Cosala concession. Per mexican constitution the minerals in the ground belong to people of mexico so AMLO well within legal rights to support revoking concession and award it to company that will respect Mexico labor laws. Darren appear to be too personally invested in this fight and his emotions are clouding his judgement. Darren need to be relieved of command and replaced with someone who can negotiate with mecicans who has a clean slate. USA need a native spanish speaker in charge or perhaps sell company to Fortuna which has spanish speaking mgmt . imo AMLO want to make example of USA to scare other foreign miners into submission. In article amlo mention USA and FR in same breath as bad actors from canada. No coincidence FR, like USA, bought gold mine in nevada to reduce political risk. Mexico aside from being in the middle of a hot civil war, has extreme political risk for foreign mining firms, risk not discounted or appreciated by market imo. Look at MUX ElGallo mine also in Sinaloa like cosala. ElGallo also being blockaded and from reports i have read demands are similar to demands put on USA by those mexicans blockading cosala.
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