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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 ECSINVESTORon Mar 25, 2021 10:09pm
170 Views
Post# 32883953

RE:Sinking Ship.........

RE:Sinking Ship.........Well I think the negativity has now reached a low point so that means its time to BUY!! Really, eveything that could have gone wrong, has gone wrong. BUt, Galena looks like it is on course to make USA (and Sprott) some money. DB did make an effort in Mexico. Looks to me like a lot of blustering on both sides - Mexican politicians know the way the system works. I don't think they are interested in rescinding anything from any mining company in Mexico. Rest assured the really big companies are watching this situation closely. Any wrong moves by the government could be very costly in terms of Mining companies pouring truck loads of cash into the country.

Relief Canyon looks to me, like a bunch of guys who have never run a gold mine before, trying to start up and run a gold mine... The mining techniques used here are not the same as Galena and San Rafael so there was bound to be a few hiccups. Its just that they have an extended case of the hiccups. Will it cost Blassuti his job? Maybe... You can only use excuses for so long. But that will be the decision of the heavy hitters (Sprott, Lassonde, etc) who own a large chunk of shares. We are just the little chihuahuas yapping and being a pain in the rear to nobody but ourselves on these boards.

Remember to do your due dilligence! GLTA
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