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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 jdbuttson Mar 26, 2024 9:29am
123 Views
Post# 35952657

RE:RE:Americas Gold and Silver Corporation Drills Bonanza Grade

RE:RE:Americas Gold and Silver Corporation Drills Bonanza GradePure speculation on my part, but I think there is some back room arm twisting going on with the Accountants.  Clearly, the Mexican minerals backed financing they said was in final stages late last year fell through, so they probably have a severe cash crunch. My guess is that they were faced with a "going concern" qualification in the FS, unless they could show immediate access to funds via a post balance sheet date event. Otherwise, why would they agree to an equity financing at such a low share price, particularly if they had an inkling re latest drill results?   Will be interesting to see if this issue is mentioned in FS, perhaps by way of Notes.

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