Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum 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... see more

TSX:USA - Post Discussion

Americas Gold and Silver Corporation > Email from Investor Relations
View:
Post by PikangikumKid96 on Jul 08, 2020 5:39pm

Email from Investor Relations

I fired off an email to Darren and IR, specifically Jack Perkins today and received the response that I posted below.  I asked the following question which can be found below in red text.  Sorry about the formatting issues.

Will any positive news releases be forthcoming regarding the developments/progress of your mines (Cosala, Relief Canyon and Galena) within the next week or so?
 

Good to hear from you.  Although I cannot disclose when our next press release will be, I can say that we are moving forward with positive developments at all three of our assets.  

At Cosal, the Mexican government has lifted suspension of mining activities due to Covid.  As you know, the mine has not been producing due to an illegal blockade.  While the Mexican government has been shut down due to Covid, they are re-opening in the third quarter.  This should allow us to takes the steps necessary to allow a legal and legitimate legal representative for the workers at Cosal to be put in place, which would give us the ability to resume production the second half of 2020. This illegal blockade has been very frustrating, but it is important to note that production from Cosal only accounts for approximately 10% of our 2021 gold equivalent ounce production. This, while not insignificant, is only a small portion of our production profile.  Additionally, silver prices were significantly depressed earlier this year, with over 1 million silver ounces expected in 2021 and the potential to increase production to over 2.5 million ounces in 2020, the short term shut down of Cosal may actually result in a benefit to the company as silver prices continue to appreciate. 

Galena is seeing significant progress with the the recapitalization plan proceeding better than expected.  Equipment has arrived on site and additional equipment will continue to mobilize in the coming months. The Silver Valley has had significant discoveries at depth and the Galena complex is one of the shallowest operations in the area.  Previous development had been stopped as the result of a lack of capital, which has now been remedied through the Sprott joint venture.  Ongoing repair through the recapitalization plan will allow the Company to establish additional, deeper diamond drill stations, and we plan to continue pursuing the encouraging recent drilling with further exploration at depth.  

At Relief Canyon we continue to ramp-up to commercial production, expected this quarter. We have mined 7.5 million tonnes of material, including 1.2 million tonnes of ore, to date.  We have 0.1 millions of ore stockpiled ahead of the crusher, waiting to be placed on the leach pad, with ~1.1 million tones of ore stacked on the leach pad.  With an AISC of ~$800/oz, an average annual production estimate of $90,000 oz, and gold prices hitting near decade highs, we are very encouraged that Relief Canyon can be an extremely profitable project for the company and our shareholders. 

If you have any further questions, please let me know.  

Best regards,

Jack 

Comment by cosmicac on Jul 09, 2020 2:17am
lucky to get that much news and detail....  I was expecting a terse, "the 2nd Q numbers will be out in a few days."  "Things are progressing and complete details will be in the MD&A... " SO things are positive.... wonderful.....
Comment by Oilminerdeluxe on Jul 09, 2020 3:54am
Forgive me, but at what silver price will USA start to gain real momentum? Closining in at $19 right now. Happy to read that update. Thanks.
Comment by kukaman on Jul 09, 2020 6:44am
Well, except for ounces in the ground there is currently not much leverage to the silver price as USAS is only producing minor amounts of silver. Worst case scenario for USAS shareholders would be a sudden sharp rise of the silver price maybe to $30 and then drop back down again in the following months. In this case Blasutti can leave the silver in the ground for the next silver bull run. USAS is ...more  
Comment by michaelstl on Jul 09, 2020 7:12am
I think that your view will change as the Gold/Silver ratio gets smaller and smaller. 
Comment by Diamondindaruff on Jul 09, 2020 9:11am
If you have 80 million ounces in the ground and silver goes up 10$ , thats alot of dollars... Even if you only give the market cap a slight premium say 5$ an ounce , that's still 400 million $ and is more then our current market cap. We re profitable at 22$ silver I believe. Capacity to increase silver production to 4.5 million ounces by next year. But that's the gravy train. The gold ...more  
Comment by Oilminerdeluxe on Jul 09, 2020 9:55am
Ok, thanks.
Comment by cyanide5 on Jul 09, 2020 1:55pm
what they have shared in email can be found on their latest presentation. Unfortunately, no updates really and thus the reason why i dont email or call IR because they will never disclose whats not already public knowledge. specific udpates are for savvy investors like Sprott, Lassonde and big instiutional investors not retail investors such as us.  Performing poorly again while we still ...more  
Comment by kukaman on Jul 09, 2020 3:16pm
Well, to be honest I read something out of the email from Jack Perkins that is not realy included in the presentation. When I initially read his comments I thought there is no clear timetable for Cosala to reopen. It could be next year, nobody knows. That is not surprising as the issue has already been to the President of Mexico 3 months ago. So who is next to contact, the drug lord of that area ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities