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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 > Cosala - Another new article
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Post by kukaman on Dec 07, 2020 12:44pm

Cosala - Another new article

Maybe we will get a re-start in the not too distant future...

Translated via Google

A call to the President from Cosal
Carlos Pavon
 
The opinions expressed by the columnists are independent and do not necessarily reflect the point of view of 24 HOURS.
 
Kidnapped for practically a year, this is what the San Rafael Cosal mine looks like in Sinaloa. It was on January 26 when a group of miners denounced the irruption by force by supporters of Napolen Gmez Urrutia. In the wild, they say, they came to seize the entrances to the mine and from that day on, any worker has been prevented from entering. This is how this story was born and not how they want the President to believe.
 
A few days ago, at AMLO's morning conference, a reporter used his right to express himself to bring up the subject of the mine. With total ignorance, he assured that it was taken by the workers adhered to the National Union of Mining-Metallurgical and Metal-Mechanic Trade Unions of Mexico, to UNASIM, said that it was a group of power that prevented the restart of operations and which was even made up of legislators and former public officials.
 
He requested the microphone to ask a question, however, he ended up reading practically the script of a poorly told story that was missing the truth at all times. It is worth mentioning that today photos of the same reporter in different assemblies made by those related to Napito, carried out outside the mine facilities in Cosal, circulate on social networks; It is also important to say that this site is only accessible to supporters of Senator de Morena.
 
It is evident that today they are trying to deceive the President with envoys, trying to make him believe a story that he knows well, since the real miners approached him to ask for his help and to denounce the robbery.
It was on February 22 that the President listened to them on his way to Durango and asked them about the ownership of the Collective Labor Agreement, since he assumed that if the strike was started by Napito, then it belonged to him, however, it remained more than evident that it was an invasion, since the CCT was in the hands of another union.
 
In that same meeting, the miners were clear in telling him that there had never been any problems between the company and the union and that the mine should be opened in order not to lose jobs.
 
Today Napito's cynicism reached the President once again, and there are those who say that it was already easy for him to deceive him and see his face, first by hiding that he is Canadian and thus accepting a seat violating the Constitution, then by assuring him that he is a miner when there is no record attesting to this fact. We know that the President will take charge of this case and will not be left with a version that lacks reality.
 
It will investigate why the mine is closed, it will inquire why Napito asked the company for several million dollars to reopen the mine, a request that was denied by the businessmen as it was classified as extortion, it will investigate who are the guardians of the mine and why to say about the miners carry long guns.
 
There is much to say about Cosal, but more to be clarified, for example why the Federal Board of Conciliation and Arbitration in the midst of anomalies and irregularities decided to carry out the recount for the ownership of the CCT, why it validated a list full of infiltrators.
 
Mr. President, we cannot allow Cosal to tell the same story of Cananea, Sombrerete and Taxco, mining communities that were invaded. The closure of a mine at the request, whim or personal benefit, implies loss of jobs, low quality of life of workers, loss of investment, it is a blow to the treasury, because if there is no production there is no payment of taxes, it falls in marginalization and poverty for the locality.

https://www.24-horas.mx/2020/12/07/un-llamado-al-presidente-desde-cosala/
Comment by Blackriver on Dec 07, 2020 5:35pm
Thanks kukaman, lets hope for mid Jan. Probably will take outside armed police to break up the blockade; that appears the locals petition as they are clearly in salary and medical need.  Finally we increased USAS trading volume today, POS and POG up nicely but slight retracement late weakening USAS peak,  $ index slightly up which can't be sustained.  With USAS leading most of ...more  
Comment by petersburggray on Dec 08, 2020 3:19pm
kukaman thanks for sharing this article. Mexico being a lawless place it is very common for armed gangs to take ranches and other property from the rightful mexican owners. Sometimes these violent gangs force the mexican owner to sign over the property but often the just torture and murder everyone who is present at the ranch/property they want to take. These armed gangs then use the property for ...more  
Comment by petersburggray on Dec 09, 2020 6:00pm
Imo another angle of attack USA mgmt could take to resolve Cosala blockade is to get someone with high level contacts to mexican military as a board member. With multiple producing gold mines in mexico Leagold had GEN Wesley Clark on BOD which is why Leagold never had their mines, which are much more profitable than Cosala, messed with. If USA had GEN wesley clark on BOD the general could make one ...more  
Comment by PikangikumKid96 on Dec 09, 2020 7:53pm
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 ...more  
Comment by petersburggray on Dec 10, 2020 5:21am
Probably the ideal candidate for USA board member to guarantee safety at Cosala would be Gen. Salvador Cienfuegos Zepeda, Secretary of National Defense in Mexico from 2012 to 2018. This guy was recently indicated by a Federal grand jury in new York on a host of charges relating to working with the cartels to traffic drugs into the U.S. in exchange for bribes. When GEN Zepeda visited California the ...more  
Comment by jdbutts on Dec 10, 2020 6:08am
Highly unlikely he would pass KYC check required for all Board Members of public companies (and their subs!)
Comment by Stratocheif on Dec 10, 2020 10:12pm
Eric Sprott has an interest in Galena. I think thats as far as his interest goes and besides he has bigger interests in probably 100 other miners so its not a big deal for him. I dont think Sprott or Lassonde have any intention of fighting anyone in Mexico over Cosala as its not big enough of a deal for them. Truth is plain and simple....Mexico is a cesspool of corruption and crime. Always has ...more  
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