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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, and is re-evaluating the Relief Canyon mine in Nevada, United States. 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 about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Comment by coach247on Jun 13, 2007 12:10pm
401 Views
Post# 12936457

RE: what''''s going on here?

RE: what''''s going on here?I would say that production in March 2008 is a worst case scenario. They will be commissioning the mine starting in December, and therefore you have development ore running through the mill and some production commencing. As I recall with CS, they got their mill up and running ahead of schedule and with no hiccups, and were able to report strong production and sales numbers just off the start-up. We can also look forward to ongoing exploration success with so many drills continuing to work the property. The weak trading for the sector is giving the short players a bonanza of easy money. It does not take much to lean on a thinly traded stock with a big block on the offer after locking in a short, and push the stock down for any fools that choose to sell in this environment. Easy money... cheers! COACH247 Voluntary disclosure: SPM is a paid sponsor of my website.
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