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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

Post by zzthnxon May 30, 2009 10:34pm
494 Views
Post# 16030592

Looking good!

Looking good!I did some rough calculations and determined that the average price of silver for Q1 was around $12.60. For Q2, if silver averages $15 from now through the end of June, the average silver price for Q2 will be around $13.90. So, based on production of around 635,000 ounces for the quarter, the net earnings for Q2 should be closed to $2 mil. (not taking into account the rising prices of copper and lead). So, if you figure net earnings of $8 mil. per year divided by around 215 million shares, you get close to 4 cents a share earnings. At a P/E of 10, USA should actually be at around .40 right now. If silver heads up to $18-$20, USA could be back over $1.00, IMO. By George, I think we've got a winner here! Cheers and good luck guys, zz
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