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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 zzthnxon Jun 17, 2009 5:53pm
344 Views
Post# 16079111

RE: RE: RE: RE: back to 50 day moving average?

RE: RE: RE: RE: back to 50 day moving average?Puffertime, I think the catalyst for a higher stock price for USA all revolves around the price of silver. They've gotten their cost per ounce down to around $10.50. Each $1.00 increase in silver, should provide an additional $2.5 mil. in cash flow per year, which I've roughly calculated to equate to about an added .10 in the share price if USA is valued at a P/E of 10. I'm betting that silver's headed higher in the short term. That's why I picked up another 30,000 shares today. Cheers and good luck! zz
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