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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 Nov 30, 2009 11:04pm
284 Views
Post# 16538604

RE: RE: What Earnings would have been....

RE: RE: What Earnings would have been....P.S. I'm usually not one to pump other stocks, but AUN also looks to have a bright future if silver takes off. It's currently only trading at around .22 due to a PP that just closed today. A few months ago, the CEO bought 1 million shares on the open market at around .185 and other insiders have also been buying recently. They're currently looking for $40 million to finance the construction of their 48 million ounce Shafter silver mine in Texas. According to the Q3 financials just released on Sedar last Friday, they are now profitable at their La Negra mine in Mexico and are in the process of upgrading the mill there from 1,000 TPD to 1,500 TPD. USA and AUN are by far my largest holdings. Cheers, zz
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