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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 MEiffyon Dec 21, 2010 10:35am
221 Views
Post# 17875565

RE: RE: RE: Hey Lakeside and followers.....

RE: RE: RE: Hey Lakeside and followers.....

Lakeside

I see this as an buying opportunity.

The tragedy at the mine as I am sure we all agree is horrible. I feel for the families loss and the his fellow workers having to work where the accident happened.

The family certainly needs to be adequately compensated for something as irreplaceable as loosing a loved one.

The question for the stock is what does that look like? Will there be a fine how much? For us, the question is what is the risk to the company and the stock price. Surely, management have done what can be done to ensure the miners safety.

 

I would expect that the company would have some insurance coverage too.

 

Perhaps the place to go for answers is to the company itself. Assuming the best……….



Once again the fundamentals are in place. The trend for silver is up. Bumps in the road, for sure, going over 80 cents, for sure. All comes down to time.

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