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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 bahamas19on Jun 06, 2011 2:00pm
403 Views
Post# 18676561

US Silver - Poor Management

US Silver - Poor ManagementI agree with you on management's poor response to shareholders in the past. The question is whether the company is taking immediate, appropriate action? The hiring of a mine manager and outside help for the CEO is appropriate. The RS and AMEX listing if it is coming is also appropriate. The firing of the auditor, if they have been holding up the audit is appropriate. More needs to be done

Hi Firecracker.  I think the company is moving in the right direction by hiring professionals (as per your comments above) in certain areas to carry US Silver to the next level and beyond.  However I do believe the other changes required to truly move this company is to replace the current CEO and the Chairman of the Board.  Ma and Pa Kettle can't run this company in this day and age.

bahamas19
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