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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 17, 2011 9:31am
370 Views
Post# 18728280

Quarter 1 Results

Quarter 1 ResultsI am not sure what to make of the report.  Production was below expectations which led to much higher production costs for the quarter.  Thankfully the price of silver was much higher so the revenue side looked better.  Going forward management states they will reach their year-end production target but right now that is only talk.  They need to show the market they can deliver and that the mine is operating as expected and predicted so I guess we will have to wait for Q2 to determine if some of the production issues have been resolved.

bahamas19
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