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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Metals & Mining Industrial Metals & Minerals
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

Americas Gold and Silver Corporation
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Post by nor_easteron Aug 10, 2011 8:12pm
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Post# 18928885

Comments From Next Door

Comments From Next Door
Hecla Mining CEO Phil Baker Tuesday predicted the higher the gold price goes, the more small investor interest in silver will increase.
"Basically it says at $1700 gold, who can really afford an ounce of gold among the small investors?" Baker observed during a conference call with analysts.
"Basically gold is a wholesale institutional and central bank sort of investment, silver is a retail investment," he suggested. "So, if you're convinced that gold will continue to have strength, then we believe silver will follow."
"And if you think that inventorial metals have hit a rough spot and will strengthen, then silver will be supported by that as well," he added. "However, I think in the short term, short run as it's been for the past two years, prices set by investment demand with the supportive inventorial demand. "
"The bottom line is that I expect the silver price to rise even more dramatically than gold in the short term," Baker concluded.
Link:https://www.mineweb.co.za/mineweb/view/mineweb/en/page32?oid=133178&sn=Detail&pid=102055
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