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.

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Americas Gold and Silver Corporation

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Comment by pecorinaon Aug 12, 2011 9:09am

352 Views

Post# 18934692

40M in cash by December 31

firecracker,
typically for metal content awaiting final smelter settlement accounting, the seller
has an elegant way of protecting metal pricing against decline by selling
   forward such volume elsewhere
   here, I would argue, whilst it is comfortable to have a substantial cash position,
   management undoubtedly would do responsible heding and they can deploy
   those substantial cash resources in a more meaningful way

either way a win/win
Ciao
Tina

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