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

Bullboard Posts

Post by peruchocanuckon Jul 12, 2012 12:57pm

447 Views

Post# 20107319

Interesting comments from another board

Less than 4 weeks to the big day. Proxies being mailed out and no real information disseminated.

https://tmx.quotemedia.com/article.php?ne...

Both USA/USSIF and RXE/RXEXF shareholders should demand Q2 earnings be released before the 7th.

I indicated my researched showed it appeared RX Gold was just working old tailings piles and warehoused concentrate to make one quarter look good knowing people would multiply it by 4 as yearly "production". The 43-101 states they have yet to find any commercially viable deposits on any of their controlled lands. This was from someone who followed them a lot longer than myself and is very telling:

https://investorshub.advfn.com/boards/rea...

Seriously folks... if you believe me or hate me, it doesn't matter. You need to see what is really happening over at RX Gold. The first thing new management did after their hostile takeover was give themselves $2M in stock before they even did anything. We thought it was bad when USSIF management gave themselves $696K of stock for their horrible performance.

While I have been bearish on USSIF, it was only for the short-term. They have potential. I was correct on the near-term challenges and direction of price. They have enough cash to ride out this price decline while improving infrastructure and production enhancements for the future. NOT if they have RX Gold bleeding them dry. I honestly believe Sprott wants this to go through knowing they will need more cash next year. He wants to provide it for more shares and sweetly-priced warrants. It is the warrants where he made out like a bandit... don't worry about his "loss" on the shares.

If you only verify 2 things...

1) RX Gold's so-called "production" came from working old tailings piles and storing concentrate to make one quarter look good.

2) Their NI 43-101 states they have ZERO commercially viable deposits found on ANY land or claims they own or control.

USSIF will eventually be okay independently with a strong CEO. Even better with some diversification if the right candidate comes along. In my humble opinion... RX Gold is not that right candidate.