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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 nor_easteron Jul 26, 2012 6:15am
398 Views
Post# 20153542

USA - HL

USA - HL

Does not surprise me that no poison pill is in place.

Never liked US Silver Management and Directors...Shareholders deserved better. Wih their recent  shenanigans (i.e. NYSE listing, share buyback, huge salary increases, Sprott deal, profits, etc...) having to know that all willl be out of a job would be most deserving for them and a sense of personal satisfaction for me.

If you believe US Silver assets are undervalued; maybe buy Hecla after the takeunder?

Investing proceeds into Hecla  at $4.45 (52 week Hi-Lo: 3.70- 8.45) would not be so bad....i.e. low share price, silver play, solid base with long-life, low-cost mines; organic growth opportunities; exploration upside; an excellent cash position with no debt; and has recently introduced new common stock dividends. https://www.hecla-mining.com/company/

I am still hoping for a better deal.

Let us see what the day brings...GLTA

 

 

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