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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

Comment by bob4977on Aug 15, 2012 8:45pm
223 Views
Post# 20222868

RE: Conversion Q

RE: Conversion Q

HelloTed,

I sold about 5% of my stake at around $1.80 and am wishing I had sold a lot more. When USA said they had 1.2 million oz produced in H1 of 2012 I took that to mean they had a good quarter. I found out later I got hoodwinked by management. They had a bad quarter. They promise that the rest of the year will be much better. If that is truly the case, then this company will make money for the rest of the year and our share price will go up in price. If the precious metals prices go up much also then the Hecla bid will look like a stink bid they almost got away with. I do not think you are really missing anything.

We just have to hope that management can actually dig silver out of the ground at a profit real soon or else we will continue to lose money.

Bob

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