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 bob4977on Sep 08, 2012 10:50am

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Post# 20336914

RE: RE: Just my 2 cents

If you do the math, $5 sounds high but it is not. If you factor in all the consolidations and the merger, $5 works out to about 68c pre consolidation. Those of you who have been around long enough know that USA used to hit that level on a frequent basis. $32.50 was a key support for silver. If we can stay above that USA should stay comfortably profitable at Galena. If Drumlummon is profitable that will help. Also Couer silver will start coming on line in Q4. That should help reduce costs by adding more production to a more or less fixed cost.

I own a lot of this stock and would need about $4 to be back to break even but I am not selling.

Bob

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