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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 PAiron Oct 24, 2012 1:13pm
202 Views
Post# 20518884

RE: SPM up 9% right today, what's up?

RE: SPM up 9% right today, what's up?

Very nice move. Seems to be no news out. Big volume came between 11:30 - 12  then eased off and has just picked up again. If it keeps up it will also be a good volume day.

 

Perhaps some good drill holes ?? Or an indication that the Nuestra report due out this Q won't be too damaging ??? Not sure what the short position was, but some certainly had to cover once the move got going.

 

Since the beginning of Oct we've been bound by the 50 & 200 DMA (currently at 95 & 1.17). Let's see if the 200DMA holds or gives way. At 17% gains it will probably hold.  All this on a negative day in PMs.

Top performer on the Silver board today. 

jmho
P-Air

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