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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Post by peruchocanuckon Nov 26, 2012 2:43pm

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Post# 20644978

From GeckoResearch weekly report

Gold & Silver
The metals we focus on ended the week on a strong note with gold closing at $1,751.90, a gain of $38.20 or 2%. Silver came in at $34.13 which equaled a gain of 5%, or $1.82. This brought down the gold to silver ratio to 51.3.

We are convinced that the gold-to-silver ratio will come down significantly in the coming years, something we started focusing on about a year ago. Stock picking is essential in order to make money in these difficult markets and Aurcana and U.S. Silver are perfect examples of that. One of which has been a huge success for us so far (AUN) while the other holding needs more patience (USA).