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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 Mar 29, 2013 8:59am
266 Views
Post# 21184931

RE: Test mining Caladay

RE: Test mining Caladay

That is all very nice Petersburggray and Strannick. Darren says we are going to have a rosy future. But Darren also said that Drumlummon is this great mine that is going to make even more money once we combine the synergies with USA. Now he is writing off $14 million for it more or less telling us that this property is not worth much right now. So I guess the upshot of this whole merger is that we gave away 30% of USA to get a worthless mine and Darren's management team. This writedown on Drumlummon is and indictment of the management team. I am left wishing that I would have sold much more of my shares to the Hecla offer. I got cash for that which I invested in a profitable mining company.

Bob

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