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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 3:24pm
236 Views
Post# 21185847

RE: RE: RE: Test mining Caladay

RE: RE: RE: Test mining Caladay

You seem to have a lot of knowledge petersburggray. I respect that. And Sany needs to listen to the conference call. It was mentioned that they would keep running Drumlummon as long as it was cash flow positive. When you also write down the value by 2/3, that tells me management considers Drumlummon as of little value. You can kid yourself any which way you want about that but that is what I see. So far, for the 30% dilution the merger gave USA shareholders, all I see is we got this new management team. And they talk a great game.They have great plans. It is too early to judge them by their actions on the USA property but by their actions at Drumlummon they are not worth it. I would have never taken Hecla shares. I would have sold out and invested my money elsewhere or just stayed in cash and have twice as much value as I do now.

Bob

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