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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 strannickon Apr 15, 2013 1:05pm
163 Views
Post# 21255438

Suspended silver, brave new world.

Suspended silver, brave new world.

Perucanuck. I agree. In addition, more companies need to start selling larger and larger percentages of their production as rounds. First Majestic has been doing this for years, and sells about 15% of its significant production, to the public, in 1, 5, 10 rounds and kg bars. This has the effect of availing of the higher price premium selling to the physical market, while at the same time depriving the corrupt paper manipulators of product.

Listening to Mcquire on KWN was sobering. He talks of how these paper smashes are used by bullion banks to bully producers to sell product forward at these sh++ty prices, which then allows the same bullion banks to leverage their derivatives on these forward sales.

I would love to see someone like Sprott start a Sushine Mint competitor where silver producers minted their products in a uniform coin size with their specific logos, as a standard product. This would allow the physical-starved, premium-hobbled physical market to bypass the bullion bank parasites with their corrupt unbacked derivates. As more states and citizens move towards gold and silver, this type of endevour could serve to create a vibrant, dynamnic currency to fund and economy unencumbered by corrupt banks

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