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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 peruchocanuckon Apr 25, 2013 1:15pm
167 Views
Post# 21301011

Sprott is the main guilty here

Sprott is the main guilty here

At one moment he finds out that Drumlummon is a lemon and RXE is risking going the way of the DODO bird, something Sprott can't afford (bid damage to the rest of his investments and funds, in terms of credibility), so he speaks with Brasutti and Pridham and decide to merge both companies to take advantage of USA's cash and,  as we all know now, Galena will be the big prize here will be able to subsidize the lummon....the plan didnt work that well because they were expecting that, at the moment of closing the lummon, silver prices would be higher so people would be more focus on Galena....

BTW closing the lemmon now may push for the permit, since Helena will become a ghost town after all those "80k a year" employees are shown the door at the lummon, and at one point the will be begging us to reopen the mine, check this news: https://billingsgazette.com/news/state-and-regional/montana/drumlummon-mine-to-cease-operations-at-marysville-gold-mine/article_d73caa91-5605-5d9f-8ce2-7eb958afdd87.html

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