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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 zzthnxon Jun 02, 2013 12:42am
168 Views
Post# 21472503

RE: RE: RE: RE: Where's Blendomatic?

RE: RE: RE: RE: Where's Blendomatic?

James, I have to admit, you make all good points. I think for me, the only thing that makes this whole thing more bearable is that I sold the majority of my pre-RXE merger shares at close to the Hecla offer of $1.80. But then, I bought back in and now my avg. cost on close to 98k shares is around $1.92, so I'm down big time on this investment. The thing is, we can't go back in time and un-do what has already been done. USA now has a market cap of only around $45 mil. I'm currently debating whether I should buy another 4,000 shares on Monday morning. I think the main driver for USA from here is simply the silver price. I'm still not convinced that we've reached the bottom yet in silver. Hmmm, more analysis to do before I spend more of my money on PM stocks...

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