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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Metals & Mining Industrial Metals & Minerals
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

Americas Gold and Silver Corporation
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Comment by bob4977on Feb 14, 2014 6:16pm
191 Views
Post# 22212657

RE:RE:Any pending news?

RE:RE:Any pending news?
Hi CrisPBacon, There may not be any specific news to USA. My bet is that this is all related to the price of silver. It was up $1 today which is a big jump compared to gold. USA is a marginal producer and they are real close to their break even point so the $1 makes a huge difference. Some technical analysts discounted the recent rise in gold because there wasn't enough of a rise in silver to confirm the move. Today helped confirm the move. My guess is that some technical analysts are expecting a rise in silver and are therefore buying marginal producers as they are most leveraged to the price of silver. The good news is that our stock went up a lot today and that is good news no matter how you slice it. Bob
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