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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 May 19, 2014 10:14pm
217 Views
Post# 22576498

RE:RE:Skin in the Game

RE:RE:Skin in the Game"To continue the way we are is  rolling the dice ,hoping for 50/oz silver ,which imo is  a ways away."

Southpen, you keep mentioning $50 silver being necessary to get your investment back, but I think at $30 silver USA would easily be at $2.50 now. With the continued cost-cutting measures and transition to bulk mining, I'm betting that once silver starts heading back upward, it won't be too long before we start moving back up quickly. As far as replacing the board, etc., I don't see that having any chance of happening even if I thought it would be helpful, which I don't. We're both in the same boat, being down substantially in our investment in USA, but it could be worse. I baled out of AUN a year and a half ago at aroun 71 cents befoe they did their 8 for 1 share consolidation. At this point, the share price is down to around 8.5 cents pre-consolidation. Cheers, zz
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