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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

Post by miketrikeon Jan 15, 2016 8:35pm
215 Views
Post# 24464151

what is happening

what is happening
11 million shares became free trading on Dec 28 and are being liquidated. Shorts knew this and started shorting aggressively between dec 15 and dec 31.Commodities are crashing, markets are crashing, fear everywhere, no bids. SIL at all time lows, AG stuck in the mud. Nothing but bad news.

I have been buying. Look at Excellon's press release today. Electricity costs are down more than 50%, Peso has crashed vs USD. Cosala operations are most likely profitable right now.

US operations should be close to break even with lower oil prices and  lead prices being fairly steady. Shifting to Lead/silver was a great move and should pay off for them.

This is a very useless Bullboard, except for petersburggray who rarely posts. I have most of this board on ignore since whining, gloating and bashing don't help anyone.

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