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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 steve29caon May 12, 2016 8:43pm
155 Views
Post# 24868359

RE:Out of control dilution

RE:Out of control dilutionWould you have rather had news of bankruptcy of maybe loosing a key asset like Aurcana had last Nov? At the time of the financing Morgan was calling for $800 gold. So the FREE GIFT is called a return for taking a risk. Everyone had a chance to buy shares for below the option price. If you're patient youll be able to check off all your boxes, theyll have positive earnings, the new entrance will be completed, San Rafael will be financed and built, and all their facilities will be running at full capacity, but the share price will be much higher too. I suspect that there will be no dilution to get San Rafael up and running, with a higher silver price and stronger earnings we should be able to get a loan or even self finance it.
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