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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 martinboyon May 20, 2016 2:18pm
188 Views
Post# 24893274

RE:RE:RE:529M shares outstanding/Reverse split?

RE:RE:RE:529M shares outstanding/Reverse split?There are many other companies with substantially MORE shares outstanding, yet a much higher market cap (300+ mill) with tiny revenues like e.g. Goldroad having 700 MM market cap:
https://finance.yahoo.com/q/ks?s=GOR.AX+Key+Statistics

If a company is leveraged such favorable like USA, even a bigger number of shares might not be a show stopper to climb even higher.
Also Sprott would not have invested into it either, if they would not see a promising and solid potential     with the new management in such a short time.
All other issues with a new mine entry etc. are just temporary problems, which will be solved (easily), even if takes a bit longer than expected.
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