Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 ganndolphon Dec 19, 2016 3:31pm
293 Views
Post# 25620948

RE:RE:RE:Reverse Split

RE:RE:RE:Reverse Split

Moemoney42,
 I don't think there is any skulduggery going on, and Americas Silver is underpriced by the market because it has a history of being a high priced silver producer, and it takes time to turn that perception around.  The same is true about Orvana Minerals which trades around $1000 USD in market cap per ounce of quarterly gold production.  Americas Silver trades about 5 times that valuation.  

Americas Silver has survived this down turn in the metals market with two strategies: cost cutting and merger and acquisition.  Back in 2014, when the company merged with Scorpio Mining to become the new Scorpio Mining,  USGIF stockholders received 1.68 shares of Scorpio Mining (SMNPF) for each share of USGIF that they held, and Scorpio Mining shareholders kept their shares, with the combined stock float increasing.  

Prior to the merger USGIF was trading at $2530 USD per ounce of gold equivalent production and was ranked #34, while after the merger the valuation of the combined company rose to $4200 USD per ounce of gold equivalent production in spite of the fact that the combined entity produced almost 18,000 gold equivalent ounces.  So that was a successful merger, and I owned both stocks at the time, so I am familiar with the history.  After the merger, one of the redundent set of corporate overhead was eliminated and Americas Silver management made some very dramatic cuts in the cost of production.

Given that M&A history, the thought has crossed my mind that Darren Blasutti and his management team may be getting ready to do it again.

Bullboard Posts