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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 ganndolphon Dec 29, 2016 9:03am
172 Views
Post# 25649321

RE:RE:RE:RE:RE:RE:Simple comparison

RE:RE:RE:RE:RE:RE:Simple comparisonfirecracker74,

My understanding is that they can only run either a copper ore type or a zinc and lead ore type through the MRP at Cosala, so if they run a blend of El Cajon material and their feed from Nuestra Senora, then they lose the very high recoveries on the El Cajon material.

So my question is why isn't Americas Silver management building a second crusher circuit, mill, and lead zinc flotation circuit for handling San Rafael material?  That way when San Rafael ore is ready to be processed, they could mine both El Cajon and San Rafael in parallel, and maintain high recovery rates on El Cajon feed.  A second MRP operating in parallel would potentially increase total silver equivalent production from 2 to 2.7 million ounces per quarter.

Which brings up another question that I have for management on Galena.  I seem to remember that they have multiple mine shafts at that facility and a second 1000 tpd mill that they are not running.  At what copper and silver price does that second mill become economic?

There is no doubt that USA is now is a much stronger position with respect to M&A. 
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