Americas Gold and Silver Corporation T.USA

Alternate Symbol(s): USAS

Metals & Mining Industrial Metals & Minerals

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.

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Americas Gold and Silver Corporation

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Comment by AlfTanneron Aug 04, 2017 9:23pm

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Post# 26550287

RE:Stock Market - Mining Stocks

Firecracker, I took a look at Orvana, and it looks like a loser to me. It has been losing money forever. Its El Valle underground mine in Spain has an ALSC of $1759. That is pretty darn high. I am not sure why they even keep that mine open. The Don Marion mine in Bolivia has more promise, but only if they dump the loser in Spain.

I first looked at Orvana in 2010 when the stock was trading at $2.56. When they said they were converting the open pit mine in Spain to underground, I immediatly decided to pass. The costs of an underground mine are usually much higer than expected. I am sure glad I avoided that one.

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