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 ganndolphon Aug 10, 2017 12:21am

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Post# 26564468

RE:Q2 earnings at $.02

AlfTanner,

2 cents per share divided by 12 is a zero result in my book. Manipulating the denominator to increase the numerator is not a great accomplishment.

So what are the risks facing investors in this stock?

Galena going out on strike?
Will San Rafael really start on time? Where are the details about the process equipment changes, or is management blowing smoke?
Why is the throughput stuck at 1400 tpd? Where is the growth in production?
Should I be impressed by a $10 million dollar negative cash flow per quarter?
When the flash flotation cell was installed, it took two quarters to iron out process problems arising from the installation of this piece of equipment. Now that half the staff has been laid off, will things be any different this time?
If there is a train wreck in Q4 at Cosala, what will be the CEO's next move?

I have scaled back into this stock with a small position, but I fully expect that there will be a buying opportunity in the near future.