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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 Sep 19, 2017 10:53pm
191 Views
Post# 26717541

RE:RE:RE:RE:RE:RE:CEO responded to my email last night

RE:RE:RE:RE:RE:RE:CEO responded to my email last nightpetersburggray,

So let's review the situation. An ETF decides to sell its entire position in USAS, just one day after an 8.1 magnitude earthquake hits Mexico?  Maybe they know something that we don't know yet?
And tonight, we get another 7.1 magnitude earthquake with severe damage in Mexico City and over 100 lives lost and several dozen building collapses in Mexico City.  But not to worry, right?  Because Sinaloa is hundreds of miles away from the epicenter of this disaster?

What if there are widespread power outages, or if Mexico's government puts an emergency tax on silver mines?  No impacts, right?  Maybe the guys that run this ETF had some very good reasons to sell?


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