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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 AlfTanneron Oct 05, 2017 11:01pm
195 Views
Post# 26784122

RE:RE:RE:Transitional

RE:RE:RE:TransitionalSandy, if you are only worried about the "future value of this company" then consider this.  Zinc is not going to stay at $1.50 forever.  At this price, new mines are going to come on line very quickly.  There is a LOT of economic zinc out there at this price.  Americas Silver needs to make as much money off their zinc as quickly as they can.  The problem is that they are not producing much zinc right now.  They have to get the new mine up and running.  Real production growth is not coming until 2018.

That means you are going to sit around for 6 long months waiting for Q1 earnings to come out before you get a decent earnings report.  When that finally happens, the price of zinc might already be on the down slope.

But why should you listen to the only person on this board who predicted Q2 earnings accurately and also predicted the recent stock price decline?

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