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 Oct 06, 2017 12:16pm

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Post# 26786228

RE:RE:Headed to support at CA$4.20, US$3.40

I think the correction I predicted is now over. It did not go all the way down to my price target because the price of zinc remained strong.

At the current price, the stock is a decent value, but not a great value. It is going to be 6 long months before improved earnings are released. Who knows what the price of zinc or silver might do during that time?

Zinc spiked up to $2 in 2007. Then it quickly dropped to $.50 by 2009. Zinc will not stay above $1.50 forever. This price will make many zinc deposits economic to mine.

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