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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

Post by OriginalFredon Feb 10, 2018 11:07pm
166 Views
Post# 27540182

The problem with this company is the lead

The problem with this company is the leadThe problem with this company is the lead.  Not the lead that they mine, but the lead weight called Ganela.  It is a worthless money pit.  They should shut it down and put it on care and maintenance until silver gets above $20.

San Rafael, on the other hand, has potential if they can ever actually get it running correctly.  So far it has been a failure with both Q3 and Q4 both showing dismal numbers.  There are already signs that Q1 is not going to be much better.  Can they get their act together in Q2?  Management is good at making promises, but they often do not deliver.

And here is an idea for transparency.  Instead of using "silver equivalent ounces", why not just tell investors how much of each metal the company mines or plans to mine?  It reminds me of the movie Three Amigos where they ask the bartender what is tequila and he says, "it's like beer."  So what is zinc?  It's like silver.  NO ITS NOT.

I guess they think they are fooling investors into thinking they are mining more silver than they actually are.  In reality, all they are doing is confusing investors and making them think twice about investing.  Just tell me how much of each metal you are going to mine and the total cost of mining those metals.  I can then figure out profit scenarios based on various metals prices.  Other metals are not equivalent to silver because they vary in price independent from silver.
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