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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 Jonny2fingerson Jun 18, 2018 1:27pm
104 Views
Post# 28186904

What the What!?!?!?

What the What!?!?!?Moe, Friday's drop was across the board...presumably was due to the massive drop in gold and silver price on Friday (thanks to the Fed announcing their plan to increase the number of rate increases this year). Today's drop, I don't know. Someone forcing the price down on low volume to grab a bunch of shares or someone knows something bad or over reaction to the news about Galena or a general disinterest in precious metal stocks carrying over from Friday - who knows!?! Surely, the near term focus is (or should be) on the progress with San Rafael...Galena is a footnote in the USA story (in the near term). Longer term, obviously, Galena is important too. But, I would think all eyes would be focussed on San Rafael right now (and Zone 120 to a lesser degree). In this respect, it seems that a "forward looking" market is non-existent these days.
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