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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 Aug 17, 2018 1:15pm
183 Views
Post# 28478709

RE:At current metals prices, this company is not profitable

RE:At current metals prices, this company is not profitableAlfTanner,

IMHO, your overhead cost estimate is too high.  The exploration spend happened in Q1 for the most part, and care and maintenance was a one time expense for the month that Galena was down.  So I get total quarterly overhead of $4.2 million USD.

At the metal prices that you quoted, Americas Silver will generate revenue of $19.9 million USD in Q3 2018, and I see an after tax profit of $3 million USD or 7.2 cents per share.

You have to factor in the production ramp to 1650 tpd for Q3 in Mexico, and I figure that they mined a month's worth of ore and stored it underground at Galena, and that additional ore will be processed in the next 2 quarters. My estimate is 522 tpd at Galena for Q3 2018.  


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