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.

TSX:USA - Post by User

Americas Gold and Silver Corporation

Bullboard Posts

Comment by ganndolphon Apr 30, 2019 11:36pm

74 Views

Post# 29692798

RE:Excellent results from San Rafael, not so much from galena

cyanide5,
With my financial model of USAS, I get a $2.46 million USD loss at Galena, offset by a $6.4 million dollar profit at Cosala. So USAS Q1 profit should be $2.2 million USD. The question is how does the Pershing Gold acquisition impact on G&A costs? So as a result, this quarter is likely to be break even.

The other big question is whether the major shareholders will be content with NO GOLD PRODUCTION for 3 calendar quarters from a company that now bills itself as a PM growth company?

Bullboard Posts

Soma Gold poised to extend profitable track record