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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 cyanide5on Jul 19, 2019 4:18pm
116 Views
Post# 29941467

RE:RE:RE:Share count now at 85,423,055?

RE:RE:RE:Share count now at 85,423,055?

AND GUYS you keep forgetting.. there is good financings and then there is bad dilution....

This is good.. you have brought in good money here. Eric sprott will not be selling his shares for 10-20% gain. he is looking out longer term as he sees the potential in these assets with such low costs and high margins once the gold/silver prices really ramp up. 
 

At 1420+ gold the margin at relief canyon is over $500 an ounce.. that is 11.25 Mill for 20K ounces per quarter... hopefully silver continues to go higher .. san rafael is already a cash cow but galena is where money is being lost.. need consistently higher than 17+ silver to be profitable with current mines ..

but relief will be a big cash cow for USA starting Q1 2020.. 

furthermore, now we have Zone 120 and San Felipe as development projects... the 10 million raise has not been for NOTHING. it adds immediate value with a project from an excellent investor in mining industry... BIG difference to doing a PP with warrants....

hopefully this makes sense and firecracker gets it now... 

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