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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
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Comment by ganndolphon Nov 06, 2019 2:16am
149 Views
Post# 30313870

RE:Comparison exp Q3 to Q2 financials

RE:Comparison exp Q3 to Q2 financialsSXR600,

I don't think that the situation is as dire as the production report indicates. In my USAS financial model for Q3, using Great Panther's reported zinc price of $1.05 USD/lb and 95 cents per pound for lead, and $17.80 USD/oz of silver, I get revenue of $13.4 million USD and a loss of $9.0 million or 10 cents per share.  That is with Galena included in the financials.

If Blasutti goes with plan B and excludes Galena's $3.5 million USD loss from the financial report, then the reported loss will be much smaller.

What amazes me is that the shorts have been afraid to short Americas Gold in spite of its high valuation.  Maybe they are afraid that Blasutti has an ace up his sleeve?
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