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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 lastradiuson Mar 23, 2020 5:17pm
295 Views
Post# 30839353

LIQUIDITY

LIQUIDITY

Mining is a capital intensive business and for some juniors, because of the liquidity crisis, this will present big problems going forward. How is Americas Gold and Silver situated to weather the storm? On the positive side,  we recently negotiated a credit agreement and we have attracted the interest of several well-healed investors. Do we have enough operating  capital? What options, if needed, could be used to raise capital without diluting the company too much? Today's gold markets provided a real breath of fresh air today and I'm pretty certain we are going to get our bull market. Just have to be on the right horse so to speak. I'm not an expert on mining stocks and balance sheets and just trying to grasp the big issues and in this environment it seems like an important issue. Thanks in advance.

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