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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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(19)
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Post by cyanide5on May 05, 2020 5:02pm
349 Views
Post# 30989955

15% mkt stablization??

15% mkt stablization??i havent seen this one before. This means technically they could be issuing 8.9 Million plus 12-13 million shares. 

12-13 million shares is the 15% of outstanding common shares.. 

the total financing could be for around 60 Million CAD. 

i cant wrap my head around this. Furthermore not happy about teh financing but we all knew they needed money... i am surprised it didnt happen earlier.. most likely because of the mkt downturn in Feb/March so they waited for price to recover. 

I wish they had done this in Jan when SP was over 4 bucks! painful... frustrating... as always... 
Bullboard Posts
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