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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 May 26, 2020 12:05pm
240 Views
Post# 31073379

A Correction?

A Correction?If feels like we are going to get a correction in the gold market.  We are entering a period of seasonal weakness, gold hasn't been able to find a foothold in the 1800s, and the pm indexes have come a long way. We could see a period of summer duldrums with the GDX retesting its breakout at aroun 31. The SP500 is nearing its record highs, not good for gold right now, and it wasn't to long ago I would have laughed in your face if you told me that would happen, but this isn't so much about value as it is about liquidity. Regrets that I didn't lighten up on USA in the big move upwards, on no company news, last week. We are invested in a company that is losing money and if pm stocks drift lower ... Frustrating as I bought into this stock when gold was trading in the mid 1400s and I'm way underwater. Still could be a chance to pick up more stock on weakness, opportunity, if this stock drifts appreciably lower. Then again we might get some positive company news or something might go clang on the macro stage. This isn't trading advice as I'm just thinking out loud and wondering ...
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