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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 Thales42on Dec 05, 2020 4:35pm
281 Views
Post# 32044613

RE:Most are down.

RE:Most are down.Hang in there Stratocheif as not is all doom and gloom in the world of junior minors.  In the case of USAS a lot of smart money is invested in the company, not just Sprott.  USAS does not have the best team to make it a star performer, but starting Relief Canyon operation as well as Cosala should end the multi-year loosing cycle.
 
Although gold could tank to $1600 in a short run, the world is awashed with debt and the virus did not help. The global insecurity is on the rise and central governments have no choice but to demonetize  and pump up the economy by printing money.  In this race to the bottom scenario when each and every government is doing the same thing there are no winners.  In this environment I think PMs should hold their value. JMHO



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