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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 lastradiuson Mar 23, 2021 1:41pm
134 Views
Post# 32859039

RE:Cosala - new articles in Mexican media

RE:Cosala - new articles in Mexican media

Ran  t'hose articles through a translation app and this is my take on the situation. Note, this is not a sophisticated take on the Cosala debacle. It's just a first glance gut-level response to USA's problem down south. I welcome any constructive criticism. 

  1. Will we ever get back to business as usual in Cosala? Maybe, but I doubt it. We might win this dispute but were operating in a bad place with a lot of bad hombres running around and maybe were yanking on the chain of the wrong people. Going forward we will need a lot more security at the mine and that won't guarantee anything. If silver ever gets to $100 an ounce these problems will magnify.
  2. We've been looted, so it will take a significant amount of money (more dilution?) to get Cosala up and running. Whatever D.B. says about how much ($) or how long it will take, I'd double it - what makes you think he will  be able to deliver on these promises! Note, stateside we had a problem with a single piece of  equipment (a stacker) and we went on tilt for months. Consider that when thinking about getting Cosala back on stream. 
  3. In the 21 months I've owned this stock, D.B. has been an unmitigated disaster to the value of our stock, so much so I can't watch him on youtube without getting a gag-reflex, but due to the complicated nature of the Cosala situation, were being 'shook-down', I'd go easy on hm with this one.
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