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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 ganndolph1on Apr 28, 2021 11:56pm
261 Views
Post# 33088893

RE:RE:RE:RE:RE:RE:Change in management

RE:RE:RE:RE:RE:RE:Change in managementThales42,

Fortuna Silver offers a clue of what may happen next.  Like Americas Gold and Silver, Fortuna is having its share of start up issues at Lindero.  They have decided to bypass the SART plant because of low copper levels, and the heap leach is still in the ramp up phase.

So what do you do when your low grade heap leach gold mine is underperforming???

The answer is acquire a high grade, producing gold mine to boost your quarterly gold production!

That is exactly what Fortuna did in its proposed acquisition of African gold producer Roxgold for 0.283 shares of Fortuna for each outstanding share of Roxgold plus a paltry $.001 Canadian dollar per Roxgold share in cash.

If the merger gets approved by both companies, the result would be a geographically diversified, derisked gold and silver producer with about 20 percent of revenue coming from silver with 34 % of revenue from Argentina, 26 % of revenue from Mexico, 12% from Peru, and 28 % from Burkina Faso.

In the case of USAS, with RC badly lagging, and Cosala still not in production, I would not be surprised if the next move would be to follow Fortuna's example.
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