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.