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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 RocksandStuffon Jun 04, 2021 5:06pm
301 Views
Post# 33334551

RE:RE:RE:RE:RE:RE:Throw Away Line

RE:RE:RE:RE:RE:RE:Throw Away LineYeah based on the quarterly production vs expected it looks like slightly more than 80% of the gold was preg robbed. Once you put preg robbing material on a leach pad the entire pad is no longer usable. Unless you just managed to put the carbonaceous material on a small portion of the pad and not over an entire level. They'll probably have to start a new leach pad or isolate the carbonaceous material on the current one and engineer around it. The reason they were crushing is because the gold recovery % is better with crushing. My guess is they are going to run of mine purely to conserve cash as they try to figure this out as it's the cheapest way to mine. There's a chance the mine will never be economic now though, depending on how widespread the carbonaceous material is through the deposit. 
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