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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 petersburggrayon Jul 31, 2021 5:55pm
161 Views
Post# 33637494

RE:RE:RE:RE:RE:RE:Blasutti folds.

RE:RE:RE:RE:RE:RE:Blasutti folds.Your numbers MinerNorth appear most excellent on paper but if USA can't extract gold from relief canyon ore economically than what is your point? Gold in ground has zero value if extraction cost prohibitive. How USA going to get Relief Canyon gold without permitting and building CIL plant? Otherwise most of Relief canyon gold deposit can be written off, impacting USA balance sheet negatively for years to come and only a benefit of well managed acquirer of USA that can use a write off to shield earned profits from taxman. Perhaps gold price move up and bail blasutti out, which I would love to see since I am long here in shares held in paper certificate. Please name one acquisition that Blasutti made over last 10 years that has been accretive to shareholders? I hear crickets. Every m&a deal Blasutti has done has crashed and burned. The sooner Blasutti clown exits the stage, the sooner and richer shareholders of USA will be.
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