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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

Post by jdbuttson Dec 18, 2024 7:17am
119 Views
Post# 36367580

Press Release

Press ReleaseCongrats to USAS on fulfilling Closing conditions related to shareholder approval.  Looking forward to Press Release re Closing the deal.  Glass half empty - not unexpected, but rather significant dilution.  Glass half full - I'd rather own less of a (now) seemingly viable entreprise.  Can't wait to see production numbers adjusted for 100% ownership of Galena.  On the bright side, significant dilution will mean a much lower loss per share going forward :).  When (and if) they turn the corner to profitability (Q2 next year???), we'll have to live with the low profit / share.
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