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Bullboard - Stock Discussion Forum 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... see more

TSX:USA - Post Discussion

Americas Gold and Silver Corporation > Risk of resource nationalism
View:
Post by petersburggray on Mar 26, 2021 6:19am

Risk of resource nationalism

in Mexico is not appreciated or discounted by market at this time imo. I agree with ECSINVESTOR that big companies are watching Cosala situation closely and we see by the actions of those companies closest to what is going on (FR, always a pure silver mexico focused miner buying gold mine in nevada for example) that there is an expectation that resource nationalism could tick up in mexico with very negative consequences for mining companies. The higher gold and silver price rise the greater the risks of resource nationalism due to widespread poverty and feelings that mining companies are getting rich on back of poor, taking gold and silver in ground without just compensation to public, gold and silver that belong to people per mexican constitution. Revoking mining concessions and other punative actions against mining companies is a vote getter for AMLO the communist and such actions fit his world view. Like Trump, AMLO also had a presidential election stolen from him through vote fraud so going after his political enemies, the domestic monied mining interests that supported stealing his election win, like those behind Fresnillo for example are no doubt high on AMLO list for settling old scores. On the bright side AMLO policies, echoing those of 1970s Peru, no doubt cause a collapse in mexican gold and silver production meaning LBMA/comex could have much less metal to meet obligations which could help light a fire under silver and gold prices.
Comment by MohamadJ5 on Mar 26, 2021 6:20am
Comment by lastradius on Mar 26, 2021 2:17pm
Always thought jurisdictional risk would be a big, big problem in this bull market, but I saw it as a blow-off phase problem with gold and sillver hitting astronomical levels while economies around the world were getting shredded. I didn't think it would come this early. It sounds like there is no easy solution to our problem. I think sometimes these situations are as much about power as ...more  
Comment by Correctionor on Mar 26, 2021 2:58pm
"Stupidity is being heavily invested in a single, risky junior mining stock in a far, far away place” It's called stealing value. The best thing about it is the risks get capped and the possible profit doesn’t. I now some very very smart people who have just done. And if it works, it really works. And if it doesn’t then your losses are limited.  I bought stock in a "risky ...more  
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