Americas Gold and Silver Corporation T.USA

April 2021 presentation

[kukaman]

“The ramp-up at Relief Canyon has been a challenge and continues to be challenging into Q1-2021
Implemented several procedural changes to address the start-up challenges typical of a heap leach operation, including improved ore control, increased training, standardization of operating practices and reagent optimization after extensive analysis.”

“Significant silver optionality through re-start at Cosal and growth at Galena”

https://www.americas-gold.com/investors/investor-centre/

[kukaman]

The presentation was published today probably in anticipation of the H.C. Wainwright Spring Mining Conference on April 19-20, 2021. Since we are already in Q2 the following statement is kinda strange: "The ramp-up at Relief Canyon has been a challenge and continues to be challenging into Q1-2021" Seems like Relief Canyon is continuing to underperform...  

[jdbutts]

Thanks.  If I read the timeline on pg. 15 correctly, it looks like they expect increased production at Galena before Relief Steady State (and San Rafael High Grade ore mining at same time as!)  Certainly seems like they have their hands full with Relief.

[kukaman]

When you compare the slides to the previous version in particular the following is very negative imo, likely more dilution on the way…   Timelines for all three projects have been delayed further (now slide 15 previously 16).   Relief Canyon: “Steady State Operations and Exploration” now expected in the second half of 2021, probably Q3   Galena: “Increased Production” now end of Q2

[Beluga2020]

Is anyone surprised? USA stock price performance says it all.