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Americas Silver Corporation (USAS)

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Dan Thunderbolt, Apr 2, 2019.

  1. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  2. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    April 3, 2019
    Americas Silver Announces Creation of a Precious Metal Growth Company
    TORONTO, ONTARIO—April 3, 2019—Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the closing of the acquisition of Pershing Gold Corporation (“Pershing”), originally announced on September 28, 2018 (the “Transaction”), and a financing package to fully-fund the development of the Relief Canyon Project (the “Project”).

    Highlights
    • The Committee on Foreign Investment in the United States (CFIUS) completed its review of the Transaction allowing the parties to proceed to closing
    • Board of Director (“Board”) approval to commence constructing expanded mining and heap leaching facilities at the Relief Canyon Project
    • Concurrent financing signed with Sandstorm Gold Ltd. (“Sandstorm”) for gross proceeds of approximately US$42.5 million to completely fund restarting mining and heap leaching at the Project
    • The conversion of the C$5.5 million convertible debentures (issued in October 2018) into common shares of the Company by Mr. Pierre Lassonde and Trinity Capital Partners Corporation (“Trinity Capital”)
    • Sale of option on San Felipe zinc/silver/lead deposit to Premier Gold for US$10.8 million
    • Mr. Stephen Alfers appointed to the Board of Americas Silver
    https://www.americassilvercorp.com/...-creation-of-a-precious-metal-growth-company/
     
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  3. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Americas Silver Releases Highlights from El Cajón and Zone 120 Pre-Feasibility Study
    TORONTO, ONTARIO—April 3, 2019—Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the results of a Preliminary Feasibility Study (“PFS”, “Study”) and initial mineral reserve estimate prepared internally by Company personnel for a combined operation at its 100% owned El Cajón and Zone 120 silver-copper deposits (“EC120”, “Project”) located near Cosalá, Sinaloa, Mexico. The base case economics for the EC120 Project are presented at long term consensus prices of $17.50 per ounce silver and $3.00 per pound copper, with all amounts expressed in US dollars.

    EC120 Project PFS Highlights (all values in USD unless otherwise noted):

    • Estimated probable mineral reserve of 2.9 million tonnes with a grade of 157g/t silver and 0.42% copper containing 14.5 million ounces of silver and 26.5 million pounds of copper
    • 5-year mine life with average annual metal production of 2.5 million ounces of silver and 4.6 million pounds of copper (3.3 million silver equivalent ounces[1])
    • The Project has a pre-tax net present value with a 5% discount rate (“NPV5%”) of approximately $43 million and internal rate of return (“IRR”) of 61% or after-tax NPV5% of $33 million and IRR of 47%
    • Initial capital expenditure of approximately $17 million with life of mine sustaining capital of approximately $15 million[2]
    • Life of mine cash cost[3]of approximately $9.60 per silver ounce and average all-in sustaining cost2 (“AISC”) of approximately $10.80 per silver ounce
    https://www.americassilvercorp.com/...-el-cajon-and-zone-120-pre-feasibility-study/
     
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  4. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    April 29, 2019
    Americas Silver Corporation Provides First Quarter Production and Cost Update
    TORONTO, ONTARIO - April 29, 2019 - Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) today announced production and operating cost results for the first quarter of 2019 on a consolidated basis and individually for its Cosalá Operations and Galena Complex. All figures are in U.S. dollars unless otherwise indicated.

    First Quarter Highlights

    • Consolidated silver production of approximately 1.8 million silver equivalent[1] ounces, an increase of 9% year-over-year, and 395,000 silver ounces consistent with prior year.
    • Consolidated cash costs[2] were approximately negative ($0.50) per silver ounce, a decrease of 144%, when compared to prior quarter. Consolidated all-in sustaining costs[2] (“AISC”) were approximately $5.54 per silver ounce, a decrease of 53%, when compared to Q4 2018.
    • Milled tonnage at the Cosalá Operations increased by 24% year-over-year, with the San Rafael mine sustaining an average milling rate of approximately 1,750 tonnes per operating day. Production of approximately 1.3 million silver equivalent ounces including approximately 170,000 silver ounces, representing increases of 39% and 118%, respectively, year-over-year. Cash costs were approximately negative ($30.48) per silver ounce and AISC were approximately negative ($25.85) per silver ounce representing decreases of 21% and 130%, respectively, when compared to prior quarter.
    • Continuing operational challenges limited production at the Galena Complex to approximately 430,000 silver equivalent ounces including approximately 220,000 silver ounces, representing decreases of 15% and 1%, respectively, when compared to prior quarter. Cash costs were approximately $23.03 per silver ounce and AISC were approximately $30.17 per silver ounce representing increases of 8% and 2%, respectively, when compared to prior quarter.
    • Subsequent to quarter end, the acquisition of Pershing Gold Corporation (“Pershing”) closed on April 3, 2019 after the Committee on Foreign Investment in the United States (“CFIUS”) completed its review. The Company announced concurrent financing signed with Sandstorm Gold Ltd. for gross proceeds of approximately US$42.5 million to completely fund production at the Relief Canyon Project.
    • Guidance for 2019 remains unchanged at 1.6 – 2.0 million silver ounces and 6.6 – 7.0 million silver equivalent ounces at cash costs of $4.00 to $6.00 per silver ounce and AISC of $10.00 to $12.00 per silver ounce. The Company expects to release its first quarter financial results on or before May 14, 2019.
    https://www.americassilvercorp.com/...des-first-quarter-production-and-cost-update/
     
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  5. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    HC Wainwright restated their buy rating on shares of Americas Silver (NYSEAMERICAN:USAS) in a research note published on Tuesday, May 14th, TipRanks reports. They currently have a $3.80 price objective on the stock.

    “We reiterate our Buy rating while lowering our PT to $3.80 from $3.90 per share. The decreased PT is due to lowered long-term lead pricing of $0.85/lb (prior: $1.00/lb), in line with market prices and our commodity pricing deck. The remainder of our valuation model has not seen any meaningful changes.”,” HC Wainwright’s analyst commented.

    https://techknowbits.com/2019/05/22...s-buy-rating-reaffirmed-at-hc-wainwright.html
     
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  6. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    The company today distributed the following email (including pictures)

    Relief Canyon Construction Update
    The leach pad contractor has been mobilized and construction activities are progressing well at Relief Canyon.

    Please click below for the latest corporate presentation by Darren Blasutti, President & CEO of Americas Silver Corporation.

    For more, keep up to date at www.americassilvercorp.com.
     
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  7. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Relief Canyon first gold pour expected in late Q4:
    https://www.americassilvercorp.com/site/assets/files/5216/presentation20190614.pdf

    Net Present value Pre-tax
    $138 million at Gold price $1,250
    $158 million at Gold price $1,300
    $178 million at Gold price $1,350
    $198 million at Gold price $1,400
    $217 million at Gold price $1,450

    May 2018 Feasibility Study outlined average annual production of 91,000 ounces of gold at an average AISC of US$801 per ounce of gold over a 5.6 year mine life. Less than 20% of the 11,700 hectare land package that has been explored to date. Targets outside of the existing pit include Coal Canyon and Blackjack.

    Plus two operating low cost silver mines in the Americas and pipeline of attractive projects.

    Market Cap Americas Silver (USAS): $150 million
     
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  8. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  9. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Interview: Darren Blasutti, Americas Silver - 121 Mining Investment London 2019
    20-21 May 2019 London


    "We know we can deliver around 80.000 to 90.000 ounces (of Gold) for 7-8 years"
    "We are gonna discover a couple of other assets that will extend that life"
    "Over the next 3-4 months you are talking about a 250 day window from start of construction to start of production, so there is not a lot of time for milestones in between because right now we are running on full tilt."
     
  10. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  11. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Today the company distributed the following information via email. In my opinion the share price will likely continue to move higher in anticipation of the production start. First Gold pour expected in Q4.

    Relief Canyon Construction Update

    [​IMG]
    Views from Relief Canyon historic waste dump towards the leach pads.

    [​IMG]
    Equipment is in place for preparation of leach pad overliner material. Fabrication of conveyors and primary crusher has started, and delivery is slated for mid-September 2019.

    [​IMG]
    Work at the existing processing plant has started. Upgrades will be made to the refinery and emissions control system.
     
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  12. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    A new company presentation is available: https://www.americassilvercorp.com/site/assets/files/5249/presentation20190715.pdf

    Page 6 of the presentation highlights the "Market Capitalization of Junior Gold Producers". Americas Silver has lots of catching up potential in the coming months imo...

     
  13. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Americas Silver was highlighted by David Erfle the Junior Miner Junky in a podcast on the Korelin Report on July 9th. The part on Americas Silver starts at 7:30 min.

    Link: http://www.kereport.com/2019/07/09/silver-and-the-fundamentals-to-look-for-in-the-stocks/

    Some quotes:
    - “High margin project” “That’s the beautiful thing about Relief Canyon it does not need higher Gold prices to be economic. Relief Canyon is economic at 1250 Gold.”
    - “They got over 120 million ounces in Mexico of higher grade silver that are still sitting in the ground.”
     
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  14. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    The share price of Americas Silver should continue to move up in the coming months, especially if gold and silver prices rise. The market cap is quite low at just over $200 million compared to other gold producers. A market cap between $400 to $500 million would be appropriate in my estimation.
    • First gold pour expected in late Q4, 2019 at Relief Canyon
    • Silver back above $16: Two silver mines in the Americas (Low Cost Operations) plus pipeline of attractive projects
    October 11, 2018
    Americas Silver Corporation Provides Updated Mineral Reserve and Resource Estimates
    https://www.americassilvercorp.com/...dated-mineral-reserve-and-resource-estimates/

    “With reserves and measured and indicated resources of approximately 100 million ounces of silver, 1.1 billion pounds of zinc, and over 800 million pounds of lead across our royalty- and stream-free properties, we provide very attractive production optionality and per share resource leverage to higher commodity prices.”
     
  15. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Americas Silver Corporation Announces US$10 Million Investment by Eric Sprott

    TORONTO, ONTARIO - July 19, 2019 - Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce that Eric Sprott has agreed to purchase 3,955,454 common shares of the Company at a price of CDN$3.30 per share, for a total investment of approximately US$10 million in a non-brokered private placement the (“Private Placement”).

    The Company also announces today that the agreement to sell the Company’s option on the San Felipe project in Sonora, Mexico (“San Felipe”) to a subsidiary of Premier Gold Mines Limited (“Premier”) has been terminated in accordance with its terms. The Company previously announced the agreement with Premier on April 3, 2019 for total sales proceeds of US$10.8 million.

    Following the termination of the Premier agreement, the proceeds of the Private Placement will be used to satisfy the equity financing condition of the loan facility from Sandstorm Gold Ltd., as well as ongoing San Felipe option payments and general working capital purposes.

    “We are very excited to have Eric Sprott materially increase his ownership to above 8% and continue to support the Company as a major shareholder,” said Darren Blasutti, President & CEO of Americas Silver. “We are also pleased to have retained the significant upside in the San Felipe silver-zinc project for our shareholders.”

    The Private Placement is expected to close in due course and is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE American. The common shares to be issued under the Private Placement will have a hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws. Medalist Capital Ltd. acted as an advisor on the Private Placement.

    https://www.americassilvercorp.com/...nces-us-10-million-investment-by-eric-sprott/
     
  16. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Dan Thunderbolt Active Member

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    July 30, 2019
    Americas Silver Reports Second Quarter Production Results and Relief Canyon Construction Update
    https://www.americassilvercorp.com/...esults-and-relief-canyon-construction-update/

    "Construction is proceeding as expected at the Relief Canyon Mine with leach pad activities progressing, mobilization of the mining contractor expected later this week and all fabrication work on the crusher and conveyors progressing to meet scheduled delivery in the third quarter. First gold pour is expected in late Q4, 2019."


    Interview: Darren Blasutti, Americas Silver - 20-21 May 2019

    "We know we can deliver around 80.000 to 90.000 ounces (of Gold) for 7-8 years" (AISC $801 per ounce of gold)
    "We are gonna discover a couple of other assets that will extend that life"
    "Over the next 3-4 months you are talking about a 250 day window from start of construction to start of production, so there is not a lot of time for milestones in between because right now we are running on full tilt."
     
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  18. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  19. Onepoint272

    Onepoint272 Well-Known Member

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    It appears USAS has been a leading stock in PM mining. It is well into the mark-up phase.

    Daily bars:
    upload_2019-8-3_5-31-6.png

    Based on the latest point and figure count it appears to have legs to 3.60 (26% higher from here) where it will likely need to take a rest and build more cause.

    upload_2019-8-3_5-39-17.png
     
    #19 Onepoint272, Aug 3, 2019
    Last edited: Aug 3, 2019
  20. Dan Thunderbolt

    Dan Thunderbolt Active Member

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