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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

    Joined:
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    Americas Silver plans year-end gold production at Relief Canyon
    August 6, 2019
    https://www.northernminer.com/news/...-gold-pour-at-relief-canyon-in-q4/1003808894/

    “The important part of Relief Canyon and why we did the transaction, was that adding a high quality gold project and gold revenue rerates us as a precious metals company,” he says. “Last year gold was less than 25% of our revenues, but adding Relief Canyon will bring that up to close to 70% in 2020.”

    Relief Canyon “was a fantastic transaction for us,” Blasutti says, noting that when the deal was announced in September last year, gold was trading at US$1,180 per oz. and today it’s over US$1,400 per ounce.
     
    Onepoint272 likes this.
  2. Dan Thunderbolt

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    August 12, 2019
    Americas Silver Corporation Reports Second Quarter 2019 Financial Results
    https://www.americassilvercorp.com/...eports-second-quarter-2019-financial-results/

    Second Quarter Highlights
    • Revenue of $15 million and net loss of $8 million for the quarter or ($0.11) per share, a decrease of $2.3 million in revenue and an increase in the net loss of $9.4 million compared to Q2-2018 due primarily to lower realized metal prices, higher treatment and refining charges, non-reoccurring expenses associated with the Pershing Gold Corporation (“Pershing Gold”) acquisition, incremental interest and financing costs, loss on derivative instruments associated with the Sandstorm Gold Ltd. (“Sandstorm”) convertible debenture and non-cash share-based payments.
    • Relief Canyon Mine construction and costs are proceeding as expected at the Relief Canyon Mine with leach pad liner installation progressing, and mobilization of the mining contractor 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.
    • 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.
    • For the first half of 2019, consolidated silver production of approximately 3.4 million silver equivalent ounces[1] and 0.7 million silver ounces at consolidated cash costs[2] of approximately $3.60 per silver ounce and consolidated all-in sustaining costs2 (“AISC”) of approximately $10.50 per silver ounce.
    • Pre-reported second quarter consolidated silver production of approximately 1.7 million silver equivalent ounces and 0.3 million silver ounces, representing an increase of 15% year-over-year to both silver and silver equivalent.
    • Pre-reported second quarter consolidated cash costs of $8.28 per silver ounce and AISC of $16.15 per silver ounce, both representing an increase year-over-year and from the prior quarter. These increased costs were primarily the result of lower realized prices for zinc and lead and lower production at the Galena Complex.
    • The Company had a cash balance of $6.3 million as at June 30, 2019. The Company has not drawn down on the $25 million Sandstorm Gold Purchase Agreement.
    • Subsequent to the quarter, Eric Sprott made a $10 million investment in the Company by a private placement in the Company’s common stock.
     
  3. Dan Thunderbolt

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    Americas Silver Corp.: Junior Miner Has Upside; Buy The Dip
    Aug. 16, 2019 11:27 AM ET
    https://seekingalpha.com/article/4286258-americas-silver-corp-junior-miner-upside-buy-dip?dr=1

    Summary
    • USAS is up 95% year to date following the surge in silver and gold prices with an expectation of a new gold mining project set to come online by year end.
    • Shares sold off following Q2 results, which may have been more of a sell the news type of event along with current market volatility, while production targets were reaffirmed.
    • USAS is a well-positioned junior minor set to benefit from the current bull market in silver and gold with increasing production and leveraged upside.
    • Buy the dip.
     
  4. Onepoint272

    Onepoint272 Well-Known Member

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    USAS had a great run and printed a high above my $3.60 point & figure target. It became overbought as evidenced by price overthrowing the uptrend channel. It has since reacted to that overbot condition in what is clearly a change of character from the trending condition. It should need to consolidate into a trading range between the buying climax (BC) and the automatic reaction (AR). Not sure if the AR has been printed yet, it may have a ways lower to go as supply is still present.

    upload_2019-8-17_10-4-21.png
     

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