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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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    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

    Dan Thunderbolt Active Member

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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

    Dan Thunderbolt Active Member

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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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  5. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Yesterday the company distributed the following information via email. First Gold pour expected in Q4.

    Relief Canyon Construction Update
    [​IMG]
    Liner Installation


    [​IMG]
    Fabrication of the reclaim tunnel


    [​IMG]




    Copyright 2019 Americas Silver Corp. All rights reserved
    You are receiving this email because you have subscribed to receive email updates via our website
     
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  6. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    The Northern Miner Podcast – episode 147: Silver miners need much higher prices, ft. Americas Silver CEO Darren Blasutti
    Posted By: Adrian Pocobelli August 13, 2019
    https://www.northernminer.com/news/...ericas-silver-ceo-darren-blasutti/1003809069/

    In this episode, acting editor-in-chief Trish Saywell interviews Americas Silver CEO Darren Blasutti on macroeconomics, silver prices and the economic challenges facing silver miners. Blasutti says many silver companies will need much higher prices before they can realize greater profits because of an excess of high-grading at low prices. He also discusses developments at the company’s Relief Canyon gold project in Nevada.

    Topics include: the US-China trade war; the Federal Reserve’s impact on precious metals; the perils of high-grading in bad times; and choosing to mine certain metals at the best times.
     
  7. Dan Thunderbolt

    Dan Thunderbolt Active Member

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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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    Lots of upcoming conferences and exposure as we are getting closer for first gold pour later his year.

    https://www.americassilvercorp.com/investors/upcoming-events/

    Sep 8 - Sep 10, 2019

    21st Annual Global Investment Conference

    Lotte New York Palace, New York, NY

    Sep 10 - Sep 13, 2019

    Precious Metals Summit Colorado 2019

    Park Hyatt & Gerald Ford Hall - Beaver Creek, Colorado

    Sep 15 - Sep 18, 2019

    Gold Forum Americas 2019

    Hyatt Regency, Denver, Colorado
     
  10. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Americas Silver Announces 250% Increase in Gold Equivalent Reserves, Rebrands to Americas Gold and Silver, and Updates on Relief Canyon Construction
    September 05, 2019 04:32 PM Eastern Daylight Time
    https://www.businesswire.com/news/home/20190905005983/en/

    Relief Canyon Update
    Construction continues to advance at the fully-funded Relief Canyon Project in Nevada, USA. Leach pad construction has advanced with earthworks roughly 85% complete and the majority of the pad liner currently fabricated and onsite. Approximately 35% of the liner is installed and over 35% of the leach pad overliner has been crushed, with completion of both scheduled for early in the fourth quarter of this year.
    Several key milestones are expected to be met this September including delivery and installation of both the crusher and conveyor system and refinery equipment. Ledcor Group has mobilized equipment to begin pioneering work and major mining equipment will begin mobilization in September as well. First gold pour continues to be anticipated for December of this year.
     
  11. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Global silver output to top one billion ounces by 2023
    Canadian Mining Journal Staff | September 5, 2019
    https://www.mining.com/global-silver-output-to-top-one-billion-ounces-by-2023/

    The larger projects that will come online in the next three years include the El Cajon mine (Americas Silver Corp.) in Mexico, the Fruta del Norte mine (Lundin Gold) and Mirador mine in Ecuador, as well as the Oernoe and Udokan mines in Russia.

    Americas Silver Releases Highlights from El Cajón and Zone 120 Pre-Feasibility Study
    April 3, 2019
    https://www.americas-gold.com/news-...-el-cajon-and-zone-120-pre-feasibility-study/

    Life of mine cash cost of approximately $9.60 per silver ounce and average all-in sustaining cost (“AISC”) of approximately $10.80 per silver ounce

    “The EC120 Project is a significant addition to our precious metals growth pipeline,” said Darren Blasutti, President & CEO of Americas Silver. “Having a 2.5 million ounce per year silver project ready for immediate development fits into our strategy of preparing for the inevitable positive correction in the silver price. It provides a solid five-year production base as we continue to further explore the El Cajón and Zone 120 deposits and our other silver-rich exploration target areas in Cosalá later in 2019.”
     
  12. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Americas Gold and Silver Announces Strategic Joint Venture with Mr. Eric Sprott at the Galena Complex
    September 9, 2019
    TORONTO, ONTARIO
    - September 9, 2019 - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, today announces a strategic joint venture agreement (the “Agreement”) with Mr. Eric Sprott to recapitalize the mining operations at the Galena Complex, located in the Silver Valley of Northwest Idaho.
    https://www.americas-gold.com/news-...re-with-mr-eric-sprott-at-the-galena-complex/
     
  13. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    [​IMG]
    Relief Canyon Construction Update
    Americas Gold and Silver analysts visit the Relief Canyon site in Nevada

    [​IMG]

    [​IMG]

    [​IMG]

    [​IMG]

    [​IMG]



    Copyright 2019 Americas Gold and Silver Corp. All rights reserved
    You are receiving this email because you have subscribed to receive email updates via our website
     
  14. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  15. Onepoint272

    Onepoint272 Well-Known Member

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    USAS has now printed an AR and ST to complete Phase A of the trading range. It is now in a spring position but there is still significant supply that came into the market. I'd like to see the smart money take it slightly lower to sop up the supply (flush out the weak hands) or I'll wait for a test if it bounces prematurely.

    Daily bars:
    upload_2019-9-13_23-52-43.png
     
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  16. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Americas Gold and Silver: Eric Sprott Joint Venture a Natural Fit
    Published 11 September 2019
    Investing News

    President and CEO Darren Blasutti shares the highlights of the company's 60/40 joint venture with mining financier Eric Sprott, which comes with an initial US$20 million funding commitment.

     
  17. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Miners may no longer buying assets at a discount, here’s why
    Kitco News Thursday September 19, 2019

    https://www.kitco.com/news/2019-09-...-a-discount-here-s-why.html?sitetype=fullsite

    With the run-up in gold prices, mining assets around the world have appreciated in value, and it is unlikely senior and mid-tier producers will be acquiring projects at a discount in the future, this according to Darren Blasutti, CEO of America Gold & Silver.

    “When the gold price moves up $300 and suddenly [mining projects] are very profitable, it changes expectations,” Blasutti told Kitco News on the sidelines of the Denver Gold Forum.
     
  18. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Silver price to hit $20 in 8 weeks, says expert who correctly called $1,500 gold
    Kitco News Friday September 20, 2019
    https://www.kitco.com/news/2019-09-...ctly-called-1-500-gold.html?sitetype=fullsite

    (Kitco News) - E.B. Tucker, director of Metalla Royalty & Streaming, doubled down on his bet earlier this year that gold would eventually rise to $1,500, an now he’s betting that silver will hit $20 in the next two months.

    “Right now, we want to trade silver up to $20. We think gold is going to stabilize at $1,500 and we see silver moving to $20, so that’s a 12% move we think we can capture in the next probably eight weeks. We see that as pretty much a certainty, and we’re willing to bet on that,” Tucker told Kitco News on the sidelines of the Denver Gold Forum.
     
  19. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Three small-cap junior miners with mid-tier potential
    David Erfle Friday September 27, 2019
    https://www.kitco.com/commentaries/...ap-junior-miners-with-mid-tier-potential.html

    Americas Gold and Silver Corp. (USAS): This North American focused silver and base metal producer recently re-branded to include “Gold” in its name, due to its recent acquisition of the Relief Canyon Project in Nevada. The fully financed mine is scheduled to be producing gold by December and will be free cash flowing by early 2020. Expected annual production at the mine is 90,000 ounces of gold at an AISC of $800 per ounce over a 6-year initial mine life. The company recently announced a joint venture with Eric Sprott on its Galena Mine in Idaho, committing up to US$20M in Year One for a 40% interest, while USAS commits US$5M in 2020. The recapitalization plan at the complex over next 18 months is targeting a 100% increase in silver production and reduction of AISC by 50% over the next two years. The company’s Cosalá Operations are located in the state of Sinaloa, Mexico, and consist of 67 mining concessions that cover approximately 19,385 hectares. The property also includes the San Rafael mine, El Cajón project, and several other smaller past-producing mines with expected average annual production of 2.5 million ounces of silver and 4.6 million lbs of copper. The company intends to keep the over 100M ounces of higher-grade silver reserves at Cosalá in the ground until the market has made a $25 floor in the silver price. At Beaver Creek, CEO Darren Blasutti also informed me the company remains open to discuss acquiring another cash stressed junior with 100% control of a high-margin project with blue sky potential. Americas Gold and Silver maintains a dual listing on the TSE and NYSE American exchanges for increased liquidity, strong endorsement from key institutional and retail investors, and will have greater access to U.S. funds if/when the stock rises above the US$4.00 level.
     
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  20. Onepoint272

    Onepoint272 Well-Known Member

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    USAS did spring back into the range but got stopped at the 3.16 axis line. Now it's tested that spring-low on about the same volume, and it tested a previous support level and printed an effort versus result bar with a high-end close. Like the silver contract I suspect it'll try to get back into the range and perhaps test the 3.16 axis line. Will it break above 3.16? Based on the looks of the silver contract (https://stockaholics.net/threads/a-wyckoff-student-notebook.804/page-46#post-109290), I'd say probability is against it, however a buy-stop at 2.80 and an assumed sell at 3.15 would still yield 35 cents or 12.5%. The buy followed by a sell-stop at say 2.60 would give a risk on the trade of 20 cents or 7%. Reward to Risk Ratio would be 1.75:1...not sure it's worth it. But if I'm wrong about silver, and this goes to $4, then the RRR becomes 6:1.

    upload_2019-9-28_10-54-36.png
     
    #40 Onepoint272, Sep 28, 2019
    Last edited: Sep 28, 2019

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