Some thoughts on today's news release. Proven reserves at Relief Canyon are 0.024 opt (Proven + Probable = 0.021 opt) ~83% average gold recovery for crushed and agglomerated material 0.024 opt * 83% = 0,01992 opt Once the radial stacker of 8,000 tons per day will be replaced by the 16,000 tons per day stacker beginning of November, we are according to my estimation near Feasibility Study levels. Good things to come imo...
Interesting take on the possible outcome of the US election (starts at 1:35). I give Eric Sprott credit for expressing his opinion in these times... Sprott Money News Weekly Wrap-up - 10.16.20
Galena drill results continue to be promising. Cosala is rather disappointing. October 22, 2020 Americas Gold and Silver Provides Positive Exploration Results at the Galena Complex and Cosalá Operations Update TORONTO, ONTARIO - October 22, 2020 - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), is pleased to provide an update on exploration drilling at its Galena Complex, 60% owned by Americas and 40% owned by Mr. Eric Sprott, and an update on the Cosalá Operations. https://www.americas-gold.com/news-...-galena-complex-and-cosala-operations-update/
Interesting view on the value of the Galena Silver mine. In particular the second bullet point... Oct 30, 2020 Desjardins: Galena Webinar with Americas Gold & Silver Management https://americas-gold.com/investors/upcoming-events/
Nice gain today. We need the repaired stacker at Relief Canyon asap (first week of Nov according to the CEO). Once Relief Caynon is in commercial production end of the year the share price will be much higher for sure imo. Mining legend Pierre Lassonde is still bullish on USAS: "They have the Galena district, they have some of the best silver assets in the US" (44:50 min) Pierre Lassonde in Conversation with Anthony Vaccaro Precious Metals Summit Europe November 2 https://wsw.com/webcast/preciousmetals2/p2/?lobby=true&day=1
According to the Q3 press release the stacker is expected back on site and in service next week. If all goes well we will see a contiued improvement towards full production in Q1 2021. The Feasibility Study outlined average annual production of 91,000 ounces of gold at an average AISC of US$801 per ounce of gold. Market cap currently is ~ US$320 Million. November 13, 2020 Americas Gold and Silver Corporation Reports Third Quarter 2020 Results and Provides Operations Update Operational and Third Quarter Financial Highlights Revenue of $7.3 million and a net loss of $6.2 million for Q3-2020 or a loss of ($0.05) per share Year-to-date operating metrics were largely unchanged in Q3-2020 from Q2-2020 due to the illegal blockade at the Cosalá Operations, suspension of operating metrics during the Galena Complex recapitalization plan (“Recapitalization Plan”), and ongoing pre-production at Relief Canyon Galena Complex silver production increased by 25% year-over-year while Galena lead production increased by 65%, benefitting from the Recapitalization Plan described in detail below At Relief Canyon, the radial stacker is expected to be installed and operating in the coming week. The Company anticipates the increase in production from the return of the radial stacker will allow the Company to declare commercial production by the end of Q4-2020 Since placing ore on the 6W leach pad on August 4, 2020, ore leaching has performed within expected norms Benefits from the Galena Complex Recapitalization Plan are materializing including the significant increase to the mineral resources. Measured and indicated silver resource, as of June 30, 2020, increased by 36% to 37.3 million ounces[1] and inferred silver resource increased by over 100% to 78.6 million ounces1. This is based on only 33% of Phase 1 planned drilling and further increases are expected as the drill program continues The Company finalized the option payment for the San Felipe project and paid the remaining $3.75 million plus VAT obligation in common shares of the Company on October 8, 2020. The San Felipe project is now 100% owned by the Company and contains an indicated silver resource of over 9 million ounces and an inferred silver resource of over 3 million ounces The Company had a cash balance of $22.8 million as at September 30, 2020 https://www.americas-gold.com/news-...-2020-results-and-provides-operations-update/
New company presentation available as today is the H.C. Wainwright Mining Conference. Finally the Stacker has arrived at Relief Canyon. 2021 will be a great year for USAS shareholders imo... Radial stacker has arrived on site and ramp-up to commercial production is expected by the end of Q4-2020 Concerning Cosala the following is of interest: - 2019 production of 0.6 million silver ounces Working towards restarting operation - Over 1 million silver ounces expected in 2021 assuming successful restart - Potential to increase production to 2.5 - 3.0 million ounces in 2022 https://www.americas-gold.com/investors/presentations/
Some promising developments to re-start the Cosala Silver mine in Mexico... Translated via google AMLO orders to review negotiations in Cosalá The aspiring candidate for Morena for the governorship of Sinaloa, Rubén Rocha Moya, is accused before the President of Mexico of trying to harm the miners of the San Rafael mine for alleged personal interests BY: Drafting 24 Hours - December 2, 2020 1:21 pm The Senator for Sinaloa and candidate for the candidacy for the Morena party for governor in the 2021 elections, Rubén Rocha Moya, was accused of belonging to a group of power that prevents the salary and labor improvements of the workers of the San Rafael mine in Cosalá, Sinaloa. This morning during the morning press conference of the president of Mexico, Andrés Manuel López Obrador, evidence and a call for help from the Cosalá miners were presented to him, after the San Rafael mine has been closed since January for a union dispute. Given these events, the President acknowledged that he is aware of the issue, but he thought it was already resolved and immediately requested the Secretary of Labor, Luisa María Alcalde, to initiate talks with the Mining Union, the workers of Cosalá and the Canadian company Americas Gold & Silver, in charge of exploiting the San Rafael mine. This mine has about 300 workers and more than 327 families depend on the sources of employment that emanate from it and it is this group of workers together with their leaders, who accuse Senator Rubén Rocha Moya before the President of Mexico of being part of a power group with interests against that of the mine workers. The miners assure that they do not have any type of medical security, they receive salaries of 250 pesos for 12 hours of work; In addition, the Canadian company is accused before the Mexican authorities of polluting the environment near the mine and of evading taxes by not clearly reporting the amount of minerals that it takes out of it. The miners assure that those who impede negotiations between the company and the union is a group of power in which the names of Senator Rubén Rocha Moya, former Undersecretary Ricardo Peralta; Carlos Pavón Campos, deputy of the PRI and the union leader of the CTM, Javier Villarreal from Sonora, who have some kind of dark interest and in which it is intended to harm the miners. As part of the tests, a photograph of a video taken on November 6 in the restaurant of the Hotel Lucerna was shown, in which Senator Rubén Rocha Moya and former Undersecretary Ricardo Peralta are shown in which they would be talking about the issue of the mine San Rafael. Leaders of the Cosalá mining union assured that it was after this meeting between Rocha Moya and Peralta that the former undersecretary told them not to continue with their requests for improvements and that he, together with the team of lawyers, would negotiate with the Americans Gold & Silver company , but the favorable answers are still missing. After listening to the request for help from the Cosalá miners sent through the journalist Urbano Barrera of the Ovaciones newspaper, President López Obrador was surprised because he thought that since the problem was solved, he reported that Luisa María Alcalde will be in charge of seeing the topic. “We are going to ask Luisa María Alcalde to see the issue, if the miners and people of Cosalá presented it to me, when I was in Tamazula, Durango, which is relatively close (to Cosalá) and it will be seen. I thought it had already been resolved, but let's review it. “It is a matter that has to do with union differences, we must seek conciliation there. We are going to do it so that you can tell the workers that the undersecretary of labor is going to attend to it. Napoleón Sánchez Urrutia has Covid and I hope it goes well, like all those who get sick from this terrible pandemic, but we are going to see it, ”said Andrés Manuel López Obrador. Cosalá is located at the entrance of what is called the Golden Triangle, which is the area with the highest production of cocaine, marijuana and other drugs that the Sinaloa Cartel mostly sells and the miners want to keep their jobs so as not to see themselves in the dilemma of having to work with criminal groups. https://www.24-horas.mx/2020/12/02/amlo-ordena-revisar-negociaciones-en-cosala/
Americas Gold and Silver Corporation Announces that its Large Radial Stacker has Returned to Service at Relief Canyon December 7, 2020 https://www.americas-gold.com/news-...ker-has-returned-to-service-at-relief-canyon/ “I am confident that the return and operation of the radial stacker at Relief Canyon will allow the Company to exit a very challenging year in 2020 and position the Company up for tremendous success in 2021,” stated Americas Gold and Silver President & CEO Darren Blasutti. “Commercial production at Relief Canyon remains targeted for the end of Q4-2020 which I expect to positively impact the Company overall.”
Maybe we will get a re-start at the Cosala Silver mine in the not too distant future... Translated via Google A call to the President from Cosalá Carlos Pavon 2020/12/07 https://www.24-horas.mx/2020/12/07/un-llamado-al-presidente-desde-cosala/ The opinions expressed by the columnists are independent and do not necessarily reflect the point of view of 24 HOURS. Kidnapped for practically a year, this is what the San Rafael Cosalá mine looks like in Sinaloa. It was on January 26 when a group of miners denounced the irruption by force by supporters of Napoleón Gómez Urrutia. In the wild, they say, they came to seize the entrances to the mine and from that day on, any worker has been prevented from entering. This is how this story was born and not how they want the President to believe. A few days ago, at AMLO's morning conference, a reporter used his right to express himself to bring up the subject of the mine. With total ignorance, he assured that it was taken by the workers adhered to the National Union of Mining-Metallurgical and Metal-Mechanic Trade Unions of Mexico, to UNASIM, said that it was a group of power that prevented the restart of operations and which was even made up of legislators and former public officials. He requested the microphone to ask a question, however, he ended up reading practically the script of a poorly told story that was missing the truth at all times. It is worth mentioning that today photos of the same reporter in different assemblies made by those related to Napito, carried out outside the mine facilities in Cosalá, circulate on social networks; It is also important to say that this site is only accessible to supporters of Senator de Morena. It is evident that today they are trying to deceive the President with envoys, trying to make him believe a story that he knows well, since the real miners approached him to ask for his help and to denounce the robbery. It was on February 22 that the President listened to them on his way to Durango and asked them about the ownership of the Collective Labor Agreement, since he assumed that if the strike was started by Napito, then it belonged to him, however, it remained more than evident that it was an invasion, since the CCT was in the hands of another union. In that same meeting, the miners were clear in telling him that there had never been any problems between the company and the union and that the mine should be opened in order not to lose jobs. Today Napito's cynicism reached the President once again, and there are those who say that it was already easy for him to deceive him and see his face, first by hiding that he is Canadian and thus accepting a seat violating the Constitution, then by assuring him that he is a miner when there is no record attesting to this fact. We know that the President will take charge of this case and will not be left with a version that lacks reality. It will investigate why the mine is closed, it will inquire why Napito asked the company for several million dollars to reopen the mine, a request that was denied by the businessmen as it was classified as extortion, it will investigate who are the guardians of the mine and why to say about the miners carry long guns. There is much to say about Cosalá, but more to be clarified, for example why the Federal Board of Conciliation and Arbitration in the midst of anomalies and irregularities decided to carry out the recount for the ownership of the CCT, why it validated a list full of infiltrators. Mr. President, we cannot allow Cosalá to tell the same story of Cananea, Sombrerete and Taxco, mining communities that were invaded. The closure of a mine at the request, whim or personal benefit, implies loss of jobs, low quality of life of workers, loss of investment, it is a blow to the treasury, because if there is no production there is no payment of taxes, it falls in marginalization and poverty for the locality.
With rising metal prices the share price of USAS has a lot of of potential and catching up to do in 2021...
Company Updates From Management – Thu 17 Dec, 2020 Americas Gold and Silver – Outlining the turnaround at all three mines in 2020 and production and exploration expectations in 2021 Darren Blasutti, President and CEO of Americas Gold and Silver (TSX:USA – NYSE:USAS) joins me to provide a full update on the status of all three assets moving into 2021. The Company has three assets which include the Relief Canyon Mine, Galena Complex, and Cosala Operations that all had their challenges this year but have for the most part turned the corner heading into 2021. Darren and I focus individually on each project. We update the current production status and production estimates for next year. Please email me with any follow up questions for Darren regarding any of the assets in Americas Gold and Silver. My email is [email protected]. http://www.kereport.com/2020/12/17/...duction-and-exploration-expectations-in-2021/
December 18, 2020 Americas Gold and Silver Corporation Highlights Continued Strong Results from Galena Complex Drilling https://www.americas-gold.com/news-...-strong-results-from-galena-complex-drilling/
Looking at gold miners to hedge against rampant inflation in 2021 - David Erfle Kitco News Friday December 18, 2020 https://www.kitco.com/news/2020-12-...st-rampant-inflation-in-2021-David-Erfle.html What three companies do you like the most in 2021 and why? Junior GOP – Americas Gold & Silver (USAS): The company anticipates full production to be reached at its recently completed Relief Canyon Gold Mine in Nevada by the end of April, setting USAS up for a strong 2021. The company also has big leverage to the silver price, once operations can re-commence at its Cosalá operations in Mexico, along with ramping up operations at its 60% owned Galena Complex in Idaho. If USAS can deliver on all three projects in 2021, the stock will see multiple market re-rates.
Moving up probably in anticipation of commercial production at Relief Canyon in the coming days... The NPV of the Relief Canyon Gold project is around $400 Million with the current price of gold. Current market cap of USAS is $385 Million. As a result the two silver assets are not adequately reflected in the share price imo.
January 6, 2021 Americas Gold and Silver Corporation Provides an Update on the Galena Complex and Relief Canyon Mine https://www.americas-gold.com/news-...on-the-galena-complex-and-relief-canyon-mine/ At Relief Canyon, commercial production is expected within the next two weeks, due to certain key personnel for the project being unable to remain onsite as a result of contracting COVID-19 and winter weather impacts.
Finally... Americas Gold and Silver Corporation Announces Commercial Production at Relief Canyon January 11, 2021 https://www.americas-gold.com/news-...unces-commercial-production-at-relief-canyon/
USAS is Mr. Erfle's pick in the category of growths orientated producers. It is a turnaround story... Kitco Author's Top Gold & Silver Stock Picks, #1 Take-Over Target 13.02.2021
Legend Pierre Lassonde Has Been Aggressively Buying This Mining Stock, His Top Pick For 2021 February 23, 2021 https://kingworldnews.com/pierre-la...ying-this-mining-stock-his-top-pick-for-2021/ The Discovery Of A New Silver Zone And America’s Gold & Silver (symbol USAS in the United States and USA in Canada) is one of those where if you look at the results that they’ve been putting out on their Galena property, the intercepts that they are seeing, and the discovery of the new silver zone in the hundreds of grams per tonne (800-900 grams per tonne silver), I mean it is fascinating, it is really interesting. Plus there is like 2%-5% copper on top of that. And so in terms of equivalent, you are looking at 40+ ounces of gold equivalent per tonne. Well that’s like $1,000+ per tonne material, like something the ‘old timers’ would see. Plus they are finally getting good results at Relief Canyon — their gold project. Unlocking Value And it looks like they are finally going to get started back in Mexico. They are getting agreements done with all of the various parties. They are finally getting that sorted out with the help of the federal government. So things are finally coming together and the stock is selling for less than .4 NAV (Net Asset Value). Well, I love buying a thing for 40 cents on the dollar and then being able to sell them at full (plus rising) NAV. And that’s why I’ve been saying to you that it’s a great deal and why I’ve been picking up stock in the market. And yes, I do own about 5% of the company.”
The share price tanked today. Glad I reduced my position some time ago. At current share price levels I will consider adding if I free up funds elsewhere... Americas Gold and Silver Corporation Reports First Quarter 2021 Results and Provides Operational Update TORONTO, ONTARIO - May 17, 2021 Highlights Revenue of $10.2 million and a net loss of $91.8 million for Q1-2021 or a loss of ($0.72) per share, which includes an impairment charge of $55.6 million and an inventory write-down of $23.0 million related to Relief Canyon. Adjusted net loss[1] was $13.2 million prior to these one-time adjustments or ($0.10) per share. Following an extensive review and a challenging ramp-up at Relief Canyon, the operation is proceeding with run-of-mine heap leaching. The Company expects this change will improve overall project economics going forward. The Company is confident that a resolution will be reached to reopen the Cosalá Operations with all employees returning to work in the near term with a ramp-up to full production in Q3-2021. Full Mexican government support will ensure the long-term stability of the operation. At the Galena Complex, geologists have located and drilled the downdip extension of the prolific Silver Vein. All of the first 8 holes hit high-grade mineralization highlighted by the following: Hole 55-175A: 7,370 g/t silver and 6.3% copper (8,020 g/t silver equivalent [[2]]) over 2.7 m [[3]] including: 30,200 g/t silver and 26.1% copper (32,900 g/t silver equivalent) over 0.3 m including: 23,000 g/t silver and 17.0% copper (24,800 g/t silver equivalent) over 0.2 m including: 11,500 g/t silver and 10.0% copper (12,500 g/t silver equivalent) over 0.2 m Hole 55-148: 5,320 g/t silver and 4.1% copper (5,730 g/t silver equivalent) over 0.8 m including: 10,200 g/t silver and 7.9% copper (11,000 g/t silver equivalent) over 0.4 m Hole 55-176: 3,110 g/t silver and 2.4% copper (3,350 g/t silver equivalent) over 1.8 m including: 23,900 g/t silver and 17.5% copper (25,700 g/t silver equivalent) over 0.2 m and: 1690 g/t silver and 1.1% copper (1,810 g/t silver equivalent) over 0.4 m “Based on our latest discussions with both the state and federal Mexican government, we are on the cusp of a resolution to the illegal blockade at our Cosalá Operations and anticipate our employees will be back to work this quarter,” stated Americas Gold and Silver President & CEO Darren Blasutti. “The restart of the Cosalá Operations and the recent high-grade Silver Vein discovery at the Galena Complex, near existing infrastructure, will increase exposure to silver and cash flow to the Company and our shareholders. At Relief Canyon, following months of study, we have decided to transition to run-of-mine heap leaching to simplify the flowsheet and improve performance. While the ramp-up has been more difficult than the Company envisioned, I believe this change will lead to better economics and enhanced profitability for the operation.” https://www.americas-gold.com/news-...2021-results-and-provides-operational-update/
