USAS - Americas Gold And Silver Corporation

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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    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

     
  3. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    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.”
     
  4. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    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/
     
  5. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Government of Mexico says mine in Cosalá could reopen soon

    translated via google
    https://mineriaenlinea.com/2021/06/gobierno-de-mexico-dice-que-mina-en-cosala-podria-reabrir-pronto/

    06/15/2021
    Mexico's government said Tuesday that a mine managed by Canadian firm Americas Gold and Silver Corp in the northern state of Sinaloa is on track to reopen after a protracted labor dispute.

    Related: Americas Gold and Silver Records $ 30 Million Net Loss in 2020 as Cosal Lockdown Continues

    “I have been informed of the decision taken to reopen the mine in Cosala, Sinaloa. An agreement is being reached, progress is being made, ”President Andrs Manuel Lpez Obrador told reporters during a regular government press conference.

    Still, the firm, which this year said it had been the target of "extortion and organized crime" and described the Cosala mine as the target of an illegal blockade, did not immediately respond to a request for comment on its announcement.

    In his brief statements, Lpez Obrador did not mention the name of the company, but two other officials in Mexico confirmed that it was the Americas Gold and Silver operation in Sinaloa.

    Related: Mexican President Pressures Americas Gold and Silver Corp Over Union Dispute

    On Monday, the Mexican government said health and safety inspections would be carried out at the mine within the next three weeks, and that efforts by officials, the company and workers to allow the site to reopen.
     
  6. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  7. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Good news...

    July 21, 2021
    Americas Gold and Silver Provides an Update to the Re-Opening of its Wholly Owned Cosalá Operations
    TORONTO, ONTARIO - July 21, 2021 - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”) is pleased to provide an update to the re-opening plan for the Company’s Cosalá Operations.

    After signing an agreement with the Mexican government and the SNM Union (“Union”) to permanently re-open the Cosalá Operations on July 6, 2021, the Company jointly inspected the facilities with Union representatives and Government Labour inspectors. Both the mine and the mill appear to be in good condition. A re-start plan has been developed by local management and reviewed by the Corporate office.

    Mexican government inspectors from the Mexican Ministry of Labour will be in Cosalá this week to review the re-start plans, which will allow the Company to begin recalling employees immediately following the completion of the inspection assuming compliance with the terms of the July 6, 2021 agreement.

    Based on the favourable condition of the mine, the Company anticipates that both the mine and the mill will be operating by the end of August 2021 and for the Cosalá Operation to be at full capacity by the start of Q4-2021. The operation also has approximately 70,000 tonnes of ore in stockpile that can be processed as a contingency.

    Once production has been initiated, it is anticipated that the current higher silver prices will allow the Company to target the higher-grade silver ores in the Upper Zone of San Rafael and develop the silver-copper EC120 project. Mining these silver-rich areas of the Cosalá Operations is expected to significantly increase silver production to over 2.5 million ounces of silver per annum in the years following the re-start. Coupled with the exploration success at the Galena Complex in Idaho, where the Company is targeting to reach peak historical annual production levels of approximately 5 million ounces per year, the Company expects to significantly increase silver production over the next few years.

    https://www.americas-gold.com/news-...pening-of-its-wholly-owned-cosala-operations/
     
  8. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    This stock seems undervalued imo and I bought again some shares at $1.33 in the past week.

    The following slide is from an older 2019 October presentation.The NPV of the EC120 project is around $100 million with todays prices of silver and copper.

    [​IMG]

    [​IMG]
     
  9. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Top 10 Canadian companies with assets in the U.S.
    July 26, 2021
    https://www.northernminer.com/news/top-10-canadian-companies-with-assets-in-the-u-s/1003833136/

    9. Americas Gold and Silver

    Market Cap: $260.76 million (US$209.67 million)

    Americas Gold and Silver (TSX: USA; NYSE-Am: USAS) is a precious metals producer advancing its 100%-owned Relief Canyon gold mine to full production in Nevada, U.S. It also has two existing operations in the world’s leading silver regions: the Cosalá operations in Sinaloa, Mexico and the Galena Complex in Idaho, U.S.

    In Nevada, the company operates the Relief Canyon mine in Pershing County. The mine poured its first gold in February 2020 and declared commercial production in January 2021.

    The past-producing mine includes three historic open pit mines, a newly constructed crusher, ore conveyor system, leach pads, and a refurbished heap-leach processing facility.

    The landholdings at Relief Canyon and the surrounding area cover over 11,700 hectares, providing the company the potential to expand the Relief Canyon deposit and to explore for new discoveries close to existing processing infrastructure.

    In Idaho, the company operates the 60%-owned producing Galena Complex (40%-owned by Eric Sprott) whose primary assets are the operating Galena mine, the Coeur mine, and the contiguous Caladay development project in the Coeur d’Alene mining district of the northern Idaho Silver Valley.

    The Galena Complex has recorded production of over 230 million ounces of silver along with associated by-product metals of copper and lead over a production history of more than sixty years.

    The company has entered into a joint-venture agreement with Sprott effective October 1, 2019 for a 40% non-controlling interest of the Galena Complex with an initial contribution of US$15 million to fund capital improvements and operations.

    The goal of the joint venture agreement was to position the Galena Complex to significantly grow resources, increase production, and reduce operating costs at the mine over the next two years.

    In the interim, the company has suspended disclosing certain operating metrics such as cash costs, and all-in sustaining costs for the Galena Complex until the recapitalization plan is substantially complete.
     
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  10. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Tranlated via google...

    10 hrs
    Dear Collaborators and Community in General:
    We inform you that yesterday the inspection by the Ministry of Labor was successfully completed, who observed that the facilities allow us to restart operations.
    We are ready to restart operations, but the facilities are still blocked. We need to have free and safe access so that all our collaborators return in the shortest possible time.
    Read the full statement.
    https://www.facebook.com/MinaSanRafael/
     
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  11. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    These guys can't seem to get over the hump, ramp-up challenges at their Nevada Gold project remain. Once the Mexican Mine restarts after the blockade is solved it should make good profits with the current metal prices (Silver, Zinc, Lead). Below slides are from the Q1 2019 report for the Mexican operations.

    August 16, 2021
    Americas Gold and Silver Corporation Reports Second Quarter 2021 Results and Provides Operational Update

    Operational and Second Quarter Financial Highlights
    • Revenue of $9.5 million and net loss of $17.8 million for Q2-2021 or a loss of ($0.13) per share, with the loss mostly attributable to the continued ramp-up at Relief Canyon.
    • The Company signed an agreement on July 6, 2021 with the Mexican Ministries of Economy, Interior and Labour along with union representatives committing to a reopening of the Cosalá Operations. The Company anticipates that both the mine and the mill will be at full capacity by the start of Q4-2021 assuming the compliance of the agreement by members of the union.
    • Galena’s Recapitalization Plan is proceeding well with the Company continuing to experience higher year-over-year production in Q2-2021 compared to Q2-2020; silver production increased by 20% year-over-year while lead production increased by 10%.
    • Phase 1 drilling of Galena’s Recapitalization Plan was completed in the quarter and results will be incorporated into the updated mineral reserve and resource estimate before the end of August 2021. Phase 2 drilling has just begun with the first hole testing the down dip extension of the high-grade Silver Vein approximately 500 feet below the current drill station.
    • Following an extensive review and a challenging ramp-up at Relief Canyon, the operation proceeded with run-of-mine heap leaching and continued its efforts to resolve metallurgical challenges in Q2-2021. On August 13, 2021, the Company and the Board of Directors decided to temporarily suspend mining operations at Relief Canyon in order to prioritize capital for the Cosalá Operations re-start while it continues leaching operations and ongoing metallurgical test work.
    https://www.americas-gold.com/news-...2021-results-and-provides-operational-update/

    [​IMG]

    [​IMG]
     
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  12. Husker

    Husker Member

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    Looks to me like it's headed to it's low of .48 back in January of 2016.
     
  13. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Maybe, but there is a high volume swing low from March 2020 at $1.00 which should at least give it some pause. But yeah, what a disaster.
     
  14. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  15. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Finaliza bloqueo en mina mexicana de Americas Gold and Silver
    Bnamericas Publicado: lunes, 13 septiembre, 2021
    https://www.bnamericas.com/es/noticias/finaliza-bloqueo-en-mina-mexicana-de-americas-gold-and-silver

    Mexican authorities confirmed the end of a 20-month blockade at Americas Gold and Silver's Cosalá silver mine. A group of miners had prevented access to the asset of the state of Sinaloa since January 2020 due to a conflict related to union representation. The workers, members of the national union SNTMMSSRM, have now opened entry points to the mine and processing plant, according to the Ministry of Labor. An agreement was also reached that allows workers to return immediately to resume operations, the ministry said in a statement. The secretariat created a working group related to a collective agreement between the company and the workers, which will start talks on Tuesday. The parties reached an initial agreement to end the conflict after talks attended by federal government authorities in July, but the lockdown continued until the end of last week. "We hope to celebrate all together the return of this source of work for Cosaltecos," said the company in a letter to workers posted on Twitter. The company expected to start calling workers to the mine, also known as San Rafael, in late August, which would have allowed operations to reach full capacity early in Q4. While the dispute related to union representation in Cosalá, Toronto-based Americas Gold and Silver stated that the key issue revolved around illegal demands made by a union leader, including having control of union contracts. transport. A vote last year on union representation, which was won by the SNTMMSSRM, was undermined by threats and irregularities, according to the company.
     
  16. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Americas Gold and Silver Announces Recall of Workers at the Cosalá Operations
    September 14, 2021 07:00 AM Eastern Daylight Time

    https://www.americas-gold.com/news-...s-recall-of-workers-at-the-cosala-operations/

    Given the favourable conditions of both the mine and mill, new mine production and concentrate is expected to start shipping in October 2021.

    Once in operation, it is anticipated that the current higher silver prices will allow the Company to target the higher-grade silver ores in the Upper Zone of San Rafael and develop the silver-copper EC120 project. Mining these silver-rich areas of the Cosalá Operations is expected to significantly increase silver production to over 2.5 million ounces of silver per annum in the years following the re-start.
     

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