Americas Gold and Silver Corp (USAS)

[NYBob]

Americas Gold and Silver Corporation
TSX Exchange | Mar 19, 2020, 3:26 PM EDT | Real-time price

logo
USA $ 2.19 RT
CHANGE
0.22 (11.168%)
VOLUME
442,345
Day Low: 1.85
Day High: 2.19
52 Week Low: 1.39
52 Week High: 5.20

[r2g2]

Coronavirus Is Bullish For Gold Prices And Gold Stocks
Mar. 11, 2020 8:37 PM

Gold Mining Bull
The Gold Bull Portfolio
Access to my personal gold portfolio in real time, plus junior mining picks
(11,274 followers)
Summary
The spread of COVID-19 (coronavirus) has created buying opportunities in the precious metals sector.

Gold is a classic safe haven investment during periods of turmoil.

Gold prices are holding up over $1,600/oz while stocks plummet. Gold has gained value relative to stocks.

Most gold mining operations have not been impacted by the virus, and the costs of production should fall with lower oil prices.

I break down why I feel gold stocks are a buy here.

Looking for a helping hand in the market? Members of The Gold Bull Portfolio get exclusive ideas and guidance to navigate any climate. Get started today »

Coronavirus Is Good News For Gold Prices And Miners

(Current gold prices. Credit: StockCharts)

With stock markets and oil prices plunging this week on increased concerns of the growing COVID-19 pandemic, investors are hiding out in gold, cash and bonds as safe havens. But gold miners and the streaming/royalty companies are also looking very attractive here and should be targeted by value & contrarian investors. When the dust settles, I think this will be one of the strongest performing sectors.

Gold is still cheap compared to stocks

(Credit: StockTrends)

Despite the heavy sell-off in stocks and the relative strength in gold prices, I don't think we're anywhere near the normal, or historic, ratio of gold prices in relation to stocks.

Investors should look at the Dow-to-Gold ratio, which is a measure of how many ounces of gold it would take to buy the Dow on any given month. Previous cycle lows have been 1.94X in February of 1933 and 1.29X in January of 1980." Back in 2011, the ratio hit a 10-year low of 6.36X. We are currently near 14X.

If we were to see this ratio get back to the 7X level, which seems like a real possibility based on ratios of the past, that would mean if the Dow Jones fell further to 18,000, then gold prices would need to trade at $2,571/oz.

Alternatively, if the Dow remained around current levels of 22,000, then gold would need to trade at $3,142/oz, to hit the 7X mark.

I believe we're about to see this ratio drop even further based on the potential for a much steeper decline in stocks and more investors to turn to gold as a safe haven with coronavirus spreading. This latest gold rally has strong legs and the increased likelihood of a global recession could send gold to new highs.

I expect the selling pressure on stocks to continue over the next few months as the outbreak gets worse and more cases are brought to light - we are now at 115,000 cases worldwide, as of writing. Gold prices are likely to continue to show strength relative to stocks, and potentially rise to new highs this year.

In my view, gold is a better alternative to holding any currency (including the U.S. dollar), as central banks are likely to resort to some form of currency devaluation in response to a weakened economy.

[poop deck pappy]

Thanks for the info.

I’m not selling.

Gold will bring down the Fed:)

[NYBob]

The outlook for 2020 looks brighter as Americas Gold and Silver poured first gold from its Relief Canyon mine in Nevada in February with initial construction completed within the guidance of $28-30 million. Mined tonnage is tracking ahead of schedule and the ore stacking rate is ramping up. To date, the operation has over 250,000 tonnes of ore placed on the leach pad with commercial production expected before the end of the second quarter.

With the addition of Relief Canyon, precious metals production is expected to increase by more than 300% this year to 60,000-70,000 gold-equivalent ounces (GEOs) and by over 500% in 2021 to 90,000-110,000 GEOs compared to about 14,000 GEOs produced in 2019.


The Galena complex recapitalisation plan began in the fourth quarter and will continue into 2021, including the purchase of new equipment, refurbishing existing equipment and extensive re-development in the 4300 and 5500 Levels. More than 10,000 feet of new drilling has been completed with several targets evaluated. The operation has already begun to experience an increase in production rates over 2019.

"Relief Canyon is expected to significantly increase precious metal exposure by 500% by fiscal 2021 and increase the overall profitability of the company as we deliver full production into a rising gold price.

"The company is well positioned for the continued transition to a profitable, high-growth, precious metals producer as Relief Canyon ramps up," said president and CEO Darren Blasutti.

Shares in Americas Gold and Silver are trading around C$2.77, valuing the company at $240 million.

March 9, 2020 - 1:05 PM PDT
Tags:
INDUSTRIAL METALS & MINERALS
by Blasutti CEO for USAS -

https://stream2.kitco.com/20_01_24_Blasutti_v2_liferay.mp4

Guest(s): Darren Blasutti Americas Gold and Silver
Should silver prices rally to their fair value to above $20 an ounce,
a transformation would take place amongst silver miners,
this according to Darren Blasutti, CEO of Americas Gold & Silver.
“I could see [silver prices] headed to $22, $23, and that would be
transformational for the silver industry,”
Blasutti told Kitco News on the sidelines of
the Vancouver Resource Investment Conference.


https://ih.advfn.com/stock-market/AMEX/americas-gold-and-silver-USAS/stock-news/81395190/americas-gold-and-silver-announces-initial-ore-pla

https://www.americas-gold.com/

https://www.americas-gold.com/operations/relief-canyon/construction-photos/

American Silver Corporation Corporate Presentation 2020,01,30

https://www.americas-gold.com/site/assets/files/5377/presentation20200130.pdf

https://www.americas-gold.com/investors/presentations/



In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[poop deck pappy]

Haven’t read the entire release but down year over year is not good in production.

Silver not helping.

Buy out if it keeps going down.

[NYBob]

Americas Gold And Silver Corporation Reports Full-Year 2019 Financial Results
T.USA | 1 day ago
TORONTO, March 9, 2020 /CNW/ --

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, today reported consolidated financial and operational results for the year ended December 31, 2019 and provided a general update on the operations.

This earnings release should be read in conjunction with the Company's Management's Discussion and Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on the Americas Gold and Silver Corporation SEDAR profile at www.sedar.com, on its EDGAR profile at www.sec.gov, and are also available on the Company's website at www.americas-gold.com. All figures are in U.S. dollars unless otherwise noted.

Year-End and Operational Highlights

Revenue of $58.4 million and net loss of $34.2 million for the full-year of 2019 or ($0.46) per share, a decrease of $10.0 million in revenue and an increase in net loss of $23.5 million compared to year-end of 2018. Adjusted net income1 was $23.3 million prior to one-time adjustments or ($0.30) per share
Previously reported year-end consolidated production2 of approximately 5.8 million silver equivalent ounces3 and 1.2 million silver ounces, representing decreases of 7% and 18% year-over-year to both silver equivalent ounces and silver ounces, respectively. Galena silver production for the fourth quarter was not included as a result of the start of the Recapitalization Plan accounting for the majority of the production decreases year-over-year.
Previously reported year-end consolidated cash costs4 of $4.61 per silver ounce and all-in sustaining costs4 of $12.71 per silver ounce, both representing increases year-over-year.
Successfully poured first gold in February 2020 at the Company's Relief Canyon mine in Nevada and completed initial construction estimated to be within the guidance of $28 - $30 million.
Mined tonnage at Relief Canyon is tracking ahead of schedule and the ore stacking rate is ramping up. To date, the operation has over 250,000 tonnes of ore placed on the leach pad with commercial production expected before the end of Q2-2020.
With the addition of Relief Canyon, precious metals production is expected to increase by over 300% in 2020 to 60,000 – 70,000 Gold Equivalent Ounces5 ("GEO") and by over 500% in 2021 to 90,000 – 110,000 GEOs compared to approximately 14,000 GEOs produced in 2019.
The Company has tremendous support from employees and contractors at the Cosalá Operations following the illegal blockade of the operations. The Company continues to actively engage with all levels of Government regarding the illegal blockade and hopes to resolve the dispute by the end of Q1-2020.
The Galena Complex Recapitalization Plan began in mid Q4-2019 and continues into 2021. The joint venture has purchased new equipment, refurbished existing equipment and completed extensive re-development in the 4300 and 5500 Levels. Over 10,000 feet of new drilling has been completed with several promising targets being evaluated. The operation has already begun to experience an increase in production rates over 2019.
The Company had a cash balance of approximately $20.0 million as at December 31, 2019.
"The Company delivered Relief Canyon to first gold pour within nine months from the commencement of construction; an impressive accomplishment for our team in a short period of time," said Americas President & CEO Darren Blasutti. "Relief Canyon is expected to significantly increase precious metal exposure by 500% by fiscal 2021 and increase the overall profitability of the Company as we deliver full production into a rising gold price environment after successfully acquiring the gold asset when gold was trading at less than $1,200 per ounce in early 2019. The Cosalá Operations successfully executed its production plans for the year increasing mill tonnage to over 1,750 per operating day, and increasing production of precious and by-product metals. The Galena Recapitalization Plan is being executed as planned with the purchase and delivery of essential equipment and drilling commencement. The Company is well positioned for the continued transition to a profitable, high-growth, precious metals producer as Relief Canyon ramps up."

Consolidated Financial and Operational Results

Consolidated Financial, Production and Cost Detail


20192

2018

Revenues ($M)

$58.4

$68.4

Net Loss ($M)

$(34.2)

$(10.7)

Comprehensive Loss ($M)

$(35.1)

$(9.9)

Total ore processed (tonnes milled)

701,884

685,152

Silver produced (ounces)

1,163,618

1,417,537

Zinc produced (pounds)

43,314,002

34,219,472

Lead produced (pounds)

26,193,098

30,466,799

Silver equivalent produced2 (ounces)

5,836,446

6,286,531

Silver recovery (percent)

73.2

76.6

Silver grade (grams per tonne)

70

84

Zinc grade (percent)

3.96

3.65

Lead grade (percent)

2.12

2.46

Silver sold (ounces)

1,159,432

1,424,745

Zinc sold (pounds)

41,733,934

33,714,154

Lead sold (pounds)

26,129,771

30,620,153

Realized Silver Price ($ per ounce)

$15.99

$15.65

Realized Zinc Price ($ per pound)

$1.19

$1.32

Realized Lead Price ($ per pound)

$0.91

$1.02

Cost of sales ($ per equivalent silver ounce)

$8.43

$8.29

Silver cash cost3 ($ per silver ounce)

$4.61

$(0.63)

All-in sustaining cost3 ($ per silver ounce)

$12.71

$9.80

The Company's San Rafael mine in Mexico had continued success during fiscal 2019 as mill tonnage increased by 13% and sustained an average milling rate of approximately 1,750 tonnes per operating day during the year. Silver grade and recovery both increased by approximately 6% and 8%, respectively, with base metal grades and recoveries also increasing. These improvements resulted in increases of 28%, 27% and 27% in silver, zinc and lead production when compared to 2018. Despite the Cosalá Operation's strong performance, consolidated silver equivalent production decreased 7% to approximately 5.8 million ounces compared to production of 6.3 million ounces during 2018. Consolidated silver production for 2019 was approximately 1.2 million silver ounces, a decrease of 18% compared to 2018. The decrease in metal production was due to lower tonnage, and silver and lead grades at the Galena Complex prior to commencement of the Recapitalization Plan in Q4-2019, partially offset by strong results at the Cosalá Operations.

Gross revenue decreased by $1.4 million compared to 2018 primarily due to a decrease in silver equivalent production despite increases in realized silver prices during the year. The silver spot price increased to an average of $16.21 per ounce in 2019 from an average of $15.71 per ounce in 2018 as uncertainty in global markets increased during the year with further increases in precious metal prices generally continuing into fiscal 2020. Net revenues were further negatively impacted by an increase in concentrate treatment and refining charges of $8.5 million or 32% over 2018 for a net total decrease in revenue of $9.9 million.

The Company's profitability was negatively impacted in fiscal 2019 by: the lower tonnage and grades at the Galena Complex without a corresponding decrease in costs; lower by-product metal prices; higher zinc treatment charges at the Cosalá Operations lowering net revenues; higher cost of sales primarily at the Cosalá Operations due to higher tonnage mined and milled; higher depletion and amortization due to higher production; and higher non-cash items such as share-based payments and loss on derivative instruments. Consolidated cash costs increased during the year primarily due to higher industry-wide zinc concentrate treatment charges, as well as lower production and lower grades at the Galena Complex.

Further information concerning the consolidated and individual mine operations is included in the Company's year-end Consolidated Financial Statements for the year ended December 31, 2019 and Management's Discussion and Analysis for the year ended December 31, 2019.

Consolidated 2-Year Production Outlook

Table 1*

Consolidated 2-Year Outlook (Excluding the Galena Complex)


2020 Guidance

2021 Outlook

Gold Production (ounces)

50 – 60 koz

80 – 90 koz

Silver Production (ounces)

0.8 – 0.9 Moz

1.0 – 1.5 Moz

Gold Equivalent Production (ounces)

60 – 70 koz

90 – 110 koz

All-in Sustaining Cost ($ per equivalent gold ounce)

$900 – 1,100/oz

$850 – 1,050/oz

Cost of Sales ($ per equivalent gold ounce)

$1,100 – 1,250/oz

$1,000 – 1,200/oz

Sustaining Capital Expenditures ($)

$8 – 10 M

$8 – 10 M


* Forecasts for 2020 and 2021 include only Relief Canyon and the Cosalá Operations. 2020 Guidance assumes 11 months of production from the Cosalá Operations. Continuation of the blockade may impact guidance further.

The Company reiterates the forecasted production for the next two years and expects to significantly increase precious metals production with the gold contribution from Relief Canyon. This represents a significant transition from a silver/base metal producer to a predominantly precious metals producer. Precious metal production is expected to increase by over 300% in 2020 and by over 500% in 2021 when compared with production in 2019. For additional detail regarding our production outlook, please refer to the Company's press release on February 18, 2020.

Relief Canyon

Relief Canyon poured first gold in February and has over 250,000 tonnes of ore placed on the leach pad. Ore crushing and stacking is steadily improving with the addition of the night shift and is now operating on a 24-hour basis. Heap leach permeability and leaching characteristics of the ore are meeting expectations. The operation has a significant ore stockpile of over 200,000 tonnes ahead of the crusher and waste stripping is ahead of schedule. Commercial production continues to be expected before the end of Q2-2020.

Cosalá Operations

The Company continues to have discussions with government authorities at both the state and federals levels. The operation also continues to have tremendous support from its workers, local community, ejidos and small businesses in the Cosalá area which have all been negatively impacted by the illegal blockade. The Company appreciates this support.

The Company will not negotiate with representatives of this illegal blockade and is exploring all legal channels to resolve this dispute in a peaceful and timely fashion.

Galena Complex

The Galena Complex is benefiting from the Recapitalization Plan that commenced in October 2019. Equipment has arrived on site and additional equipment will continue to mobilize over the next couple of months. Productivity has improved to start the year as well as worker morale. Most importantly, there has been a steady improvement in worker safety. There has been extensive repair to the 5500 level and 4300 level drifts which will allow the operation to establish diamond drill stations to test for deep mineralization below the current workings. Finally, shaft repair at the 5500 level is also progressing which will allow the operation to re-establish the lowest loading pocket. This will reduce the need to haul ore and waste by ramp to higher levels of the mine. The Company is confident that the Recapitalization Plan will provide the Galena Complex with the intended benefits of lower costs, higher production and a longer mine life.

Year-End 2019 Conference Call

President & CEO Darren Blasutti will be hosting a year-end 2019 conference call on Monday, March 9th, 2020 at 4:30pm EST. A copy of the presentation will be made available on the company's website at www.americas-gold.com.

Step 1: Dial-In
Canada and USA Toll-Free: 1-800-750-5861
International Toll Number: 1 416-981-9007

Step 2: Online Login
https://cc.callinfo.com/r/1o51voa85hx01&eom

Callers are advised to dial-in 10-15 minutes prior to the call. As there is no audio on the participant URL, please dial-in to follow along with the presentation.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company's newest asset, Relief Canyon in Nevada, USA, has poured first gold and is expected to ramp up to full production over the course of 2020. The Company also owns and operates the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com

For more information:



Stefan Axell

Darren Blasutti

VP, Corporate Development & Communications

President and CEO

Americas Gold and Silver Corporation

Americas Gold and Silver Corporation

416-874-1708

416-848-9503

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver's expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated production rates and results for gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures, the Company's construction, production, development plans and performance expectations at the Relief Canyon Mine, including the anticipated timing of commercial production at Relief Canyon, the resolution and removal of the illegal blockade at the Company's Cosalá Operations and the resumption of mining and processing operations. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential', "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to develop, complete construction, bring to production and operate the Relief Canyon Project; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.

Cautionary Note to U.S. Investors:

The terms "proven and probable reserve", "resource", "measured resource", "indicated resource", and "inferred resource" used in the press release are mining terms used in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum Standards. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

While the terms "mineral resource", "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the Securities & Exchange Commission ("SEC"). Moreover, the definitions of proven and probable reserves used in NI 43-101 differ from the definitions in the United States Securities and Exchange Commission's Industry Guide 7. As such, information contained in the Company's disclosure concerning descriptions of mineralization, reserves and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to "inferred mineral resource" there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves.

1 The Company's profitability was negatively impacted in 2019 by non-reoccurring and non-cash charges, specifically transaction costs associated with the Pershing Gold acquisition ($3.5 million), incremental interest and financing costs related to the convertible loans payable and convertible debenture ($1.2 million), net loss on derivative instruments ($2.5 million), and non-cash share-based payments ($3.7 million). Adjusting for the non-reoccurring and non-cash charges, the net loss would have been approximately $23.3 million. Other variances, such as non-cash items in depletion and amortization ($13.3 million) and increased concentrate treatment charges and related costs ($10.3 million).
2 Throughout this press release, 2019 production results exclude Q4-2019 from the Galena Complex due to commencement of the Recapitalization Plan.
3 Silver equivalent production throughout this press release was calculated based on silver, zinc, and lead realized prices during each respective period.
4 Cash cost per ounce and all-in sustaining cost per ounce are non-IFRS performance measures with no standardized definition. For further information and detailed reconciliations, please refer to the Company's 2019 year-end and quarterly MD&A.
5 Gold equivalent production was calculated based on an 80:1 silver to gold ratio.



Americas Gold and Silver Corporation Logo (PRNewsfoto/Americas Gold and Silver)




Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/americas-gold-and-silver-corporation-reports-full-year-2019-financial-results-301020033.html

SOURCE Americas Gold and Silver Corporation




Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2020/09/c5149.html

Copyright CNW Group 2020

Canada Newswire
March 9, 2020 - 1:05 PM PDT
Tags:
INDUSTRIAL METALS & MINERALS
by Blasutti CEO for USAS -

https://stream2.kitco.com/20_01_24_Blasutti_v2_liferay.mp4

Guest(s): Darren Blasutti Americas Gold and Silver
Should silver prices rally to their fair value to above $20 an ounce,
a transformation would take place amongst silver miners,
this according to Darren Blasutti, CEO of Americas Gold & Silver.
“I could see [silver prices] headed to $22, $23, and that would be
transformational for the silver industry,”
Blasutti told Kitco News on the sidelines of
the Vancouver Resource Investment Conference.


https://ih.advfn.com/stock-market/AMEX/americas-gold-and-silver-USAS/stock-news/81395190/americas-gold-and-silver-announces-initial-ore-pla

https://www.americas-gold.com/

https://www.americas-gold.com/operations/relief-canyon/construction-photos/

American Silver Corporation Corporate Presentation 2020,01,30

https://www.americas-gold.com/site/assets/files/5377/presentation20200130.pdf

https://www.americas-gold.com/investors/presentations/



In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[poop deck pappy]

bought today

[Solarfuture]

Not to understand the pps here!Exaggeration ....!!

[Solarfuture]

Precious metals production is expected to increase over 300% in 2020 and 500% in 2021!

[Solarfuture]

++ GOLD ++ 10 Dollars 1684 USD!! ++

[poop deck pappy]

No idea why the sell off.

Gold at $1675 solves all problems:)

I’m still adding to all my gold positions.

[Solarfuture]

Gold far above 1.600 Dollar!! Why panic selling here?? It's a great chance to buy!!And metals will climb next time...FED, Corona...

[poop deck pappy]

Earnings release after the bell.

[poop deck pappy]

Great sale!!

Still buying.

[Solarfuture]

Three days ago 3.20+...we'll see again....and more. GLTY

[poop deck pappy]

Bought a little today.

[Solarfuture]

Not to understand here...

[r2g2]

With reports of Relief now producing gold, shouldn't this low PPS start to climb? Why is it so lethargic?

[NYBob]

American Silver Corporation (TSX:USA) (USAS)

American Silver Corporation Corporate Presentation 2020,01,30

https://www.americas-gold.com/site/assets/files/5377/presentation20200130.pdf

https://www.americas-gold.com/investors/presentations/


nbm16yankees' on 'American Silver Corporation (USAS)
thank you, the last I heard is from
January 19, 2020,
by Blasutti CEO for USAS -

https://stream2.kitco.com/20_01_24_Blasutti_v2_liferay.mp4

Guest(s): Darren Blasutti Americas Gold and Silver
Should silver prices rally to their fair value to above $20 an ounce,
a transformation would take place amongst silver miners,
this according to Darren Blasutti, CEO of Americas Gold & Silver.
“I could see [silver prices] headed to $22, $23, and that would be
transformational for the silver industry,”
Blasutti told Kitco News on the sidelines of
the Vancouver Resource Investment Conference.


https://ih.advfn.com/stock-market/AMEX/americas-gold-and-silver-USAS/stock-news/81395190/americas-gold-and-silver-announces-initial-ore-pla

https://www.americas-gold.com/

https://www.americas-gold.com/operations/relief-canyon/construction-photos/

American Silver Corporation Corporate Presentation 2020,01,30

https://www.americas-gold.com/site/assets/files/5377/presentation20200130.pdf

https://www.americas-gold.com/investors/presentations/



In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[Dough Theory]

https://ih.advfn.com/stock-market/AMEX/americas-gold-and-silver-USAS/stock-news/81653526/americas-gold-and-silver-reports-illegal-blockade

[NYBob]

nbm16yankees' on 'American Silver Corporation (USAS)
thank you, the last I saw is from

American Silver Corporation Corporate Presentation 2020,01,30

https://www.americas-gold.com/site/assets/files/5377/presentation20200130.pdf

https://www.americas-gold.com/investors/presentations/


nbm16yankees' on 'American Silver Corporation (USAS)
thank you, the last I heard is from
January 19, 2020,
by Blasutti CEO for USAS -

https://stream2.kitco.com/20_01_24_Blasutti_v2_liferay.mp4

Guest(s): Darren Blasutti Americas Gold and Silver
Should silver prices rally to their fair value to above $20 an ounce,
a transformation would take place amongst silver miners,
this according to Darren Blasutti, CEO of Americas Gold & Silver.
“I could see [silver prices] headed to $22, $23, and that would be
transformational for the silver industry,”
Blasutti told Kitco News on the sidelines of
the Vancouver Resource Investment Conference.


https://ih.advfn.com/stock-market/AMEX/americas-gold-and-silver-USAS/stock-news/81395190/americas-gold-and-silver-announces-initial-ore-pla

https://www.americas-gold.com/

https://www.americas-gold.com/operations/relief-canyon/construction-photos/

American Silver Corporation Corporate Presentation 2020,01,30

https://www.americas-gold.com/site/assets/files/5377/presentation20200130.pdf

https://www.americas-gold.com/investors/presentations/



In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[nbm16yankees]

Yes, thanks.

I heard that on the interview you provided the link for.

But I am asking about the Gold at Canyon Relief..Any word on when that begins pouring?
Thanks for any help.

[NYBob]

nbm16yankees' on 'American Silver Corporation (USAS)
thank you, the last I heard is from
January 19, 2020,
by Blasutti CEO for USAS -

https://stream2.kitco.com/20_01_24_Blasutti_v2_liferay.mp4

Guest(s): Darren Blasutti Americas Gold and Silver
Should silver prices rally to their fair value to above $20 an ounce,
a transformation would take place amongst silver miners,
this according to Darren Blasutti, CEO of Americas Gold & Silver.
“I could see [silver prices] headed to $22, $23, and that would be
transformational for the silver industry,”
Blasutti told Kitco News on the sidelines of
the Vancouver Resource Investment Conference.


https://ih.advfn.com/stock-market/AMEX/americas-gold-and-silver-USAS/stock-news/81395190/americas-gold-and-silver-announces-initial-ore-pla

https://www.americas-gold.com/

https://www.americas-gold.com/operations/relief-canyon/construction-photos/

American Silver Corporation Corporate Presentation 2020,01,30

https://www.americas-gold.com/site/assets/files/5377/presentation20200130.pdf

https://www.americas-gold.com/investors/presentations/

[nbm16yankees]

So, just wondering if you have seen any updates to their PR from November 2019.

" Relief Canyon Update

On April 3, 2019, the Company's Board gave approval to commence construction of the mining and heap leaching facilities at Relief Canyon following the Pershing Gold Corporation ("Pershing Gold") acquisition. The capital cost to develop Relief Canyon to initial gold pour was estimated to be approximately $28 - $30 million with an additional $8 million in working capital required to achieve sustainable positive cash flow. Construction is proceeding well with preparation of the leach pad complete with approximately 3,200,000 square feet of liner installed. Overliner crushing is complete, and placement of the material is advancing well. The primary crusher and the crushed ore reclaim tunnel are installed. The overland conveyor installation is nearing completion with vulcanizing of the conveyor belt expected in the next two weeks. Initial ore placement is targeted for late November with solution application to begin shortly thereafter. The ADR plant is receiving its final upgrades including the installation of new mercury abatement equipment and a revamped electrowinning area. The Company continues to expect to achieve first gold pour from Relief Canyon in late Q4-2019. "

When should we be seeing those first pours?? Or did it happen already?
TIA

[nbm16yankees]

Great Interview


Thanks for the link. Looks like lots of good things to happen.
Good luck to all!

[NYBob]

Americas Gold and Si (USAS)
2.95 ? 0.11 (+3.87%)
Volume: 468,498 @01/31/20 7:59:36 PM EST
Bid Ask Day's Range
- - 2.78 - 2.98
USAS Detailed Quote

nbm16yankees welcome to USAS -
following mark #10 to you -
TIA -

Americas Featured on Kitco -


https://stream2.kitco.com/20_01_24_Blasutti_v2_liferay.mp4


Once silver prices rally to $23, what happens to the industry?
Jan 24, 2020


Guest(s): Darren Blasutti Americas Gold and Silver
Should silver prices rally to their fair value to above $20 an ounce,
a transformation would take place amongst silver miners,
this according to Darren Blasutti, CEO of Americas Gold & Silver.
“I could see [silver prices] headed to $22, $23, and that would be
transformational for the silver industry,”
Blasutti told Kitco News on the sidelines of
the Vancouver Resource Investment Conference.

In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[nbm16yankees]

Gold Closed on Friday at $1589.50

So what does that do to your numbers?
TIA

[Solarfuture]

Thank you for posting! Very interesting.And not really far away from our actual silver price...

[NYBob]

Americas Featured on Kitco -


https://stream2.kitco.com/20_01_24_Blasutti_v2_liferay.mp4


Once silver prices rally to $23, what happens to the industry?
Jan 24, 2020


Guest(s): Darren Blasutti Americas Gold and Silver
Should silver prices rally to their fair value to above $20 an ounce, a transformation would take place amongst silver miners, this according to Darren Blasutti, CEO of Americas Gold & Silver.
“I could see [silver prices] headed to $22, $23, and that would be transformational for the silver industry,” Blasutti told Kitco News on the sidelines of the Vancouver Resource Investment Conference.

[NYBob]

Americas Gold and Si (USAS)
2.8 ? 0.0 (0.00%)
Volume: 213,389 @01/23/20 12:31:21 PM EST
Bid Ask Day's Range
- - 2.7 - 2.83

[NYBob]

Americas Silver Corp (USA) (TSX:USA) RE:Gold at $1,457.50 -

Every $100 Dollar increase of the price of gold results in
$40 million higher NPV of Relief Canyon.

Looks like the company is currently trading at the current
NPV of Relief Canyon.

As a result USAS is very undervalued imo as it does not
take into account the other assets in their portfolio.

kukaman wrote: Here are some numbers from the FS of Relief Canyon.

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.

According to the CEO the mine life is already 7-8 years.

That means the mine life is already 25%-42% higher.

kukaman wrote: Lots of money to be made at Relief Canyon.

"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"

In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[NYBob]

A High-Growth, Low-Cost Precious Metals Company in North America -
Americas Gold and Silver Corp.
609 views•Nov 14, 2019

Cambridge House International Inc.
61.5K subscribers
Jack Perkins performs Investor Relations for Americas Gold and Silver Corp. (USA.TO), a leading Canadian-based precious metals producer with a strong operating platform in the Americas.

https://www.youtube.com/watch?v=hVEjxBltUN4&feature=youtu.be


In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

Happy New Year

[NYBob]

Americas Gold and Silver Announces Initial Ore Placement at Relief Canyon and Provides a Construction Update
by Canada NewsWire
Canada NewsWire

TORONTO, Dec. 19, 2019

Americas Gold and Silver Corporation (TSX: USA) (NYSE American:
USAS) ("Americas" or the "Company"), a growing North American precious
metals producer, provides a construction update on the Relief Canyon
gold project in Nevada.

The Relief Canyon project has advanced to its final stage of
construction with initial ore placement on the leach pads achieved
earlier today and first gold pour expected in the first half of January
2020.

The development continues on budget at a rapid pace and the Company
expects to bring the mine into commercial production
by late Q1/early Q2, 2020.

"Fiscal 2019 has been a pivotal year for the Company with the successful acquisition and execution of the Relief Canyon project, the ramp-up and optimization of the San Rafael mine in Mexico, and the announcement and commencement of the Galena Complex re-capitalization plan with Mr. Eric Sprott," said Americas Gold and Silver President and CEO, Darren Blasutti. "I'm extremely proud of our technical team, the Relief Canyon employees, and contractors who were able to get ore placed on the newly constructed leach pads, only seven months since the start of construction. Construction commenced in mid-May after closing the Pershing transaction and Sandstorm financings in April, and our team has worked diligently since then to achieve the Company's objectives. With the commencement of ore stacking, the Company is anticipating first gold production in the first half of January 2020 and commercial production by late Q1/early Q2, 2020."

Construction Update

In early December, Americas began actively mining ore at Relief Canyon. The mining contractor continues to deliver and assemble mobile equipment to meet the planned ramp-up in the mining rate, as required. Construction of the leach pads is effectively complete, including placement of the overliner. Commissioning of the 3,200-foot overland conveyor system and grasshopper conveyors is complete. The Company has begun crushing and stacking ore on the leach pads with over 70,000 tons of ore stockpiled and is waiting on expected ordinary course permits before the start of leaching.

The ADR processing plant at the Relief Canyon project has received and installed over 90% of the equipment necessary to refine and pour gold. Wet testing of the plant is in its final stages and the Company plans to test the carbon stripping circuit, including electrowinning, over the next two weeks.

The Company expects to see multi-year precious metals growth in 2020 and 2021 driven primarily from the Relief Canyon mine along with progressively increasing silver production from the San Rafael mine. With the closing of the acquisition of Relief Canyon, Americas increased its precious metal reserves by approximately 250% year-over-year and over 90% on a per share basis. The ramp-up of gold production at the Relief Canyon project is expected to advance the Company towards its anticipated 500% increase in precious metals production by 2021. The Company expects to release two-year forward production and cost guidance in early February 2020.

Exploration Plans

Americas has budgeted approximately $1.9 million for exploration at Relief Canyon in 2020. Exploration drilling will commence in the south and southwest areas of the pit with the goal of increasing resources by the end of 2020. The Relief Canyon deposit is geologically open on three sides and the Company controls a land package of approximately 11,700 hectares (~30,000 acres) in-and-around the mine site, of which only 20% has been explored to date. Additional exploration plans include field work on the larger land package to identify future satellite drill targets.

About Americas Gold and Silver Corporation

Americas Gold and Silver is a high-growth, low-cost, precious metals mining company with multiple assets in North America. It owns and operates the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas expectations, intentions, plans, assumptions and beliefs with respect to, among other things, the Company's construction, production, development plans and performance expectations at the Relief Canyon Mine, including the anticipated timing of production. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential', "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas, these risks and uncertainties include interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to develop, complete construction and operate the Relief Canyon Mine, and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations, social and political developments and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.

Cautionary Note to U.S. Investors:

The terms "proven and probable silver reserve", "silver resource", "measured silver resource", "indicated silver resource", and "inferred silver resource" used in the press release are mining terms used in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum Standards. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

While the terms "mineral resource", "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the Securities & Exchange Commission ("SEC"). Moreover, the definitions of proven and probable reserves used in NI 43-101 differ from the definitions in the United States Securities and Exchange Commission's Industry Guide 7. As such, information contained in the Company's disclosure concerning descriptions of mineralization, reserves and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to "inferred mineral resource" there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves.

Cision View original content:http://www.prnewswire.com/news-releases/americas-gold-and-silver-announces-initial-ore-placement-at-relief-canyon-and-provides-a-construction-update-300977988.html

SOURCE Americas Gold and Silver Corporation


View original content: http://www.newswire.ca/en/releases/archive/December2019/19/c9098.html

Darren Blasutti, President and CEO, Americas Gold and Silver Corporation, 416-848-9503Copyright CNW Group 2019

Canada Newswire
December 19, 2019 - 1:23 PM PST
Metals & Mining | Industrial Metals & Minerals | AMERICAS SILVER CORPORATION

Happy New Year

[Solarfuture]

Metals up! Looking forward to a nice green day! Merry Christmas to all!

[Solarfuture]

Merry Chrismas to all and a happy New Year 2020!I think we will see a nice development here next year! Metals should go higher and then we too...GLTA

[NYBob]

Americas Gold and Si (USAS)
2.97 ? 0.02 (0.68%)
Volume: 368,496 @12/12/19 6:30:00 PM EST
Bid Ask Day's Range
- - 2.86 - 3.04
USAS Detailed Quote )

all messages deleted by ihub -
maybe here ) some left -

Merry Christmas to all -

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152743254

[Solarfuture]

Interesting read! I think we'll see a nice move in metals next year. Interest rate down, many conflicts in the world, China, Brexit....

[Solarfuture]

Enough time in 2 Dollar land...time to go to 4....

[Solarfuture]

Best song!

[Solarfuture]

Silver and gold up again...best song?

[Solarfuture]

Not far away and we will start producing gold...should see a rising pps next time...

[Solarfuture]

Nice today!

[NYBob]

Presentation: Americas Gold and Silver Corporation - 121 Mining Investment New York Autumn 2019
224 views•Nov 12, 2019

121 Mining Investment Events
915 subscribers
Website: http://www.americas-gold.com
Primary ticker: TSX:USA; NYSE:USAS

https://www.youtube.com/watch?v=AElAP82yUbw

God Bless America

[Captainandy]

#USAS: ADDING AT THESE LEVELS...

[Solarfuture]

GLTY

[poop deck pappy]

Position opened at 2.70 / 300 shares.

[NYBob]

Americas Gold and Silver Corporation Reports Third Quarter 2019 Financial Results and Provides Relief Canyon Update
November 13, 2019 04:05 PM Eastern Standard Time
TORONTO--(BUSINESS WIRE)--

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS)
(“Americas” or the “Company”), a growing North American precious metals
producer, today reported consolidated financial and operational results
for the third quarter of 2019 and provides a construction update on the
Relief Canyon Mine.

“The Cosalá Operations continues to outperform our expectations.
A solid Recapitalization Plan with the necessary capital from Eric
Sprott provides a clear path forward to increase production with
reduced costs at the Galena Complex.”

Tweet this
This earnings release should be read in conjunction with the Company’s
Management’s Discussion and Analysis, Financial Statements and Notes to
Financial Statements for the corresponding period, which have been
posted on the Americas Gold and Silver Corporation SEDAR profile at
www.sedar.com , on its EDGAR profile at www.sec.gov, and are also
available on the Company’s website at
http://www.americas-gold.com .

All figures are in U.S. dollars unless otherwise noted.

Third Quarter Highlights

Revenue of $12.5 million and net loss of $8.8 million for the quarter or
($0.11) per share, an increase of $0.7 million in revenue and an
increase in net loss of $3.0 million compared to Q3-2018 due to lower
tonnage and grades at the Galena Complex and higher zinc treatment
charges at the Cosalá Operations.
Higher non-cash one-time items also increased the loss.

Relief Canyon Mine construction and costs are proceeding as expected
with leach pad liner installation complete, the crusher with framework
and crushed ore reclaim tunnel installed, the overland and grasshopper
conveyors nearing completion, and the ADR plant work proceeding on
schedule.

Americas entered into a joint venture agreement with
Mr. Eric Sprott (“Mr. Sprott”) effective October 1, 2019 for a 40%
non-controlling interest of the Company’s Galena Complex with initial
contribution up to $20 million to fund capital improvements and
operations.

The goal of the joint venture agreement is to position
the Galena Complex to significantly grow resources, increase
production, and reduce operating costs at the mine over the next two
years (the “Recapitalization Plan”).

Previously reported third quarter consolidated silver production of
approximately 1.3 million silver equivalent ounces1 and 0.3 million
silver ounces, representing decreases of 5% and 7% year-over-year to
both silver equivalent ounces and silver ounces, respectively.

Previously reported third quarter consolidated cash costs2 of $12.83 per
silver ounce and all-in sustaining costs2 (“AISC”) of $23.01 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 by-
product prices for lead and expected lower production at the Galena
Complex in preparation for the Recapitalization Plan.
For the three quarters ended 2019, consolidated silver production of
approximately 4.8 million silver equivalent ounces and 1.0 million
silver ounces at consolidated cash costs of approximately $6.26 per
silver ounce and consolidated AISC of approximately $14.11 per silver
ounce.

The Company closed a non-brokered private placement with
Mr. Sprott for gross proceeds of $10 million in July 2019.

The Company had a cash balance of $6.5 million and had drawn
$10 million of the available $25 million of the Sandstorm metals
delivery agreement as of September 30, 2019.

“As we approach the end of 2019, the Company remains on-track to deliver
first gold pour before year end at Relief Canyon, on time and on
budget,” said Americas President & CEO Darren Blasutti.

“The Cosalá Operations continues to outperform our expectations.
A solid Recapitalization Plan with the necessary capital from
Eric Sprott provides a clear path forward to increase
production with reduced costs at the Galena Complex.”

Relief Canyon Update

On April 3, 2019, the Company’s Board gave approval to commence
construction of the mining and heap leaching facilities at
Relief Canyon following the Pershing Gold Corporation
(“Pershing Gold”) acquisition.
The capital cost to develop Relief Canyon to initial gold pour was
estimated to be approximately $28 - $30 million with an
additional $8 million in working capital required to achieve
sustainable positive cash flow.
Construction is proceeding well with preparation of the leach pad
complete with approximately 3,200,000 square feet of liner installed.

Overliner crushing is complete, and placement of the material is
advancing well.
The primary crusher and the crushed ore reclaim tunnel are installed.
The overland conveyor installation is nearing completion with
vulcanizing of the conveyor belt expected in the next two weeks.
Initial ore placement is targeted for late November with solution
application to begin shortly thereafter.
The ADR plant is receiving its final upgrades including the
installation of new mercury abatement equipment and a revamped
electrowinning area.
The Company continues to expect to achieve
first gold pour from Relief Canyon in late Q4-2019.

Consolidated Results

Consolidated Financial, Production and Cost Detail



Q3 2019

Q3 2018

Revenues ($M)

$12.5

$11.8

Net Loss ($M)

$(8.8)

$(5.8)

Comprehensive Loss ($M)

$(8.7)

$(5.8)

Total ore processed (tonnes milled)

180,582

170,379

Silver produced (ounces)

299,421

323,497

Zinc produced (pounds)

10,103,688

7,906,601

Lead produced (pounds)

6,766,804

7,536,660

Silver equivalent produced1 (ounces)

1,338,568

1,410,909

Silver recovery (percent)

74.6

76.2

Silver grade (grams per tonne)

69

77

Zinc grade (percent)

3.76

3.44

Lead grade (percent)

2.11

2.44

Silver sold (ounces)

307,196

309,672

Zinc sold (pounds)

9,756,925

7,813,957

Lead sold (pounds)

6,957,781

7,194,207

Realized Silver Price ($ per ounce)

$17.10

$14.73

Realized Zinc Price ($ per pound)

$1.16

$1.14

Realized Lead Price ($ per pound)

$0.92

$0.94

Cost of sales ($ per equivalent silver ounce)

$10.80

$9.08

Silver cash cost2 ($ per silver ounce)

$12.83

$4.95

All-in sustaining cost2 ($ per silver ounce)

$23.01

$15.94

The Company’s San Rafael mine in Mexico continued to have another successful quarter for Q3-2019 as silver, zinc and lead production increased by 26%, 28%, and 32%, respectively compared to Q3-2018. The strong results at the Cosalá Operations were driven by sustained improvements in head grade of both silver and by-product metals, mill throughput, and metal recovery to concentrate as mining and milling completed the operational ramp-up in 2019 after declaring commercial production in December 2017. San Rafael increased tonnage by 14% and sustained an average milling rate of approximately 1,660 tonnes per operating day during the quarter. Silver grade and recovery rates both increased by approximately 5% and 6%, respectively, with by-product grades and recoveries also increasing. Despite the strong performance at the Cosalá Operations, consolidated silver equivalent production and silver production both decreased by 5% and 7% year-over-year, respectively, due to lower tonnage, and silver and lead grades at the Galena Complex resulting from poor equipment availability and a focus on development over production during the period.

Consolidated gross revenue increased by $4.6 million due to increased production of all metals at the Cosalá Operations coupled with higher silver and zinc realized prices, despite reductions in lead prices between the periods. This increase was partially offset by significant increases in treatment on zinc concentrates ($3.2 million) with average spot treatment charges increasing from approximately $80/tonne to over $235/tonne year-over-year. The increase in revenues was also offset by $0.6 million in decreased silver and lead revenue at the Galena Complex.

On September 9, 2019, the Company entered into a joint venture agreement with Mr. Sprott effective October 1, 2019 for a 40% non-controlling interest in the Company’s Galena Complex. The Recapitalization Plan will allow the Company to advance development, modernize infrastructure, purchase new mining equipment and target exploration potential away from current operating areas. The Company intends to suspend further disclosure of certain operational metrics such as production, cash cost and all-in sustaining cost for the Galena Complex until the Recapitalization Plan is substantially completed, estimated to be by the end of fiscal 2021.

The Company’s profitability was negatively impacted in Q3-2019 by the lower tonnage and grades at the Galena Complex without a decrease in costs, the noted higher zinc treatment charges, higher cost of sales primarily at the Cosalá Operations due to higher tonnage mined and milled, and higher depletion and amortization due to higher production, offset by the previously noted higher gross revenues. Consolidated cash costs increased during the period primarily due to higher industry-wide zinc treatment charges, and lower production and lower silver and lead grades at the Galena Complex.

Further information concerning the consolidated and individual mine operations is included in the Company’s third quarter Condensed Interim Consolidated Financial Statements for the nine months ended September 30, 2019 and Management’s Discussion and Analysis for the nine months ended September 30, 2019.

Q3-2019 Earnings Conference Call

President & CEO Darren Blasutti will be hosting a Q3-2019 earnings conference call on Wednesday, November 13th, 2019 at 4:30pm EST. A copy of the presentation will be made available on the company’s website at www.americas-gold.com.

Step 1: Dial-In
Canada and USA Toll-Free 1-800-917-9985
International Toll Number [phone]

Step 2: Online Login
https://cc.callinfo.com/r/1ms0vzspva2au&eom

Callers are advised to dial-in 10-15 minutes prior to the call. As there is no audio on the participant URL, please dial-in to follow along with the presentation.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth, low-cost, precious metals mining company with multiple assets in North America. The Company expects to begin producing gold in the fourth quarter of 2019 at its fully funded Relief Canyon Project in Nevada, USA, which is currently in construction. It owns and operates the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com

Cautionary Statement on Forward-Looking Information:

This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas expectations, intentions, plans, assumptions and beliefs with respect to, among other things, the Company’s financing efforts and the expected results from the Recapitalization Plan and the joint venture; future development plans at the Galena Complex; exploration, production and cost performance at the Cosalá Operations and the Galena Complex; construction, production, development plans and performance expectations at the Relief Canyon Mine, including the anticipated timing of production. Often, but not always, forward-looking information can be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intend”, “potential’, “estimate”, “may”, “assume” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas, these risks and uncertainties include interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to develop, complete construction and operate the Relief Canyon Mine; the ability of the joint venture to further fund, improve and operate the Galena Complex, and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations, social and political developments and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.

Cautionary Note to U.S. Investors:

The terms “proven and probable silver reserve”, “silver resource”, “measured silver resource”, “indicated silver resource”, and “inferred silver resource” used in the press release are mining terms used in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum Standards. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

While the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”, and “inferred mineral resource” are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the Securities & Exchange Commission (“SEC”). Moreover, the definitions of proven and probable reserves used in NI 43-101 differ from the definitions in the United States Securities and Exchange Commission's Industry Guide 7. As such, information contained in the Company's disclosure concerning descriptions of mineralization, reserves and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to “inferred mineral resource” there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves.

1 Silver equivalent production throughout this press release was calculated based on silver, zinc, and lead realized prices during each respective period.
2 Cash cost per ounce and all-in sustaining cost per ounce are non-IFRS performance measures with no standardized definition. For further information and detailed reconciliations, please refer to the Company’s 2018 year-end and quarterly MD&A.



Contacts
Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416-848-9503

[Montanore]

Nope--gold and silver getting the stuffing beat out of the again by the central bankers. Paper still covers rock.

[NYBob]

Americas Gold and Silver Provides a Relief Canyon Construction Update and Reports Third Quarter Production Results
T.USA |
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, provides a construction update on the Relief Canyon gold mine in Nevada.
The Company also reports Q3, 2019 production and operating cost results on a consolidated and individual basis for its Cosalá Operations in Mexico and Galena Complex in Idaho. All figures are in U.S. dollars.

Third Quarter Highlights

Consolidated silver production of approximately 1.3 million silver equivalent1 ounces and 300,000 silver ounces, representing a decrease of 7% and 5%, respectively, compared to Q3, 2018.
Consolidated cash costs2 were approximately $12.83 per silver ounce and consolidated all-in sustaining costs (“AISC”) were approximately $23.01 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 by-product prices and expected lower production at the Galena Complex in preparation for the re-capitalization plan.
The Relief Canyon mine development continues on budget and on time for first gold pour before the end of the year. Construction continues at a rapid pace and the Company remains fully funded to bring the Relief Canyon Mine into commercial production by the end of Q1, 2020.
Milled tonnage at the Cosalá Operations increased by 14% year-over-year resulting in production of approximately 1.0 million silver equivalent ounces, including approximately 129,000 silver ounces. Cash costs were approximately negative ($10.82) per silver ounce representing an increase of 41% when compared to prior quarter, and AISC were approximately negative ($1.49) per silver ounce, an 87% increase when compared to the prior quarter, largely due to lower by-product metal prices and higher treatment and refining charges.
On September 9, 2019, Americas announced a strategic joint venture agreement (the “Agreement”) with Mr. Eric Sprott to recapitalize the mining operations at the Galena Complex, effective October 1, 2019. The goal of the Agreement is to position the Galena Complex to significantly grow reserves and resources, and increase production while reducing operating costs at the mine over the next two years.
Gold equivalent reserves (including silver reserves) increased approximately 250% and increased by 90% on a per share basis year-over-year, including an additional 653,000 gold ounces and 11.5 million silver ounces, respectively.
“The third quarter was a busy and successful period for the Company. The Cosalá Operations continued its strong operational performance generating free cash flow, Relief Canyon construction significantly advanced toward first gold production this year and the Company increased its precious metal reserves by approximately 250% year over year,” said Americas President and CEO Darren Blasutti. “Furthermore, our creative transaction to joint venture the Galena Complex with Eric Sprott allowed us to couple Galena’s significant silver leverage with the necessary capital to grow silver reserves, increase silver production and reduce operating costs into a rising silver market over the next two years for the benefit of our shareholders.”

Relief Canyon Update

Re-development of the Relief Canyon open pit is advancing to support a smooth ramp-up in material movement. Efforts have focussed on pioneering of the ultimate high wall and initial waste movement from the pit area. Construction continues at a rapid pace as the Company prepares to pour gold before the end of the year. Leach pad construction is approximately 90% complete with approximately 3,000,000 square feet of liner now installed. Overliner crushing is complete and placement of the material is advancing with the liner deployment. The primary crusher has been set on its concrete pad and installation is progressing in parallel with that of the crushed ore reclaim tunnel and overland conveyor. All grasshopper conveyors have been delivered.

Initial ore placement is targeted for mid-November with solution application to begin shortly thereafter. The ADR plant is receiving its final upgrades including the installation of new mercury abatement equipment and a revamped electrowinning area. First gold pour is expected prior to year end with commercial production anticipated by the end of Q1, 2020.

Further information on the Relief Canyon development will be made available periodically on the Company’s website as construction progresses at www.americas-gold.com.

Strategic Joint Venture with Mr. Eric Sprott at the Galena Complex

Due to low silver prices and limited funding available from the capital markets for silver operational improvements since 2012, Americas has spent minimal funds at the Galena Complex to replace worn equipment, update aging infrastructure, complete stope development, and exploration drilling. In 2017 and 2018, the Company focused available capital on developing the San Rafael mine in Mexico which has become a significant free cash flow generating asset. Americas is currently allocating all of its available capital to re-start the Relief Canyon mine in Nevada, which is scheduled to begin producing gold in late Q4, 2019.

As a result, the Company announced a strategic joint venture agreement with Mr. Eric Sprott on September 9, 2019 to recapitalize the mining operations at the Galena Complex. The goal of the joint venture is to position the Galena Complex to significantly grow reserves and resources, increase production and reduce operating costs at the mine over the next two years. The strategic 60/40 joint venture will allow Americas to advance development, modernize infrastructure, purchase new mining equipment and target exploration potential away from current operating areas. Effective October 1, 2019, Mr. Sprott initially invested US$15 million to fund capital improvements and committed another $5M to fund operations for the first year to earn a 40% interest in the Galena Complex. Americas will invest an additional US$5 million to fund further capital improvements in late 2020. After the first year of operations under the Agreement, the parties will revert to their percentage ownership interests to fund capital projects and operations as required. Oversight of the joint venture will consist of two nominees from Americas and one nominee from Mr. Sprott. Americas will continue to manage the day-to-day operations so long as it retains an interest in the joint venture. Further guidance on the capital projects, operational funding and timing will be provided in the new year after the approval of annual budgets by the Oversight Committee. Americas intends to suspend further disclosure of certain operational metrics such as production, cash cost, and AISC for the Galena Complex until the recapitalization plan is substantially completed, estimated to be by the end of fiscal 2021.

As a result of the 40% divestment and lower silver production from the Galena Mine, the Company will be unable to make full year silver production guidance but is expected to make the lower end of silver equivalent production and cash cost ranges.

Consolidated Third Quarter Production Details

Consolidated silver production for the third quarter of 2019 was approximately 300,000 ounces and silver equivalent production was approximately 1.3 million ounces, a decrease of 13% and 20% year-over-year respectively. Consolidated cash costs increased 55% to $12.83 per silver ounce and AISC increased 42% to $23.01 per silver ounce, compared to the previous quarter. Consolidated zinc production increased by 28% year-over-year, while consolidated lead production decreased slightly by 7% compared to the previous quarter due to low throughput and grades at the Galena Complex.

Table 1

Consolidated Production Highlights



Q3 2019

Q3 2018

Change

Q2 2019

Change

Processed Ore (tonnes milled)

180,582

170,379

6%

186,310

-3%

Silver Production (ounces)

299,421

323,497

-7%

345,695

-13%

Silver Equivalent Production (ounces) 1

1,338,568

1,410,909

-5%

1,683,358

-20%

Silver Grade (grams per tonne)

69

77

-11%

76

-9%

Cost of Sales ($ per equiv. ounce silver)1

$11.06

$9.08

22%

$8.75

26%

Cash Costs ($ per ounce silver)2

$12.83

$4.95

159%

$8.28

55%

All-in Sustaining Costs ($ per ounce silver)2

$23.01

$15.94

44%

$16.15

42%

Zinc Production (pounds)

10,103,688

7,906,601

28%

11,150,174

-9%

Lead Production (pounds)

6,766,804

7,536,660

-10%

7,237,607

-7%

Cosalá Operations Production Details

The Cosalá Operations produced 128,779 ounces of silver during the third quarter of 2019 and 1.0 million ounces of silver equivalent during the same period at cash costs of negative ($10.82) per silver ounce and AISC of negative ($1.49) per silver ounce. Silver production increased by 26% while silver equivalent production increased by 13% over the prior year. Cash costs and AISC decreased by 41% and 87%, respectively, compared to Q2, 2019, due to lower base metal prices despite significant increases in zinc and lead production year-over-year.

Table 2

Cosalá Operations Highlights



Q3 2019

Q3 2018

Change

Q2 2019

Change

Processed Ore (tonnes milled)

151,248

132,902

14%

156,998

-4%

Silver Production (ounces)

128,779

102,521

26%

145,410

-11%

Silver Equivalent Production (ounces) 1

1,003,318

888,342

13%

1,300,009

-23%

Silver Grade (grams per tonne)

46

44

5%

49

-6%

Cost of Sales ($ per equiv. ounce silver)1

$8.07

$6.85

18%

$5.51

47%

Cash Costs ($ per ounce silver) 2

-$10.82

-$22.42

-52%

-$18.27

-41%

All-in Sustaining Costs ($ per ounce silver)2

-$1.49

-$0.67

121%

-$11.66

-87%

Zinc Production (pounds)

10,103,688

7,906,601

28%

11,150,174

-9%

Lead Production (pounds)

3,717,980

2,815,885

32%

4,052,559

-8%

Strong results were driven at San Rafael by sustained improvements in grade, mill throughput and metal recovery as mining and milling operations generally expanded in Q3, 2019 compared to Q3, 2018. Ore production from the Main Zone benefited from additional working headings providing greater operational flexibility.

Silver and lead grades in Q3, 2019 were lower compared to Q2, 2019 with steady zinc grades. Lower tons were produced in Q3, 2019 as a result of normal weather-related power outage during the rainy season.

Development of the incline ramp toward the Upper Zone is now over 85% complete. Access to the area will occur prior to the end of the year leading to significantly increased silver grades by Q4, 2020.

Galena Complex Production Details

The Galena Complex produced 170,642 ounces of silver during Q3, 2019 and 335,250 ounces of silver equivalent at cash costs of $30.68 per silver ounce and AISC of $41.50 per silver ounce. Silver and silver equivalent production decreased by 15% and 13%, respectively, compared to the prior quarter. Cash costs represented an increase of 11% and AISC, an increase of 14% due to the noted lower production and lower lead prices during the quarter. Performance was hampered by poor mobile equipment availability and the ongoing need to advance development for future benefit.

Table 3

Galena Complex Highlights



Q3 2019

Q3 2018

Change

Q2 2019

Change

Processed Ore (tonnes milled)

29,334

37,477

-22%

29,312

0%

Silver Production (ounces)

170,642

220,976

-23%

200,285

-15%

Silver Equivalent Production (ounces) 1

335,250

522,567

-36%

383,349

-13%

Silver Grade (grams per tonne)

187

195

-4%

220

-15%

Cost of Sales ($ per equiv. ounce silver) 1

$19.98

$12.87

55%

$19.75

1%

Cash Costs ($ per ounce silver) 2

$30.68

$17.65

74%

$27.55

11%

All-in Sustaining Costs ($ per ounce silver) 2

$41.50

$23.65

75%

$36.35

14%

Lead Production (pounds)

3,048,824

4,720,775

-35%

3,185,048

-4%

About Americas Gold and Silver Corporation

Americas Gold and Silver is a high-growth, low-cost, precious metals mining company with multiple assets in North America. The Company expects to begin producing gold in the fourth quarter of 2019 at its fully funded Relief Canyon Project in Nevada, USA, which is currently in construction. It owns and operates the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com

Cautionary Statement on Forward-Looking Information:

This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas expectations, intentions, plans, assumptions and beliefs with respect to, among other things, the Company’s financing efforts and the expected results from the Agreement and the joint venture; future development plans at the Galena Complex; exploration, production and cost performance at the Cosalá Operations and the Galena Complex; construction, production, development plans and performance expectations at the Relief Canyon Mine, including the anticipated timing of production. Often, but not always, forward-looking information can be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intend”, “potential’, “estimate”, “may”, “assume” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas, these risks and uncertainties include interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the mining industry; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to develop, complete construction and operate the Relief Canyon Mine; the ability of the joint venture to further fund, improve and operate the Galena Complex, and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations, social and political developments and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward-looking information is available in Americas filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward-looking information concerning Americas are expressly qualified in their entirety by the cautionary statements above.

Cautionary Note to U.S. Investors:

The terms “proven and probable silver reserve”, “silver resource”, “measured silver resource”, “indicated silver resource”, and “inferred silver resource” used in the press release are mining terms used in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum Standards. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

While the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”, and “inferred mineral resource” are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the Securities & Exchange Commission (“SEC”). Moreover, the definitions of proven and probable reserves used in NI 43-101 differ from the definitions in the United States Securities and Exchange Commission's Industry Guide 7. As such, information contained in the Company's disclosure concerning descriptions of mineralization, reserves and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to “inferred mineral resource” there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves.

1 Silver equivalent production throughout this press release was calculated based on silver, zinc, and lead realized prices during each respective period.

2 Cash cost per ounce and all-in sustaining cost per ounce are non-IFRS performance measures with no standardized definition. For further information and detailed reconciliations, please refer to the Company’s 2018 year-end and quarterly MD&A.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20191101005171/en/

Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416-848-9503

November 1, 2019 - 4:00 AM PDT
Tags: INDUSTRIAL METALS & MINERALS

Read more at https://stockhouse.com/news/press-releases/2019/11/01/americas-gold-and-silver-provides-a-relief-canyon-construction-update-and#hZTqv45LsmykHIzk.99

[Solarfuture]

https://www.americas-gold.com/news-releases/2019/americas-gold-and-silver-provides-a-relief-canyon-construction-update-and-reports-third-quarter-production-results/