Americas Gold and Silver Corp (USAS)

[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/



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Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

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Ps.
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