RE: I remember talking to the company representative over the phone many years ago when it was trading under an obscure symbol--I've already forgotten what it was! I think it started with a U.
Now it's going to the big time!
time going fast My Friend - its 9 yrss ago - to me is like a few days ago :-)) -
Montanore Member Level Thursday, 04/10/08 10:44:22 PM Re: None Post # 1 of 17222 Go Headquarters: Wallace, Idaho
Basic Common Shares: 211,196 mm Fully-Diluted Common Shares: 250,056 mm Fully-Diluted market Cap: C$200.0 mm Debt: C$0 Cash & Equivalents: C$23 mm Fully Diluted Cash C$58,360,000 Enterprise Value: C$190.1 mm
Americas Silver Corporation ("ASC") - Premier Gold Enters into Option Agreement to Acquire Project near Mercedes Mine > to acquire an option to purchase a 100% interest in the San Felipe Property, located 55 kilometres from the Company's Mercedes Mine in Sonora State, Mexico. Hochschild plc is the underlying owner of the San Felipe Property.
Premier Gold Enters into Option Agreement to Acquire Project near Mercedes Mine News Provided by PR Newswire2019-04-0345 Views FacebookTweetLinkedInGoogle +RedditDiggVKontakteFlipboardEmailShareThis Premier Gold Enters into Option Agreement to Acquire Project near Mercedes Mine
THUNDER BAY, ON, April 3, 2019 /CNW/ - Premier Gold Mines Limited ("Premier" or "the Company") (TSX:PG) is pleased to announce that it has entered into an option acquisition agreement with Americas Silver Corporation ("ASC") to acquire an option to purchase a 100% interest in the San Felipe Property, located 55 kilometres from the Company's Mercedes Mine in Sonora State, Mexico. Hochschild plc is the underlying owner of the San Felipe Property.
Premier Gold Mines Limited (CNW Group/Premier Gold Mines Limited)
The San Felipe Property consists of several claim groups that comprise 16,265 ha with several poly-metallic zones that hosts a high-grade historic mineral resource and has potential for future discoveries.
The Company plans to assess potential development options which may include: 1) Adding a parallel floatation circuit at Mercedes to increase annual output in the near-term; 2) Building a stand-alone mill at San Felipe; 3) Bringing San Felipe into development at the end of the Mercedes mine-life and processing mineralized material at the existing complex.
Ewan Downie, President and CEO stated "San Felipe represents a strategic asset, adding resources and providing a near-term development opportunity in close proximity to an existing operation. We will assess options to bring San Felipe to production to complement existing production in Mexico".
An Environmental Impact Statement (MIA) will be transferred to Premier upon closing which should allow for a shortened timeline to production. San Felipe is partially developed with an existing ramp and several mining related facilities already constructed on-site. With 69,000 metres of drilling on the property and several existing deposits open for expansion, the Company believes that there is potential for new discoveries and increased mineral resources at San Felipe.
As consideration, Premier will pay America's Silver US$7.0 Million on closing, and make additional payments of US$1.9 Million upon the making of a positive construction decision and then upon achieving commercial production. Premier will also make eight quarterly payments of US$750,000 to Hochschild pursuant to the underlying option agreement. There is no royalty payable on the property. Completion of this transaction is subject to customary closing conditions for a transaction of this nature.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43–101. Premier has not completed sufficient work to validate the mineral resources estimate as current and it should not be relied upon. Premier is not treating the above mineral resource estimate as current mineral resources. For a complete description of sample preparation, analytical methods and QA/QC procedures please refer to the technical report associated with the above mineral resource estimate titled" TECHNICAL REPORT AND RESOURCE ESTIMATED FOR THE SAN FELIPE PROJECT, SONORA, MEXICO" and dated May 3, 2018 located at www.sedar.com.
Premier Gold Mines Limited is a gold-producer with a respected exploration and development pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States, and Mexico.
This Press Release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, including future operations, future work programs, capital expenditures, discovery and production of minerals, price of gold and currency exchange rates, timing of geological reports and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks inherent to the mining industry, adverse economic and market developments and the risks identified in Premier's annual information form under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Premier disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
The Company believes that the potential for new discoveries and increased mineral reserves at the San Felipe property is high.
GOLD and Silver is Father GOD'S Money! by Robert Kiyosaki says -
God made gold and silver. Man made paper to replace gold and silver as money. Throughout the history of mankind ALL paper currencies have failed. It's an inevitable consequence of paper lacking intrinsic value of gold and silver... simple. Propaganda to the contrary is an attempt to deceive people out of their money, their value, the fruits of their labor, their life savings, their future as independent people living comfortably as a result of hard work and planning for retirement their entire adult lives. All of this is at risk for anyone trusting in paper or electronic currency, which are only substitutes for the real money, God's money, gold and silver.
Consider Americas Silver Corp For Next Silver Bull Market Relief Canyon gold project in Nevada and grey metal price are the two main catalysts - July 23, 2019 | About: USAS +0% TSX:USA +0%
Thanks to supporting fundamentals and the perception that many participants have about silver joining gold into a bull market, we will witness a 12 months period of sustained increases in the prices of the grey metal according to what TD Securities’ analyst Melek told Kitco News on Monday.
AMERICAS SILVER CORPORATION ANNOUNCES US$10 MILLION INVESTMENT BY ERIC SPROTT TORONTO, ONTARIO - July 19, 2019 -
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce that Eric Sprott has agreed to purchase 3,955,454 common shares of the Company - for a total investment of approximately US$10 million in a non-brokered private placement the (“Private Placement”).
The Company also announces today that the agreement to sell the Company’s option on the San Felipe project in Sonora, Mexico (“San Felipe”) to a subsidiary of Premier Gold Mines Limited (“Premier”) has been terminated in accordance with its terms.
“We are very excited to have Eric Sprott materially increase his ownership to above 8% and continue to support the Company as a major shareholder,” said Darren Blasutti, President & CEO of Americas Silver. “We are also pleased to have retained the significant upside in the San Felipe silver-zinc project for our shareholders.”
The Private Placement is expected to close in due course and is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE American. The common shares to be issued under the Private Placement will have a hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws. Medalist Capital Ltd. acted as an advisor on the Private Placement.
About Americas Silver Corporation
Americas Silver is a precious metal mining company focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA. 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. For further information, please see SEDAR or http://americassilvercorp.com
For more information: Darren Blasutti President and CEO Americas Silver Corporation 416-848-9503
AMERICAS SILVER CORPORATION CLOSES US$10M PRIVATE PLACEMENT WITH MR. ERIC SPROTT TORONTO, ONTARIO - July 26, 2019 -
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the closing of its non-brokered private placement with Mr. Eric Sprott, announced in the news release dated July 19, 2019. The Company raised gross proceeds of US$10 Million through the issuance of 3,955,454 common shares priced at CDN$3.30 per share.
As at July 26, 2019, there are 82,487,633 common shares and 3,678,135 preferred shares with 5,928,500 options and 5,087,014 warrants of the Company issued and outstanding.
About Americas Silver Corporation
Americas Silver is a precious metal mining company focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA. 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. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or http://www.americassilvercorp.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 Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, the Company’s construction, production, and development plans at the Relief Canyon Project and performance expectations for the Relief Canyon Project and impact on Americas Silver’s financial performance; and the estimated construction timeline and costs for the Relief Canyon Project. 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 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 to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Silver, these risks and uncertainties include the ability to develop, complete construction and operate the Relief Canyon Project; 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 Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC, this information, except as required by law. Americas Silver does not give any assurance (1) that Americas Silver will achieve its expectations, or (2) concerning the result or timing thereof.
For more information: Darren Blasutti President and CEO Americas Silver Corporation 416-848-9503
AMERICAS SILVER CORPORATION CLOSES US$10M PRIVATE PLACEMENT WITH MR. ERIC SPROTT TORONTO, ONTARIO - July 26, 2019 -
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the closing of its non-brokered private placement with Mr. Eric Sprott, announced in the news release dated July 19, 2019. The Company raised gross proceeds of US$10 Million through the issuance of 3,955,454 common shares priced at CDN$3.30 per share.
As at July 26, 2019, there are 82,487,633 common shares and 3,678,135 preferred shares with 5,928,500 options and 5,087,014 warrants of the Company issued and outstanding.
About Americas Silver Corporation
Americas Silver is a precious metal mining company focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA. 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. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or
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 Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, the Company’s construction, production, and development plans at the Relief Canyon Project and performance expectations for the Relief Canyon Project and impact on Americas Silver’s financial performance; and the estimated construction timeline and costs for the Relief Canyon Project. 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 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 to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Silver, these risks and uncertainties include the ability to develop, complete construction and operate the Relief Canyon Project; 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 Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC, this information, except as required by law. Americas Silver does not give any assurance (1) that Americas Silver will achieve its expectations, or (2) concerning the result or timing thereof.
For more information: Darren Blasutti President and CEO Americas Silver Corporation 416-848-9503
AMERICAS SILVER CORPORATION CLOSES US$10M PRIVATE PLACEMENT WITH MR. ERIC SPROTT TORONTO, ONTARIO - July 26, 2019 -
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the closing of its non-brokered private placement with Mr. Eric Sprott, announced in the news release dated July 19, 2019. The Company raised gross proceeds of US$10 Million through the issuance of 3,955,454 common shares priced at CDN$3.30 per share.
As at July 26, 2019, there are 82,487,633 common shares and 3,678,135 preferred shares with 5,928,500 options and 5,087,014 warrants of the Company issued and outstanding.
About Americas Silver Corporation
Americas Silver is a precious metal mining company focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA. 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. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or
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 Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, the Company’s construction, production, and development plans at the Relief Canyon Project and performance expectations for the Relief Canyon Project and impact on Americas Silver’s financial performance; and the estimated construction timeline and costs for the Relief Canyon Project. 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 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 to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Silver, these risks and uncertainties include the ability to develop, complete construction and operate the Relief Canyon Project; 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 Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC, this information, except as required by law. Americas Silver does not give any assurance (1) that Americas Silver will achieve its expectations, or (2) concerning the result or timing thereof.
For more information: Darren Blasutti President and CEO Americas Silver Corporation 416-848-9503
Americas Gold and Silver Announces Strategic Joint Venture With Mr. Eric Sprott at the Galena Complex T.USA |
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, today announces a strategic joint venture agreement (the “Agreement”) with Mr. Eric Sprott to recapitalize the mining operations at the Galena Complex, located in the Silver Valley of Northwest Idaho.
The strategic joint venture – expected to be 60/40 Americas/Sprott respectively – will allow Americas to increase development, modernize infrastructure, purchase new mining equipment, and target exploration below current operating areas with the goal of positioning the Galena Complex to significantly increase resources, production, and reduce operating costs at the mine over the next two years. Effective October 1, 2019, Mr. Sprott through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, will initially commit up to US$20 million to fund capital improvements and operations for the first year to earn a 40 percent interest in the Company’s Galena Complex. Americas will invest an additional US$5 million to fund further capital improvements in 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 in proportion to those interests. Oversight of the joint venture will consist of 2 nominees from Americas and 1 nominee by Mr. Sprott. Americas will continue to manage the day-to-day operations so long as it retains an interest in the joint venture. “We are thrilled to partner with Eric Sprott on this joint venture. He is already the single largest shareholder in Americas; with this new venture, we are further solidifying our relationship with him”, said Darren Blasutti, President and CEO of Americas Gold and Silver. “We look forward to putting his significant investment into developing the Galena Complex to benefit all our stakeholders in the coming months and transforming the Galena Complex into a leading US-based, profitable silver producer.”
Due to low silver prices and limited capital 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, stope development, and exploration. Americas is currently allocating all its available capital to re-start the Relief Canyon mine in Nevada, which is scheduled to begin producing gold in late Q4, 2019. The Relief Canyon mine is targeted to increase the Company’s precious metal production by approximately 500% by 2021. In 2017 and 2018, the Company focused available capital on developing the San Rafael mine in Mexico which this year became a significant free-cash flow generating asset.
The Galena Complex possesses significant operational optionality and leverage to silver prices. The mine has between 1,250 and 1,500 tons of daily milling capacity though it is currently processing only 500 tons per day, five days a week. It produces between 0.8 M to 1.0 M silver ounces annually at high costs as a result of lower throughput, reduced operational flexibility and old equipment. The current proven and probable silver reserve includes 12.4 million ounces, a further measured and indicated silver resource of 27.4 million ounces and an inferred silver resource of approximately 39.0 million ounces (exclusive of lead and copper resources). Though this operational base is a strong starting point for comparable silver mines, a capital redevelopment of the asset is required to best exploit the existing resources, improve operational performance, and capitalize on expected higher silver prices. Further, Americas and Mr. Sprott believe there are substantially more silver resources to be discovered at better grades along extensions of existing veins and at depth.
Americas believes that the significant investment and joint venture announced today with Mr. Sprott will allow the parties to develop the Galena Complex into a long-term, profitable mine, including to take full advantage of the recent move in silver price. The Company needed an outside partner who not only shared the same vision for the current upside and leverage embedded at the Galena Complex but was willing to commit capital to systematically explore for deeper level, high-grade targets that may transform the mine into an important silver producer in the medium to long-term. Further, with the only operating mine in the Silver Valley, the joint venture will be well-positioned to take advantage of any consolidation opportunities which may evolve in the District.
Other material provisions of the Agreement include (i) standard dilution if a party does not contribute its proportionate share of costs; (ii) penalty dilution if a party defaults in contributing its share of costs; (iii) a party’s interest in the joint venture is converted to a 5% net proceeds interest if that party’s percentage interest falls below 10%; and (iv) each party has a pre-emptive right to acquire the other party’s interest should that party desire to sell its interest in the joint venture.
Medalist Capital Ltd acted as financial advisor to both parties with respect to the transaction.
For further technical information on the Galena Complex please see the applicable NI 43-101 Technical Report available at www.sedar.com and the Company’s website at www.americas-gold.com.
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 the 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 America’s 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 America’s 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.
AMERICAS SILVER CORPORATION CLOSES US$10M PRIVATE PLACEMENT WITH MR. ERIC SPROTT TORONTO, ONTARIO - July 26, 2019 -
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the closing of its non-brokered private placement with Mr. Eric Sprott, announced in the news release dated July 19, 2019. The Company raised gross proceeds of US$10 Million through the issuance of 3,955,454 common shares priced at CDN$3.30 per share.
As at July 26, 2019, there are 82,487,633 common shares and 3,678,135 preferred shares with 5,928,500 options and 5,087,014 warrants of the Company issued and outstanding.
About Americas Silver Corporation
Americas Silver is a precious metal mining company focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA. 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. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or
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 Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, the Company’s construction, production, and development plans at the Relief Canyon Project and performance expectations for the Relief Canyon Project and impact on Americas Silver’s financial performance; and the estimated construction timeline and costs for the Relief Canyon Project. 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 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 to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Silver, these risks and uncertainties include the ability to develop, complete construction and operate the Relief Canyon Project; 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 Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC, this information, except as required by law. Americas Silver does not give any assurance (1) that Americas Silver will achieve its expectations, or (2) concerning the result or timing thereof.
For more information: Darren Blasutti President and CEO Americas Silver Corporation 416-848-9503
Net after Operating Costs Year 1: $24,064.5 (Total Gold Produced: 68,660 ounces) Year 2: $37,815.7 (Total Gold Produced: 83,270 ounces) Year 3: $38,741.9 (Total Gold Produced: 86,390 ounces) Year 4: $25,607.8 (Total Gold Produced: 83,850 ounces) Year 5: $38,089.2 (Total Gold Produced: 93,520 ounces) Year 6: $81,392.8 (Total Gold Produced: 93,170 ounces) Year 7: $998.1 (Total Gold Produced: 650 ounces) Total: $246,710.1 (Total Gold Produced: 509.51 ounces)
I did not include the amounts of Silver produced in the above overview. The model is based on $1,290 per ounce gold price and $16.75 per ounce silver price. As a result the net after operating costs is around 40 % higher with today price of Gold $1,500 (AISC at Relief Canyon is $801).
This is one of my favorite companies in the portfolio due to what the management has delivered over the past five years, positioning it as a silver and gold producer with great leverage to increases in the price of the two metals.
Americas Gold and Silver: Eric Sprott Joint Venture a Natural Fit -
President and CEO Darren Blasutti shares the highlights of the company's 60/40 joint venture with mining financier Eric Sprott, which comes with an initial US$20 million funding commitment. #PreciousMetalsSummit #SilverPrice #EricSprott
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.
Americas Gold and Silver Corporation Reports First Quarter 2020 Results TORONTO, ONTARIO - May 15, 2020 - Americas Gold and Silver Corporation (“Americas” or the “Company”) (TSX: USA; NYSE American: USAS), a growing North American precious metals producer, today reported consolidated financial and operational results for the first quarter of 2020.
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.
Operational and First Quarter Financial Highlights
Relief Canyon continues to ramp-up following first gold pour in February and the Company is focused on achieving commercial production by late Q2-2020 or early Q3-2020. Subsequent to Q1-2020, the Company closed a bought deal public offering for gross proceeds of approximately C$28.75 million which provides the Company with available capital to address working capital needs including bringing Relief Canyon into commercial production, particularly in the COVID-19 environment. As a result of Relief Canyon being in pre-commercial production, the Cosalá Operations producing for less than a month during the quarter, and the exclusion of operating metrics from the Galena Complex during the Galena recapitalization plan (“Recapitalization Plan”), Q1-2020 revenue was $7.3 million resulting in a net loss of $4.1 million or ($0.03) per share. Cosalá production for the first 26 days of Q1-2020 yielded 420 gold equivalent ounces[1] or 0.3 million silver equivalent ounces[2] at cost of sales of $7.19/oz equivalent silver, by-product cash cost[3] of negative ($11.32/oz) silver, and all-in sustaining cost3 of negative ($0.83/oz) silver. The Galena Recapitalization Plan is proceeding better than expected with the Company seeing both increased production and encouraging exploration results. Outlook for 2021 continues to be 90,000 to 110,000 gold equivalent ounces at expected all-in sustaining costs[4] of $900 to $1,100 per gold equivalent ounce. At March 31, 2020, the Company had a cash balance of approximately $16.4 million. The Company has chosen not to host a conference call to discuss the Q1-2020 results given the limited production and the extensive operations update released on May 4, 2020. The Company will resume the quarterly conference calls following its Q2-2020 results. “The Company is in a great position to benefit from the strong gold price environment moving forward as we addressed common start-up challenges at Relief Canyon and it continues to ramp-up” said Americas President & CEO Darren Blasutti. “All operating aspects at Relief Canyon are trending positively, the Cosalá Operations should be able to resume production early in the second half of 2020 as we have had several encouraging developments in Mexico and the Galena Recapitalization Plan is proceeding better than expected. The recently completed financing provides the Company with sufficient working capital to bring Relief Canyon to commercial production.”
Relief Canyon
The Company issued a press release on May 4, 2020 providing details of the Relief Canyon ramp-up. The Company continues to target commercial production by late Q2-2020 or early Q3-2020 and will be providing more regular updates regarding the operation between now and then.
Since the start of pre-production, approximately 5.2 million tonnes of material have been mined, including 4.2 million tonnes of waste and 1.0 million tonnes of ore. Waste movement is ahead of budget and the operation currently has an ore stockpile of approximately 0.2 million tonnes ahead of the crusher waiting to be placed on the leach pad.
Approximately 0.8 million tonnes of ore have been stacked on the leach pad. Solution flow rates from the pad have continued to increase since the update on May 4, 2020 as the surface area available for leach irrigation has increased.
Cosalá Operations
The Cosalá Operations operated for the first 26 days of the quarter as the operation was negatively impacted by the previously announced illegal blockade since the end of January 2020. As a result, operating results year-over-year were negatively impacted and not generally comparable.
On March 31, 2020, the Government of Mexico issued a national COVID-19 related decree for the temporary suspension of all non-essential businesses in the country, including all mining operations. This week the Government of Mexico issued a number of statements that are expected to allow for the re-opening of mining operations starting in June 2020. The Company believes this will provide a pathway for the Cosalá Operations to resume production early in the second half of 2020, including a legal and legitimate labour representative for its workers, allowing for a resolution to the current illegal blockade. The Company’s priority continues to be the safety of its workers and the community of Cosalá that have been negatively impacted – first by the illegal blockade and now by COVID-19.
Galena Complex
In addition to providing an update regarding the ramp-up of Relief Canyon, the Company also provided an extensive update regarding the Galena Recapitalization Plan in the May 4, 2020 update, including information regarding the rehabilitation development , equipment purchases, and early drill results from the 39,000-meter drill program.
The Company has suspended disclosure of certain operating metrics such as cash costs, and all-in sustaining costs for the Galena Complex until the Recapitalization Plan is substantially completed; the Galena Complex results are not included in the Consolidated Results.
Consolidated Financial and Consolidated Production[5] Results
Consolidated operating results from Q1-2020 are generally not comparable to Q1-2019 due to the illegal blockade temporarily halting mining and processing at the Cosalá Operations, and the exclusion of operating results from the Galena Complex as a result of the Recapitalization Plan. Consolidated operating results include only 26 days of production from the Cosalá Operations.
Gross revenue decreased by $10.5 million during Q1-2020 compared to Q1-2019 primarily due to the illegal blockade. This decrease was offset by a $0.9 million increase in silver and lead revenue at the Galena Complex from increased production in the early stages of the Recapitalization Plan.
Consolidated cost of sales was $7.19/oz equivalent silver representing an increase year-over-year, while by-product cash cost was negative ($11.32/oz) silver, and all-in sustaining cost was negative ($0.83/oz) silver, representing increases year-over-year, respectively.
Further information concerning the consolidated and individual mine operations is included in the Company’s first quarter Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2020 and Management’s Discussion and Analysis for the three months ended March 31, 2020.
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.
Qualified Persons
Darren Dell, P.Eng., Chief Operating Officer and Niel de Bruin, Director of Geology, who are each employees of the Company and a “qualified person” under National Instrument 43-101, have approved the applicable contents of this news release.
For more information:
Stefan Axell VP, Corporate Development & Communications Americas Gold and Silver Corporation 416-874-1708
Darren Blasutti President and CEO Americas Gold and Silver Corporation 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, , its ability to finance, develop and operate Relief Canyon, 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, the resolution, easing or removal of the temporary restrictions on all non-essential businesses in Mexico resulting from the COVID-19 pandemic affecting the Company’s Cosalá Operations, and the expected use of the net proceeds from the Company’s bought deal equity financing. 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 risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; 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. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operate. 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.
[1] Gold equivalent production throughout this press release was calculated based on the average gold spot metal prices and average silver realized metal prices during each respective period.
[2] Silver equivalent production throughout this press release was calculated based on all metals production at average gold spot prices, and average silver, zinc, and lead realized prices during each respective period.
[3] 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.
[4] Net of by-product zinc and lead credits assuming $1.05/lbs zinc and $0.90/lbs lead
[5] Throughout this press release, Q1-2020 consolidated production results exclude Q1-2020 from the Galena Complex due to the Recapitalization Plan.
Nevada has the second largest gold reserves in the world. It has 23 major gold mines, produces five million ounces of gold annually, and has produced more than 152 million gold ounces since 1835. Nevada has a stable tax regime, robust legal framework, streamlined permitting process, nearby infrastructure and unparalleled access to qualified labor. It is ranked by the Fraser Institute as the fourth most mining friendly jurisdiction in the world.
Relief Canyon Mine and Processing Facility
The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Americas Gold and Silver is currently permitted to begin mining and processing at Relief Canyon under the existing Plan of Operations.
Americas Gold and Silver's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Americas Gold and Silver with the opportunity to expand the Relief Canyon deposit and to explore and make new discoveries on nearby lands.
The existing gold recovery plant has the capacity to handle three thousand gallons per minute of gold bearing solution. The leach pad is permitted to hold 21 million tons and can be readily expanded. A crushing and conveying system will be constructed to allow ore placement of over 6 million tons per year. The facility is conveniently situated to process ore from future discoveries of satellite deposits.
Relief Canyon is situated at the southern edge of the Pershing Gold and Silver trend along the Humboldt Range. It is approximately 95 miles northeast of Reno, Nevada. Electricity is available on the property, and water is available from two wells located east of the processing plant. The City of Lovelock is located approximately 19 miles by road west-southwest of Relief Canyon.
Permitting
Currently, Americas Gold and Silver has all state and federal permits necessary to begin mining and heap leach processing operations. Americas Gold and Silver is following a two-phase approach for project permitting. Phase I, which has been approved, is the re-purposing of previously approved disturbance for expanded mining to a pit bottom elevation of 5,080 feet, partial backfilling of the pit to eliminate formation of a pit lake, expanded exploration operations, full build-out of the heap leach pad to accommodate leaching of the Phase I ore, and construction of a new waste rock storage facility. This phase will carry the project through the first 30 months of operation. During this period the Company will pursue approval of the Phase II permits to allow production from the entire reserve. The key aspects of this phase involve further pit expansion and formation of a pit lake upon closure (i.e. no backfilling required). Technical data supporting the Phase II permit was submitted in June 2018 and accepted as complete in February 2019. It is anticipated that the Phase II permitting process will conclude in the second half of 2020.
Processing
The Relief Canyon mine has proven production history to show the ore is amenable to cyanide heap leach processing. More recent metallurgical test work on drill core and bulk samples has confirmed the viability of heap leach processing for additional resources identified within the proposed pit. The metallurgical test work covers all three distinct mineralized zones identified in geological modeling; Main, Lower, and Jasperoid.
The planned processing method is heap leach cyanidation of primary crushed ore (80% passing three inch) that has been agglomerated using cement and conveyor stacked in 20-foot lifts. The primary leach cycle lasts approximately 130 days.
The column-leach and permeability tests indicate that agglomeration is required in order to achieve hydraulic conductivity and a corresponding gold recovery on a consistent basis. There is also evidence that blending of low and high fines content material will aid hydraulic conductivity.
The Best Investment Advice by Warren Buffett & Charlie Munger | BerkshireHathaway 1999 397 views•Aug 16, 2020
Below is an article showing Warren Buffett’s new investment strategy!! Big moves ahead!! GPL is positioned well for growth as metals prices soar to new highs!! ————————————————- Warren Buffett’s group pares back holdings in Wells Fargo, JPMorgan, PNC and Goldman Sachs
August 14, 2020 10:43 pm by Eric Platt and Robert Armstrong in New York Warren Buffett’s Berkshire Hathaway significantly cut its stakes in some of the largest US banks in the second quarter, selling billions of dollars worth of stock in Wells Fargo, JPMorgan Chase and other financial institutions.
Berkshire Hathaway disclosed on Friday it had sold 85.6m shares of Wells Fargo in the quarter, reducing its stake from 7.9 per cent to 5.8 per cent of the lender, according to a filing with US securities regulators. Berkshire also sold 35.5m shares of JPMorgan, lowering its stake to 0.7 per cent from 1.9 per cent, and a substantial minority of its longtime holding PNC Financial.
Mr Buffett sold the last of his financial crisis-era investment in Goldman Sachs in the quarter, which was worth just under $300m at the end of March. He cut Berkshire’s stakes in M & T Bank, Bank of New York Mellon, US Bancorp, Mastercard and Visa as well. In total, including both financial and non-financial stocks, Berkshire dumped $12.8bn worth of shares in the quarter.
Through Berkshire, Mr Buffett is one of the single-biggest shareholders in US banks and his decision to pare back his exposure will be parsed by investors globally, especially given the timing.
The Great Panther Turnaround Story - Great silver & gold story -
Americas Gold and Silver Announces Closing of C$39.4 Million Bought Deal Financing CNW GroupSeptember 4, 2020 TORONTO, Sept. 4, 2020 /PRNewswire/ --
Americas Gold and Silver Corporation (the "Company") (TSX: USA; NYSE American: USAS) is pleased to announce that it has closed its previously announced and upsized bought deal financing with a syndicate of underwriters co-led by Desjardins Capital Markets and Cormark Securities Inc., and including Stifel GMP, Clarus Securities Inc., and Laurentian Bank Securities Inc., (collectively the "Underwriters"). A total of 10,204,510 common shares of the Company (the "Common Shares"), including the partial exercise of the over-allotment option by the Underwriters, were sold at a price of C$3.86 per Common Share, for aggregate gross proceeds to the Company of C$39,389,409 (the "Offering").
The net proceeds from the sale of the Common Shares will be used for the exploration, development and/or improvement of the Company's existing mine properties, including those relating to bringing Relief Canyon into commercial production and for working capital and general corporate purposes, as detailed in the Prospectus (as defined below).
The Offering was made pursuant to a short form prospectus (the "Prospectus") dated August 31, 2020 filed in all the provinces of Canada excluding Quebec. A copy of the Prospectus is available under the Company's profile on SEDAR at www.sedar.com.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or under any U.S. state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the "United States" or to, or for the account or benefit of, persons in the "United States" or "U.S. persons" (as such terms are defined in Regulation S under the U.S. Securities Act) except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable U.S. state securities laws. This release does not constitute an offer to sell or a solicitation of an offer to buy such securities in the United States, Canada or in any other jurisdiction where such offer, solicitation or sale is unlawful.
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, the Relief Canyon mine 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 has recently completed the outstanding option acquisition agreement for the San Felipe development project in Sonora, Mexico, subject to closing conditions. 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 press release contains certain statements that constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"), which reflects management's expectations regarding the Company's future growth and business prospects and opportunities. Forward-looking statements include, without limitation, including the anticipated use of proceeds of the Offering, and possible events, conditions or results of operations, future economic conditions expectations and anticipated courses of action, including the Company's ability to finance, develop, achieve commercial production at and operate Relief Canyon and the expected timing and completion of the Company's exercise of its option to acquire the San Felipe development project. Although the forward-looking statements contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, such forward-looking statements are based upon assumptions, opinions and analysis that management believes to be reasonable and relevant but that may prove to be incorrect. The Company cautions you not to place undue reliance upon any such forward-looking statements.
Americas Gold and Silver Corporation TSE:USA Alternate Symbol(s): USAS
Nevada has the second largest gold reserves in the world. It has 23 major gold mines, produces five million ounces of gold annually, and has produced more than 152 million gold ounces since 1835. Nevada has a stable tax regime, robust legal framework, streamlined permitting process, nearby infrastructure and unparalleled access to qualified labor. It is ranked by the Fraser Institute as the fourth most mining friendly jurisdiction in the world.
Relief Canyon Mine and Processing Facility
The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Americas Gold and Silver is currently permitted to begin mining and processing at Relief Canyon under the existing Plan of Operations.
Americas Gold and Silver's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Americas Gold and Silver with the opportunity to expand the Relief Canyon deposit and to explore and make new discoveries on nearby lands.
The existing gold recovery plant has the capacity to handle three thousand gallons per minute of gold bearing solution. The leach pad is permitted to hold 21 million tons and can be readily expanded. A crushing and conveying system will be constructed to allow ore placement of over 6 million tons per year. The facility is conveniently situated to process ore from future discoveries of satellite deposits.
Relief Canyon is situated at the southern edge of the Pershing Gold and Silver trend along the Humboldt Range. It is approximately 95 miles northeast of Reno, Nevada. Electricity is available on the property, and water is available from two wells located east of the processing plant. The City of Lovelock is located approximately 19 miles by road west-southwest of Relief Canyon.
Permitting
Currently, Americas Gold and Silver has all state and federal permits necessary to begin mining and heap leach processing operations. Americas Gold and Silver is following a two-phase approach for project permitting. Phase I, which has been approved, is the re-purposing of previously approved disturbance for expanded mining to a pit bottom elevation of 5,080 feet, partial backfilling of the pit to eliminate formation of a pit lake, expanded exploration operations, full build-out of the heap leach pad to accommodate leaching of the Phase I ore, and construction of a new waste rock storage facility. This phase will carry the project through the first 30 months of operation. During this period the Company will pursue approval of the Phase II permits to allow production from the entire reserve. The key aspects of this phase involve further pit expansion and formation of a pit lake upon closure (i.e. no backfilling required). Technical data supporting the Phase II permit was submitted in June 2018 and accepted as complete in February 2019. It is anticipated that the Phase II permitting process will conclude in the second half of 2020.
Processing
The Relief Canyon mine has proven production history to show the ore is amenable to cyanide heap leach processing. More recent metallurgical test work on drill core and bulk samples has confirmed the viability of heap leach processing for additional resources identified within the proposed pit. The metallurgical test work covers all three distinct mineralized zones identified in geological modeling; Main, Lower, and Jasperoid.
The planned processing method is heap leach cyanidation of primary crushed ore (80% passing three inch) that has been agglomerated using cement and conveyor stacked in 20-foot lifts. The primary leach cycle lasts approximately 130 days.
The column-leach and permeability tests indicate that agglomeration is required in order to achieve hydraulic conductivity and a corresponding gold recovery on a consistent basis. There is also evidence that blending of low and high fines content material will aid hydraulic conductivity.
The Best Investment Advice by Warren Buffett & Charlie Munger | BerkshireHathaway 1999 397 views•Aug 16, 2020
Below is an article showing Warren Buffett’s new investment strategy!! Big moves ahead!! GPL is positioned well for growth as metals prices soar to new highs!! ————————————————- Warren Buffett’s group pares back holdings in Wells Fargo, JPMorgan, PNC and Goldman Sachs
August 14, 2020 10:43 pm by Eric Platt and Robert Armstrong in New York Warren Buffett’s Berkshire Hathaway significantly cut its stakes in some of the largest US banks in the second quarter, selling billions of dollars worth of stock in Wells Fargo, JPMorgan Chase and other financial institutions.
Berkshire Hathaway disclosed on Friday it had sold 85.6m shares of Wells Fargo in the quarter, reducing its stake from 7.9 per cent to 5.8 per cent of the lender, according to a filing with US securities regulators. Berkshire also sold 35.5m shares of JPMorgan, lowering its stake to 0.7 per cent from 1.9 per cent, and a substantial minority of its longtime holding PNC Financial.
Mr Buffett sold the last of his financial crisis-era investment in Goldman Sachs in the quarter, which was worth just under $300m at the end of March. He cut Berkshire’s stakes in M & T Bank, Bank of New York Mellon, US Bancorp, Mastercard and Visa as well. In total, including both financial and non-financial stocks, Berkshire dumped $12.8bn worth of shares in the quarter.
Through Berkshire, Mr Buffett is one of the single-biggest shareholders in US banks and his decision to pare back his exposure will be parsed by investors globally, especially given the timing.
The Great Panther Turnaround Story - Great silver & gold story -
Americas Gold And Silver Provides Update On Relief Canyon Americas Gold and Silver Corporation Logo (PRNewsfoto/Americas Gold and Silver) NEWS PROVIDED BY
Americas Gold and Silver Corporation Sep 10, 2020, 07:00 ET
TORONTO, Sept. 10, 2020 /PRNewswire/ -- Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, today provides an update on the ramp-up of the Relief Canyon mine toward commercial production.
Highlights
Since placing first ore on the 6W leach pad on August 4, 2020, leach solution grade coming from the pad has increased significantly and is operating within expected norms. Continued improvements to operating practices will improve consistency of heap performance and reduce operating costs. Commercial production remains targeted for Q4-2020. "The Company is thrilled to report that the new section of the leach pad is operating according to plan" stated Americas President and CEO Darren Blasutti. "Leach solution grade has bumped up nicely which bodes well for continued increases in gold production and a strong finish to the year. We remain committed to declaring commercial production before the new year."
On August 4, 2020, the Company began stacking higher-grade ore from lower levels of the pit and applied revised and improved operating practices. Based on a month of operating data, the Company is pleased to report that the leach solution grade from the pad has significantly increased and modelled leach recovery is trending towards feasibility levels.
As highlighted previously, the operation is currently employing a temporary stacker with a capacity of approximately 8,000 tonnes per day. With the reduced stacking rate, the Company is taking the opportunity to prioritize waste stripping as the operation currently has a large run of mine ore stockpile of over 200,000 tons. With the increased waste stripping, the Company will have added operational flexibility to optimize production moving forward. The return of the radial stacker, with a capacity of 16,000 tonnes per day, is scheduled for mid-Q4-2020.
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, the Relief Canyon mine 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 has completed the outstanding option acquisition agreement for the San Felipe development project in Sonora, Mexico, subject to closing conditions. 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
Qualified Persons
Daren Dell, Chief Operating Officer, who is an employee of the Company and a "qualified person" under National Instrument 43-101, has approved the applicable contents of this news release.
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, its ability to finance, develop and operate Relief Canyon, including the anticipated timing of commercial production at Relief Canyon. 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 risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; 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. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company's ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operate. 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 Gold and Silver's filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver 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 Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward–looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.
Here is a link to an article - How to Ride this PM Bull Market to the Top - by Don Durrett. America's Gold & Silver is one of the top companies he recommended to be invested in during this run.
Legend Pierre Lassonde Has Been Aggressively Buying This Mining Stock, His Top Pick For 2021
Legend Pierre Lassonde has been aggressively buying this mining stock, his top pick for 2021. Lassonde is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining, former Chairman of the World Gold Council and former Chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.
Great Value In Mining Stocks Eric King: “Pierre, some of these large cap mining stocks have become value plays. And there is even more value as you start to go down the line, particularly into some of the smaller stocks. We invest alongside each other and we have been buying a company called America’s Gold & Silver. I invested 7 figures into that (stock), Pierre, and I know you own 5% of the company.”
America’s Gold & Silver: All Of The Upside For Free Pierre Lassonde: “In the mid-cap (mining stock space) there are a number of stocks that I really like. And I like stocks that have a lot of optionally values. Meaning that you are buying the existing asset but then you are getting all of the upside for free.
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.”
MUST LISTEN: In this audio interview Pierre Lassonde shares with KWN listeners around the world what they should be doing with their money right now in the gold and silver sector as well as discussing where the price of gold is headed and why he is so bullish and you can listen to the interview by CLICKING HERE OR ON THE IMAGE BELOW.
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