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Three small-cap junior miners with mid-tier potential David Erfle Friday September 27, 2019 https://www.kitco.com/commentaries/2019-09-27/Three-small-ca… Americas Gold and Silver Corp. (USAS): This North American focused silver and base metal producer recently re-branded to include “Gold” in its name, due to its recent acquisition of the Relief Canyon Project in Nevada. The fully financed mine is scheduled to be producing gold by December and will be free cash flowing by early 2020. Expected annual production at the mine is 90,000 ounces of gold at an AISC of $800 per ounce over a 6-year initial mine life. The company recently announced a joint venture with Eric Sprott on its Galena Mine in Idaho, committing up to US$20M in Year One for a 40% interest, while USAS commits US$5M in 2020. The recapitalization plan at the complex over next 18 months is targeting a 100% increase in silver production and reduction of AISC by 50% over the next two years. The company’s Cosalá Operations are located in the state of Sinaloa, Mexico, and consist of 67 mining concessions that cover approximately 19,385 hectares. The property also includes the San Rafael mine, El Cajón project, and several other smaller past-producing mines with expected average annual production of 2.5 million ounces of silver and 4.6 million lbs of copper. The company intends to keep the over 100M ounces of higher-grade silver reserves at Cosalá in the ground until the market has made a $25 floor in the silver price. At Beaver Creek, CEO Darren Blasutti also informed me the company remains open to discuss acquiring another cash stressed junior with 100% control of a high-margin project with blue sky potential. Americas Gold and Silver maintains a dual listing on the TSE and NYSE American exchanges for increased liquidity, strong endorsement from key institutional and retail investors, and will have greater access to U.S. funds if/when the stock rises above the US$4.00 level. |
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| aus der Diskussion: | Americas Silver Corp: Junior Gold- und Silberproduzent |
| Autor (Datum des Eintrages): | iknowtheway (28.09.19 17:46:15) |
| Beitrag: | 305 von 717 (ID:61590129) |
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