Americas Gold and Silver Corporation Reports First Quarter 2021 Results and Provides Operational Update
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Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ( Americas or the Company ), a growing North American precious metals producer, reports consolidated financial and operational results for the quarter ended March 31, 2021 along with the progress to reopen the Cosalá Operations, continued exploration success at the Galena Complex and an update for Relief Canyon
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Figure 1: Long Section (Looking North) depicting some significant intercepts from 5500 Level drilling (Graphic: Americas Gold and Silver Corporation)
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, and on its EDGAR profile at w
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Americas Gold and Silver Corporation Announces Issuance of C$12.5 Million Secured Convertible Debenture
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, announces the issuance of a C$12.5 million senior secured convertible debenture. The convertible debenture bears interest at a rate of 8% per annum, has a maturity date of April 28, 2024 and is repayable by the Company at its option, prior to maturity, subject to the payment of a redemption premium. The debenture is secured by the Company’s interest in the Galena Complex and will be secured by the shares of one of the Company’s Mexican subsidiaries. The principal amount outstanding under the convertible debenture is convertible at any time at the holder’s option, into common shares of Americas Gold and Silver at a conversion price of C$3.35 per share. The proceeds were ra
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Americas Gold and Silver Corporation Provides an Update on the Galena Complex and Relief Canyon Mine
January 6, 2021 GMT
TORONTO (BUSINESS WIRE) Jan 6, 2021
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas”, “Americas Gold and Silver” or the “Company”), a growing North American precious metals producer, is pleased to provide an update on the Galena Complex and the Relief Canyon mine.
Highlights
The Galena Complex had a strong finish to the year with Q4-2020 production of approximately 295,000 ounces of silver and 5.8 million pounds of lead (600,000 ounces AgEq 1 ) compared with 160,000 ounces of silver and 2.6 million pounds of lead in Q4-2019 (296,500 AgEq), a year-over-year increase of over 100% on a AgEq basis.
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 2021. 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. For further information, please see SEDAR or www.americas-gold.com.
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 2021. 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. For further information, please see SEDAR or www.americas-gold.com.