Americas Gold and Silver Corporation

Description

Americas Gold and Silver Corporation is engaged in the development, exploration, acquisition of precious metal properties such as gold and silver in the United States, Mexico and Canada.

The company claims to generate a sustainable cash flow for its shareholders by focusing on financial strength and operational excellence.

The company holds multiple assets in North America and the commercial production at its newest mine, Relief Canyon Mine in Nevada, the United States, will begin in mid-2021.

Americas Gold and Silver Corporation has a diversified production base for Cosalá in Sinaloa, Mexico and has 60 per cent ownership interest at Galena Complex in Idaho.

The company claims that the Relief Canyon Mine can produce 80,000 and 90,000 ounces of metal annually.

The Toronto-based company focus on low-cost properties and is dually listed on stock exchanges of Toronto and New York.

The mineral exploration company’s portfolio consists of the following assets:
• Galena Complex in Idaho
• Relief Canyon Mine in Nevada
• San Rafael mine at Cosalá in Mexico

Cosala Operations

The company holds 100 per cent interest at Cosalá Operations, located approximately 240 kilometers to the northeast of Mazatlán, in Sinaloa, Mexico, near Cosala town. The property consists of 67 mining franchises in around 19,385 hectares of land. It also hosts several smaller mines, such as the El Cajón project and the San Rafael mine.

Earlier, Americas Gold and Silver’s Los Bracero's process facility developed lead, zinc and copper deposits from mining activities near Nuestra Señora mine. The company presently aims to explore the San Rafael mine and extend its mine life.

Relief Canyon Mine

It is located approximately 95 kilometers northeast of Reno, Nevada. The newest hosts silver-lead concentrate in approximately 25,000 acres of land.

It is an open pit mine consisting of a heap leach extracting facility.

The Toronto-based company aims to begin exploration and processing activities at the Relief Canyon with the existing infrastructure and expand its mine life by exploring nearby prospects.

Nevada has been projected as the become the second-largest gold preserving region across the globe with over 23 major gold mines.

Galena Complex

Americas Gold and Silver hold 60 per cent interest at the Galena Complex, located in Idaho. The region is known for developing silver, lead, zinc and copper deposits from Sunshine, Lucky Friday mines and the Bunker Hill. The company agreed to a joint venture partnership with Eric Sprott in 2019 for 40 per cent stake in the Galena Complex.

The complex consists of high-grade targets with a significant resource base, which produced 250 million ounces of silver in past. The 9000-hectare property consists of two processing facilities and three active shafts.