A HIGH-GROWTH, LOW-COST

PRECIOUS METALS COMPANY

IN NORTH AMERICA

  • • COMMERCIAL PRODUCTION DECLARED AT RELIEF CANYON effective January 11 2021

  • • Multiple North American precious metal assets

  • • Significant silver optionality through re-start at Cosalá and exploration results at Galena

  • • Projecting significant increase in silver production given positive momentum in silver prices

  • • Closed $33.9M Bought Deal Financing in January 2021

  • • Avg daily trading volume of ~2M shares

  • • Dual-listed on the NYSE American and TSX for increased liquidity

    UPSIDE POTENTIAL

    2020 YEAR TO DATE PERFORMANCE *

150%

100%

50%

0%

INCREASE

IN PRECIOUS METAL EXPOSURE IN 2021

-50%

02-20

03-20

04-20

05-20

06-20

07-20

08-20

09-20

10-20

11-20

12-20

01-21

02-21

AMERICAS DISCONNECT FROM GOLD AND GOLD EQUITIES PROVIDES OPPORTUNITY

*Up to February 26, 2021. Premier and Wesdome converted from CAD to USD

RESERVES AND RESOURCES 1

P&P

M&IINFERRED

28M lbs

Gold Silver Zinc Lead Copper

610k oz

44k oz

28M lbs

27k oz

24M lbs

Note: Pro forma 2021 production based on 2021 outlook as per Americas February 18, 2020 press release; gold equivalent production and gold equivalent reserves calculated using spot prices (US$26.73/oz Ag, US$1,942/oz Au, US$0.85/lb Pb, US$3.06/lb Cu and US$1.11/lb Zn).

1. Reserves and Resources reflect the 60/40 JV with Eric Sprott. For further notes related to mineral reserves please refer to the company's websitewww.americas-gold.com

  • • First gold pour February 2020

    RELIEF CANYON, Nevada

    ACHEIVED COMMERCIAL PRODUCTION JANUARY 2021

  • • Project acquired at $1,180/oz gold

  • • Initial capital to first gold within budget of US$28-30 million

  • • At current gold prices, Relief Canyon is a very high return project

  • • Expected annual production of ~90,000 oz Au at AISC of ~$800/oz; ~6-year initial mine life1

  • • Significant exploration upside; <20% of 11,700-ha land package explored to date

  • • P&P reserves of 610,000 oz Au2 ; 24.8 Mt at 0.77 g/t

    • 1. July 2018 Feasibility Study available on the company's website atwww.americas-gold.com.

    • 2. Resource is constrained to a $1,500 pit shell and is exclusive of reserves. For notes related to mineral reserves please refer to the company's websitewww.americas-gold.com.

GALENA COMPLEX, Idaho

60/40 Joint venture with Eric Sprott

  • • Significant increase to mineral resources1 based on initial drilling (100% of asset): P&P - 12 Moz Ag(-); M&I - 37.3 Moz Ag (up 36%); Inferred - 78.5 Moz Ag (up 100%)

  • • Finding cost: ~$0.05/ounce

  • • Recapitalization plan is proceeding as expected with benefits in year over year production, productivity and resource growth

  • • Anticipated increased production to 1.8 - 2.0 million ounces of silver by 2022

  • • Development on the 5500 Level to establish a new drill station east of the #3 shaft is nearing completion; Will provide a better angle to target the Triple Point as well as the down dip extension of the 360 Complex

  • • Targeted Mineral Resource addition for the remainder of Phase 1 drilling through June 2021; At least another 50 million ounces of silver

  • 1. Reserves and resources amended as per 60/40 JV with Eric Sprott. For further information related to mineral reserves please refer to the company's websitewww.americas-gold.com.

  • 2. Please refer to company's website for additional drill results

COSALÁ OPERATIONS, Mexico

  • • Ability to adjust metal production quickly to changing commodity markets

  • • Large land package with exploration upside

  • • San Rafael mine built on-time and under budget

  • • At full production, exceeding pre-feasibility targets

  • • 2019 production of 0.6 million silver ounces - Working towards restarting operation before year end

  • • Over 1 million silver ounces expected in 2021 assuming successful restart

  • • Potential to increase production to 2.5 - 3.0 million ounces in 2022 - Involves development of SR Upper Zone and EC120 for marginal incremental capital

CAPITAL STRUCTURE

TSX: USA | NYSE American: USAS

Common Shares Market Capitalization 52 Week Spread Average Volume

130.7M $341M $1.00 - $4.00 ~2.0M

SHARE OWNERSHIP

30%

50%

Other Institutional Eric Sprott

Pierre Lassonde

7%

6%

SandstormOther Insiders

Retail

1% 5%

As at February 26, 2021. All figures are in USD unless otherwise stated

SIGNIFICANT PRECIOUS METAL GROWTH IN THE NEAR-TERM

PRODUCTION

EC120

DEVELOPMENT

SAN RAFAELGALENARELIEF CANYON

Close Acquisition and Financing

2019

2020

ion ing

ConstructionSteady-State/OpStrategic Recasibility mpleteExplor

ST

LD POUR

amp-upon Planntial to Increase Siz

Pre-Feasibility Study Complete

2021

COMMERCIALPRODUCTION

Increased ProductionExploration Potential to Increase Size andScaleSteady-State Operations & Exploration

Begin Mining High-Grade Ag Upper Zone*

TSX: USA | NYSE American: USAS

Attachments

  • Original document
  • Permalink

Disclaimer

Americas Gold and Silver Corporation published this content on 03 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2021 19:09:04 UTC.