AMERICAS GOLD AND SILVER CORPORATION - 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
- Avg daily trading volume of ~2M shares
- Dual-listedon the NYSE American and TSX for increased liquidity
UPSIDE POTENTIAL
2020 YEAR TO DATE PERFORMANCE *
60% | |||||||||
40% | |||||||||
20% | |||||||||
0% | |||||||||
GDX | |||||||||
-20% | GDX-J | ||||||||
Premier | |||||||||
-40% | Wesdome | ||||||||
Gold | |||||||||
McEwen | |||||||||
-60% | Americas | ||||||||
Gold | |||||||||
01-20 | 02-20 | 03-20 | 04-20 | 05-20 | 06-20 | 07-2008-20 | 09-2010-20 | 11-20 | 12-20 |
AMERICAS DISCONNECT FROM GOLD AND GOLD EQUITIES PROVIDES OPPORTUNITY
*Up to December 31, 2020. Premier and Wesdome converted from CAD to USD
INCREASE
IN PRECIOUS METAL
EXPOSURE BY 2021
RESERVES AND RESOURCES 1
P&P | M&I | INFERRED | |
Gold | 610k oz | 44k oz | 27k oz |
Silver | 31M oz | 52M oz | 59M oz |
Zinc | 134M lbs | 787M lbs | 245M lbs |
Lead | 129M lbs | 517M lbs | 595M lbs |
Copper | 28M lbs | 28M lbs | 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 website www.americas-gold.com
INVESTOR RELATIONS
Andrea Totino | www.americas-gold.com | Suite 2870, 145 King St. West |
atotino@americas-gold.com | +1 416-848-9503 | Toronto, ON M5H 1J8 |
TSX: USA | NYSE American: USAS
RELIEF CANYON, Nevada
ACHEIVED COMMERCIAL PRODUCTION JANUARY 2021
- Acheived First gold pour February 2020
- Project acquired at $1,180/oz gold
- Initial capital to first gold within budget of US$28-30 million
- Expected annual production of ~90,000 oz Au at AISC of ~$800/oz; ~6-year initial mine life1
- At current gold prices, Relief Canyon is a very high return project
- 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
- July 2018 Feasibility Study available on the company's website at www.americas-gold.com.
- 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 website www.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 expected to be completed by the end of January 2021; 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
- 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 website www.americas-gold.com.
- 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
- 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 Shares118M
Market Capitalization | $398M | ||
52 Week Spread | $1.00 - $4.00 | ||
Average Volume | ~2.0M | ||
SHARE OWNERSHIP | |||
30% | Other Institutional | ||
Eric Sprott | |||
50% | Pierre Lassonde | ||
Sandstorm | |||
7% | Other Insiders | ||
6% | Retail | ||
1% 5% |
As at January 4 2021. All figures are in USD unless otherwise stated
SIGNIFICANT PRECIOUS METAL GROWTH IN THE NEAR-TERM
2019 | 2020 | 2021 |
Close Acquisition | FIRST | COMMERCIAL |
and Financing | GOLD POUR | PRODUCTION |
RELIEF | Construction | Ramp-up | Steady-State Operations | ||
CANYON | & Exploration | ||||
PRODUCTION | |||||
SAN RAFAEL | Steady-State/Optimization | Begin Mining High-Grade | |||
Ag Upper Zone* | |||||
DEVELOPMENT | GALENA | Strategic Recapitalization Plan | Increased Production | ||
EC120 | Pre-Feasibility | Exploration Potential to Increase Size and Scale | |||
Study Complete |
TSX: USA | NYSE American: USAS
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Americas Gold and Silver Corporation published this content on 12 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2021 20:21:00 UTC
