Business
Americas Gold and Silver Provides Update of Continued Ramp-up at the Cosalá Operations
TORONTO / Dec 16, 2021 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”) is pleased to provi
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"TORONTO / Dec 16, 2021 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”) is pleased to provide a brief update to production following the re-opening of the Company’s Cosalá Operations. On December 1, 2021, the Company announced the Los Braceros plant has returned to nameplate production. Since this date, the mill has seen steady production over the 15 days of the month: Averaging over 1,600 tonnes milled of ore per day Approximate average mill feed grades of 55 g/t silver, 4.5% zinc and 1.9% lead The Company will be providing details for December production and the continued ramp-up for the Cosalá Operations in early January 2022. Starting in January 2022, the Company expects to increase the throughput to an average of 1,800 tonnes per operating day. Initial production will focus on maximizing near-term free cash flow by mining high-grade zinc areas of the Main Zone which were fully developed prior to the illegal blockade. Over the course of the next six months, the mine will continue development into the Upper Zone, which carries silver grades approximately 5-6 times higher than the Main Zone. Mining the silver-rich areas of the Cosalá Operations is expected to significantly increase silver production to over 2.5 million ounces of silver per year. 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 owns and operates the Cosalá Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, USA, and is re-evaluating the Relief Canyon mine in Nevada, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com. Cautionary Statement on Forward-Looking Information This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other precious metals, the expected prices of gold, silver and other precious metals, as well as the related costs, expenses...