Americas Gold And Silver Corporation · TSX:USA
Americas Gold And Silver — Investor Presentation (March 2021)
27 slides from Americas Gold And Silver's investor presentation, March 2021
Slide 1: A High-Growth, Low-Cost Precious Metals Company in North America
A High-Growth, Low-Cost PRECIOUS METALS Company in North America CORPORATE PRESENTATION MARCH 2021
Slide 2: Forward-Looking Statements and Other Disclosures
FORWARD-LOOKING FORWARD-LOOKING STATEMENTS STATEMENTS SAFE HARBOUR Safe Harbour ANDDisclosures and Other OTHER DISCLOSURES This presentation contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas
Slide 3: Increasing Precious Metals Exposure in 2021
A HIGH-GROWTH, LOW-COST PRECIOUS METALS COMPANY IN NORTH AMERICA Increasing Precious Metals Exposure in 2021 • Multiple North American precious metal assets • Commercial production declared on January 11th, 2021 at the Relief Canyon Gold Mine • Significant silver optionality through re-start at Cosa
Slide 4: Relief Canyon Update
RELIEF CANYON UPDATE Nevada, USA • Commercial production declared at Relief Canyon effective January 11th, 2021 • Ramping-up to full production in Q2-2021 • Since the return of the large radial stacker in December, the operation has consistently met the required stacking rates, which was the final i
Slide 5: Relief Canyon Land Position
RELIEF CANYON LAND POSITION NYSE American USAS | TSX USA 5
Slide 6: Americas Upside Potential
AMERICAS UPSIDE POTENTIAL 12 Month Performance 200% Premier 150% GDXJ GDX 100% McEwen Gold 50% Americas Gold 0% Wesdome -50% -100% AMERICAS DISCONNECT FROM GOLD AND SILVER EQUITES PROVIDES OPPORTUNITY NYSE American USAS | TSX USA 1. Up to February 26, 2021. Premier and Wesdome converted from CAD to
Slide 7: Focus on Gold; Optionality to Silver
FOCUS ON GOLD; OPTIONALITY TO SILVER • Silver has outperformed gold in recent months and returned to historical multiples • Value Disparity: Comparison of Key Operating Metrics Americas produced 1.5 million silver ounces in 2019 • Several development scenarios available to increase silver production
Slide 8: Galena Complex 60/40 Joint Venture
GALENA COMPLEX 60/40 JOINT VENTURE Idaho, USA • 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%) • Recapitalization plan is proceeding as expected with benefits in year over year
Slide 9: Silver Valley Potential at Depth
SILVER VALLEY POTENTIAL AT DEPTH Idaho, USA GALENA COMPLEX ONE OF THE SHALLOWEST OPERATIONS IN THE SILVER VALLEY • Depth of development not impacted by faulting or other geologic structures; development and drilling stopped due to lack of capital amid silver price bear market NYSE American USAS | TS
Slide 10: Galena Complex
GALENA COMPLEX Idaho, USA Coeur Shaft Caladay Shaft #3 Shaft Galena Shaft AgEQ East Coeur (oz/ton) X Thickness Sea Level (feet) Triple Point 360 Complex Planned Not to scale 72 Vein No Drilling Down Plunge of Trend Drilling • Significant exploration potential at depth; planned drilling includes: • 7
Slide 11: Success at Galena; More Expected
SUCCESS AT GALENA; MORE EXPECTED Exploration Potential Significant resource growth from the recapitalization plan 200 • Targeting at least another 50 million ounces of silver for the 180 remainder of Phase 1 drilling 160 • Current discovery cost of <$0.05 per ounce 140 • Additional resource expansio
Slide 12: Galena Valuation Potential
GALENA VALUATION POTENTIAL EV / AgEq oz (US$/oz) (LHS) AgEq Grade (g/t) (RHS) $12.50 1,000.0 $10.29 $10.00 800.0 Silver Equivalent Resource Grade (g/t) $7.50 600.0 EV/oz (US$/oz) $5.21 $5.11 $4.78 $5.00 400.0 $3.91 $3.91 $3.10 $2.29 $2.20 $2.50 $1.87 200.0 $0.75 $0.30 $0.00 0.0 SilverCrest First New
Slide 13: Galena Complex Operations
COSALÁ OPERATIONS GALENA COMPLEX OPERATIONS DISTRICT District LandCONCESSIONS Holdings NYSE American USAS | TSX USA 13
Slide 14: Cosalá Operations
COSALÁ OPERATIONS • San Rafael mine built on-time and SR Upper Zone under budget High Grade Silver Low Grade Zinc & Lead • At full production, exceeding pre- feasibility targets • 2019 production of 0.6 million silver ounces • Working towards restarting operation • Over 1 million silver ounces expec
Slide 15: Cosalá Operations
COSALÁ OPERATIONS COSALÁ OPERATIONS DISTRICT District LandCONCESSIONS Holdings NYSE American USAS | TSX USA 15
Slide 16: Significant Increase in Precious Metals Production
SIGNIFICANT INCREASE IN PRECIOUS METALS PRODUCTION Significant Precious Metal Growth in the Near-term Close Acquisition Today and Financing First Gold Pour Commercial Production RELIEF Steady-State Operations Construction Ramp-Up CANYON and Exploration PRODUCTION Begin Mining High Grade Ag SAN RAFAE
Slide 17: Capital Structure
CAPITAL STRUCTURE Share Ownership Capital Structure Other Institutional Recent Price1 $2.61 30% Eric Sprott Market Capitalization $341M Pierre Lassonde Basic Common Shares 130.7M 50% Sandstorm Options 10.5M Other Insiders Warrants 6.3M 7% Retail Full Diluted Shares 147M 6% 1% 5% Top Shareholders Res
Slide 18: Why Invest?
WHY INVEST? Creating a High-Growth, Low-Cost, North American Precious Metal Company Increasing Leading Precious Gold Exposure Metals Growth Proven Low Cost Operations Management Team Large North American Re-Valuation Potential Resource Base NYSE American USAS | TSX USA 18
Slide 19: Appendix
Appendix NYSE American USAS | TSX USA 19
Slide 20: Executive Management and Board of Directors
EXECUTIVE MANAGEMENT AND BOARD OF DIRECTORS Management Board of Directors Darren Blasutti Daren Dell Alex Davidson Alan Edwards President and Chief Operating Chairman of the Board Director Chief Executive Officer Officer President and Director Former Barrick Gold Former Barrick Gold Executive, Forme
Slide 21: Analysts
ANALYSTS FIRM ANALYST CONTACT Alliance Global Partners Jake Sekelsky 646-983-4000 Clarus Securities Inc. Varun Arora 416-365-8093 Cormark Securities Richard Gray 416-943-6407 Desjardin Securities Inc. David Stewart 416-607-3082 H.C. Wainwright & Co. Heiko Ihle 212-356-0510 Laurentian Bank Barry Alla
Slide 22: Sandstorm Gold Financing Package
SANDSTORM GOLD FINANCING PACKAGE Total Financing Package of US$42.5 million to Fully Fund Development of Relief Canyon Repayable by approximately 32,000 gold Gold Purchase Agreement US$25M ounces, at spot prices, over a period of 66 months after production start-up Convertible 6% coupon, 4-year term
Slide 23: Galena Recapitalization Update
GALENA RECAPITALIZATION UPDATE Idaho, USA Three key areas of capital investment totalling $20 million • Infrastructure and mobile equipment ~$7.0 million • Exploration Drill • Mobile mining fleet upgrades • Galena hoist • Repair and development ~$5.5 million • 5200 decline • 5500 repair and developm
Slide 24: Galena Recapitalization Drilling
GALENA RECAPITALIZATION DRILLING Idaho, USA KEY INTERCEPTS FROM 5500 LEVEL DRILLING KEY INTERCEPTS FROM 5200 LEVEL DRILLING • 55-091(1): 725 g/t silver and 1.0% copper over 4.9 meters2 • 52-487: 312 g/t silver and 12.4% lead over 1.0 meters • 55-085(1): 618 g/t silver and 0.9% copper over 4.6 meters
Slide 25: Mineral Reserves and Resources
MINERAL RESERVES AND RESOURCES Proven and Probable Mineral Reserves - June 30, 2020 Inferred Mineral Resources - June 30, 2020 Gold and Silver Mineral Reserves Gold and Silver Mineral Resources Proven Probable Proven and Probable Inferred Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces T
Slide 26: Notes for Mineral Reserves and Resources Estimates
NOTES FOR MINERAL RESERVES AND RESOURCES ESTIMATES CIM (2014) Definition and Standards were followed for Mineral Reserve and Mineral Resource Estimates. Mineral Reserves are estimated at a net smelter return (“NSR”) cut-off value of US$50/tonne at San Rafael, $45/tonne at El Cajón, $45/tonne at Zone
Slide 27: Contact
Stefan Axell VP, Corporate Development & Communication saxell@americas-gold.com 416-848-9503 Andrea Totino www.americas-gold.com Investor Relations atotino@americas-gold.com
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