Americas Gold And Silver Corporation · TSX:USA
Americas Gold And Silver — Investor Presentation (March 2024)
29 slides from Americas Gold And Silver's investor presentation, Mar 8, 2024
Slide 1: Americas Gold & Silver Corporate Presentation March 2024
AMERICAS GOLD & SILVER A HIGH GROWTH & LOW-COST PRECIOUS METALS COMPANY CORPORATE PRESENTATION MARCH 2024 NYSE American USAS | TSX USA
Slide 2: Forward-Looking Statements, Safe Harbor & Other Disclosures
FORWARD-LOOKING STATEMENTS Safe Harbor & 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’ expectations, intentions, plans, assumptions and beliefs with r
Slide 3: Investor Focus
Investor Focus NYSE NYSEAmerican American USAS USAS|| TSX TSXUSA USA
Slide 4: High Growth, Multi Operational, Silver Focused Company
HIGH GROWTH, MULTI OPERATIONAL, SILVER FOCUSED COMPANY Sustained silver production and resource growth: • Galena Complex • Significant ramp-up in silver production and continued resource growth at Galena Complex • Ongoing exploration continuing to add low-cost; high grade silver resources • Reserve
Slide 5: Shareholder & Capital Breakdown
SHAREHOLDER & CAPITAL BREAKDOWN TOP SHAREHOLDERS CAPITAL STRUCTURE Pierre Lassonde Eric Sprott Recent Price1 CDN $0.36 Delbrook Capital Sandstorm Gold Advisors Royalties Market Capitalization CDN $78M Van Eck Konwave AG Merk Investments Lynwood Capital Basic Common Shares2 217.1M Management Options2
Slide 6: Leverage to Silver
LEVERAGE TO SILVER • Significant leverage to silver based on 140 production outlook and silver resources • Attractive current valuation compared to 120 Current Au / Ag silver producing peers Ratio =89:1 100 • Americas Gold and Silver currently trading - $0.25 per silver resource 80 ounce[1] in produ
Slide 7: Growth in Silver Production
GROWTH IN SILVER PRODUCTION 2024 anticipated growth delayed by ~6-8 months due to delay in Galena hoist project • 2025 growth expected from: • Galena hoist project completion at the Galena Complex • Mining of high-grade silver-copper EC120 deposit at the Cosalá Operation NYSE NYSEAmerican American U
Slide 8: Galena Complex Joint Venture 60% Americas – 40% Eric Sprott
GALENA COMPLEX JOINT VENTURE 60% AMERICAS – 40% ERIC SPROTT NYSE American USAS | TSX USA
Slide 9: Galena Complex Resource Growth Since Start of Recapitalization Plan
GALENA COMPLEX Resource Growth Since Start of Recapitalization • Significant increase to mineral resources Plan 120 with new resource estimate expected by 612% Increase end of Q1-2024 100 221% • Galena Hoist operational; shaft repair Silver Ounces (Moz) Increase 80 delayed until H2-2024; expected to
Slide 10: Galena Complex Long Section
GALENA COMPLEX Coeur Shaft Caladay Shaft #3 Shaft Galena Shaft AgEQ (oz/ton) X Thickness Sea Level (feet) Planned Not to scale No Drilling Down Plunge of Trend Drilling Significant exploration potential at depth and to the East NYSE American USAS | TSX USA
Slide 11: Success at Galena; More Expected
SUCCESS AT GALENA; MORE EXPECTED Significant Resource Growth from Recapitalization Plan • Increased global resource to over 200M oz • Silver at a discovery cost of <$0.10/oz Drill Results • Encouraging drilling from 5500 level: Hole 55-175A: 7,370 g/t Ag and 6.3% Cu (8,020 g/t silver equivalent[1])
Slide 12: Recent Drilling Success Between 4600 and 4900 Level
RECENT DRILLING SUCCESS BETWEEN 4600 and 4900 LEVEL Recent Drill Results • Hole 49-664: 3,172 g/t silver, 3.8% copper and 2.6% lead (3,674 g/t silver equivalent[1]) over 1.4 m[2] and: 412 g/t silver, 0.1% copper and 0.2% lead (430 g/t silver equivalent) over 2.3 m • Hole 49-668: 5,665 g/t silver, 1.
Slide 13: Recent Drilling Success From 4300 Level
RECENT DRILLING SUCCESS FROM 4300 LEVEL Recent Drill Results • Hole 43-283: 133 g/t silver and 10.2% lead (437 g/t silver equivalent[1]) over 53.3 m[2] including: 324 g/t silver and 23.8% lead (1,033 g/t silver equivalent) over 0.9 m including: 222 g/t silver and 17.9% lead (753 g/t silver equivalen
Slide 14: Recent Drilling Success From 4600 Level
RECENT DRILLING SUCCESS FROM 4600 LEVEL Recent Drill Results • Hole 46-334: 1,294 g/t silver, 1.4% copper and 1.9% lead (1,508 g/t silver equivalent[1]) over 1.3 m[2] • Hole 46-335: 3,841 g/t silver, 4.0% copper and 14.5% lead (4,741 g/t silver equivalent) over 1.3 m 1.) AgEq was calculated using me
Slide 15: Recent Drilling Success From 5200 Level
RECENT DRILLING SUCCESS FROM 5200 LEVEL Recent Drill Results • Hole 52-503: 4,389 g/t silver and 0.4% copper (4,443 g/t silver equivalent[1]) over 0.2 m[2] • Hole 52-504: 959 g/t silver, 0.3% copper and 0.2% lead (1,002 g/t silver equivalent) over 1.5 m and: 1,292 g/t silver, 0.4% copper and 0.2% le
Slide 16: Galena Potential at Depth
GALENA POTENTIAL AT DEPTH GALENA COMPLEX IS 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 NYSEAmerican American USAS USAS||
Slide 17: Galena Valuation Potential
GALENA VALUTATION POTENTIAL GALENA SIGNIFICANTLY UNDERVALUED COMPARED TO BOTH DEVELOPERS AND PRODUCERS • Management believes USA is undervalued despite the mine having over $100 million in infrastructure in place with continued exploration potential • Average EV / AgEq oz (not including Americas Gol
Slide 18: Cosalá Operations
COSALÀ OPERATIONS NYSE American USAS | TSX USA
Slide 19: Cosalá Operations
COSALÀ OPERATIONS • Cosalá operating at full production rate of ~1,800 tpd • Potential to increase annual silver production to between 2.5-3.0 million ounces for next 4-5 years • SR Upper Zone in production • Marginal incremental capital for EC120; which will increase silver production in 2024 • Dri
Slide 20: Cosalá Operations - Exploration
COSALÀ OPERATIONS - EXPLORATION • Cosalá Operations underexplored since acquisition of Scorpio Mining • Recently reinterpreted historic geophysical information • Identified several geomagnetic targets on property near San Rafael & EC120 • The initial study identified seven major IP/MAG anomaly trend
Slide 21: Relief Canyon
RELIEF CANYON NYSE American USAS | TSX USA
Slide 22: Relief Canyon Update
RELIEF CANYON UPDATE • Fully permitted and built gold project with over 500,000 ounces gold resource • On August 13, 2021, the Company suspended mining operations at Relief Canyon in order to prioritize capital for the Cosalá Operations re-start • Metallurgical test work continues to find a profitab
Slide 23: Why Invest?
WHY INVEST? Re-Valuation Large North Potential American Resource Base Significant Proven leverage to Silver Management Team NYSE American USAS | TSX USA
Slide 24: Appendix
APPENDIX
Slide 25: Executive Management & Board of Directors
EXECUTIVE MANAGEMENT & BOARD OF DIRECTORS
Slide 26: Analysts
ANALYSTS FIRM ANALYST CONTACT Alliance Global Partners Jake Sekelsky 646-983-4000 Cormark Securities Richard Gray 416-943-6407 Desjardin Securities Inc. Jonathan Egilo 647-207-3961 H.C. Wainwright & Co. Heiko Ihle 212-356-0510
Slide 27: Attributable Mineral Reserves & Resources
ATTRIBUTABLE MINERAL RESERVES & RESOURCES As of June 30, 2022; Reserves and resources reflect 60/40 JV with Eric Sprott at Galena Complex. For further information related to mineral reserves and NI43-101 Technical Reports, please refer to the Company’s website www.americas-gold.com.
Slide 28: Notes for Mineral Reserves and Resources Estimates
NOTES for MINERAL RESERVES AND RESOURCES ESTIMATES The scientific and technical information relating to the operation of the Company’s material operating mining properties contained herein has been reviewed and approved by Chris McCann, P.Eng., VP Technical Services of the Company. The Company’s cur
Slide 29: Americas Gold & Silver Contact
AMERICAS GOLD & SILVER Stefan Axell [ VP, Corporate Development & Communication saxell@americas-gold.com NYSE American USAS | TSX USA
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