Americas Gold And Silver Corporation · TSX:USA
Americas Gold And Silver — Investor Presentation (September 2022)
25 slides from Americas Gold And Silver's investor presentation, September 2022
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 September 2022
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: Significant Exposure to Precious Metals
A HIGH-GROWTH, SILVER FOCUSED COMPANY SEVERAL OPERATIONS IN NORTH AMERICA Significant Exposure to Precious Metals • Multiple North American precious metal assets • Projecting significant 3-year increase in silver and silver equivalent production • Silver optionality through Cosalá and Galena • Cosal
Slide 4: Optionality to Silver
OPTIONALITY TO SILVER • Silver has underperformed gold Value Disparity: Comparison of Key Operating Metrics 140 120 Current Au / Ag Ratio =94:1 Gold/Silver Ratio 100 20 year average (Gold/Silver Ratio) 80 60 40 20 0 Jan - 2000 Jan - 2002 Jan - 2004 Jan - 2006 Jan - 2008 Jan - 2010 Jan - 2012 Jan - 2
Slide 5: Significant production growth in silver and silver equivalent expected
OPTIONALITY TO SILVER • Significant Value production Disparity:growth in both silver and silver equivalent expected Comparison of Key Operating Metrics over next couple of years 2021 2022 2023 2024 Actual(1) Guidance(1) Outlook(1) Outlook(1) Silver Production (ounces) 670,000 oz 1.4 – 1.8 Moz 2.4 –
Slide 6: Near Term Catalysts
NEAR TERM CATALYSTS • Attractive current valuation compared to silver producing peers; financing overhang Value Disparity: Comparison of Key Operating Metrics • Americas Gold and Silver currently trading 1 • $0.46 per silver resource ounce • 0.22x NAV2 based on consensus estimates • Senior Silver Pr
Slide 7: Cosalá Operations
COSALÁ OPERATIONS • Cosalá Operation operating at full SR Upper Zone production rate of ~1,800 tpd High Grade Silver Low Grade Zinc & Lead • At current silver and zinc prices, significant monthly free cash flow • Potential to increase annual production to 2.5 - 3.0 million • SR Upper Zone in product
Slide 8: Cosalá Operations Exploration
COSALÁ OPERATIONS EXPLORATION • Cosalá Operations property underexplored since acquisition of Scorpio Mining Cosalá North • Recently reinterpreted historic geophysical information San • Identified several geomagnetic Rafael targets on property near San Rafael and EC120 EC120 • The initial study iden
Slide 9: Cosalá Operations District Land Holdings
COSALÁ OPERATIONS COSALÁ OPERATIONS DISTRICT District LandCONCESSIONS Holdings NYSE American USAS | TSX USA 9
Slide 10: Galena Complex 60/40 Joint Venture
GALENA COMPLEX 60/40 JOINT VENTURE Idaho, USA • Significant increase to mineral resources1 based Resource Growth Since Start of Recapitalization on initial drilling (100% of asset) year over year Plan 120 612% • P&P – 20.9 Moz Ag (up 35% since 2018) Increase • M&I – 77.3 Moz Ag (up 221% since 2018)
Slide 11: Galena Complex
GALENA COMPLEX Idaho, USA Coeur Shaft Caladay Shaft #3 Shaft Galena Shaft AgEQ East Coeur (oz/ton) X Thickness Sea Level (feet) Silver Vein 360 Complex Planned Not to scale 72 Vein No Drilling Down Plunge of Trend Drilling • Significant exploration potential at depth; planned drilling includes: • Ea
Slide 12: 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 13: Success at Galena; More Expected
SUCCESS AT GALENA; MORE EXPECTED Significant Resource Growth from the Recapitalization Plan: • Updated resource estimate expected in Q3-2022 200 Mineral Inventory targeting increased mineral reserves and a global 180 resource of over 200 Moz • Silver at a discovery cost of <$0.10 per ounce 160 Recen
Slide 14: Galena Valuation Potential
GALENA VALUATION POTENTIAL GALENA SIGNIFICANTLY UNDERVALUED COMPARED TO BOTH DEVELOPERS AND PRODUCERS EV / AgEq oz (US$/oz) (LHS) AgEq Grade (g/t) (RHS) $10.00 1,000.0 $8.00 800.0 Silver Equivalent Resource Grade (g/t) $6.25 $6.00 600.0 EV/oz (US$/oz) $3.91 $4.00 400.0 $2.86 $2.24 $2.04 $2.00 200.0
Slide 15: Galena Complex Operations District Land Holdings
COSALÁ OPERATIONS GALENA COMPLEX OPERATIONS DISTRICT District LandCONCESSIONS Holdings NYSE American USAS | TSX USA 15
Slide 16: Relief Canyon Update
RELIEF CANYON UPDATE Nevada, USA • On August 13, 2021, the Company temporarily suspended mining operations at Relief Canyon in order to prioritize capital for the Cosalá Operations re-start • Gold continues to be produced through re-leaching activities NYSE American USAS | TSX USA 16
Slide 17: Relief Canyon Land Position
RELIEF CANYON LAND POSITION NYSE American USAS | TSX USA 17
Slide 18: Capital Structure
CAPITAL STRUCTURE Share Ownership Capital Structure Recent Price1 USD$0.50 Market Capitalization USD$92M Basic Common Shares2 184.3M Options 12.1M Warrants 2.6M Full Diluted Shares 199.0M Reserves and Resources3 Top Shareholders P&P M&I Inferred Pierre Lassonde Eric Sprott Silver 35M oz 79M oz 75M o
Slide 19: Why Invest?
WHY INVEST? Creating a High-Growth, Low-Cost, Silver Focused North American Company Large North American Re-Valuation Potential Resource Base Proven Low-Cost Operations Management Team Increasing Significant Precious Precious Metals Metals Growth Exposure NYSE American USAS | TSX USA 19
Slide 20: Appendix
Appendix NYSE American USAS | TSX USA 20
Slide 21: 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 22: 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. Jonathan Egilo 647-207-3961 H.C. Wainwright & Co. Heiko Ihle 212-356-0510 Laurentian Bank Barry All
Slide 23: Mineral Reserves and Resources
MINERAL RESERVES AND RESOURCES Proven and Probable Mineral Reserves Silver Mineral Reserves Proven Probable Proven and Probable Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (kt) (g/t) (koz) (kt) (g/t) (koz) (kt) (g/t) (koz) Total Silver 954 214 6,550 4,532 193 28,162 5,486 197 34,712
Slide 24: Notes for Mineral Reserves and Resources Estimates
NOTES FOR MINERAL RESERVES AND RESOURCES ESTIMATES Mineral Reserve estimates were prepared by Company personnel under the supervision of Daren Dell, P.Eng., the Company’s Chief Operating Officer. Mineral Resource estimates and technical or scientific information in this news release were prepared in
Slide 25: Stefan Axell
Stefan Axell VP, Corporate Development & Communication saxell@americas-gold.com 416-848-9503 www.americas-gold.com
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