Americas Gold And Silver Corporation · TSX:USA
Americas Gold And Silver — Investor Presentation (December 2021)
23 slides from Americas Gold And Silver's investor presentation, December 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 December 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: A High-Growth, Silver Focused Company
A HIGH-GROWTH, SILVER FOCUSED COMPANY SEVERAL OPERATIONS IN NORTH AMERICA Significant Exposure to Precious Metals • Multiple North American precious metal assets • Silver optionality through Cosalá and Galena • Cosalá mine reopened – free cash flow at current metal prices • Resource growth at Galena
Slide 4: Optionality to Silver
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 in 2022 • Gale
Slide 5: Near Term Catalysts
NEAR TERM CATALYSTS • Attractive current valuation compared to silver producing peers Value Disparity: Comparison of Key Operating Metrics • Americas Gold and Silver currently trading • $0.75 per silver resource ounce • 0.41x NAV1 based on consensus estimates • Senior Silver Producers average 1.29x
Slide 6: Cosalá Operations
COSALÁ OPERATIONS • Illegal blockade resolved SR Upper Zone High Grade Silver • Cosalá Operation open at full Low Grade Zinc & Lead production rate of 1,800 tpd • At current silver and zinc prices, significant monthly free cash flow • Potential to increase production to 2.5 - 3.0 million ounces in 2
Slide 7: Cosalá Operations District Land Holdings
COSALÁ OPERATIONS COSALÁ OPERATIONS DISTRICT District LandCONCESSIONS Holdings NYSE American USAS | TSX USA 7
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) year over year • P&P – 16.6 Moz Ag (up 38%) • M&I – 64.2 Moz Ag (up 72%) • Inferred – 106.5 Moz Ag (up 36) • Anticipated increased production to 2.0 million ounces of
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 East Coeur Silver Vein 360 Complex 72 Vein • Significant exploration potential at depth; planned drilling includes: • Early drilling success from new 5500 Level drill station targeting extension of prolific Silver Vein • 360 Complex – Planned drilling as 5500 Level advances
Slide 11: Success at Galena; More Expected
SUCCESS AT GALENA; MORE EXPECTED Significant Resource Growth from the Recapitalization Plan: • Updated resource estimate surpassed targeted goal for at least another 50 million ounces of silver 200 • Current discovery cost of <$0.05 per ounce 180 • Additional resource expansion/conversion 160 Recent
Slide 12: Galena Valuation Potential
GALENA VALUATION POTENTIAL GALENA SIGNIFICANTLY UNDERVALUED COMPARED TO BOTH DEVELOPERS AND PRODUCERS EV / AgEq oz (US$/oz) (LHS) AgEq Grade (g/t) (RHS) $12.50 1,250.0 $10.00 1,000.0 Silver Equivalent Resource Grade (g/t) $7.42 $7.50 750.0 EV/oz (US$/oz) $6.38 $5.00 $4.49 500.0 $3.69 $3.02 $2.96 $2.
Slide 13: Galena Complex Operations District Land Holdings
COSALÁ OPERATIONS GALENA COMPLEX OPERATIONS DISTRICT District LandCONCESSIONS Holdings NYSE American USAS | TSX USA 13
Slide 14: Relief Canyon Update
RELIEF CANYON UPDATE Nevada, USA • On August 13, 2021, the Company decided to temporarily suspend mining operations at Relief Canyon in order to prioritize capital for the Cosalá Operations re-start while it continues leaching operations and ongoing metallurgical test work • The ramp-up at Relief Ca
Slide 15: Relief Canyon Land Position
RELIEF CANYON LAND POSITION NYSE American USAS | TSX USA 15
Slide 16: Capital Structure
CAPITAL STRUCTURE Share Ownership Capital Structure Recent Price1 USD$0.83 Market Capitalization USD$136M Basic Common Shares2 164.4M Options 12.6M Warrants 4.0M Full Diluted Shares 181M Reserves and Resources3 Top Shareholders P&P M&I Inferred Pierre Lassonde Eric Sprott Silver 33M oz 72M oz 77M oz
Slide 17: 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 Leading Precious Precious Metals Metals Growth Exposure NYSE American USAS | TSX USA 17
Slide 18: Appendix
Appendix NYSE American USAS | TSX USA 18
Slide 19: 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 20: 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 21: Mineral Reserves and Resources
MINERAL RESERVES AND RESOURCES Proven and Probable Mineral Reserves ‐ June 30, 2021 Inferred Mineral Resources ‐ June 30, 2021 Silver Mineral Reserves Gold and Silver Mineral Resources Proven Probable Proven and Probable Inferred Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Gra
Slide 22: 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 23: Stefan Axell
Stefan Axell VP, Corporate Development & Communication saxell@americas-gold.com 416-848-9503 www.americas-gold.com
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