- HIGH-GROWTH,LOW-COST
PRECIOUS METALS COMPANY IN NORTH AMERICA
- FIRST GOLD POUR COMPLETED AT RELIEF CANYON; Relief Canyon gold mine is expected to be in commercial production in Q4-2020
- Multiple North American precious metal assets
- Significant silver optionality through re-start at Cosalá and exploration results at Galena
- Projecting significant increase in silver production given positive momentum in silver prices
- Avg daily trading volume of ~3-4M shares
- Dual-listedon the NYSE American and TSX for increased liquidity
+500% INCREASE IN PRECIOUS METAL PRODUCTION BY 2021*
INCREASING LEVERAGE TO PRECIOUS METALS
PRECIOUS METAL REVENUE | PRECIOUS METALS RESERVES | ||
2021 OUTLOOK | 2020 ACTUAL | ||
2019 | PRECIOUS METALS = 75% | 2018 | PRECIOUS METALS = 80% |
ACTUAL | ACTUAL | ||
25% | 15% | ||
23% | |||
55% | |||
77% | 45% | 85% | |
75% | |||
Precious Metals | Precious Metals | ||
Base Metals | Base Metals | * 2021 production outlook as per Americas February 18, 2020 press release assuming spot prices | |
UPSIDE POTENTIAL | RESERVES AND RESOURCES 1 | ||
40% 2020 YEAR TO DATE PERFORMANCE * |
20% | ||||||||
0% | ||||||||
GDX | ||||||||
-20% | GDX-J | |||||||
Premier | ||||||||
Wesdome | ||||||||
-40% | Gold | |||||||
McEwen | ||||||||
Americas | ||||||||
-60%2019 | Gold | |||||||
JAN 2020 | FEB 2020 | MAR 2020 | APR 2020 | MAY 2020 | JUN 2020 | JUL 2020 | AUG 2020 |
AMERICAS DISCONNECT FROM GOLD AND GOLD EQUITIES PROVIDES OPPORTUNITY
*Up to September 10, 2020. Premier and Wesdome converted from CAD to USD
P&P | M&I | INFERRED | |
Gold | 610k oz | 44k oz | 27k oz |
Silver | 31M oz | 52M oz | 59M oz |
Zinc | 134M lbs | 787M lbs | 245M lbs |
Lead | 129M lbs | 517M lbs | 595M lbs |
Copper | 28M lbs | 28M lbs | 24M lbs |
Note: Pro forma 2021 production based on 2021 outlook as per Americas February 18, 2020 press release; gold equivalent production and gold equivalent reserves calculated using spot prices (US$26.73/oz Ag, US$1,942/oz Au, US$0.85/lb Pb, US$3.06/lb Cu and US$1.11/lb Zn).
1. Reserves and Resources reflect the 60/40 JV with Eric Sprott. For further notes related to mineral reserves please refer to the company's website www.americas-gold.com
INVESTOR RELATIONS
Andrea Totino | www.americas-gold.com | Suite 2870, 145 King St. West |
atotino@americas-gold.com | +1 416-848-9503 | Toronto, ON M5H 1J8 |
TSX: USA | NYSE American: USAS
RELIEF CANYON, Nevada
ACHEIVED FIRST GOLD POUR FEBRUARY 2020
• Project acquired at $1,180/oz gold
- Initial capital to first gold within budget of US$28-30 million
- Expected annual production of ~90,000 oz Au at AISC of ~$800/oz; ~6-year initial mine life1
- At current gold prices, Relief Canyon is a very high return project
- Significant exploration upside; <20% of 11,700-ha land package explored to date
- P&P reserves of 610,000 oz Au2 ; 24.8 Mt at 0.77 g/t
- July 2018 Feasibility Study available on the company's website at www.americas-gold.com.
- Resource is constrained to a $1,500 pit shell and is exclusive of reserves. For notes related to mineral reserves please refer to the company's website www.americas-gold.com.
COSALÁ OPERATIONS, Mexico
- Ability to adjust metal production quickly to changing commodity markets
- Large land package with exploration upside
SR Upper Zone
- High Grade Silver
- Low Grade Zinc & Lead
SR Main Zone
- Low Grade Silver
- High Grade Zinc & Lead
EC120
- High Grade Silver
- Low Grade Copper
- San Rafael mine built on-time and under budget
- At full production, exceeding pre-feasibility targets
- 2019 production of 0.6 million silver ounces
- Working towards restarting operation before year end
- Over 1 million silver ounces expected in 2021
- Potential to increase production to 2.5 - 3.0 million ounces in 2022
- Involves development of SR Upper Zone and EC120 for marginal incremental capital
GALENA COMPLEX, Idaho
60/40 Joint venture with Eric Sprott
- 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 that began in October 2019 is proceeding as expected with benefits in production, productivity and resource growth
- Deepest loading pocket on 5500 level completed improving productivity; Extensive repair completed to 5500 and 4300 levels allowing diamond drill stations to test vein extensions at depth
- Galena valuation based on analyst estimates is significantly undervalued compared to both developers and producers despite the fact that the mine has over $100 million in infrastructure in place with tremendous exploration potential
- Drilling to date encouraging, Initial results reporting bonanza silver-grades2
- Reserves and resources amended as per 60/40 JV with Eric Sprott. For further information related to mineral reserves please refer to the company's website www.americas-gold.com.
- Please refer to company's website for additional drill results
CAPITAL STRUCTURE
TSX: USA | NYSE American: USAS
Common Shares116M
Market Capitalization | $336M | ||||
52 Week Spread | $1.00 - $3.92 | ||||
Average Volume | ~3.0-4.0M | ||||
SHARE OWNERSHIP | |||||
34% | Other Institutional | ||||
Sprott | |||||
44% | Pierre Lassonde | ||||
Sandstorm | |||||
Other Insiders | |||||
8% | Retail | ||||
1% | 6% | 7% |
As at Sept.10, 2020. All figures are in USD unless otherwise stated
SIGNIFICANT PRECIOUS METAL GROWTH IN THE NEAR-TERM
2019 | 2020 | 2021 | |
Close Acquisition | FIRST GOLD POUR | COMMERCIAL PRODUCTION | |
and Financing |
RELIEF | Construction | Ramp-up | Steady-State Operations | ||
CANYON | & Exploration | ||||
PRODUCTION | |||||
SAN RAFAEL | Steady-State/Optimization | Begin Mining High-Grade Ag | |||
Upper Zone* | |||||
DEVELOPMENT | GALENA | Strategic Recapitalization Plan | Increased Production | ||
EC120 | Pre-Feasibility | Exploration Potential to Increase Size and Scale | |||
Study Complete | |||||
* 2021 production outlook as per Americas February 18, 2020 press release assuming spot prices |
TSX: USA | NYSE American: USAS
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Americas Gold and Silver Corporation published this content on 20 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2020 20:09:08 UTC