Americas Gold and Silver Corporation engages in the acquisition, exploration, and development mineral resource properties in Mexico and the United States.
The company is a precious metals producer with two operations in the world's leading silver mining regions: the Galena Complex in Idaho, the U.S.A. and the Cosalá Operations in Sinaloa, Mexico. The company also owns the Relief Canyon project in Nevada, U.S.A. following a suspension of mining activities in August 2021.
In Idaho, U.S.A., the c...
Americas Gold and Silver Corporation engages in the acquisition, exploration, and development mineral resource properties in Mexico and the United States.
The company is a precious metals producer with two operations in the world's leading silver mining regions: the Galena Complex in Idaho, the U.S.A. and the Cosalá Operations in Sinaloa, Mexico. The company also owns the Relief Canyon project in Nevada, U.S.A. following a suspension of mining activities in August 2021.
In Idaho, U.S.A., the company operates the 60%-owned producing Galena Complex (40% owned by Sprott) whose primary assets are the operating Galena mine, the Coeur mine, and the contiguous Caladay development project in the Coeur d’Alene Mining District of the northern Idaho Silver Valley. The Galena Complex has recorded production of over 230 million ounces of silver along with associated by-product metals of copper and lead over a production history of more than sixty years. The company entered into a joint venture agreement with Sprott effective October 1, 2019, for a 40% non-controlling interest of the Galena Complex.
In Sinaloa, Mexico, the company operates the 100%-owned Cosalá Operations, which is producing from the San Rafael orebody having declared commercial production in December 2017. Prior to that time, it operated the Nuestra Señora silver-zinc-copper-lead mine which began commercial production after commissioning the Los Braceros processing facility in January 2009. The Cosalá area land holdings also host several other known precious metals and polymetallic deposits, past-producing mines, and development projects, including the Zone 120 silver-copper deposit and the El Cajón silver-copper deposit. These properties are located in close proximity to the Los Braceros processing plant. The company also owns a 100% interest in the San Felipe development project in Sonora, Mexico, which it acquired on October 8, 2020.
In Nevada, the U.S.A., the company has put the 100%-owned, Relief Canyon mine located in Pershing County into care and maintenance. The mine poured its first gold in February 2020 and declared commercial production in January 2021. Operations were suspended in August 2021 in order to resolve technical challenges related to the metallurgical characteristics of the deposit. The project includes three historic open-pit mines, a crusher, ore conveying system, leach pads, and a refurbished heap-leach processing facility. The landholdings at Relief Canyon and the surrounding area cover over 11,700 hectares, providing the company the potential to expand the Relief Canyon deposit and to explore for new discoveries close to existing processing infrastructure.
The company is also focused on extending the mine life of its assets through exploration and continuing the path to profitability at the Galena Complex. The company will continue exploring and evaluating prospective areas accessible from existing infrastructure and the surface at the Galena Complex, and early-stage targets with an emphasis on the Cosalá District.
Mineral Properties
Galena Complex, the U.S.A.
The company is the operator of the Galena Complex located in the eastern part of the Coeur d’Alene Mining district, one of the preeminent silver, lead and zinc producing areas in the world, near the base of the panhandle of northern Idaho, U.S.A. The Galena Complex consists of the Galena mine, the Galena processing plant, the Osburn tailings impoundment, the idle Coeur mine and Coeur processing plant (on care and maintenance) and the Caladay exploration property.
The Galena Complex is owned 60% by the company. The company owns and operates the Galena Complex through its wholly owned subsidiary, U.S. Silver Idaho Inc.
The Galena Complex is located in the Coeur d’Alene Mining District in Shoshone County, Idaho, a prolific silver producing district since the mid-1800s, located two miles west of the town of Wallace. Spokane, Washington is about 75 miles to the west and Missoula, Montana is about 110 miles to the east. The property is about 1 mile south of Interstate Highway I-90.
The property covers 8,915 acres, over an area of about 9 miles long east to west, and 2 miles wide north to south. The Galena Complex consists of two processing plants, Galena and Coeur.
Cosalá Operations Mexico
The company is the owner of the Cosalá Operations located in the east-central portion of the state of Sinaloa, Mexico. The Cosalá Operations consists of the San Rafael mine, the Los Braceros processing plant, and tailings storage facility, the EC120 Project, and the past producing Nuestra Señora mine.
The Cosalá Operations is 100% owned and operated by Americas’ wholly owned subsidiaries, Platte River Gold Inc. (Platte River Gold), Minera Platte River Gold S. de R.L. de C.V. (Minera Platte) and Minera Cosalá S.A. de C.V. (Minera Cosalá).
The San Rafael mine and EC120 Project are located in the Cosalá district, east-central Sinaloa, Mexico. Some of the concessions that form the property extend into adjacent Durango. Cosalá is approximately 180km by road from the city of Mazatlán. The San Rafael mine and EC120 Project are 12km north-northeast of the town of Cosalá. The Los Braceros plant is located approximately 6km east of the town of Cosalá and the past-producing Nuestra Señora mine another 4km southeast of the plant.
The property consists of 67 mining concessions covering a total area of 19,391ha. These concessions and fractional concessions are 100% owned by the company’s subsidiaries Minera Platte and Minera Cosalá.
Relief Canyon Mine, the U.S.A.
The company is the owner of the Relief Canyon mine, which is on care and maintenance. The Relief Canyon project is located on the southwestern flank of the Humboldt Range near Lovelock, Nevada, the U.S.A. The Relief Canyon mine consists of an open pit mine and an absorption, desorption, and recovery processing plant.
The Relief Canyon mine is 100% owned and operated by the company’s wholly owned subsidiaries, Pershing Gold, and Gold Acquisition Corp. (GAC).
History
The company was incorporated under the Canada Business Corporations Act in 1998. It was formerly known as Scorpio Mining Corporation and changed its name to Americas Silver Corporation in 2015. Further, the company changed its name to Americas Gold and Silver Corporation in 2019.