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Americas Gold and Silver recalls workers, commences Cosalá re-opening

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(Kitco News) - Americas Gold and Silver (TSX: USA) (NYSE American: USAS) today provided an update to the re-opening of the company’s Cosalá Operations in Mexico.

The company reported it began recalling its workers as of September 11, 2021 and commenced re-opening the operation as of September 13, 2021 as the employees arrived on site.

Given the favourable conditions of both the mine and mill, new mine production and concentrate is expected to start shipping in October 2021, the company said in its statement.

Americas noted that inspectors from the Mexican Ministry of Labour have physically inspected the San Rafael mine and Los Braceros mill and reviewed the re-start plans, which validated the existing safe conditions at the operations. The company said it now has unobstructed access to both the mine and mill at the Cosalá Operations.

Once in operation, it is anticipated that the current higher silver prices will allow the company to target the higher-grade silver ores, which is expected to significantly increase silver production to over 2.5 million ounces of silver per annum in the years following the re-start.

Coupled with the exploration success at the Galena Complex in Idaho, where the company is targeting to reach peak historical annual production levels of approximately 5 million ounces per year, the company said it expects to significantly increase silver production over the next few years.

Americas Gold and Silver Corporation is a precious metals mining company with multiple assets in North America. The company owns and operates the Relief Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA.

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