Americas Gold and Silver Corporation Announces that its Large Radial Stacker has Returned to Service at Relief Canyon
December 07 2020 - 7:00AM
Business Wire
Americas Gold and Silver Corporation (TSX: USA) (NYSE American:
USAS) (“Americas” or the “Company”), a growing North American
precious metals producer, is pleased to report that its large
radial stacker has returned to operation on the Relief Canyon leach
pad. This will allow ore placement to return to the targeted rate
of approximately 14,500 tonnes per day (16,000 tons per day) from
the current rate of approximately 7,250 tonnes per day (8,000 tons
per day). The stacker suffered a structural failure in late May,
which required extensive repair work to be completed off-site. The
repaired unit was tested prior to delivery for a period of several
weeks by the fabricator, which included software upgrades aimed at
improving operator efficiency. While this led to a slight delay in
receiving the unit, the Company expects this will benefit the
operation in the longer term.
The Company anticipates commercial production will be reached at
the end of Q4-2020 with full production by the end of April 2021,
setting the Company up for a strong 2021.
“I am confident that the return and operation of the radial
stacker at Relief Canyon will allow the Company to exit a very
challenging year in 2020 and position the Company up for tremendous
success in 2021,” stated Americas Gold and Silver President &
CEO Darren Blasutti. “Commercial production at Relief Canyon
remains targeted for the end of Q4-2020 which I expect to
positively impact the Company overall.”
About Americas Gold and Silver Corporation
Americas Gold and Silver Corporation is a high-growth precious
metals mining company with multiple assets in North America. The
Company’s newest asset, the Relief Canyon mine in Nevada, USA, has
poured first gold and is expected to ramp up to full production
over the course of 2021. The Company also owns and operates the
Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned
Galena Complex in Idaho, USA. The Company has completed the
outstanding option acquisition agreement for the San Felipe
development project in Sonora, Mexico. For further information,
please see SEDAR or www.americas-gold.com.
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” within
the meaning of applicable securities laws. Forward-looking
information includes, but is not limited to, Americas Gold and
Silver’s expectations, intentions, plans, assumptions and beliefs
with respect to, among other things, estimated production rates and
results for gold, silver and other precious metals, as well as the
related costs, expenses and capital expenditures, the Company’s
construction, production, development plans and performance
expectations at the Relief Canyon Mine, its ability to finance,
develop and operate Relief Canyon, including the anticipated timing
of commercial production at Relief Canyon, the expected performance
of the radial stacker at Relief Canyon upon resumption of service
and operations of the radial stacker and related expected increase
in production thereafter as well as any potential positive impacts
on the Company’s common shares. Often, but not always,
forward-looking information can be identified by forward-looking
words such as “anticipate”, “believe”, “expect”, “goal”, “plan”,
“intend”, “potential’, “estimate”, “may”, “assume” and “will” or
similar words suggesting future outcomes, or other expectations,
beliefs, plans, objectives, assumptions, intentions, or statements
about future events or performance. Forward-looking information is
based on the opinions and estimates of Americas Gold and Silver as
of the date such information is provided and is subject to known
and unknown risks, uncertainties, and other factors that may cause
the actual results, level of activity, performance, or achievements
of Americas Gold and Silver to be materially different from those
expressed or implied by such forward-looking information. With
respect to the business of Americas Gold and Silver, these risks
and uncertainties include risks relating to widespread epidemics or
pandemic outbreak including the COVID-19 pandemic; the impact of
COVID-19 on our workforce, suppliers and other essential resources
and what effect those impacts, if they occur, would have on our
business, including our ability to access goods and supplies, the
ability to transport our products and impacts on employee
productivity, the risks in connection with the operations, cash
flow and results of the Company relating to the unknown duration
and impact of the COVID-19 pandemic; interpretations or
reinterpretations of geologic information; unfavorable exploration
results; inability to obtain permits required for future
exploration, development or production; general economic conditions
and conditions affecting the industries in which the Company
operates; the uncertainty of regulatory requirements and approvals;
fluctuating mineral and commodity prices; the ability to obtain
necessary future financing on acceptable terms or at all; the
ability to develop, complete construction, bring to production and
operate the Relief Canyon Project; and risks associated with the
mining industry such as economic factors (including future
commodity prices, currency fluctuations and energy prices), ground
conditions and other factors limiting mine access, failure of
plant, equipment, processes and transportation services to operate
as anticipated, environmental risks, government regulation, actual
results of current exploration and production activities, possible
variations in ore grade or recovery rates, permitting timelines,
capital and construction expenditures, reclamation activities,
labor relations or disruptions, social and political developments
and other risks of the mining industry. The potential effects of
the COVID-19 pandemic on our business and operations are unknown at
this time, including the Company’s ability to manage challenges and
restrictions arising from COVID-19 in the communities in which the
Company operates and our ability to continue to safely operate and
to safely return our business to normal operations. The impact of
COVID-19 on the Company is dependent on a number of factors outside
of its control and knowledge, including the effectiveness of the
measures taken by public health and governmental authorities to
combat the spread of the disease, global economic uncertainties and
outlook due to the disease, and the evolving restrictions relating
to mining activities and to travel in certain jurisdictions in
which it operate. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated, or intended. Readers are cautioned not to
place undue reliance on such information. Additional information
regarding the factors that may cause actual results to differ
materially from this forward‐looking information is available in
Americas Gold and Silver’s filings with the Canadian Securities
Administrators on SEDAR and with the SEC. Americas Gold and Silver
does not undertake any obligation to update publicly or otherwise
revise any forward-looking information whether as a result of new
information, future events or other such factors which affect this
information, except as required by law. Americas Gold and Silver
does not give any assurance (1) that Americas Gold and Silver will
achieve its expectations, or (2) concerning the result or timing
thereof. All subsequent written and oral forward‐looking
information concerning Americas Gold and Silver are expressly
qualified in their entirety by the cautionary statements above.
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version on businesswire.com: https://www.businesswire.com/news/home/20201207005284/en/
Stefan Axell VP, Corporate Development & Communications
Americas Gold and Silver Corporation 416-874-1708 Darren Blasutti
President and CEO Americas Gold and Silver Corporation
416‐848‐9503
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