Americas Silver Corporation Commences Production at Its San Rafael Mine
November 20 2017 - 7:42AM
Business Wire
Americas Silver Corporation (TSX: USA) (NYSE American: USAS)
(“Americas Silver” or the “Company”) is pleased to announce it has
commenced production from the San Rafael Mine as the sole source of
mill feed at the Company’s Cosalá Operations in Sinaloa, Mexico.
Initially, the Company is targeting a throughput of 1500 tonnes per
day. The mine is currently producing over 1000 tonnes per day as it
continues its ramp-up. There is a stockpile in excess of 25,000
tonnes of San Rafael ore and a further 50,000 tonnes of Nuestra
Señora ore at the mill, if required.
The San Rafael Mine is expected to drive significant earnings
and cash flow at current metals prices for shareholders starting in
Q1, 2018 and over the life of the mine. It is projected to provide
a meaningful reduction in the consolidated cash costs and all-in
sustaining costs. The Company expects that it will declare
commercial production at the mine before the end of Q4, 2017.
About Americas Silver Corporation
Americas Silver is a silver mining company focused on growth in
precious metals from its existing asset base and execution of
targeted accretive acquisitions. It owns and operates the Cosalá
Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho,
USA.
Daren Dell, Chief Operating Officer and a Qualified Person under
Canadian Securities Administrators guidelines, has approved the
applicable contents of this news release. For further information
please see SEDAR or www.americassilvercorp.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, the Company’s
expectations intentions, plans, assumptions and beliefs with
respect to, among other things, the realization of exploration,
operational and development plans (including the successful
completion of the San Rafael Project), the Cosalá Operations and
Galena Complex as well as the Company’s financing efforts. Often,
but not always, forward‐looking information can be identified by
forward‐looking words such as “anticipate”, “believe”, “expect”,
“goal”, “plan”, “intend”, “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 the Company 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 the
Company to be materially different from those expressed or implied
by such forward looking information. This includes the ability to
develop and operate the Cosalá and Galena properties, risks
associated with the mining industry such as economic factors
(including future commodity prices, currency fluctuations and
energy prices), ground conditions and factors 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 expenditures,
reclamation activities, social and political developments and other
risks of the mining industry. 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. By its nature,
forward-looking information involves numerous assumptions, inherent
risks and uncertainties, both general and specific that contribute
to the possibility that the predictions, forecasts, and projections
of various future events will not occur. The Company undertakes no
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.
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Americas Silver CorporationDarren BlasuttiPresident &
CEO416‐848‐9503
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