Americas Silver Corporation (TSX:USA) is a leading Canadian-based junior silver producer with assets in the Americas and a strong operating platform. Annual production for 2016 is expected to be 5.0 - 5.6 million silver equivalent ounces.The company has two established producing mines, a third mine in construction and an advanced stage exploration project.Construction has commenced on the San Rafael project located in Mexico that will increase the Company's silver equivalent production to 7.0-7.5 million ounces at $7.00-$8.00 silver all in sustaining costs in 2018.Americas Silver aims to deliver a compelling value proposition, leading silver leverage among junior silver producers and an attractive relative valuation. There are several components to this strategy:Diversified production base : We expect our Cosalá District operations in Sinaloa, Mexico and our Galena Complex in Idaho, USA to deliver sustainable annual production of approximately 5.0 - 5.6 million silver equivalent ounces.Improving cash cost profile : We anticipate a decline in cash costs as current operations and brownfield development assets are optimized and cost synergies are realized following the completion of our recent business combination with U.S. Silver & Gold.Robust reserve and resource base :
Our reserves and resources will support sustainable operations at current prices with further potential for profitable expansion at higher prices from existing earlier stage projects.Enhanced market presence : Americas Silver is considering listing its common shares on the NYSE "MKT" (a U.S. securities exchange) to increase trading volume and liquidity and to access a significantly deeper pool of new capital, greater international recognition and increased retail interest.
Company Name | Americas Silver Corporation |
Business Category | Silver |
Address | Suite 2870 145 King Street West Toronto Ontario Canada ZIP: M5H 1J8 |
President | Darren Blasutti |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
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Website | Locked content |