Americas Gold and Silver Prepares to Reopen Its Cosalá Operations, Mexico
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Americas Gold and Silver Corporation released an update to the re-opening plan for the company’s Cosalá Operations.
After signing an agreement with the Mexican government and the SNM Union to permanently re-open the Cosalá Operations on July 6, 2021, the company jointly inspected the facilities with Union representatives and Government Labor inspectors. Both the mine and the mill appear to be in good condition. A re-start plan has been developed by local management and reviewed by the corporate office.
Mexican government inspectors from the Mexican Ministry of Labor will be in Cosalá this week to review the re-start plans, which should allow the company to begin recalling employees immediately following the completion of the inspection.
Based on the favorable condition of the mine, the company anticipates that both the mine and the mill will be operating by the end of August 2021 and for the Cosalá Operation to be at full capacity by the start of Q4-2021. The operation also has approximately 70,000 tonnes of ore in stockpile that can be processed as a contingency.
Once production has been initiated, it is anticipated that the current higher silver prices will allow the company to target the higher-grade silver ores in the upper zone of San Rafael and develop the silver-copper EC120 project. Mining these silver-rich areas of the Cosalá Operations 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 expects to significantly increase silver production over the next few years.
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 owns and operates the Relief Canyon mine in Nevada, the Cosalá Operations in Sinaloa, Mexico, and manages the 60 percent owned Galena Complex in Idaho. The company also owns the San Felipe development project in Sonora, Mexico.
To stop by Americas Gold and Silver’s website, CLICK HERE
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