Americas GOLD and Silver Announces Recall of Workers at the Cosalá Operations
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AMERICAS GOLD AND SILVER ANNOUNCES RECALL OF WORKERS AT THE COSALÁ OPERATIONS
TORONTO, ONTARIO— September 14, 2021 —Americas Gold and Silver Corporation (TSX: USA) (NYSE
American: USAS) (“Americas” or the “Company”) is pleased to provide an update to the re‐opening of the
Company’s Cosalá Operations.
The Company 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.
Government 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 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 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, USA, the
Cosalá Operations in Sinaloa, Mexico and manages the 60%‐owned Galena Complex in Idaho, USA. The
Company also owns the San Felipe development project in Sonora, Mexico. For further information, please
see SEDAR or www.americas‐gold.com.
For more information:
Stefan Axell Darren Blasutti
VP, Corporate Development & Communications President and CEO
Americas Gold and Silver Corporation Americas Gold and Silver Corporation
416‐874‐1708 416‐848‐9503
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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 and targeted
production rates and results for gold, silver and other precious metals, the expected prices of gold, silver
and other precious metals, as well as the related costs, expenses and capital expenditures; the reopening
at the Cosalá Operations, including the expected production levels and potential additional mineral
resources thereat; the expected resolution of the illegal blockade at the Company’s Cosalá Operations and
the restart of mining operations, including the expected timing thereof. 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 operate the Company’s operations ; 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 operates. 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
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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.