Americas GOLD and Silver Announces the Return to Nameplate Mill Production at the Cosalá Operations
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AMERICAS GOLD AND SILVER ANNOUNCES THE RETURN TO NAMEPLATE MILL PRODUCTION AT THE
COSALÁ OPERATIONS
TORONTO, ONTARIO— December 1, 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 Los Braceros plant has returned to nameplate production with a steady source of feed from a
combination of existing stockpiled ore and new production from the mine. San Rafael mine production
continues to ramp‐up and does not represent a bottleneck to mill production.
Initial production will focus on maximizing near‐term free cash flow by mining high‐grade zinc‐silver areas
of the Main Zone which were fully developed prior to the illegal blockade. Over the course of the next six
months, the mine will continue development into the Upper Zone, which carries silver grades
approximately 5‐6 times higher than the Main Zone. Mining the silver‐rich areas of the Cosalá Operations
is expected to significantly increase silver production to over 2.5 million ounces of silver per year.
“I am pleased to see that the Los Braceros plant has efficiently returned to nameplate production after a
brief ramp‐up period,” stated Americas Gold and Silver President & CEO Darren Blasutti. “We are currently
processing high‐grade material through the mill which should positively impact metal production, revenue
and cashflow through the balance of the year and continue into 2022. I would like to thank our work force
for all their efforts in an efficient and effective return to operations. I am confident the Company will have
a good start to 2022 with the re‐opening of the Cosalá Operations and the strong current metal prices.”
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 Cosalá Operations in Sinaloa, Mexico,
manages the 60%‐owned Galena Complex in Idaho, USA, and the Relief Canyon mine in Nevada, 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
Qualified Persons
Daren Dell, Chief Operating Officer, who is an employee of the Company and a “qualified person” under
National Instrument 43‐101, has approved the applicable contents of this news release.
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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.