Americas GOLD and Silver Hosts Official Opening Ceremony FOR Cosalá Operations
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AMERICAS GOLD AND SILVER HOSTS OFFICIAL OPENING CEREMONY FOR COSALÁ OPERATIONS
TORONTO, ONTARIO— January 24, 2022— Americas Gold and Silver Corporation (TSX: USA) (NYSE
American: USAS) (“Americas” or the “Company”) hosted an official opening ceremony for the Company’s
Cosalá Operations on Friday, January 21, 2022.
The ceremony included the Company’s President and CEO, Darren Blasutti, the Mexican Minister of
Economy, Tatiana Clouthier, the Governor of the State of Sinaloa, Rubén Rocha Moya and the Cosalá
Mayor, Carla Corrales.
All three government representatives spoke passionately about the importance of the mine to the local
community, the Sinaloa state and the Country. They thanked the Company for its perseverance during the
illegal blockade and the commitment of capital to re‐open the mine. In addition, they pledged their support
and resources to keep the mine open permanently. The inclusion of these high‐ranking government
officials demonstrates the tremendous support for the Cosalá Operations as well as the strengthened
relationship between the Company and all levels of government to ensure stable conditions for the
operations moving forward.
“I was pleased to personally welcome the Mexican Minister of Economy and the Governor of the State of
Sinaloa to the San Rafael Mine in Cosalá and to witness firsthand their tremendous support for the mine
and the community of Cosalá. They appreciated our commitment to the local community and promised to
enforce all conditions required to allow for stable and profitable operations moving forward,” stated
Americas Gold and Silver President & CEO Darren Blasutti. “Following a challenging 19 months during the
illegal blockade, I would like to thank our workforce for all their efforts in an efficient and effective return
to operations. The plant is now operating at the targeted level of production which, combined with the
current metal prices, should generate significant amount of free cash flow for the Company moving
forward.”
The speeches made by the three government representatives as well as English transcripts can be found
on the Company's website under the Cosalá Operations section using the following link:
https://americas‐gold.com/operations/cosala‐operations/reopening‐ceremony‐speeches/
Initial production at the Cosalá Operations will focus on maximizing near‐term free cash flow by mining
high‐grade zinc 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 on an
annualized basis.
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 is re‐evaluating the Relief Canyon mine in
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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
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 continued resolution of the illegal blockade at the Company’s Cosalá
Operations and the maintained restart of mining operations. 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
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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
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.