Americas GOLD and Silver Provides Update ON Relief Canyon
1
AMERICAS GOLD AND SILVER PROVIDES UPDATE ON RELIEF CANYON
TORONTO, ONTARIO—September 10, 2020—Americas Gold and Silver Corporation (TSX: USA) (NYSE
American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer,
today provides an update on the ramp‐up of the Relief Canyon mine toward commercial production.
Highlights
● Since placing first ore on the 6W leach pad on August 4, 2020, leach solution grade coming from
the pad has increased significantly and is operating within expected norms.
● Continued improvements to operating practices will improve consistency of heap performance and
reduce operating costs.
● Commercial production remains targeted for Q4‐2020.
“The Company is thrilled to report that the new section of the leach pad is operating according to plan”
stated Americas President and CEO Darren Blasutti. “Leach solution grade has bumped up nicely which
bodes well for continued increases in gold production and a strong finish to the year. We remain
committed to declaring commercial production before the new year.”
On August 4, 2020, the Company began stacking higher‐grade ore from lower levels of the pit and applied
revised and improved operating practices. Based on a month of operating data, the Company is pleased
to report that the leach solution grade from the pad has significantly increased and modelled leach
recovery is trending towards feasibility levels.
As highlighted previously, the operation is currently employing a temporary stacker with a capacity of
approximately 8,000 tonnes per day. With the reduced stacking rate, the Company is taking the
opportunity to prioritize waste stripping as the operation currently has a large run of mine ore stockpile of
over 200,000 tons. With the increased waste stripping, the Company will have added operational flexibility
to optimize production moving forward. The return of the radial stacker, with a capacity of 16,000 tonnes
per day, is scheduled for mid‐Q4‐2020.
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’s newest asset, the Relief Canyon mine in Nevada, USA, has poured
first gold and is expected to ramp up to full production over the course of 2020. The Company also owns
and operates the Cosalá Operations in Sinaloa, Mexico and manages the 60%‐owned Galena Complex in
Idaho, USA. The Company has completed the outstanding option acquisition agreement for the San Felipe
development project in Sonora, Mexico, subject to closing conditions. For further information, please see
SEDAR or www.americas‐gold.com.
2
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.
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 production rates
and results for gold, silver and other precious metals, as well as the related costs, expenses and capital
expenditures, the Company’s construction, production, development plans and performance expectations
at the Relief Canyon Mine, its ability to finance, develop and operate Relief Canyon, including the
anticipated timing of commercial production at Relief Canyon. 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 develop,
complete construction, bring to production and operate the Relief Canyon Project; 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
3
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 operate. 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.