Americas GOLD and Silver Provides Update ON Relief Canyon
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AMERICAS GOLD AND SILVER PROVIDES UPDATE ON RELIEF CANYON
TORONTO, ONTARIO—October 14, 2020—Americas Gold and Silver Corporation (TSX: USA) (NYSE
American: USAS) (“Americas” or the “Company”), is pleased to provide an update on the continued
successful ramp‐up of the Relief Canyon mine in Nevada as it progresses towards commercial production.
Highlights
● Pregnant solution grade has increased over 400% since August 2020.
● With ore leaching well, the resulting increase expected from the return of the repaired radial
stacker in the first week of November is the only remaining requirement to reach commercial
production at the mine.
● Commercial production remains targeted for Q4‐2020.
“The pregnant solution grade has consistently increased since August which has further boosted our
confidence of declaring commercial production in Q4‐2020,” stated Americas President and CEO Darren
Blasutti. “With the return of our radial stacker in early November, the operation will be able to double the
daily stacking rate and significantly increase the amount of ore under leach and daily gold production. With
the increased pregnant solution grade and stacking rate, we expect the Relief Canyon mine to start
generating meaningful sustainable free cash flow.”
In early August 2020, the Company began stacking higher‐grade ore sourced from more continuous
mineralization of the Main Zone and applied revised and improved operating practices as greater
knowledge was gained about the orebody. As demonstrated in the chart below, the Company is pleased
to report that the pregnant solution grade from the pad has significantly increased and modelled leach
recovery is trending towards feasibility levels.
Figure 1: 5‐day trailing average pregnant solution grade since August 12, 2020
0.0000
0.0010
0.0020
0.0030
0.0040
0.0050
0.0060
0.0070
0.0080
0.0090
0.0100
12‐Aug 19 ‐Aug 26 ‐Aug 2 ‐Sep 9 ‐Sep 16 ‐Sep 23 ‐Sep 30 ‐Sep
Pregnant Solution Grade (ounce per ton) Solution Grade increased by
over 400% since Aug 12
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Figure 1 shows the 5‐day trailing average pregnant solution grade feeding the ADR plant. Gold production
will continue to increase as more ore is stacked and the area under irrigation expands.
The Company expects the large radial stacker to be back at site in early November, which will increase daily
production from approximately 8,000 tons per day to the targeted 16,000 tons per day. Following the
failure of the large radial stacker, it has been determined that the failure was due to a steel quality issue
and not operator error or manufacturer defect. The increased stacking rate will allow the operation to
accelerate the amount of material placed on the leach pad, increase the area under leach and increase
daily gold production.
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
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. 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.
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, the anticipated increase in production levels
realized by the return of the radial stacker, the Company’s liability for repairs relating to the previous
stacker failure, pregnant solution grade and leach recovery levels and trends and the expected generation
of meaningful sustainable free cash flow at Relief Canyon and 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
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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 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.