Americas Silver Corporation Provides a Galena Complex Operations Update
AMERICAS SILVER CORPORATION PROVIDES A GALENA COMPLEX OPERATIONS UPDATE
TORONTO, ONTARIO—June 14, 2018 —Americas Silver C orporation (TSX: USA) (NYSE “A merican”: USAS)
(“Americas Silver” or the “Company”) is providing an update of recent hoist‐related issues at its 100%‐
owned Galena Complex in Wallace, Idaho.
In late April 2018, there was a 10‐day suspension of milling while certain maintenance repairs were
completed in the No.3 Shaft. All ore and waste skipping is done using the No.3 shaft and hoist at the
Galena Complex. This repair program had been ongoing for the p ast three years with production
activities slowed every weekend to accommodate the repairs. The Company decided to complete all
remaining work in a short continuous period rather than prolong t h e r e p a i r s o v e r a p e r i o d o f
approximately six months, in order to more efficiently conclude t h e r e p a i r s w h i l e i m p r o v i n g m i n e
productivity and flexibility over the remainder of the year. D uring this period, mining was uninterrupted
and blasted material was stored underground until hoisting resu med. All work was successfully
completed however April production was impacted. Management expected the April shortfall to be
made up over the course of the year and May production met expectations.
On the evening of June 11, there was a mechanical failure in th e brake mechanism of the No.3 hoist. The
event occurred while the conveyance was stopped and with no load. Workers immediately began the
repair work and expect to have the hoist back in operation by the end of the month. Mining will be
suspended during this period with an associated loss of product ion for the duration of the repair work.
The workforce is co‐operating by scheduling vacation and person al leave days as possible. Galena
production in the current quart er will be below budget. The Co mpany is confident normal operation will
r e s u m e i m m e d i a t e l y a f t e r t h e r e p a i r w o r k i s c o m p l e t e d w i t h n o long‐term issues expected following
completion of the repair.
“We are continually striving to make Galena a safer, more predictable and profitable operation,” said
Darren Blasutti, President and CEO of Americas Silver Corporati on. “These two short‐term interruptions
in the second quarter are unfortunate but are necessary to not only stabilize future production, but grow
production at the Galena Complex.”
About Americas Silver Corporation
Americas Silver is a silver mining company focused on growth in precious metals from its existing asset
base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in
Sinaloa, Mexico and the Galena Complex in Idaho, USA. The Comp any holds an option on the San Felipe
development project in Sonora, Mexico.
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, the Company’s expectations intentions,
plans, assumptions and beliefs wit h respect to, among other thi ngs, the realization of exploration,
operational and development plans, the Cosalá Operations and Galena Complex as well as the Company’s
financing efforts. Often, but not always, forward‐looking information can be identified by forward‐looking
words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intend”, “estimate”, “may”, “assume”
and “will” or similar words suggesting future outcomes, or othe r expectations, beliefs, plans, objectives,
a s s u m p t i o n s , i n t e n t i o n s , o r s t a t e m e n t s a b o u t f u t u r e e v e n t s o r performance. Forward‐looking
information is based on the opinions and estimates of the Compa ny as of the date such information is
provided and is subject to known and unknown risks, uncertainti es, and other factors that may cause the
actual results, level of activit y, performance, or achievements of the Company to be materially different
from those expressed or implied by such forward looking informa tion. This includes the ability to develop
and operate the Cosalá and Galena properties, risks associated with the mining industry such as
economic factors (including future commodity prices, currency fluctuations and energy prices), ground
conditions and factors 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, possi ble variations in ore grade or recovery rates,
permitting timelines, capital expenditures, reclamation activities, social and political developments and
other risks of the mining industry. 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 anti cipated, estimated, or intended. Readers
are cautioned not to place undue reliance on such information. B y i t s n a t u r e , f o r w a r d ‐ l o o k i n g
information involves numerous assumptions, inherent risks and u ncertainties, both general and specific
that contribute to the possibility that the predictions, foreca sts, and projections of various future events
will not occur. The Company undertakes no obligation to update publicly or otherwise revise any
forward‐looking information whether as a result of new informat ion, future events or other such factors
which affect this information, except as required by law.
For more information:
Darren Blasutti
President and CEO
416‐848‐9503