TORONTO, Feb. 3, 2020 /PRNewswire/ -- Americas Gold
and Silver Corporation (TSX: USA)
(NYSE American: USAS) ("Americas" or the "Company"), a growing
North American precious metals producer, announced that a group of
individuals has illegally blockaded access to facilities at the
Cosalá Operations. The faction includes a small minority of the
Company's unionized workers. The Company has already filed
the legal motions with the Government of Mexico at the state and federal levels but
remains receptive to having good-faith discussions with the proper
representatives of the certified union. As a result of the
illegal blockade at the site, the Company has temporarily
halted mining and processing operations. Americas firmly
believes that worker and community interests are best served by
lifting the protest and not through an illegal and unproductive
blockade that is damaging to all stakeholders. The Company
hopes to resolve this dispute in a timely fashion.
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,
Relief Canyon in Nevada, USA,
poured first gold in January 2020 and
will 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 also holds an option on the San Felipe development project in Sonora, Mexico. For further information,
please see SEDAR or www.americas-gold.com
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, the resolution and removal of
the illegal blockade at the Company's Cosala 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 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 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,
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 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 filings with
the Canadian Securities Administrators on SEDAR and with the SEC.
Americas 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
does not give any assurance (1) that Americas will achieve its
expectations, or (2) concerning the result or timing thereof. All
subsequent written and oral forward‐looking information concerning
Americas are expressly qualified in their entirety by the
cautionary statements above.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/americas-gold-and-silver-reports-illegal-blockade-at-cosala-operations-in-mexico-300997569.html
SOURCE Americas Gold and Silver Corporation
