Americas Gold and Silver Corporation is pleased to announce that it has entered into an amending agreement with Eight Capital, as agent, to upsize the previously announced private placement. In connection with the upsized offering, the Company will issue up to 25,000,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of up to C$7,500,000.
“The fourth quarter showed steady improvement with positive net income and reduced operating costs,” said Nathan Harte, Chief Financial Officer. “With lower per ounce costs and improved margins, we are well positioned for 2024. With costs stabilizing in Mexico, our team has worked diligently to preserve our cost structure. Working capital has improved throughout the year, up to close to $10 million at the end of the year and we remain confident in our plans to move forward with La Preciosa without significant capital spending.”
“Ongoing drilling at the high-grade Copala structure continues to demonstrate exceptional mineral continuity,” commented Michael Konnert, President & CEO. “Since the delivery of the updated mineral resource estimate in January 2024, we have been focused on de-risking Copala through infill and geotechnical drilling with two rigs ahead of the initial project PEA. Today’s results further highlight that Copala is a precious metals dominant, very wide near-surface structure with a grade-width profile that can support a potential mining scenario.”
Americas Gold and Silver Corporation is pleased to announce that it has entered into an agreement with Eight Capital, pursuant to which the Eight Capital has agreed to act as agent, on a “best efforts” basis, in connection with a private placement of up to 21,667,000 units of the Company at a price of C$0.30 per Unit for gross proceeds of up to C$6,500,100.
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