Americas Gold and Silver begins commercial production at Relief Canyon
Carl Surran, 11 January 2021
Americas Gold and Silver (NYSEMKT:USAS) declares the start of commercial production at its Relief Canyon mine in Nevada, with full ramp-up for the operation targeted for May.
The company says the operation has consistently met the required stacking rates since the return of the mine’s large radial stacker in December, which was the final item required to declare commercial production. The stacker suffered a structural failure in May, requiring extensive repair work to be completed off-site.
2020 was an “extremely disappointing year” for Americas Gold & Silver, with a massive drop in metals output and revenue Y/Y due to issues at Cosala and delays at Relief Canyon, Taylor Dart notes in an analysis posted on Seeking Alpha.
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