Brief: Americas Silver Corp - Gave Approval To Commence Construction Of Expanded Mining And Heap Leaching Facilities At Relief Canyon Construction Project

Americas Gold and Silver

04/04/2019 11:19

April 4 (Reuters) - Americas Silver Corp  USA.TO :
    * AMERICAS SILVER CORP - GAVE APPROVAL TO COMMENCE
CONSTRUCTION OF
EXPANDED MINING AND HEAP LEACHING FACILITIES AT RELIEF CANYON
CONSTRUCTION PROJECT
    * AMERICAS SILVER CORP - CAPITAL COST TO DEVELOP PROJECT TO
INITIAL GOLD POUR IS ESTIMATED TO BE APPROXIMATELY US$28-30
MILLION
    * AMERICAS SILVER CORP -  AN ADDITIONAL US$8 MILLION IN
WORKING
CAPITAL IS ALSO REQUIRED PRIOR TO PROJECT SUSTAINING POSITIVE
CASH FLOW
    * AMERICAS SILVER CORP - COMPANY EXPECTS TO ACHIEVE FIRST
GOLD
POUR FROM PROJECT IN LATE Q4, 2019 OR EARLY Q1, 2020.
    * AMERICAS SILVER CORP - ENTERED INTO FINANCING AGREEMENTS
WITH
SANDSTORM TO PRIMARILY FUND CONSTRUCTION OF PROJECT AND
ASSOCIATED WORKING CAPITAL
    * AMERICAS SILVER CORP - ENTERED INTO A US$42.5 MILLION
FINANCING
PACKAGE FOR PROJECT

Source text: (http://bit.ly/2CY5gOT)
Further company coverage:  USA.TO 

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