Americas Silver (TSX: USA; NYSE: USAS) expects to start producing gold before year-end at its fully funded Relief Canyon project in Nevada, 153 km northeast of Reno.
The mine will produce about 91,000 oz. gold per year over a 5.6 year mine life at all-in sustaining costs (AISCs) of US$801 per ounce.
Americas Silver picked up the project – which includes three historic open pit mines and a fully permitted and constructed heap leach processing facility – through its acquisition of Pershing Gold, a transaction announced in September 2018 that closed in April 2019.
The company has a financing agreement with Sandstorm Gold (TSX: SSL; NYSE: SAND) for US$42.5 million to restart the mine.
Continue reading at The Northern Miner.