Americas Gold and Silver Corporation

09:49 AM EST - Americas Gold and Silver Corporation : Announced that Relief Canyon poured its first gold over the weekend and provide the Company's production outlook for 2020 and 2021 as well as operating results for 2019. As previously released, the Galena Complex is not included in any projections as the focus is on the recapitalization plan. All amounts are expressed in U.S. dollars unless otherwise noted. The Company successfully poured first gold at its Relief Canyon gold mine and has completed initial construction within the estimated budget of $28 to $30 million. Precious metals production is expected to significantly increase over the next two years as production ramps up at Relief Canyon coupled with an anticipated increase in silver production from the Cosalá Operations starting in the second half of 2020. The Company's gold equivalent production is expected to increase from approximately 14,000 ounces in 2019 to a range of 60,000 to 70,000 ounces in 2020 and 90,000 to 110,000 ounces in 2021, greater than a 300% and 500% increase, respectively, in gold equivalent production compared with 2019. The two-year outlook does not include production from the Galena Complex following the announcement of the recapitalization plan for 2020. Americas Gold and Silver Corporation shares T.USA are trading down $0.03 at $4.00.