the canadian company Americas Gold and Silver announced that it will invest 30 million dollars in its San Rafael mine in Cosalá, Sinaloa, during the next three years.
“After a challenging 19 months during the illegal lockdown, I would like to thank our workforce for all their efforts in an efficient and effective return to operations,” Americas Gold and Silver President and CEO Darren Blasutti said in a statement. statement issued this Monday by the company.
The San Rafael mine it produces silver, zinc and lead and is in a process of expansion.
“The plant is now operating at the targeted level of production which, combined with current metal prices, should generate a significant amount of free cash flow to move the company forward,” Blasutti added.
Americas Gold and Silver Corporation organized last Friday an official ceremony on the resumption of operations, which was attended by Blasutti; the Secretary of the Economy of Mexico, Tatiana Clouthier, the Governor of Sinaloa, Rubén Rocha Moya, and the mayor of Cosalá, Carla Corrales.
“We are determined to confirm our confidence to invest in Mexico. That is why we announced new investments for the operation of the San Rafael mine for more than 30 million dollars over the next three years, which are intended to strengthen its operation, innovate with new equipment, increase employment opportunities and position the mine as one of the best in the whole country”, commented Blasutti.