Silver will outperform gold in 2021

Silver is expected to perform better than gold in the short to medium term, and Americas Gold and Silver's production strategy will evolve around that thesis, said CEO Darren Blasutti. "I think silver will do better than gold this year and for the next few years. I'm bullish on gold too, by the way, but we've had a really nice run with gold, I think silver is a little bit further I think the industrial demand offers a little more torque on the silver side, "said Blasutti. Blasutti's comments come as America's Gold and Silver's Relief Canyon Mine went into commercial production this month, a project that will significantly increase production and free cash flow. "It will generate about 60,000 ounces of gold this year," said Blasutti. "The average mine life of this facility is 90,000 ounces per year and $ 800 all-in sustaining cost, so if you have $ 1,850 gold, you will get $ 1,000 free cash flow per ounce produced." Production at Relief Canyon is expected to increase from 60,000 ounces to 80,000 ounces in 2022, then 90,000 ounces in 2023, and over 130,000 ounces in 2024. Blasutti noted that the challenges that COVID-19 brings with it are "even bigger" today.