Americas Gold and Silver (TSE:USA) has released an update.
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Americas Gold and Silver Corporation has secured a Credit and Off-Take Agreement with Trafigura for $15 million to advance the EC120 Project in Mexico, with an initial draw of $10 million. This project is expected to significantly boost the company’s silver production and revenues, with an anticipated increase in annual metal production to 2.5 million ounces of silver and 4.5 million pounds of copper. The successful development of the EC120 Project is projected to position Americas as a leading silver-focused company by the end of 2025.
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