ORONTO, ONTARIO--(Marketwired - May 26, 2016) - Americas Silver Corp. (TSX:USA)(OTCQX:USAPF) (the "Company") announced today that its Board of Directors (the "Board") has elected director Alex Davidson to the role of Chairman of the Board, effective today. Peter Hawley has stepped down as Chairman but will continue to act as a Director of the Company.
"Peter has been an integral part of the Company from day one as a founder and former President and Chief Executive Officer of its predecessor Scorpio Mining Company. On behalf of the Board, I want to thank him for his leadership and tireless commitment to the Company, and I am confident he will continue to be an integral part of the Board going forward" said Alex Davidson, Chairman of Americas Silver Corp.. "I am excited to take on the position and responsibility of Chairman and I look forward to continuing to work closely with Darren and our highly regarded management team to make the Company a world class intermediate precious metals producer."
About Mr. Davidson
Mr. Davidson is currently a corporate director and was formerly Executive Vice President, Exploration and Corporate Development at Barrick Gold Corp. ("Barrick"), with responsibility for Barrick's international exploration programs and corporate development activities until 2009. As Vice President Exploration in 1993, he initiated Barrick's expansion out of North America and into Latin America and beyond. Mr. Davidson has over 35 years' experience in designing, implementing and managing gold and base metal exploration and acquisition programs globally. In 2005, Mr. Davidson was presented the A.O. Dufresne Award by the Canadian Institute of Mining, Metallurgy and Petroleum to recognize exceptional achievement and distinguished contributions to mining exploration in Canada. In 2003, Mr. Davidson was named the Prospector of the Year by the Prospectors and Developers Association of Canada in recognition of his team's discovery of the Lagunas Norte Project in the Alto Chicama District in Peru. Mr. Davidson is also a director of Capital Drilling Limited, Perseus Mining Ltd., Orca Gold Inc., NuLegacy Gold Corp. and Yamana Gold Inc.
Cosalá Operations Update
The Company today reported that the Nuestra Señora mine has recommenced ore production and expects mill feed from the mine to be processed before the end of the week. As previously reported, the Cosalá Operations has been processing stockpiled Nuestra Señora material and ore from various known sources, including the past producing La Verde and La Estrella mines, since early April while mining was impacted by ground movement near the Nuestra Señora portal. Full access to the mine has been restored and management is confident that a similar interruption will not recur. |