Americas Silver Corp Pres April 15 2016- Zurich ... · • Galena Complex in Idaho, USA • Cosalá Operations in Sinaloa, Mexico - San Rafael development project • Proven Management

A Leading Silver Producer in The Americas

OTC:USAPFFrankfurt:SZ7

TSX:USAApril2016

AmericasSILVER CORPORATION

FORWARD LOOKING STATEMENTS - SAFE HARBOUR AND OTHER DISCLOSURES TSX:USA

Certain information in this presentation may contain forward-looking statements. This information is based on current expectations that are subject to significant risks, assumptions and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. All statements, other than statements of historical fact, included in the presentation, including, without limitation, statements regarding potential mineralization and reserves, the San Rafael pre-feasibility study, exploration results, and future plans and objectives of Americas Silver, are forward-looking statements. Words such as “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “intend”, “believe” and other similar expressions are forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather reflect our current views with respect to future events and are subject to risks, uncertainties, assumptions and other factors, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that such forward-looking statements will prove to be accurate. Americas Silver assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Americas Silver . Additional information identifying risks and uncertainties is contained in filings by Americas Silver with the Canadian securities regulators, which filings are available at www.sedar.com.

Some of the potential quantities and grades disclosed are conceptual in nature, there has been insufficient exploration to define a mineral resource on all of the mineralization at the Galena Complex and Cosalá Operations and it is uncertain if further exploration will result in certain targets being delineated as a mineral resource.

An additional Cautionary Note to Investors – In the event that we use certain terms in this presentation, such as “resource”, “measured resource”, “indicated resource” and “inferred resource”. U.S. investors are cautioned that, while such terms are recognized and required by Canadian Securities Laws, the United States Securities and Exchange Commission does not recognize them. Under U.S. standards,mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination has been made. U.S. investors should not assume that all or any part of measured or indicated resources will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Accordingly, information concerning descriptions of mineralization in this presentation may not be comparable to information made public by companies that are subject to the SEC’s Industry Guide 7.

Mr. Daren Dell, Vice President, Technical Services and a Qualified Person under Canadian Securities Administrators guidelines has approved the applicable contents of this presentation.


AMERICAS SILVER TODAY TSX:USA

• Two primary operating assets in the Americas • Galena Complex in Idaho, USA • Cosalá Operations in Sinaloa, Mexico

- San Rafael development project• Proven Management Team & Board

• Reduced silver all-in sustaining cash costs by 50% at Galena in the last 3 years; targeting additional savings in 2016

• The Cosalá Operation had silver all-in sustaining costs reduced by 40%year-over-year; with further savings in 2016

• Track record of creating intrinsic value through acquisitions - Two at-market acquisitions reducing mine and G&A costs materially

• Significant production expansion opportunities at realistic silver prices• Significant zinc and lead exposure at existing operations and brownfield

development properties


AMERICAS SILVER TODAY TSX:USA


*Cash cost perounce andall-in sustaining cost perounce arenon-IFRS financial performance measures with nostandardized definition. For further information and detailed reconciliations, pleaserefer to theCompany’s 2014 year-end MD&A and 2015quarterly MD&A.Silver equivalent figures for2014arebased on $20.00perounce silver, $0.95per pound lead, $0.90per pound zinc and$3.00 per pound copper throughout this press release. Silver equivalentfigures for 2015arebased on $17.00perounce silver, $0.90perpound lead, $0.95per pound zinc and$2.90per pound copper throughout this presentation. Silver equivalent figures and silver costguidance for2016 arebased on$14.50 perounce silver, $0.80perpound lead, $0.75per pound zinc and$2.00per pound copper. Only production since December 23,2014 is included forGalenaComplex operations. Values forcalendar year 2014arepresented for information purposes only.**Pro formaSPM&USA;does not include one-time or transaction costs.

2014 Actuals** 2015 Actuals 2016 Guidance

Silver Production 2.80M oz 2.65M oz 2.5-3.0M oz

Silver EquivalentProduction 4.37M oz 4.87M oz 5.0-5.6M oz

Silver Cash Costs $13.83/oz* $12.75/oz* $9.00-10.00/oz*

Silver All-in Sustaining Costs $21.15/oz* $17.16/oz* $11.75-12.75/oz*

General &Administrative Costs $10.1M $5.8M $3.5M

• Q1, 2016 production of 672,074 silver ounces and 1.28 million silver equivalent ounces at cash costs of $10.08 per silver ounce and all in sustaining costs of $12.28 per silver ounce

• Reserves at December 31, 2015 increased by 40% to 31.1 million ounces despite using lower silver and base metal prices

Darren BlasuttiPresident and CEO

• Former SVP Corporate Development and Investor Relations for Barrick Gold, reported to President and CEO• Led Barrick's strategic development for over 13 years until January 2011 executing over 25 gold mining transactions including

Sutton Resources, Homestake Mining, Placer Dome, and consolidation of the Cortez property from Rio Tinto • Extensive capital markets expertise raising over $4 billion in equity, debt and private equity money for mining companies• Member of the Chartered Professional Accountants Of Ontario

Daren DellCOO

• Over 25 years of technical experience and brings extensive knowledge gained from operating and evaluating mining assets around the globe

• Formerly SVP Technical Services at Americas Silver Corporation; Director, Corporate Development and Director, Technical Evaluations at Barrick Gold.

• Prior to joining Barrick Gold, Mr. Dell was at Placer Dome for 15 years

Warren VargaCFO

• Over 20 years of progressive financial leadership experience and brings extensive senior management expertise • Most recently CFO of US Silver & Gold Inc. and former Senior Director, Corporate Development at Barrick Gold Corporation • Member of the Chartered Professional Accountants Of Ontario and the Chartered Financial Analyst Institute

Peter McRae Senior Vice President, Corporate Affairs and General Counsel

• Most recently VP Corporate Counsel of US Silver & Gold Inc.• Practiced law at Weil, Gotshal & Manges LLP, a major international law firm based in NY with extensive experience on complex

transactional securities, general corporate and governance matters

MANAGEMENT TEAM TSX:USA

BOARD OF DIRECTORS TSX:USA

Peter HawleyChairman

• Over 30 years of experience in the exploration and mining industry, worked as a consulting geologist to companies including Teck, Noranda, Placer Dome and Barrick Gold

• Founder of Scorpio Mining Corporation and current CEO of Scorpio Gold Corporation

Alex DavidsonDirector

• Retired in 2009 as Executive Vice-President Exploration and Corporate Development at Barrick Gold • 2005 AO Dufresne Award to recognize exceptional achievement and distinguished contribution to mining exploration in Canada• In 2003 was named Prospector of the Year by PDAC for discovery of Alto Chicama in Peru

Alan EdwardsDirector

• Senior management positions with Frontera Copper, Apex Silver Mines, Kinross, Cyprus Amax and Phelps Dodge• Serves on the Board of Directors of AuRico Gold, Entrée Gold and AQM Copper• Serves as Chairman of the Sustainability and Technical committee

Brad KippDirector

• Over 18 years of experience in the mining sector in operations, corporate finance and public company reporting• Involved in financing and development of emerging and start-up mineral projects focused primarily in southern Africa, Mexico

and Myanmar.• Serves as Chairman of the Audit Committee

Gordon PridhamDirector

• Over 30 years of experience as a global finance executive• Extensive special committee and public board experience with a track record of creating value for shareholders• Serves on the public company boards of Newalta Corporation, Roxgold, Enertech Capital and Titanium Corporation (Chairman)

Lorie WaisbergDirector

• Former Senior Partner at Goodmans LLP and former Executive Vice-President, Finance and Administration of Co-Steel Inc.• Accredited with the Institute of Corporate Directors and sits on Board of Directors of Chantrell Ventures, Chemtrade Logistics

Income Fund, Metalex Ventures, Primary Energy Recycling Corporation, Tembec• Serves as Chairman of the Compensation and Corporate Governance Committee

Darren BlasuttiDirector • President and CEO

OPERATIONAL OVERVIEW TSX:USA

Galena Complex• Located in the heart of the US Silver Valley in mining-friendly Idaho• High-grade Ag-Pb and Ag-Cu and produced over 250 M oz silver

historically• Unused milling and hoisting capacity • Galena has transitioned to wider, higher grade silver equivalent

Ag-Pb stopes to further reduce costs• At higher metal prices, significant profitable growth can be achieved

• 16-20 available stopes at Galena Mine (Ag, Cu)• Coeur mine re-start (Ag, Cu)• Caladay Zone area (Ag, Pb)

Cosalá Operations • Located in an established mining district in the State of Sinaloa, Mexico • Nuestra Señora in operation underground since 2008• Producing Ag-rich Pb, Zn and Cu concentrates • Operating a 1,500 tpd processing plant, through differential flotation• San Rafael is a shovel ready large Zn-Pb-Ag deposit within 15km of

existing mill; low capital waiting for higher metal prices• Initial development at El Cajón (Ag, Cu) complete; awaiting higher metal prices

Combined• Company-wide focus on reducing costs• Proven & Probable Reserves* - 31.1M oz silver• Measured & Indicated Resources** - 50.1M oz silver• Inferred Resources – 26.7M oz silver

Galena ComplexWallace, Idaho, USA

Cosalá OperationsCosalá, Sinaloa, Mexico


* Descriptions of our mineral deposits are not comparable to similar information reported by U.S. companies which are subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder. See www.americassilvercorp.com for NI 43-101 Technical Reports and current Annual Information Form.** Does not include the El Cajón deposit

FOCUS ON COST REDUCTION AND PROFITABILITY TSX:USA

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

Cashcost/ozAgproduced AISC/ozAgproduced

2012

2013

2014

2015

2016E

GalenaComplex


1,3 2,3

1. Calculatedper silver industry standards. 2. Silver industrycashcostplusalldevelopment, capitalexpenditures, explorationspending andmineG&A.3. Cashcostperounceandall-in sustaining costperouncearenon-IFRSfinancialperformancemeasureswithnostandardized definition. Forfurther informationanddetailed reconciliations, please refer tothe

Company’s2014year-endMD&Aand2015quarterlyMD&A.

REFOCUSING THE COSALÁ OPERATIONS TSX:USA

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

Cashcost/ozAgproduced AISC/ozAgproduced

2012

2013

2014

2015

2016E

CosaláOperations


1. Calculatedper silver industry standards. 2. Silver industrycashcostplusalldevelopment, capitalexpenditures, explorationspending andmineG&A.3. Cashcostperounceandall-in sustaining costperouncearenon-IFRSfinancialperformancemeasureswithnostandardized definition. Forfurther informationanddetailed reconciliations, please refer tothe

Company’s2014year-endMD&Aand2015quarterlyMD&A.

1,3 2,3

COSALÁ OPERATIONSSAN RAFAEL PREFEASIBILITY HIGHLIGHTS

TSX:USA


• San Rafael represents an attractive low capital, low operating cost, high grade zinc-lead-silver opportunity that could add significant free cash flow in the near-term

• Located approximately 8 km North of the Cosalá processing facility• All permits required for construction have been received from SEMARANT• Prefeasibility study finalized contemplates a small scale, low capital plan to

begin exploitation of the resource• $22.0 million initial capital• 5.5 year mine life producing 5.5 million ounces of silver, 250 million

pounds of zinc and 100 million pounds of lead• Pre-tax IRR of 27% and negative all in sustaining costs

• Offers attractive economic upside through conversion of the existing resource to reserve resource additions from underground exploration once access establishing

• Targeting commercial production in Q3 2017 depending on metal prices and financing

• Full details of the prefeasibility study will be disclosed in a NI 43-101 technical report by April 30, 2016

FOCUS ON CASH FLOW GENERATION TSX:USA

Strategic ObjectiveTo increase shareholder returns through profitable production, optimization of our own projects and acquisition of complementary development and operating projects at attractive valuation levels

Mission• Focus on near-term, free cash flow generation• Deliver on cost reduction and near-term profitability• Growth through expansion of existing asset base• Growth through aggressive consolidation in the gold and silver space • Focus on mining-friendly jurisdictions in the Americas• Maintain stakeholder involvement


USA PRICE PERFORMANCE & CAPITAL STRUCTURE TSX:USA

RecentPrice*(CAD) $0.30MarketCap*(CAD) $105MCashBalance** $2.8MWorkingCapital*** $5MLong-TermDebt (Dec2017)***$6.1M

2%

40%

58%

Insiders Institutional Other

SharesBasic* 351.0MOptions* 27.0MWarrants* 74.1MFullyDiluted* 452.1M

*April152016**March312016***December312015


0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

$0.00

$0.05

$0.10

$0.15

$0.20

$0.25

$0.30

$0.35

CAD$

JUNIOR PRODUCER RESOURCES* TSX:USA

Quality Reserves and Resources

1. Excludes contribution from El Cajon M&I resource due to shutdown* As of April 15, 2016 and based on public disclosure documents. Market data and other statistical information used in this presentation may be based on independent industry publications,

government publications, reports by market research firms, or other published independent sources. Some data is also based on Americas Silver Corporation’s good faith estimates that are derived from its review of internal data and information, as well as the sources listed above. Although Americas Silver believes these sources are reliable, Americas Silver has not independently verified the information and cannot guarantee its accuracy or completeness.

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

EndeavourSilver(EDR)

AmericasSilver(USA)

Alexco(AXR)

AvinoAg&Au(ASM-V)

Excellon(EXN)

GreatPanther(GPR)

Reservesand

Resou

rces(M

ozsA

g)

AgReservesandResources

Measured&Indicated(excl.)Proven&Probable

1


JUNIOR PRODUCER MULTIPLES* TSX:USA

Undervalued Relative to Peers

* As of April 15, 2016 and based on public disclosure documents. Market data and other statistical information used in this presentation may be based on independent industry publications, government publications, reports by market research firms, or other published independent sources. Some data is also based on Americas Silver Corporation’s good faith estimates that are derived from its review of internal data and information, as well as the sources listed above. Although Americas Silver believes these sources are reliable, Americas Silver has not independently verified the information and cannot guarantee its accuracy or completeness.

$0.00

$2.50

$5.00

$7.50

$10.00

$12.50

$15.00

$17.50

GPR EXN ASM EDR AXR USA

EnterpriseVa

lue/M&IR

esou

rcesAg(US$/oz)

EnterpriseValue/M&IResourcesAg


JUNIOR PRODUCER MULTIPLES* TSX:USA

Attractive Relative Valuation

0.00x

0.50x

1.00x

1.50x

2.00x

2.50x

EDR AXR EXN GPR USA ASM

P/Co

nsen

susN

AV(ratio)

Price/ConsensusNAV


* As of April 15, 2016 and based on public disclosure documents. Market data and other statistical information used in this presentation may be based on independent industry publications, government publications, reports by market research firms, or other published independent sources. Some data is also based on Americas Silver Corporation’s good faith estimates that are derived from its review of internal data and information, as well as the sources listed above. Although Americas Silver believes these sources are reliable, Americas Silver has not independently verified the information and cannot guarantee its accuracy or completeness.

SILVER PRODUCTION LEVERAGE TSX:USA

Highest Leverage to the Silver Price

1. Production based on company guidance when available, otherwise based on consensus* As of April 15, 2016 and based on public disclosure documents. Market data and other statistical information used in this presentation may be based on independent industry publications, government publications, reports by market research firms, or other published independent sources. Some data is also based on Americas Silver Corporation’s good faith estimates that are derived from its review of internal data and information, as well as the sources listed above. Although Americas Silver believes these sources are reliable, Americas Silver has not independently verified the information and cannot guarantee its accuracy or completeness.

0

5

10

15

20

25

30

ASM USA EDR GPR EXN AXR

2015SilverProdu

ctionpe

rUS$1,00

0ofEV(oz)

LeveragetoSilverPrice 1


--

THE GOLD:SILVER RATIO TSX:USA


Spot Au:Ag Ratio Since 1990 Au:Ag Ratio by Percentage of Days Since 2000

Source: Bloomberg

76

6661

6061

30

40

50

60

70

80

90

100

1990

1991

1992

1993

1994

1995

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2000

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2005

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2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Gold:SilverRatio(ratio)

Spot Since1990 Since2000Since2005 Since2010

0% 1%2%

6%

12%

15%

14%

10%

18%

9%

5% 4%4%

0%0%

20%

40%

60%

80%

100%

0%

5%

10%

15%

20%

25%

30-35

35-40

40-45

45-50

50-55

55-60

60-65

65-70

70-75

75-80

80-85

85-90

90-95

95-100

CumulativePercentageofDaysSince2000(%

)

Percen

tageofD

aysS

ince200

0(%

)

Cumulative PercentofDays

The current ratio remains high and is well above historical trading

SpotGoldPrice:US$1,234/ozSpotSilverPrice:US$16.24/oz CurrentAu:Ag

Ratio:76

WHY INVEST IN AMERICAS SILVER TSX:USA

• Expected production of 5.0 – 5.6 million silver equivalent oz in 2016

• Executing on continued cost reductions and productivity improvements

• Low capital production, low cost zinc, lead and silver production can be

brought on quickly at San Rafael

• Large defined and developed resource base

• 100% owned, royalty free and fully permitted

• No hedging or streaming in place

• Experienced, focused management team

• Re-valuation potential based on our silver peer group


CONTACT TSX:USA

Darren Blasutti, President & [email protected]

416-848-9503

www.americassilvercorp.com


APPENDIX


COSALÁ DISTRICT TSX:USA

Major Landholder• 2010 Platte River Acquisition increased Americas holdings in the Cosalá

District by >10,000 hectares to a total of 26,819 hectares spanning ~19 km x 23 km

• Multiple exploration targets including historically producing minesAdvanced Deposits• San Rafael development project with NI 43-101 compliant mineral

resources• Previously operating La Verde Mine

Mineralization• Carbonate replacement, skarn & structurally controlled:• Silver-copper-lead-zinc +/- gold

e.g., Nuestra Señora, Candelaria, Santa Teresa, Santo Domingo • Silver-lead-zinc

e.g., San Rafael Main• Silver-copper-gold

e.g., El Cajón, San Rafael 120• Silver-gold

e.g., San Rafael Upper• Silver-copper

e.g., La Verde


SAN RAFAEL DEVELOPMENT PROJECT TSX:USA

• Mineralized zones:• Upper (silver-gold)• Main (zinc-silver-lead) • 120 (silver-copper-gold)

• 9 km to processing facility • Fourth mineralized body – NW Extension

Zone discovered to the northwest

• Received EIS approval for underground operation & portal disturbance

• Investigating potential to accelerate mining rate, incorporate more resources into an underground phase


GALENA COMPLEX - UPPER COUNTRY SILVER-LEAD PROJECT TSX:USA


GALENA COMPLEX-PRINCIPAL PRODUCTION AREAS IN 2016

TSX:USA


26,909 Tons419,260 AgEqOz












No.

3 S

HA

FT

GA

LEN

A S

HA

FT

CA

LLA

HA

NSH

AFT

2800 Level

2400 Level

3200 Level

4000 Level

4300 Level

4600 Level

4900 Level

5200 Level

5500 Level

3400 Level

3700 Level

GALENA – UPPER COUNTRY ZONE 3400 LEVEL TSX:USA


RESERVES & RESOURCES TSX:USA


ProvenandProbableMineralReserves†

December31,2015

Grade ContainedMetalTonnes000s

Silverg/t

Copper%

Lead%

Zinc%

Silverkoz

CopperMlbs

LeadMlbs

ZincMlbs

Total CosaláP&P 3,822 108 0.03 1.64 3.86 13,310 2.5 137.8 325.3

Total GalenaP&P 1.402 395 0.21 5.13 -- 17,806 6.4 158.6 --TOTALP&P 5,224 185 0.08 2.57 2.82 31,116 9.0 296.5 325.3

Measured&IndicatedMineralResources(exclusive ofReserves) ‡

December31,2015


Silverg/t

Copper%

Lead%

Zinc%

Silverkoz

CopperMlbs

LeadMlbs

ZincMlbs

Total CosaláM&I 8,772 90 0.12 0.68 1.53 25,441 22.9 131.6 296.1Total GalenaM&I 2,628 292 0.25 3.25 -- 24,670 14.4 188.3 --TOTALM&I 11,401 137 0.15 1.27 1.18 50,111 37.3 319.9 296.1

InferredMineralResources‡

December31,2015


Silverg/t

Copper%

Lead%

Zinc%

Silverkoz

CopperMlbs

LeadMlbs

ZincMlbs

Total CosaláInferred 3,070 104 0.19 0.97 1.35 10,303 12.6 65.9 91.2Total GalenaInferred 2,539 202 0.15 3.71 -- 16,468 8.4 207.8 --TOTALINFERRED 5,610 148 0.17 2.21 0.74 26,771 21.0 273.6 91.2

NOTES TSX:USA


‡Forcalculatingequivalentgrade,metalpriceassumptionsare$16.00/ozAg,$2.40/lb Cu,$0.85/lbPb and$0.85/lb Zn.Cosalá MineralResourcesforNuestra Señora arebasedona90g/tAgEquivalentcutoffwhileSanRafaelandZone120arebasedona2.5%ZnEquivalentcutoff. GalenaMineralResourcesarebasedonacutoffof310g/tAgEquivalentforvein-stylemineralizationand100g/tAgfordisseminatedmineralization.MineralResourcesarereportedexclusiveofMineralReservesandassuchtheMineralResourcesdonothavedemonstratedeconomicviability.Totalsmaynotaddormultiplyaccuratelyduetorounding.

TheMineralResourceestimatefortheCosalá Operationsisbasedonblockmodelspreparedbyindependentmineralresourceconsultants.TheNuestraSeñora MineralReserveandResourceestimatewaspreparedbyCompanypersonnelunderthesupervisionofJamesStonehouse,aQualifiedPersonforthepurposesofNI43-101.TheSanRafaelMineralReserveandResourceestimatewaspreparedbyThomasL.Dyer,P.E.,EdwinR.Peralta,P.E.,PaulTietz,C.P.G.andRandyPowell,Q.P.M.whoareallindependentconsultantsandQualifiedPersons.

TheMineralResourceestimatefortheGalenaComplexwaspreparedusingacombinationofblockmodellingandtheaccumulation method. AreviewofthedatabaseandmethodologieswascompletedbyindependentmineralresourceconsultantsandQualifiedPersonsforthepurposesNI43-101engagedbytheCompanyduring2012. TheestimateswereupdatedbyCompanypersonnelunderthesupervisionofDanHusseyandJimAtkinson,bothofwhomareQualifiedPersonsforthepurposesofNI43-101. TheMineralReserveswaspreparedbyCompanypersonnelunderthesupervisionofDanHussey,aQualifiedPersonforthepurposesofNI43-101.

Varyingcut-offgradeshavebeenuseddependingonthemine,methodsofextractionandtypeoforecontainedinthereserves.Mineralresourcemetalgradesandmaterialdensitieshavebeenestimatedusingindustry-standardmethodsappropriateforeachmineralprojectwithsupportofvariouscommerciallyavailableminingsoftwarepackages.TheCompany’snormaldataverificationprocedureshavebeenemployedinconnectionwiththecalculations.Verificationproceduresincludeindustrystandardqualitycontrolpractices.Sampling,analyticalandtestdataunderlyingthestatedmineralresourcesandreserveshavebeenverifiedbyemployeesoftheCompanyunderthesupervisionofQualifiedPersons,forpurposesof43-101and/orindependentQualifiedPersons.AdditionaldetailsregardingMineralReserveandMineralResourceestimation,classification, reportingparameters,keyassumptionsandassociatedrisksforeachoftheCompany’smineralpropertiesareprovidedintherespectiveNI43-101Technical Reportswhichareavailableatwww.sedar.com.

†2015reserveswerecalculatedusingassumedmetalpricesof$16.00perounceofsilver,$2.40perpoundofcopper,$0.85perpoundofleadand$0.85perpoundofzinc.Reservecalculationsincorporatecurrentand/orexpectedmineplansandcostlevelsateachproperty.Totalsmaynotaddormultiplyaccuratelyduetorounding.

Documents

Americas Silver Corp Pres April 15 2016- Zurich ... · • Galena Complex in Idaho, USA • Cosalá Operations in Sinaloa, Mexico - San Rafael development project • Proven Management