6-K
Americas Gold & Silver Corp (USAS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2024
Commission File Number 001-37982
| AMERICAS GOLD AND SILVER CORPORATION |
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| (Translation of registrant’s name into English) |
| 145 King Street West, Suite 2870<br><br>Toronto, Ontario, Canada<br><br>M5H 1J8 |
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| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
| Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
| Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| AMERICAS GOLD AND SILVER CORPORATION | |
|---|---|
| Date: September 20, 2024 | /s/ Peter McRae |
| Peter McRae<br><br>Chief Legal Officer and Senior Vice President Corporate Affairs | |
| 2 | |
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INDEX TO EXHIBITS
| 99.1 | FORM SD - Specialized Disclosure Report |
|---|---|
| 99.2 | Extractive Sector Transparency Measures Act - Annual Report |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
| 3 | |
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usas_ex991.htm EXHIBIT 99.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
AMERICAS GOLD AND SILVER CORPORATION
(Exact name of registrant as specified in its charter)
| Canada | 001-37982 | Not applicable |
|---|
| (State or other jurisdiction of<br> <br>incorporation or organization) | (Commission File Number) | (IRS Employer<br> <br>Identification No.) |
| 145 King Street West, Suite 2870<br> <br>Toronto<br> <br>Ontario, Canada | M5H 1J8 |
|---|
| (Address of principal executive offices) | (Zip Code) |
Darren Blasutti
(416) 848-9503
(Name and telephone number, including area code, of person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
| ☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ______________. |
|---|---|
| ☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023. |
| 1 |
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SECTION 1 – Conflict Minerals Disclosure
Item 1.01 - Conflict Minerals Disclosure and Report
Not applicable
Item 1.02 - Exhibit
Not applicable
SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 Resource Extraction Issuer Disclosure and Report
Americas Gold and Silver Corporation (the “Company”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Company’s ESTMA report is available on the Company’s website at https://americas-gold.com/site/assets/files/5874/estma_2023.pdf or on the Government of Canada’s website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. The payment disclosure required by Form SD is included as Exhibit 99.2 to this Form SD.
SECTION 3 – EXHIBITS
Item 3.01. Exhibits
The following exhibit is filed as part of this report.
| Exhibit Number | Description |
|---|---|
| 99.2 | Extractive Sector Transparency Measures Act – Annual Report for the year ended December 31, 2023 |
| 2 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.
| AMERICAS GOLD AND SILVER CORPORATION | ||
|---|---|---|
| By: | //Darren Blasutti | September 20, 2024 |
| | Darren Blasutti | (Date) |
| | President and Chief Executive Officer | |
| 3 |
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usas_ex992.htm
EXHIBIT 99.2
| Extractive Sector Transparency Measures Act - Annual Report |
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| Reporting Entity Name | Americas Gold and Silver Corporation | | | | | |
| Reporting Year | From | 01-01-23 | To: | 31-12-23 | Date submitted | 29-05-24 |
| Reporting Entity ESTMA Identification Number | E272943 | |
Original Submission<br> <br><br> <br>
Amended Report | | | |
| Other Subsidiaries Included<br> <br>(optional field) | | | | | | | | Not Consolidated | |
| Not Substituted | |
| Attestation by Reporting Entity |
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | | | | | | | | Full Name of Director or Officer of Reporting Entity | Bradley R. Kipp | | | | Date | 29-05-24 |
| Position Title | Director | | | | | |
| Extractive Sector Transparency Measures Act - Annual Report |
|---|
| Reporting Year | From: | 01-01-23 | To: | | 31-12-23 | | | | | | | | | |
| Reporting Entity Name | Americas Gold and Silver Corporation | | | | | | | Currency of the<br> <br>Report | CAD | | | | | |
| Reporting Entity ESTMA<br> <br>Identification Number | E272943 | | | | | | | | | | | | | |
| Subsidiary Reporting Entities (if<br> <br>necessary) | | | | | | | | | | | | | | |
| Payments by Payee | | | | | | | | | | | | | | |
| Country | Payee Name^1^ | Departments, Agency, etc… within Payee that Received Payments^2^ | Taxes | | Royalties | Fees | | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | | Notes^34^ |
| Mexico | Government of Mexico | Secretariat of Economy | $ | 4,342,911 | | $ | 418,209 | | | | | $ | 4,761,120 | Mining Concessions and Taxes |
| Mexico | Ejido San Felipe | | | | | $ | 124,952 | | | | | $ | 124,952 | Right-Of-Way Easement |
| Mexico | Ejido San Jose de las Bocas | | | | | $ | 134,861 | | | | | $ | 134,861 | Right-Of-Way Easement |
| United States of America | Shoshone County | Shoshone County Tax Collector | $ | 346,297 | | | | | | | | $ | 346,297 | Property Taxes |
| United States of America | Pershing County | Pershing County Treasurer | $ | 855,261 | | | | | | | | $ | 855,261 | Property Taxes |
| United States of America | Pension Benefit Guaranty Corporation | | | | | $ | 457,598 | | | | | $ | 457,598 | Pension Benefit Guarantee |
| United States of America | State of Nevada | Nevada Division of Environmental Protection | | | | $ | 115,500 | | | | | $ | 115,500 | Environmental Permits and Fees |
| United States of America | Government of United States of America | Department of the Treasury | | | | $ | 298,965 | | | | | $ | 298,965 | PPP Loan Repayment |
| United States of America | Government of United States of America | U.S. Department of Interior | | | | $ | 180,187 | | | | | $ | 180,187 | Mining Claims |
| United States of America | Government of United States of America | Bureau of Land Management | | | | $ | 293,704 | | | | | $ | 293,704 | Mining Claims |
| Additional **** Notes: | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate of approximately 1.35. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate of approximately 0.0762. |
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1
Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).
^2^ Optional field.
^3^ When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
^4^ Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.
| Extractive Sector Transparency Measures Act - Annual Report |
|---|
| Reporting Year | From: | 01-01-23 | | To: | 31-12-23 | | | | | | | | |
| Reporting Entity Name | Americas Gold and Silver Corporation | | | | | | | Currency of the<br> <br>Report | CAD | | | | |
| Reporting Entity ESTMA<br> <br>Identification Number | E272943 | | | | | | | | | | | | |
| Subsidiary Reporting Entities (if<br> <br>necessary) | | | | | | | | | | | | | |
| Payments by Project | | | | | | | | | | | | | |
| Country | Project Name^1^ | Taxes | | Royalties | Fees | | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | | Notes^23^ |
| Mexico | Cosalá Operations | $ | 4,342,911 | | $ | 678,022 | | | | | $ | 5,020,933 | |
| United States of America | Relief Canyon | $ | 855,261 | | $ | 409,204 | | | | | $ | 1,264,465 | |
| United States of America | Galena Complex | $ | 346,297 | | $ | 879,078 | | | | | $ | 1,225,375 | |
| United States of America | Drumlummon | | | | $ | 57,672 | | | | | $ | 57,672 | |
| Additional Notes^3^: | All amounts reported in Canadian dollars ("CAD") converted from the Company's reporting currency of U.S. dollars ("USD") at average USD/CAD exchange rate of approximately 1.35. Amounts paid in Mexican pesos ("MXN") are converted to CAD at average MXN/CAD exchange rate of approximately 0.0762. |
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^1^ Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table.
^2^ When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
^3^ Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency