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Americas Silver

Publié le 22 mai 2009

Q1 2009 Production Costs

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Mots clés associés :   Cœur D'alene | Copper | Silver Valley |
Re:        News Release - Thursday, May 21, 2009
Title:     U.S. Silver Announces Q1 2009 Production Costs
May 21, 2009 - Toronto, Ontario - U.S. Silver Corporation (USA:TSX-V) ("US Silver" or the "Company") is pleased to announce that the Galena Mine was successful in managing its cost structure during a period of increased production. As a result, the cash cost per ounce of silver produced totaled $10.59 for the quarter ended March 31, 2009. This cash cost was 35% lower than the fourth quarter 2008 ($16.27) and 29% lower than the first quarter of 2008 ($14.88). Calculations of cash cost per silver ounce produced are based on guidance provided by the Gold Institute and utilize the by-product method.

During the first quarter of 2009 the mine produced 634,791 ounces of silver, 1,057,600 pounds of lead and 301,120 pounds of copper. Silver production for the first quarter of 2009 was 28% higher than the prior quarter (496,041 ounces) and 118% higher than the first quarter 2008 (291,203 ounces).

Thomas Parker, President and Chief Executive Officer of U.S. Silver, stated "The corrective actions and process improvements that we initiated in late 2008 and early 2009 are beginning to pay off in terms of both lower cost per ounce and higher production volume. We expect these positive outcomes to continue. We thank our employees for their tremendous contribution to this cost turnaround and we note that the temporary 10% wage cuts announced earlier have recently been rescinded Additional details will become available when we release our first quarter 2009 financial results on May 29, 2009."

ABOUT U.S. SILVER CORPORATION

U.S. Silver, through its wholly-owned subsidiaries, owns and operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in US history. Total silver production from U.S. Silver's mining complex has exceeded 210 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding the production from existing operations as well as exploring and developing its extensive Silver Valley holdings in the Coeur D'Alene Mining District.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company 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 Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tom Parker
President and CEO
(208) 752-0400
Copyright � 2009 US SILVER CORPORATION (USA) All rights reserved. For more information visit our website at http://www.us-silver.com/ or send email to hfairhurst@us-silver.com ..
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Americas Silver
PRODUCTEUR
CODE : USA.TO
ISIN : CA03063L1013
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Americas Silver est une société de production minière d'argent basée au Canada.

Americas Silver est productrice d'argent, de cuivre, d'or et de plomb en USA.

Ses principaux projets en production sont COEUR MINE et GALENA MINE en USA et ses principaux projets en exploration sont DAYROCK MINE et CALADAY en USA.

Americas Silver est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 14,3 millions CA$ (11,4 millions US$, 10,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 05 février 2016 à 0,06 CA$, et son plus haut niveau récent le 08 septembre 2017 à 6,07 CA$.

Americas Silver possède 39 770 000 actions en circulation.
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TORONTO (USA.TO)FRANKFURT (QE2.F)
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