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    Heiko Felix Ihle

    Managing Director and Senior Metals & Mining Analyst at H.C. Wainwright & Co., LLC

    Heiko Felix Ihle is a Managing Director and Senior Metals & Mining Analyst at H.C. Wainwright & Co., LLC, specializing in equity research covering companies in the mining and basic materials sectors. He has provided analysis and ratings for companies such as Uranium Royalty Corp and American Resources Corp, maintaining a track record that includes 180 published price targets on 21 stocks and a price target met ratio of 16.61%, with a standout recommendation achieving a 26.9% return within 17 days. Ihle began his career at Gabelli & Company, later serving as a Senior Research Analyst at Euro Pacific Capital, and joined H.C. Wainwright in March 2014. He holds an MBA from the University of Miami, a CFA charter, FINRA Series 7, 24, 63, 86, and 87 licenses, and has been recognized with a second-place ranking in the Financial Times/StarMine Top Analyst Awards for the Engineering & Construction category.

    Heiko Felix Ihle's questions to Americas Gold & Silver (USAS) leadership

    Heiko Felix Ihle's questions to Americas Gold & Silver (USAS) leadership • Q4 2019

    Question

    Heiko Felix Ihle inquired about the impact of collapsing oil prices on the company's 2020 fuel budget, the actual fuel spend in 2019, and the typical lag time for such price changes to affect on-site costs. He also asked if the company was considering hedging its fuel exposure.

    Answer

    President, CEO & Director Darren John Blasutti explained that fuel typically represents 40-50% of open-pit costs and 15-20% of underground costs, with a 3-month lag for price changes to filter through. He confirmed the company would seriously consider hedging fuel if favorable opportunities arise. COO Daren Dell added that the feasibility study used $2.00/gallon for diesel and a $0.10 move impacts costs by about $0.04 per tonne moved at Relief Canyon.

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