<SEC-DOCUMENT>0001157523-18-000607.txt : 20180321
<SEC-HEADER>0001157523-18-000607.hdr.sgml : 20180321
<ACCEPTANCE-DATETIME>20180321160133
ACCESSION NUMBER:		0001157523-18-000607
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180321
FILED AS OF DATE:		20180321
DATE AS OF CHANGE:		20180321

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Americas Silver Corp
		CENTRAL INDEX KEY:			0001286973
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37982
		FILM NUMBER:		18704459

	BUSINESS ADDRESS:	
		STREET 1:		145 KING ST. W.
		STREET 2:		SUITE 2870
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 1J8
		BUSINESS PHONE:		604-678-9639

	MAIL ADDRESS:	
		STREET 1:		145 KING ST. W.
		STREET 2:		SUITE 2870
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 1J8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SCORPIO MINING CORP
		DATE OF NAME CHANGE:	20040414
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a51777195.htm
<DESCRIPTION>AMERICAS SILVER CORPORATION 6-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">UNITED STATES</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-size: 10pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><br><font style="font-size: 10pt; font-family: Times New Roman">Washington,
      D.C. 20549</font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt"><b>Form 6-K</b></font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>REPORT OF
      FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE </b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">For the
      month of</font> <font style="font-size: 10pt; font-family: Times New Roman"><b>March,
      2018.</b></font><br>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Commission
      File Number</font> <b>001-37982</b>
    </p>
    <p style="white-space: nowrap">

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; width: 100%; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px; font-size: 10pt; font-family: Times New Roman">
            <font style="font-size: 12pt"><b>AMERICAS SILVER CORPORATION</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Translation of registrant&#8217;s name into English)
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px; font-size: 10pt; font-family: Times New Roman">
            <b>145 King Street West, Suite 2870<br>Toronto, Ontario, Canada<br>M5H
            1J8</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of principal executive offices)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Indicate by
      check mark whether the registrant files or will file annual reports
      under cover Form 20-F or Form 40-F: </font>
    </p>
    <p style="text-align: left; text-indent: 90.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Form 20-F&#160;&#160;&#160;</font><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 12pt">&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Times New Roman">Form
      40-F </font><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8864;</font><font style="font-size: 10pt; font-family: Times New Roman">
      </font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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): </font><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p style="font-size: 10pt; margin-left: 30.0px">
      <b>Note:</b>&#160;&#160;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.
    </p>
    <p style="text-align: justify">
      <font style="font-size: 10pt; font-family: Times New Roman">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): </font><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p style="text-align: left; margin-left: 30.0px">
      <b>Note:</b> Regulation&#160;S-T Rule&#160;101(b)(7) only permits the submission
      in paper of a Form&#160;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&#8217;s &#8220;home
      country&#8221;), or under the rules of the home country exchange on which the
      registrant&#8217;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&#8217;s security holders, and, if discussing a
      material event, has already been the subject of a Form&#160;6-K submission or
      other Commission filing on EDGAR.
    </p>
    <p style="text-align: left; margin-left: 30.0px">

    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font><font style="font-size: 10pt; font-family: Times New Roman">
      </font>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">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.</font>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; width: 100%; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>AMERICAS SILVER CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="text-align: left; border-bottom-style: solid; width: 20%; padding-left: 10.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Peter McRae
          </p>
        </td>
        <td style="width: 30%">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 50%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date: &#160;&#160;March 21, 2018&#160;
          </p>
        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Peter McRae
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Legal Officer and Senior Vice President Corporate
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Affairs
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center; font-size: 10pt; font-family: Times New Roman">
          -2-
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: center">
      <b>INDEX TO EXHIBITS</b>
    </p>
    <p style="white-space: nowrap">
      <a href="a51777195ex99_1.htm">99.1&#160;</a>&#160;&#160;&#160;&#160;<a href="a51777195ex99_1.htm">&#160;News
      release dated March 21, 2018</a>
    </p>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: center">
      -3-
    </p>
    <p style="text-align: left">

    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51777195ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Americas
      Silver Corporation Provides an Update on San Felipe Resource Estimate</b></font>
    </p>
    <p>
      TORONTO--(BUSINESS WIRE)--March 21, 2018--Americas Silver Corporation
      (TSX: USA) (NYSE &#8220;American&#8221;: USAS) (&#8220;Americas Silver&#8221; or the &#8220;Company&#8221;)
      is pleased to provide an update of the mineral resource estimate at the
      San Felipe zinc-silver&#8208;lead project (&#8220;San Felipe&#8221;). San Felipe is
      located 130 km northeast of Hermosillo, Sonora, Mexico. In 2017,
      Americas Silver acquired an option on San Felipe giving it the right to
      acquire a 100% interest in the property without any underlying
      third-party royalties.
    </p>
    <p>
      <b>Mineral Resource Highlights:</b>
    </p>
    <ul style="text-align: left">
      <li style="margin-bottom: 10.0px">
        Indicated mineral resources are estimated to contain 4.7 million
        tonnes of ore, including 560 million pounds of zinc, 256 million
        pounds of lead and 9.1 million ounces of silver.
      </li>
      <li style="margin-bottom: 10.0px">
        Inferred mineral resources are estimated to contain 2.0 million
        tonnes, including 158 million pounds of zinc, 63 million pounds of
        lead and 3.1 million ounces of silver.
      </li>
      <li style="margin-bottom: 10.0px">
        Contained zinc and silver increased by 258% and 236% respectively in
        the indicated mineral resource.
      </li>
    </ul>
<div style="text-align:left">
    <table cellspacing="0" style="margin-bottom: 10.0px; margin-right: 0; width: 100%; font-size: 8pt; font-family: Times New Roman; margin-left: 0">
      <tr>
        <td colspan="15" style="text-align: center; border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          <b>San Felipe Indicated and Inferred Mineral Resources as at March
          21, 2018</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Classification</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Tonnes</b><br><b>(kt)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Zn</b><br><b>(%)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Pb</b><br><b>(%)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Ag</b><br><b>(g/t)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Zn</b><br><b>(Mlbs)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Pb</b><br><b>(Mlbs)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="middle">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Ag </b><br><b>(Moz)</b>
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="top">
          Indicated
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          4,685
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          5.4
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          2.5
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          61
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          560
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          256
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          9.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="top">
          Inferred
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          2,008
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          3.6
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          1.4
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          48
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          158
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          63
        </td>
        <td>

        </td>
        <td style="text-align: center; white-space: nowrap; border-bottom-style: solid; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt" valign="bottom">
          3.1
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <p>
      <sup>Notes:</sup><br><sup>1. CIM Definition Standards were followed for
      mineral resource estimates.</sup><br><sup>2. Mineral resources are fully
      diluted to the 2mx3mx2m block size and estimated at a cut-off grade of
      2.5% zinc equivalent which incorporate metal recoveries.</sup><br><sup>3.
      Mineral resources are estimated using metal prices of US$18.00/oz Ag,
      US$3.00/lb Cu, US$1.05/lb Pb, and US$1.05/lb Zn.</sup><br><sup>4.
      Numbers may not add due to rounding.</sup><br><sup>5. The current or
      previous San Felipe resource estimates are not included in the Company&#8217;s
      June 30, 2017 reserve and resource estimates.</sup><br><sup>6. Increase
      is based on comparison to the previous resource estimate from the
      technical report titled &#8220;2014 Resource Estimate and PEA&#8221;, San Felipe
      Project, Sonora, Mexico&#8221;, with an effective date of September 4, 2014
      and amended date of June 29, 2016, completed for the previous option
      holder, Santacruz Silver Mining Ltd.</sup>
    </p>
    <p>
      &#8220;With the significant increase in contained zinc and silver in the
      indicated resource, San Felipe now becomes a more substantial project in
      the current zinc market,&#8221; stated Darren Blasutti, President and CEO of
      Americas Silver Corporation. &#8220;The updated estimate at San Felipe
      highlights potential for another low-capital project for the Company,
      after our successful start-up of the San Rafael mine and the rapid
      resource expansion of the silver-rich Zone 120 deposit. We will continue
      to evaluate San Felipe for its economic merits and strategic fit ahead
      of making the final payments for the option on the property by the end
      of the year.&#8221;
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Work during the past year on the San Felipe property included a
      six-hole, twinning diamond drill hole program to provide confirmation of
      historical drilling data, an updated interpretation of the
      mineralization and mineral resource estimate by Mine Development
      Associates (&#8220;MDA&#8221;), and a preliminary geotechnical review of the
      property by Adiuvare GE. Both MDA and Adiuvare GE are independent
      consulting firms. The twinning program confirmed the historical drilling
      data and provided increased confidence in the existing dataset. Three
      holes were drilled into each of the La Ventana and San Felipe zones.
      These two zones are the most significant mineral occurrences identified
      on the property in terms of contained metals, contributing 100% of the
      indicated mineral resources and approximately 50% of the inferred
      mineral resources on a tonnage basis.
    </p>
    <p>
      <b>Geology and Mineralization</b>
    </p>
    <p>
      There are four deposits that contribute to the current mineral resource
      estimate: La Ventana, San Felipe, Transversales and Las Lamas. The
      Zn-Ag-Pb mineralization occurs as skarn-related massive sulfide
      replacement veins, often cut by late quartz veins. It appears that the
      late quartz is associated with increased silver, copper and gold.
    </p>
    <p>
      The potentially economic sulfide veins (&gt;2.5% ZnEq) are usually 2 to 10
      meters wide and occur within much wider near-vertical structural zones
      marked by strongly silicified, weakly brecciated, andesite country rock.
      There is significant faulting sub-parallel to the structural and mineral
      zones while cross-faults off-set the mineralized structures.
    </p>
    <p>
      A granitic batholith borders the south side of property and cuts off the
      southwestern extension of the Las Lamas zone. The granodiorite is also
      encountered at depth within the San Felipe and La Ventana deposits and
      in the latter deposit appears to form the footwall boundary to the
      mineralized structural zone. The granodiorite is likely pre-mineral, or
      possibly contemporaneous, with the early massive sulfide skarn, though
      is not as amenable to skarn alteration as the andesite. Mineralization
      within the granodiorite occurs primarily within narrow fractures and
      thin veins. Rhyolite intrusives, often significantly faulted and
      dismembered, occur within the andesite and like the granodiorite are not
      as amenable to skarn alteration but can be host to more
      fracture-controlled mineralization.
    </p>
    <p>
      <b>Project Database</b>
    </p>
    <p>
      The project database contains collar, downhole survey, assay, and
      geology data for the four primary drilling campaigns: Boliden (27 drill
      holes in 1998-2000), Hochschild (183 drill holes in 2006-2008),
      Santacruz (126 drill holes in 2013 and 2014), and Americas Silver (six
      drill holes in 2017). Of the 342 total project drill holes in the
      database, 294 are within the four deposit areas and contribute to the
      geologic models and grade estimates.
    </p>
    <p>
      In preparation for the updated mineral resource estimate, MDA audited
      the project database by validating the collar, survey and assay data
      against available original surveys and assay certificates. MDA made
      minor adjustments to some of the historical drill collar locations and
      corrected some rounding inconsistencies in the assay data. As part of
      the data validation, the historical quality assurance/quality control
      programs were evaluated. The assay database is considered appropriate
      for use in the current mineral resource estimate.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Estimation Methodology</b>
    </p>
    <p>
      Separate orthogonal block models were created for each zone. All have a
      2m by 2m by 3m block size that is appropriate for the application of
      underground mining methods.
    </p>
    <p>
      Zinc mineral-domain interpretations were used to code the drill samples.
      Quantile plots, along with domain statistics and spatial location of
      higher-grade samples, were made to assess validity of these domains and
      to determine capping levels for the individual mineral domain metal
      populations. Compositing was done to 1.5m down-hole lengths using the
      capped assays and honouring all mineral-domain boundaries.
    </p>
    <p>
      The mineral domains were also used to code the block models with the
      percent of block in each mineral domain. Density values are based on 875
      density measurements which are grouped and assigned to the block model
      by zinc mineral domains. The final block-diluted metal grade and density
      value for each model block is a volume-weighted average based on the
      proportion of each domain within the block.
    </p>
    <p>
      Mineral domains aid in controlling the grade distribution, and the
      estimation used inverse distance to the third power (&#8220;ID<sup>3</sup>&#8221;)
      to interpolate grades into the domains. Estimation search distances were
      determined from zinc variograms while the different search ellipses
      reflected the unique deposit orientations.
    </p>
    <p>
      <b>Estimation Comparison</b>
    </p>
    <p>
      The current estimate is based on an updated interpretation of 336 drill
      holes completed by previous operators on the project since 1998,
      including 21 that were completed after the last mineral resource
      estimate was published for the project in 2014, and 6 new drill holes
      completed by Americas Silver in 2017. The contained zinc, silver and
      lead increased by 258%, 236%, and 320% respectively in the indicated
      mineral resources and decreased by 52% in the inferred mineral
      resources. The change in estimate is in comparison to the previous
      estimate from the technical report titled &#8220;2014 Resource Estimate and
      PEA, San Felipe Project, Sonora, Mexico&#8221;, with an effective date of
      September 4, 2014 and amended date of June 29, 2016, completed for the
      previous option holder, Santacruz Silver Mining Ltd. Some of the
      differences between the current estimate and the previous estimate are a
      result of a reinterpretation of the project as a zinc deposit compared
      to a silver deposit. The current mineral resource cut-off value of 2.5%
      zinc equivalent, as compared to a combination of 75 gram per tonne (g/t)
      and 150 g/t silver equivalent cut-off values used in the 2014 resource
      estimate, brought in additional material into both the indicated and
      inferred categories. The use of more liberal zinc variogram distances in
      determining classification criteria, versus the more restrictive silver
      variogram distances in 2014, also resulted in converting a portion of
      the 2014 inferred mineral resources into current Indicated mineral
      resources.
    </p>
    <p>
      <b>Updated San Felipe Technical Report</b>
    </p>
    <p>
      MDA was retained by Americas Silver to prepare the updated mineral
      resource estimate for San Felipe. An updated Technical Report will be
      prepared and filed on SEDAR (<u>www.sedar.com</u>) within 45 days of
      this news release.
    </p>
    <p>
      <b>San Felipe Option Agreement</b>
    </p>
    <p>
      As announced in a release dated March 2, 2017 the Company purchased an
      option granting it the right to acquire a 100% interest in San Felipe
      for total consideration of US$15 million (plus applicable VAT), payable
      in two payments. The initial payment of US$7 million plus VAT was made
      in March 2017. Subsequently, the Company agreed to terms with Minera
      Hochschild Mexico S.A. de C.V. (&#8220;Hochschild&#8221;) to amend the timing of
      payments under its option agreement on the San Felipe project. A further
      US$0.5 million was paid on January 1, 2018 with the remaining payments
      due as follows: April 1, 2018 US$0.5 million; July 1, 2018 US$1 million;
      and balance of US$6 million on or before December 31, 2018. The Company
      expects to make the remaining payments with cash on hand.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Technical Information</b>
    </p>
    <p>
      Drill core samples from the twin hole diamond drilling program completed
      at the San Felipe Project were prepared at the Company&#8217;s secure
      warehouse facility near San Felipe, Sonora. Assaying was done by ALS
      Chemex Labs in Hermosillo, Mexico. The Company has a QA/QC program
      supervised by a Qualified Person.
    </p>
    <p>
      Daren Dell, Chief Operating Officer and a Qualified Person under
      Canadian Securities Administrators guidelines, has approved the
      applicable contents of this news release. For further information please
      see SEDAR or americassilvercorp.com.
    </p>
    <p>
      <b>About Americas Silver Corporation</b>
    </p>
    <p>
      Americas Silver is a silver mining company focused on growth in precious
      metals from its existing asset base and execution of targeted accretive
      acquisitions. It owns and operates the Cosal&#225; Operations in Sinaloa,
      Mexico and the Galena Mine Complex in Idaho, USA. The Company holds an
      option on the San Felipe development project in Sonora, Mexico.
    </p>
    <p>
      <b>Cautionary Statement on Forward-Looking Information:</b>
    </p>
    <p>
      This news release contains &#8220;forward&#8208;looking information&#8221; within the
      meaning of applicable securities laws. Forward&#8208;looking information
      includes, but is not limited to, the Company&#8217;s expectations intentions,
      plans, assumptions and beliefs with respect to, among other things, the
      realization of exploration, operational and development plans (including
      further exploration and development of San Felipe), the Cosal&#225;
      Operations and Galena Complex as well as the Company&#8217;s financing
      efforts. Often, but not always, forward&#8208;looking information can be
      identified by forward&#8208;looking words such as &#8220;anticipate&#8221;, &#8220;believe&#8221;,
      &#8220;expect&#8221;, &#8220;goal&#8221;, &#8220;plan&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;may&#8221;, &#8220;assume&#8221; and
      &#8220;will&#8221; or similar words suggesting future outcomes, or other
      expectations, beliefs, plans, objectives, assumptions, intentions, or
      statements about future events or performance. Forward&#8208;looking
      information is based on the opinions and estimates of the Company as of
      the date such information is provided and is subject to known and
      unknown risks, uncertainties, and other factors that may cause the
      actual results, level of activity, performance, or achievements of the
      Company to be materially different from those expressed or implied by
      such forward looking information. This includes the ability to develop
      and operate the Cosal&#225; and Galena properties, risks associated with the
      mining industry such as economic factors (including future commodity
      prices, currency fluctuations and energy prices), ground conditions and
      factors other factors limiting mine access, failure of plant, equipment,
      processes and transportation services to operate as anticipated,
      environmental risks, government regulation, actual results of current
      exploration and production activities, possible variations in ore grade
      or recovery rates, permitting timelines, capital expenditures,
      reclamation activities, social and political developments and other
      risks of the mining industry. Although the Company has attempted to
      identify important factors that could cause actual results to differ
      materially from those contained in forward-looking information, there
      may be other factors that cause results not to be as anticipated,
      estimated, or intended. Readers are cautioned not to place undue
      reliance on such information. By its nature, forward-looking information
      involves numerous assumptions, inherent risks and uncertainties, both
      general and specific that contribute to the possibility that the
      predictions, forecasts, and projections of various future events will
      not occur. The Company undertakes no obligation to update publicly or
      otherwise revise any forward-looking information whether as a result of
      new information, future events or other such factors which affect this
      information, except as required by law.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Cautionary Note to U.S. Investors regarding mineral resources:</b>
    </p>
    <p>
      The terms &#8220;mineral resource&#8221;, &#8220;measured mineral resource&#8221;, &#8220;indicated
      mineral resource&#8221;, &#8220;inferred mineral resource&#8221; used in the press release
      are Canadian mining terms used in accordance with National Instrument
      43-101 - Standards of Disclosure for Mineral Projects under the
      guidelines set out in the Canadian Institute of Mining, Metallurgy and
      Petroleum Standards. Mineral resources which are not mineral reserves do
      not have demonstrated economic viability.
    </p>
    <p>
      While the terms &#8220;mineral resource&#8221;, &#8220;measured mineral resource&#8221;,
      &#8220;indicated mineral resource&#8221;, and &#8220;inferred mineral resource&#8221; are
      recognized and required by Canadian regulations, they are not defined
      terms under standards in the United States and normally are not
      permitted to be used in reports and registration statements filed with
      the Securities &amp; Exchange Commission (&#8220;SEC&#8221;). As such, information
      contained in the Company's disclosure concerning descriptions of
      mineralization and resources under Canadian standards may not be
      comparable to similar information made public by U.S companies in SEC
      filings. With respect to &#8220;inferred mineral resource&#8221; there is a great
      amount of uncertainty as to their existence and a great uncertainty as
      to their economic and legal feasibility. It cannot be assumed that all
      or any part of an &#8220;inferred mineral resource&#8221; will ever be upgraded to a
      higher category. Investors are cautioned not to assume that any part or
      all of mineral deposits in these categories will ever be converted into
      reserves.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Americas Silver Corporation<br>Darren Blasutti, 416&#8208;848&#8208;9503<br>President
      and CEO
    </p>
    <p>

    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
