Plata America announces appointment within Board of Directors

Plata America today reported that Sergio Ayala has been appointed to the Board of Directors effective Monday 2nd March 2020.

Online PR News – 22-February-2020 – BENITO JUÁREZ/MÉXICO CITY – Sergio Ayala has been an Independent Director of the Company and as member of the Board at Plata America, Sergio will bring a wealth of experience in corporate governance and financial expertise.

As an Independent Director, under Sergio’s leadership, Plata America completed two significant acquisitions and has grown the value of its annual precious metals production over five-fold over the last few years.

Plata America’s Chief Financial Officer & Co-Founder, Mr. Walter Nuñez commented on Sergio Ayala’s appointment to the Board saying “The Board annually reviews director roles and appointments following its annual general meeting. Following the annual meeting, it was felt that Sergio's blend of governance, finance and mining experience made him a natural member.”

“Sergio has played an active role for the expansion of Plata America and the executive management here feel that Sergio is the right man for developing the strategic direction of the Company and overseeing acquisitions and integration,” added Walter Nuñez, Chief Financial Officer & Co-Founder of Plata America.

About Us - Plata America

Plata America is a mining company focused on the exploration, development and production of silver in Mexico’s famous silver belt, the richest silver region known in the world.

The focus of Plata America’s operations is the La Navarra project site in Zacatecas State, Mexico, an 11,000-hectare project site. This concession has undergone detailed and systematic exploration which has revealed rich deposits of silver, as well as gold, lead and zinc. An aggressive exploration and development program is underway by Plata America at La Navarra, including the construction of access ramps, underground workings and the carrying out of geophysical investigations.

Plata America’s goals are to create shareholder value through the expansion of silver and other metal resources in our mining projects and increasing efficiency; and to develop our projects through to production by our own internal development, through acquisitions and joint venture opportunities.

Plata America’s management team strongly believes that over the coming years a dramatic bull market will persist in precious metals. For this reason, a focus is on the development of and production at La Navarra.

However, Plata America’s management team continues to investigate additional attractive silver concessions, both as solo projects and in partnerships, as the management is determined to expand Plata America’s assets base. With a senior management team consisting of vastly experienced and proven executives in mining companies, shareholders are well positioned to capitalize on Plata America’s aim of growing into a world class mining operator.