U.S. Silver & Gold Inc.

U.S. Silver announced today an update on matters currently underway at the Company. Due to weakness in silver prices and equity markets its previously announced listing on the NYSE Amex has been postponed until market conditions improve and specifically until a sustainable common share trading price above $2.00 can be demonstrated. The recent drop [...]

U.S. Silver is pleased to announce summary unaudited financial results in U.S. dollars for the year ended December 31, 2011. 'We are pleased to report solid performance in 2011 with increases in production, revenue, earnings and cash flow over the previous year. Revenue was up by 50% to $93 million and cash flow was up 230% to $29 million [...]

U.S. Silver announces that year-end reserves have once again increased in excess of production for the fifth consecutive year. Proven and probable silver reserves are 23.2 million ounces, an increase of 1.3 million ounces of silver after replacing 2011 production. This is detailed in the Company′s 43-101 filed on SEDAR. The exploration program continues to be cost effective at adding reserves at modest expenditure levels. In addition, the rate of reserve addition is expected to increase as the drilling program is expanded still further in 2012. Since 2006, the Company has more than doubled proven and probable reserves and extended the mine life. [...]

U.S. Silver will release its 2011 fourth quarter and year-end financial results following the close of markets on Thursday March 29, 2012. Senior management will host a conference call on Friday March 30, 2012 at 10:00 am ET to review the financial results. All interested parties are invited to participate by dialing 647-427-7450 or 1-888-231-8191 [...]

U.S. Silver is pleased to announce that its common shares have been approved for listing on the NYSE Amex. The Company anticipates trading on the NYSE Amex in the coming days, which will be announced along with the trading symbol. Gordon Pridham, U.S. Silver Executive Chairman stated, 'We are extremely pleased to have reached this important [...]

U.S. Silver announces that, further to its press release of February 14, 2012, the Toronto Stock Exchange has provided acceptance of the Corporation′s Notice of Intention to make a Normal Course Issuer Bid. Under its Normal Course Issuer Bid, the Corporation may purchase of up to 3,092,727 of its common shares, representing approximately 5% of the Corporation′s issued and outstanding common shares. As of February 9, 2012, the Corporation had 61,854,543 common shares issued and outstanding. The Corporation will cancel any common shares purchased pursuant to the normal course issuer bid. The purchases may commence on February 21, 2012 and will terminate on February 20, 2013 or on such earlier date as the Corporation may complete its purchases pursuant to the Notice of Intention to make a Normal Course Issuer Bid. Purchases will be ma [...]

U.S. Silver announces that, subject to acceptance by the Toronto Stock Exchange of the Corporation′s Notice of Intention to make a Normal Course Issuer Bid, the board of directors has authorized the purchase of up to 3,092,727 of its common shares, representing approximately 5% of the Corporation′s issued and outstanding common shares. As of February 9, 2012, the Corporation had 61,854,543 common shares issued and outstanding. The Corporation will cancel any common shares purchased pursuant to the normal course issuer bid. Purchases will be made on the open market by the Corporation through the facilities of the TSX in accordance with TSX requirements. The prices that the Corporation will pay for any purchased common shares will be the market pr [...]

The Board of Directors of U.S. Silver is pleased to announce the appointment of Mr. Tom Ryley as a Director of the Corporation effective February 1, 2012. Mr. Ryley has a career that spans over 35 years in the natural resources sector. Currently he leads an advisory firm specializing in business planning and strategy, new business development and [...]

U.S. Silver announces that the Board of Directors has approved the 2012 budget and operating plan. Specifically, the Company announces that it forecasts 2012 production to be approximately 2.4 million ounces of silver with by-product production of lead to be approximately 6.5 million pounds and copper to be approximately 1.2 million pounds.

U.S. Silver announces that, further to its press release of January 23, 2012, the Corporation has filed articles of amendment to give effect to the consolidation of the Corporation′s common shares on a basis of five (5) pre-consolidation Common Shares for each one (1) post-consolidation Common Share. The Corporation′s post-consolidation Common Shares will be posted for trading at the opening of Monday January 30, 2011 under the new CUSIP number 90343P507. [...]