U.S. Silver Corp. is a relatively new company having just gone public on the TSX Venture Exchange in early January of 2007 using the ticker symbol “USA”. The Company purchased 100% of the assets of Coeur Silver Valley Inc. from Coeur d’Alene Mines in June 2006 for approximately $15 million.
U.S. Silver Corp. owns the Galena mine complex located in the heart of the Coeur D’Alene mining district one of the preeminent silver, lead and zinc producing areas in the world. This mine complex is the second most prolific silver mine in US history with over 200 million ounces of silver produced to date. Since 1953 this mine has produced 210 million ounces of silver, 159 million pounds of copper and 22 million pounds of lead from 9.9 million tons of combined silver-copper and silver-lead ore at average grades 21.26 ounces of silver, 0.80% copper and, 8.8% lead per ton of ore.