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First Majestic Silver Corp AG


Primary Symbol: T.AG

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.


TSX:AG - Post by User

Comment by Stratocheifon May 08, 2021 3:24pm
133 Views
Post# 33160300

RE:RE:RE:FIRST QUARTER 2021 HIGHLIGHTS

RE:RE:RE:FIRST QUARTER 2021 HIGHLIGHTSIve been buying gold and silver for the last 42 years. Tough egg to crack because this is a CYCLICAL commodity so unless you catch the real low, buying physical has not delivered. Mr Neumeyer got into the silver mining business many years ago at a point when silver prices were on the upswing. When they went back down hard he got clobbered. But he is a true believer in the stuff and he foresees higher prices coming and is investing capital in line with that belief. (High AISC today as a result). God bless him i wish him all the success in the world. Im not in that camp. I foresee $16 silver in a couple of years. So i dont like this company as an investment becsuse it may get caught if in fact prices do fall again. I prefer silver (and other miners) who are making huge profits TODAY when the metal they produce commands a goid price. Tomorrow is never assured. Miners are price takers....they cant raise the price of a big mack like mcdonalds can to maintain thier profitability. I bought in big on fr last year ( along with many others). Got fr at $9 and sold most of my position at $29 three months ago. Pure luck on that trade. But im not buying back in big time on this one...i have others in mind that seem to be capable of big profits NOW....not some time in the distant future.
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