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First Majestic Silver Corp AG


Primary Symbol: T.AG

First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada. The San Dimas Silver/Gold Mine is located approximately 130 kilometers (km) northwest of Durango, Durango State, Mexico and consists of 71,868 hectares (ha) of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located 150 km northeast of the city of Hermosillo, Sonora, Mexico and controls mining concessions totaling 102,244 ha. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. La Encantada has 4,076 ha of mineral concessions and surface land ownership of 1,343 ha.


TSX:AG - Post by User

Post by Stratocheifon May 09, 2021 3:37pm
150 Views
Post# 33162319

So where is the increasing silver demand KN predicts

So where is the increasing silver demand KN predictshttps://www.pv-magazine.com/2018/07/06/amount-of-silver-needed-in-solar-cells-to-be-more-than-halved-by-2028-silver-institute Inflation hasnt correlated with silver price all that well over the past 40 years. Usually down and up only when some kind of hysteria grips the world .....like last spring.... and then back down as doomsday fails to materialize, which is always the case. Its more tied to price of gold which is the ultimate fear trade. If world economies do well in the next couple of years, the fear trade will fade away (inflation is not a bad thing if incomes rise at the same rate and by the way its been happening since the 1800s right?). And silver...primarily an industrial metal....which the above article shows will see a drop in demand...will fall out of fashion with investors AGAIN. $16 coming or possibly $9 by 2025. Thats my prediction. This is not investment advice. Consult your investment advisor lol
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