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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

Comment by Stratocheifon Jan 31, 2022 11:16pm
340 Views
Post# 34383109

RE:RE:RE:RE:RE:took a big position

RE:RE:RE:RE:RE:took a big positionI agree... no one ever goes broke locking in gains....( most don't when they should) and anyone who claims they were all in at the exact bottom and all out at the exact top is a liar. I dumped 80% of my gold n silver stocks between the fall of 2020 and Jan 2021as I could see it was starting to roll over. Kept the rest so I can keep an eye on them and so far I'm happy with what I did. I'm gonna wait on both oil and gold. After reaching 1800 by 2013, gold capitulated down to below 1000 over the next 3 years...almost 50% drop. Then after about 4 years of waiting, investors saw an uptick to 1200 and got all exited that the bull run is on, overbought the miners.(just like what happened with uranium miners over the past year) It turned out to be overly optimistic as the incredible gains the miners made in 2016 evaporated in 2017. Now we've seen gold hit 2100 and fall back a bit to 1800....still kinda high and I agree some miners are rediculosly cheap right now...provided current gold price doesn't drop....but even if it stays at 1800 for the next year or 2, I suspect the miners will be making less money because inflation in fuel, labor, Capex etc will take a toll. Its only been a year or so and what reason do I have to see this as the bottom. Maybe we again have 3 or 4 years of down? Is this really a bottom? I don't know. I'm holding my mining stocks but not adding till I see convincing signs...I know ...I miss a good chunk of the gain that way. Maybe a mistake but I feel it's too early. Same for oil. Oil got murdered between 2015 and 2020...about 6 years of hell for oil investors. It's only been a few months it's come back to life. Should I get out now? I feel it's a little early and I think oil majors have another 30% upside at least in the next year. Anyway don't pay attention to me, I'm just talking to myself. If I had a crystal ball, I'd tell you. But I agree FR is not on my list for big gains. I bought at 8 sold really quick when I saw it go to 28. If it goes back to 8 maybe I'll consider buying some but at current price it's not a deal. Sprott why did you buy at $15.60. He has wild dreams that guy
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