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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 frances1on Apr 05, 2022 4:10pm
313 Views
Post# 34578079

Need a surprise large buyer to get some interest in silver

Need a surprise large buyer to get some interest in silverInteresting how certain names can move markets...Elon Musk buys 10% of twitter and the stock goes up 25%...incredible. I wonder with silver, if a Canadian guy like Chamath Palihapitiya were to take on silver....say buy 500M worth of this, he is not on the same level as Elon but he certainly is a rich and market moving guy. The question I have is, Chamath wants to be at a table with the top people in the world who according to him. rule the world markets. Perhaps moving the silver market would not be looked upon favourably and perhaps that seat would no longer be availblle. I am pretty sure that with a surprise investment by one of the worlds elite they would double their money in short order on this tight silver market. Just need one of them to look at this as easy money to bring silver up to where it once was....dont even need it to get past it's all time high and they double their money
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