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Bullboard - Stock Discussion Forum 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... see more

TSX:AG - Post Discussion

First Majestic Silver Corp > Selloff coming
View:
Post by Unicorn9000 on Mar 20, 2023 11:43pm

Selloff coming

It will be as massacre.

ouch
Comment by gisellekronk on Mar 21, 2023 8:24am
ya , but as keith keeps telling us , when silver gets to $200 , this will turn around and we will all make money .
Comment by Georgefuntic on Mar 21, 2023 11:17am
it's a complete drama imo
Comment by mattbigham on Mar 21, 2023 8:47am
Baked in. The USD pay for contractors is excessively hurting the bottom line. This stops the bleeding that has been hurting the company.
Comment by Co2Harvest on Mar 21, 2023 10:43am
Agreed. Tough message for investors but it was absolutely the right decision and it presents an opportunity to buy shares a little cheaper if one still believes in the company. It makes liitle sense to produce an asset at a higher cost than you can sell it for. That would have continued to be a drag on quarterly updates. Best to just rip the band-aid ;). GLTA
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