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First Majestic Silver Corp T.AG

Alternate Symbol(s):  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

Bullboard Posts
Comment by strannickon Nov 18, 2010 12:04pm
474 Views
Post# 17724777

RE: Silver prices despite margin increases

RE: Silver prices despite margin increasesThe silver price seems impervious to being jammed down  to suit the purposes of the Large Commercial net shorts, ahead of options expiry and the expiration of the December contract. It will be interesting to see what these manipulative Banksters and their complicit CFTC lackeys will resort to next. Another Tues. margin increase? That would make 3. What happens when all the longs arrive, contracts in hands, clammouring for their physical from the Comex vaults, which have already been bleeding physical. Maybe the CME will try to assuage them with SLV shares in the Exchange For Physical. Whether the vault gets drained, or whether the Comex tries to settle with paper, silver will shoot over 30 bucks. This could turn into a rout
Bullboard Posts