First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

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.

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First Majestic Silver Corp

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Comment by zentrarianNZon Dec 24, 2016 11:13pm

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Post# 25643009

RE:RE:RE:added again today

Good point, p-ital, but I did subtract out the profit I took in cash, so it seems O.K. to me to base my cost average on what was still left over to buy back in with.

But never mind all that. I agree with your optimistic forecast - in direction if not necessarily in exact numbers. The important thing to remember is that the longer this artificial suppression of prices continues - and its hard to imagine it going on much longer - the greater will be the reward for those who persevere through it.

This year's 40% spike in silver was (supposedly) due to a mere 25-50 basis point rise in interest rates, and FR shot up 800% in response. Now that, son, is LEVERAGE.

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