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 > FR mgmt. quotes from SilverFest

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Post by mattbighamon Sep 14, 2020 1:24am

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Post# 31551165

FR mgmt. quotes from SilverFest

Todd Anthony: (What are we going to do with the Sprott money) We have long list of projects we want to pursue, plus we always want to have $100m in the bank - @FMSilverCorp #SilverFest

Todd Anthony: its a double edged sword being in the ETF. $AG has been pulled out of $GDXJ three times in the last 10 years. After every pull out the short interest drops because they can’t borrow the stocks. The ETFs don’t care about shorting

Todd Anthony: the other miners in Mexico are also facing similar issues Eg. Newmont

The tax issue with the Mexican Government is over the taxes on a streaming royalty on a historical arrangement with Wheaton when Silver was at $4... Mexican Government wants their taxes paid on spot not on the royalty price - @keith_neumeyer

We are looking at other assets in (in other countries)... But political jurisdictions are very important and we need chunky assets. I'm not interested in getting into Russia or Bolivia, I want to de-risk the portfolio not increase the risk -

@keith_neumeyer

#SilverFest

Silver Wheaton had a similar problem. The stock popped. A lot of funds are not able to invest in us until the issue is dealt with. So they had to invest in our peers -
Todd Anthony

I'm still super supportive of being in Mexico. Mexico is still a great place. Who wants to do this kind of work? - @keith_neumeyer

https://twitter.com/myprecious999

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