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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

Comment by AXPROon Nov 07, 2020 4:23pm
88 Views
Post# 31858160

RE:RE:RE:RE:RE:RE:RE:RE:RE:Lol. Well if anything

RE:RE:RE:RE:RE:RE:RE:RE:RE:Lol. Well if anything He Mattykid, Reread FR Q2 report, it states VERY clear that FR sold the entire withheld inventory of 970K silver ounces AND 6000 gold ounces for the total of $25M. Now applying a GSR of 80:1 for gold ounces, you will figure out the silver eq ounces comes out to be approx 1.45M. Ignore what you will or want, but I'm RIGHT with my numbers. FR numbers aren't that correct. Also look at Q2, their loss was $10M, at 10cents a share. The float is/was 210M shares. My calculator tells me -10 cents a share at 210M shares is $21M or the loss per share is $10M / 210M is approx -4.8 cents a share. I'm not POA'ing these numbers, I'm just very good with numbers and REPORTED inconsistencies. I also realize the Q reports are Not Audited, that however doesn't mean you don't need to digest them. You're probably a headlines person, where I understand and interpret the details and small print too. Glty
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