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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 stocktraderguy1on Jan 30, 2021 12:12pm
162 Views
Post# 32428372

RE:First Majestic Silver has an online Silver Shop!

RE:First Majestic Silver has an online Silver Shop!its not that simple...

FR creates unrefined bars that are sent to refiners to turn into various products...

the refiners have contracts to supply ... so even FR waits in line to get physical products for the store..... 

The amount of investment silver physical sold continues a very strong pattern and spikes like we saw last week are drawing physical demand in a tight supply...

I expect we will continue to see real physical shortages at any price under $50 

silver is a small market, since Thursday we saw the tip of the spear.

any significant money added will start to make real moves.... as we are now seeing a light shone on the criminal level manipulation shorting  that continues.... when these guys have to unwind thier short positions we willstart to see the real price of silver.... diamond hands till then
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