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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

Post by mattbighamon Aug 03, 2023 9:36pm
331 Views
Post# 35572455

That Jerritt Canyon stench is gone in Q3

That Jerritt Canyon stench is gone in Q3 
Q2 NR: Excluding Jerritt Canyon, cash costs for the three Mexican operations were $13.44 per AgEq ounce.

Jerritt has severely hurt the bottom line but shelving it onto C&M was the right decision.
Neumeyer eats JC and rightfully so.

Now it becomes a potential future asset when gold breaks out and First Majestic have managed to clean up the expenditure issues of labour and harsh winter exposure that negatively effected the milling operations this past winter.


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