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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 BaldSilverHeadon Sep 27, 2023 10:50am
122 Views
Post# 35656818

RE:Any idea on price support

RE:Any idea on price supportI see 1.75-3.30 (could possibly go sub dollar if it gets ugly) either at tax loss season or March 24 when trillions will need to be refied at lower interest rates. It will go way down from here til approximately March 2024 but will then recover and climb way above these levels. You can sit and wait if your time horizon is long enough and your pain / stress level can handle it. Otherwise move to cash before 2 Oct (possible black Monday part deux). Just my opinion - everyone's got one. Good Luck!
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