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First Majestic Silver Corp T.FR


Primary Symbol: 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

Bullboard Posts
Comment by threecpxon Mar 05, 2008 10:52am
210 Views
Post# 14599203

RE: Yeah ...... It makes sense

RE: Yeah ...... It makes senseAs a suggestion, one should call the financial officer and chat about earnings and expenses ... While the game plan is real about growing production and becoming a dividend paying co, refurbushing old mines, increasing exploration/reserve, buying old mines ... can't be done without money. It has also been said that more financing is need ion the future hopefully at mucho higher prices in order to be a 1st tiered silver producer. Even at +5Moz at $20 net profit per OZ, can't built a brand spanking new mine at today's cost which cost +500M Share price "should" go up as shareholders asset goes up but "net earnings" can be negative almost infinitum. Last thread for me on this one since I've said it all already. Good luck all.
Bullboard Posts