First Majestic Silver Corp T.FR

Primary Symbol: T.AG Alternate Symbol(s): AG

Metals & Mining Silver

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.

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First Majestic Silver Corp > The sad truth is they voted an atm

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Post by Briocheon Jun 17, 2020 1:31pm

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Post# 31161043

The sad truth is they voted an atm

For 100 mil usd in june. It means more dilution coming .

The tax issue is serious . Mex gvt didn't back down for the last 2 years . And 209 mil usd is very heavy . Plus for this year , 4 or 5 weeks without any revenue.
Insiders sold shares right at the top on dec 31 .Ag will need strong operating results to reverse the situation . expensive vs other miners.

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