First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.

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First Majestic Silver Corp

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Comment by GOLD8888on Sep 14, 2006 6:21pm

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Post# 11365417

RE: Next Year

Management Credibility - Management of EDR have done what they said they were going to do. FR management has not. I agree that FR is extremely undervalued and own actually more FR now than EDR....but bought at 3.00 and regard it as a steal. I am not selling this until I get at least 33 % profit. EDR has said 2 million ounces for 2006 and it will take a unbelievable fouth quarter for them to make their estimates. So their credibility is about to be tested. They have a new ball crusher that was supposed to be in place in June and is still not functional yet (Is it???).

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