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 jay10000on Nov 14, 2006 11:45pm

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Post# 11683328

RE: jay10000

Hi CRBULL, I am aware that it was a US based hedge fund out of New York that had about 1.7M shares to unload. I have been following house positions since then, and found it a little more than coincidental that Sprott's net position since then is around the same number. Is it possible that the hedge fund is selling through Sprott Securities? I figured it was not Sprott Asset Management as they use various other houses to do their buying and selling for their funds. Just speculation on my part, just seemes too much of a coincidence. Thanks, J

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