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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

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.


TSX:AG - Post by User

Bullboard Posts
Comment by Trappist1on Jun 11, 2009 2:38pm
489 Views
Post# 16062973

RE: RE: fr

RE: RE: frAll the "good" names in the industry did a capital increase mid/late feb 09 (paas, ssri - as did some gold miners like kgc, aem, ...)

FR got for 20 mio cad in new money which they needed to complete the La Encantada plant. La Encantada will be operational early july and produce 4 mio ounces on annual basis

next, focus will be on Del Toro. Permit imminent and will provide FR with additional growth into 2010

increasing silver prices and decreasing smelting/refining costs will put a leverage on FR's bottom line in Q2 and further in the future.

FR has completed its exploration program, is close to finising the upgrade of production capacity and has no financing problems. Do you know any more junior silver producers in this condition? pls let me know !!

Soon FR will be revaluated on the market as a tier 1 silver producer (valuation line with fres ln, paas, cde, hl)


cheers,
Bullboard Posts