Key Take Away PointsInterview time is from 47:24 to 59:35. Within the first 3 minutes Keith talks about future plans for First Majestic.
According to Keith, within two or three years the following things should be completed and in production:
1.) First Majestic will have completed the La Encantada Silver Mine in the next couple months bringing the total production to 6 million ounces in 2010
2.) Del Toro Silver Mine is currently in permit, with initial breaking of ground in mid 2010 and will be the fourth mine that will eventually bring total production to 10 million ounces once the mine comes on stream 2011
3.) Rio De Catorse (Not sure if it is spelled right) is a project that they have just recently acquired through Normabec Resources and is expected to come online in 2012 bringing the total production of silver to 13 million ounces. (There is no mention of this new project on the company website, so I would expect a NR coming out shortly about this acquisition)
So that means from now til approximately 2012, they will in theory have produced approximately 3X more silver by then.
I know it's a forward looking statement, but if Keith continues to manage the company well, I'm sure it will live up to its current fame of being the 5th fastest growing company in BC and may be in the future take 1st place!
Cheers!
Wahjai604