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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 garygpon Nov 20, 2009 10:26am
651 Views
Post# 16507387

RE: RE: hi

RE: RE: hiWith reference to the second paragraph of your post where you note AEM is proud of their accomplishments with the 4000 TPD mill.  So they should be.  AEM is one if the best run low cost producers in the space.  And don't forget, AEM is a gold producer, and in this market the gold/silver ratio is 64 to 1; that makes their mill light years ahead of FR in cash and cash flow terms as well. 

As an aside, AEM has also grown the company without massive dilution to the shareholders, a concept Keith has yet to become familiar with.  Any bets when the next round of private placements will occur?

garygp
Bullboard Posts