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First Majestic Silver Corp C.AG.UN


Primary Symbol: 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 OptsyEagleon Feb 24, 2010 4:31pm
266 Views
Post# 16816676

RE: RE: Trading Pattern

RE: RE: Trading Pattern188,000 shares traded.  That's quite the manipulation.

Before the problems were issues that AG.UN could overcome.  A justice department investigation and bad weather.  Now the problem is the management and the infastructure of the company.  It's debt costs just ballooned and the outstanding share count has increased by a whopping 25% in only a year.  Management wants a pat on the back for paying down debt with all the distribution money they saved,  but then end the year with more debt on the books,  then when they started.

I think more than a few investors have just thrown in the towel on this one.
Bullboard Posts