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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
Post by wahjai604on Mar 12, 2010 1:58am
503 Views
Post# 16874411

How China Will Drive Silver To $250

How China Will Drive Silver To $250Source: https://www.stockhouse.com/Columnists/2010/March/12/How-China-will-drive-silver-to-$250

A really great article posted on Stockhouse about the potential for Silver to go up exponentially in the coming years. I totally agree that not just China will increase it's consumption of Silver, but so will other countries like India, because when they see their neighbours having such an insatiable demand they too will jump on the band wagon.

Hopefully when Silver demand spikes up, FR will be also there for the ride with their 13M Oz of silver to be producing annually at the end of the year of 2012. You can read up on the old post that I put up in Nov last year:

https://www.stockhouse.com/Columnists/2010/March/12/How-China-will-drive-silver-to-$250

Which reminds me, the Del Toro Silver Mine should be receiving their permit soon so that they can start to break ground in mid 2010. That is if they are still on track to do so, anyone have an update about Del Toro?

Cheers!
WahJai604
Bullboard Posts