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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 Flulion Apr 14, 2011 11:00am
323 Views
Post# 18430556

RE: Article in The Globe on Silver,April 13th

RE: Article in The Globe on Silver,April 13thLittleguy has it right. There is no wall of supply coming in the next two years. The commodities you´re refering to are industrial commodities only. Don´t forget the investment demand which is expected to climb with the unavoidable printing of money by the central banks of this planet in a desperate effort to delay the collaps of their collective debt.

So your comparison is improper. Silver may correct or not, but this run isn´t over. The more the corrupt media of this world is complaining and warning about the high Silver-Price the more you can beg it will rise further, because they only try to protect the short investment banks. So, if there is a squeeze, why not 150 $. Perhaps not at the end of 2011 but for 2012 there is a real possibility for this mark.

GLTA

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Bullboard Posts