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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 JaidenInvesteron Apr 26, 2011 3:35pm
666 Views
Post# 18490395

RE: This is what is going on !!

RE: This is what is going on !!From kitco!!

CME Group Raises Performance Bonds For Comex Silver Futures

25 April 2010, 4:01 p.m.
Kitco News
[link to www.kitco.com]


(KitcoNews) - Margins needed to trade Comex silver futures are beingincreased by the CME Group and will take effect after the close ofbusiness on Tuesday, the exchange said Monday in a press release.

Themove by the CME Group to raise the margin needed to trade – also knownas performance bonds – silver futures on the Comex division of the NewYork Mercantile Exchange likely won’t come as a surprise given the heavyvolume and more than $4 an ounce price swing in the metal on Monday.Futures traders had talked about the possibility this would occurbecause of Monday’s volatility. The CME Group is the parent company forthe Comex and Nymex.

The changes are as follows:

Comex 5000 ounce silver futures and Comex Silver Trade At Settle

Trader Type Current Initial Margin Current Maintenance New Initial New Maintenance
Speculator $11,745 $8,700 $12,825 $9,500
Hedger/Member $8,700 $8,700 $9,500 $9,500

Comex MiNY Silver Futures

Trader Type Current Initial Margin Current Maintenance New Initial New Maintenance
Speculator $5,873 $4,350 $6,413 $4,750
Hedger/Member $4,350 $4,350 $4,750 $4,750

E-Mini Silver Futures

Trader Type Current Initial Margin Current Maintenance New Initial New Maintenance
Speculator $2,349 $1,740 $2,565 $1,900
Hedger/Member $1,740 $1,740 $1,900 $1,900

By Debbie Carlson of Kitco News dcarlson@kitco.co
Bullboard Posts