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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

Metals & Mining Silver
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

First Majestic Silver Corp
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Comment by electrowingon Jun 24, 2011 11:09am
332 Views
Post# 18761087

RE: RE: RE: RE: Todays price action?

RE: RE: RE: RE: Todays price action?Personally, i think we're just seeing good old fashioned resistance.  People paid north of $18 over a few sessions are now reluctant to surrender shares.  Call me a basher, if u wish, but this position will eventually track the spot price.  If silver remains well under $35, FR will gradually trickle down.  If silver rallies in the next few days, AG will follow.  It's all about spot/contract price of silver.  
Bullboard Posts
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