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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 boredhousewifeon Oct 03, 2011 3:21pm
147 Views
Post# 19112947

RE: Market cap

RE: Market capOverall market is smashing stocks fundamentals be damned, good news from other countries be damned. RBC rates this stock to perform 1.25 for 2011. At least a dividend would stop shorters in their tracks if it was instilled however I doubt AG would do it no sense for them to do it until maybe the company gets back on it's feet again. Nothing not even blue chips or speculative are getting a break because of the Eurozone has been dominating all news no matter how good the news may be. Interesting enough the media keeps harping on Asia and US and yet both countries filed good data on the week end and today and yet pushed right under the rug because of Greece. Another week from now they must decide Greece's fate on their installment of bailout Oct 13. Lucky AG has no assets nor do they deal in the Eurozone but a lot of investors don't think of that so it is in a way safe from Eurozone troubles. It is considered a contraian stock and should be looked at alone it profits in the US and Canada which in fact Canada is in good shape and if US would just release more good data and be on their way to a bit off a lift from where they are AG sits on a good position now. With a cleaner balance sheet and new leadership. AG actually is good pick in this market speculative or not. It is a crying shame that Greece had to destroy what would have been a decent day for everyone on the market. JMHO
Bullboard Posts