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 gloxinia123on Dec 15, 2011 3:11pm

691 Views

Post# 19326241

RE: Today's action

Here is an extract from a Bloomberg News article:

"First Majestic Silver Corp., which operates in Mexico, jumped 10 percent to C$16.77. The company will be added to the NYSE Arca Gold Miners Index on Dec. 19, Todd Anthony, investor- relations manager for First Majestic, said in a telephone interview. The index is used for the $8.65 billion Market Vectors Gold Miners ETF."

I think this explains the action.

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