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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
Bullboard Posts
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Post by Trappist1on May 27, 2013 5:41am
199 Views
Post# 21444594

FR storing silver in inventory?

FR storing silver in inventory?

With silver prices at the low side, shouldnt or couldnt FR add Silver to its inventory/balance sheet and wait for improving market prices?

 

Selling their silver at $27 in their own shop or at $22.75 Comex related price, this spread is too big and points to a discrepancy.

 

With this FR would also give a signal to the market, that it is perceiving current market price as too low.

 

What do you think ?

 

thanks,

Trappist

Bullboard Posts
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