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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 Ranger56on Feb 26, 2014 1:13pm
378 Views
Post# 22254311

RE:hmmm…. looks like a miss

RE:hmmm…. looks like a missYes -- at first glance looks like a miss. I noticed also that the Mexican tax reforms triggered an impairment charge. Here is the 2014 Guidance statement:
On January 14, 2014 , the Company announced 2014 silver production is expected to increase by 19% to 25% to a new operating range of 12.7 to 13.3 million silver ounces (or 14.8 to 15.6 million silver equivalent ounces).  All-in sustaining costs are projected to be in the range of $15.87 to $16.69 per payable silver ounce.
Best to let this digest a little and silver price direction is still the main driver I guess.
Bullboard Posts