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.

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First Majestic Silver Corp

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Comment by jims101on Aug 14, 2014 2:34pm

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Post# 22842887

RE:RE:Earning are SO BAD

Bullchart....if only those earnikngs were all recurring....heck things might not be quite so bad.
Net earnings after taxes amounted to $7.6 million or earning per share of $0.06.
Adjusted earnings per share (non-GAAP measure) of $0.02, after excluding non-cash and non-recurring items.
Cash flow per share (non-GAAP) of $0.16, representing a 27% decrease from the prior quarter.

Heck before the break down in price FM was selling for 16 times cash flow....TAD rich....

Every silver play is getting their due....SLW getting smashed today.

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