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

Bullboard Posts

Comment by Wellandon Aug 17, 2014 10:47pm

230 Views

Post# 22850952

RE:The Effect Of Economic Contraction On Silver

Historically the ratio of GOLD over SILVER is around 15. Since it is now around 60, silver could increase 4 times faster than GOLD in a bull market.

Holding silver and gold bullion is good but there is a risk that is could be ceased by the government like in the 1930's by FDR.

Holding companies like FR with a good balance sheet is a MUST.

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