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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 riverrunneron Oct 30, 2014 4:21pm
324 Views
Post# 23078747

RE:RE:Similar to 2008 the bashers really ramp it up at the lows...

RE:RE:Similar to 2008 the bashers really ramp it up at the lows...I have to respectfully disagree.  This could have gone completely differently.  FM has always had one of the best management teams in the sector, and its OK to question, of course, but if you're not in their shoes, its always easy to get it right.  Especially in hindsight...  If there has been relevant news that called for this sort of decline I would be more pessamistic, and that's really saying something.  ANV declined almost 25% yesterday on no news.  My simple opinion is that this is probably what it seems to be, the rich beating down the things they want, and amping up the things they want YOU to want.  Its not like this has never happened before.  And then there is Greenspan opening his mouth...
Bullboard Posts