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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 georgoubon May 19, 2016 3:56pm
189 Views
Post# 24889904

RE:really have to be stupid

RE:really have to be stupidDepends on how you look at it and what camp you're in. If you think that PM's get hammered as a result of FED funds rate increase/s then yes, there probably will be pressure on PM's, albeit short-lived. I tend to look at things from more of a macro level and big picture is still the same - low growth, low inflation, market volatility, NIRP environment growing, supply/demand fundamentals for Ag etc. etc... all good for PM's and bad for USD. Silver is different than gold somewhat in that I see it set up as win-win, regardless of which way the economy goes. Due to it being an industrial metal as well as a PM/currency (based on some folks), it can do well in either environment. Everyone has their strategy and reasons for it. So, you must be smart? What's your strategy? Enlighten us!
Bullboard Posts