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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Post by chuck8on Aug 30, 2016 7:14pm

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Post# 25193246

The spin

There's been a lot of spin about how gold is going to tank and how US general market and economy is so great. Here is some basic info (all data taken from Kitco's site today...Year to date percentage increases):
DJIA is +5.91% YTD
S&P 500 is +6.47% YTD
Nasdaq is +4.31% YTD
Gold is 21.27% YTD
So gold has appreciated 14.8% YTD over its closest rival (S&P 500) but of course many precious metal stocks have far surpassed the above. Believe what you wish but look carefully at the facts first. And don't shoot the messanger as just stating the facts.

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