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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
Post by Timmieon Jan 04, 2017 12:25am
324 Views
Post# 25664646

World's Purest Silver Producer To Join Class Action Lawsuit

World's Purest Silver Producer To Join Class Action LawsuitNow that the cat is out of the bag and Deutsche Bank has agreed to turn over documents implicating other banks in related schemes, major mining companies are preparing lawsuits of their own. Straight-shooting First Majestic Silver CEO Keith Neumeyer, who in 2015 was the first mining company head to issue a public statement on the manipulation of precious metals prices by a small concentration of players, has said that the companys legal team is closely monitoring the situation. Citing loss of revenue, jobs and shareholder value Neumeyer said in an interview with SGT Report that his company will likely be preparing legal action against the bullion banks involved in the rigging of prices. I have an intimate knowledge of what goes on on the trading floors how front running occurs, how wash trading occurs, how spoofing occurs Ive been looking for an opportunity to step in Ive been very vocal Ive talked to many executives that are running other silver companies When the Deutsche news came out I sent an email to the law firm thats responsible for this lawsuit and I had a conference call with two lawyers we spoke about this case I can tell you that a couple of the CEOs of some very prominent silver companies in the States have no interest in pursuing this Other CEOs have said that they are interested in pursuing this with First Majestic. Were monitoring this. Were going to follow it. Were likely going to, at some point, add our name to the class action lawsuit. https://www.zerohedge.com/news/2017-01-03/worlds-purest-silver-producer-join-class-action-lawsuit-against-bullion-banks-price-
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