Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Briocheon Jan 22, 2020 2:56pm
145 Views
Post# 30584669

RE:RE:6 to 9 months in purgatory without the help of silver .

RE:RE:6 to 9 months in purgatory without the help of silver .Possible . But do not bet too much on that . In term of prod , we now have to wait the revised guidance on july to see what increase he will offer . So 6 months before a potential jump unfortunatly . ( at silver price constant) .
He made the right choice to keep the company strong (2020  cashflow and beyond ) but at the end of the day , less oz sold are not exciting for mr market in case of silver rise . 

But many things can happen during this first half year . If treasury is increasing substantially , he will do something with it . He also can sell one / two of the mines stopped and keep royalties . 

All in all i don't think ag can beat the gdx until  summer time 

Glty

Bullboard Posts