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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.


TSX:AG - Post by User

First Majestic Silver Corp
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Comment by Mineshackon Apr 05, 2020 11:06pm
188 Views
Post# 30881773

RE:Rich12

RE:Rich12November 2011? Then he wasn't the first.

I suggested holding back silver January 13, 2009:

Great Panther Silver




oldfx1 wrote: Eric Sprott was the 1st to suggest holding back Silver Nov 2011 and FR did along with buying Sprott's physical ETF the idea back fired BIG time as the price of Silver was $33 falling to $26 so in hindsight the Silver producers were better off selling all they could mine into Dec 2011 and going forward as the price only hit $37 breifly in 2012 before a steady decline into $26 again during 2012...holding back production isn't a no brainer for higher prices especially permanent higher prices as DEMAND always controls the trend

https://www.mining.com/sprotts-call-for-silver-producers-to-hold-back-metal-strikes-chord/4385/


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