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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

Post by Fullnelson237on Oct 21, 2020 5:45pm
71 Views
Post# 31759264

Quarter

Quarter On the last conf call they said their production numbers were low because of Covid shutdowns.  Said they should be closer to previous quarter in the next round of reporting which should put it around six million equival ounces.  I was figuring an average price of 24 which may be on the optimistic side.  All this to say that in percentage terms these numbers should look pretty darn decent.  IMO the tax issue is the drag. 
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