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 > Seeking Alpha discussion on the $500 M USD Mexico demands

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Post by mattbighamon Feb 01, 2021 4:52pm

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Post# 32439967

Seeking Alpha discussion on the $500 M USD Mexico demands

Valueish_Investor

Today, 11:15 AM

Comments (92)

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Looks like some creative transfer pricing was used by First M management -"According to the government’s analysis, Primero Empresa Minera, which First Majestic bought in 2018, set its silver prices below market value in a system used by multinationals to shift profits to low tax havens."...