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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 JBoukison Mar 21, 2021 1:06pm
212 Views
Post# 32847005

Mex tax issue...thoughts

Mex tax issue...thoughts

At the end of the day, Mexico can ask what it wants.  As far as I'm concerned, this is nothing but a tax grab to see what they can get.  

"SAT issued a $132 million tax bill for 2013, when Primero's had a pretax net income of $4 million that year. So the tax for 2013 is more than 30x times what they earned. Lol. The other years are no different. First the SAT tax is in contradiction with the signed agreement with the SAT, second the amount is in complete disproportion. No way that gets through."

Don't let us these bashers/shorters and mentally unstable people scare you out of this investment.  I am not saying that this tax issue is not an issue, it is, and comes with risk but please do your own DD and use facts rather than conjecture.  

EVERONE HAS AN AGNEDA. 
 

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