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First Majestic Silver Corp AG


Primary Symbol: T.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 tictactoe111on May 16, 2021 4:34pm
281 Views
Post# 33211748

Potential catalyst?

Potential catalyst?It should be interesting to see how this plays out. Anyone who has traded silver for the last few decades would have seen many a false dawn on the horizon but just perhaps this is the catalyst to shine some sunlight onto what is currently a very shady pricing mechanism. Especially given LBMA's recent https://www.valuewalk.com/lbma-march-silver-supply-revised-numbers-class-action-lawsuit-to-follow/

https://www.goldmoney.com/research/goldmoney-insights/the-end-of-the-lbma-is-nigh
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