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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

Comment by Co2Harveston Mar 21, 2023 10:43am
170 Views
Post# 35351126

RE:RE:Selloff coming

RE:RE:Selloff comingAgreed. Tough message for investors but it was absolutely the right decision and it presents an opportunity to buy shares a little cheaper if one still believes in the company. It makes liitle sense to produce an asset at a higher cost than you can sell it for. That would have continued to be a drag on quarterly updates. Best to just rip the band-aid ;). GLTA
mattbigham wrote:
Baked in.
The USD pay for contractors is excessively hurting the bottom line.
This stops the bleeding that has been hurting the company.


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