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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 Stratocheifon Sep 13, 2023 9:01am
165 Views
Post# 35633383

RE:K.N. is not alone........

RE:K.N. is not alone........Yes exactly. I remember back then some of these nitwits were out there screaming that gold's true value was $50,000 and it was just a matter of time before its there. And one high profile delusional ( not Keith) was certain silver would go to $500. Why on earth would silver go to $500. Half of it is used In industrial applications and contrary to Mr Neumyer's assertions, there ARE substitutes that are almost as good as silver. If investor hysteria ever pushed silver to 500, it will be very short lived because industry will drop it like a hot potato. And suddenly there will be a glut of silver and resulting plunge in the price. Since 2012, the production of silver has jumped from 500 million oz per year to 800 million. This will add to the potential capitulation of the price. And gold??? Asians, Russians etc are buying now at 1900 because it is still a reasonable price...high but manageable. Who's going to be buying of the price goes to $15000?. There will be a lot of selling, not buying...by those who are smart enough to lock in 750% gains while they can 
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