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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.


TSX:AG - Post by User

First Majestic Silver Corp > Any idea on price support
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Comment by Crashcomingsoonon Sep 27, 2023 1:04pm
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Post# 35657290

RE:RE:Any idea on price support

RE:RE:Any idea on price supportMy Comment:  Anything is possible, but I don't expect AG to fall to the levels you think.  There are just too many economic problems which will support the PMs and the miners.  It's all about the debt.  I certainly don't expect the national debt to be brought under control.  In fact I expect the deficits to increase in the next recession. I'm expecting the national debt to reach $40 Trillion by 2026.  There is too much debt globally due to the reckless policies of CBs over the past 35 years and there will be a big price to pay for that.

A Crisis Is Coming: Who Is Swimming Naked? | ZeroHedge

Excerpt:
U.S. debt levels and its ratio to GDP are significantly higher than when Fed Chair Paul Volcker was taming inflation with double-digit interest rates forty years ago. Total debt is double what it was in 2008. That crisis almost bankrupted the entire banking system
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