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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 Crashcomingsoonon Sep 28, 2023 6:39pm
134 Views
Post# 35660521

RE:RE:RE:RE:Any idea on price support

RE:RE:RE:RE:Any idea on price supportD*ck Cheney said "Reagan proved that deficits don't matter".  In reality deficits don't matter until they do and then they really matter.  Sovereign debt will balloon in the next recession and all of that debt will force rates higher and be a drag on the economy.  There is a huge amount of debt globally and a lot of non-sovereign debt will implode  in the next recession.  How about a debt crisis?

Excerpt:
U.S. debt levels have ballooned in recent years, especially after a roughly 50% increase in federal spending between fiscal 2019 and fiscal 2021, according to the U.S. Department of the Treasury. Investors fear interest rates may keep rising as the U.S. fiscal situation worsens, hurting the demand for Treasurys

Also:

Kelly Evans: If bond yields don't start dropping.... (msn.com)
Excerpts:

Add it all up, and you're left with a massive debt pile, continued budget deficits, and an enormous amount of global government debt on the market competing for fewer structural buyers as central bank demand has dried up. "The epic sovereign bond bubble continues to unwind," wrote Peter Boockvar of Bleakley Advisors this morning. Prices for certain poster-child debt, like Australia's 100-year long bond, have crashed by 75% from their highs.  

How much worse could it get? That's what investors are getting nervous about. "Looking ahead, the real risk to the economy, including financial stability, is if weak economic data doesn't result in falling long-term interest rates," warned Apollo's Torsten Slok in a client note this morning.

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