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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
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Post by Crashcomingsoonon Jan 02, 2024 3:25pm
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Post# 35807597

Silver Miners in 2024

Silver Miners in 2024David Erfle Weekly Kitco Precious Metal Sector Op-Ed (mailchi.mp)

Excerpt:
After being relentlessly sold down to 2016 levels in relation to the silver price earlier this month, junior silver stocks are possibly the most undervalued and best investment opportunity in 2024. At the end of 2023, silver is 1/2 its all-time high from 1980, while gold is 2.5x its 1980 high. This 34-year chart shows how cheap silver is historically in relation to gold, and this chart shows SILJ possibly double-bottoming in relation to silver after reaching the uber-depressed 2016 low.  When the SILJ/Silver ratio was last at 0.30 during the second week of 2016, several junior stocks zoomed 5x-10x in just six months. At this time next year, we may look back on Q4 2023 as being the lowest risk entry point for contrarian speculators to accumulate holding positions in quality junior silver stocks for outsized gains into 2025.  
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