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.

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First Majestic Silver Corp > ????

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Comment by Crashcomingsoonon Jan 16, 2024 4:29pm

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RE:????

I don't understand either, but I don't think it will be down long. Just keep an eye on the government debt and their funding requirements at the current level of interest rates. And a recession will balloon the deficit.

Why The Market Is Gunning For An Early Fed Rate-Cut | ZeroHedge
Excerpt:

The sooner rates are cut, the sooner pressure is taken off reserves from government interest payments, which are set to balloon to as high as an astronomical $1.5 trillion this year.

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