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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 Co2Harveston Jan 24, 2024 8:11pm
181 Views
Post# 35844153

RE:RE:RE:RE:RE:????

RE:RE:RE:RE:RE:????I like that it seems that the payback period is expected to be low (~year according to their COO if I recall), so it could be scalable and I think I remember Keith saying that they are considering offering their minting services (and roasters at Jerritt) to other producers. That's a great way to make lemonade from lemons in my view,  considering how silver continues to be stuck in a range and when it finally does start to move, First Majestic will only be that much stronger. GLTA
Stratocheif wrote: Agree. The mint is a good idea. Can't believe what people are still paying for physical  silver.  Spot price is 22.5 but to buy a silver ounce coin you gotta pay around 30 for it. 
So the mint will bring in extra money depending on how much they can sell. If they don't sell a lot, the costs of building and operating the mint will not be covered so it could go either way. 
But unfortunately, desperate times call for desperate action. 


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