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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 > Do you think that was the capitulation?
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Comment by holographicbreaon Feb 15, 2024 5:48pm
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Post# 35882989

RE:RE:RE:Do you think that was the capitulation?

RE:RE:RE:Do you think that was the capitulation?
Factoring in real inflation this latest breakdown can't be far short of the 2016 low.
Also comparing it to gold prices is probably much lower.
Comparing it to the SMP it has probably fallen off the bottom of the chart.
For me the only thing I'm worried about is a total crash of everything.
Other than that I consider it and other silver miners as some of the most undervalued stocks at the moment.
You can't smash them down forever at some point the sellers run out, the tide turns, and the algorithms run the other way.
The thoughts of a novice. Good luck trading
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