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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 Sep 04, 2024 6:13pm
118 Views
Post# 36208897

RE:RE:RE:All that money

RE:RE:RE:All that moneySeems that there is a plan for Jerritt Canyon but it is maybe a few years away from coming back online (?). Keith recently called it a "strategic asset" in an interview so I'm not expecting that we will see much beyond a few news releases on drill results anytime soon. There will be a payback period on the mint and they are still scaling up which will influence that timeline I imagine but again, becoming vertically integrated is strategic in nature and so I'm expecting payoffs years down the road. I'm also looking at their current state and to how they will maximize output at the mines in Mexico and the eventual resolution of the tax dispute which to my eyes seems that they are doing exactly what they need to do in taking it to arbitration (and then with a new leader in Mexico, could that help in some way).

I'm holding my position which is in a loss at the moment. I think silver will continue to go up and that will ultimately help this stock in some way. Time will tell. GLTA
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