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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 mattbighamon Sep 05, 2024 4:09pm
164 Views
Post# 36210542

RE:Must be a large party that is pi $$ ed off with this deal

RE:Must be a large party that is pi $$ ed off with this deal
As suspected , there is a party or parties that suspect that AG got the better of this deal and they're not happy about it:

The investigation concerns whether Gatos and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Gatos shareholders; (2) determine whether First Majestic is underpaying for Gatos; and (3) disclose all material information necessary for Gatos shareholders to adequately assess and value the merger consideration.
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