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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 29, 2024 6:45am
181 Views
Post# 36245798

RE:RE:RE:RE:RE:RE:RE:"3.7m oz gold but they think there's an elephant there"

RE:RE:RE:RE:RE:RE:RE:"3.7m oz gold but they think there's an elephant there"The problem with the last run up to $28 was that it was fake, part of that 2021 silver squeeze/meme-stock run as I recall (I was also invested then). I'm not counting on the price getting back there soon but I plan on trading out at high cycle points and getting back in at low cycle points over the next few years and that there is money to be made that way as we wait for JC to come back online. I think we could see price head towards $9.50 or $10 CAD towards end of this year (assuming silver continues upward over that time) before it heads lower again and then rebounding again next year. Seems at the moment, a lot are not willing to hold mining stocks for very long hence my instinct would be to take any wins quickly and then wait for another opportunity. GLTA
AXPRO wrote: You might be right, you might be wrong too.
It's now an impresiive number of Q's since AG/FR has made a profit.
Every flippin' Q report he, KN, pulls a new cost increasing rabbit out of his hat.
Even with $28+ per ounce he generates a $40M+ loss.

It's my largest position and I go to bed crying as I missed the opportunity to sell at $28+ two years ago.
Now hoping it gets back to somewhere like $18 .......
A man can dream right, however with the newest dilution for Gatos, that may never happen 


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