Bullboard - Stock Discussion Forum 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... see more

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First Majestic Silver Corp > Seeking Alpha discussion on the $500 M USD Mexico demands

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Post by mattbigham on Feb 01, 2021 4:52pm

Seeking Alpha discussion on the $500 M USD Mexico demands

Valueish_Investor

Today, 11:15 AM

Comments (92)

Looks like some creative transfer pricing was used by First M management -"According to the government’s analysis, Primero Empresa Minera, which First Majestic bought in 2018, set its silver prices below market value in a system used by multinationals to shift profits to low tax havens."...

Clark158f1

Today, 12:43 PM

Comments (1.72K)

@Valueish_Investo rExactly....they sold to a subsidiary at below market prices to avoid taxes and got caught.

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Comment by CountOfMeltedCrisco on Feb 01, 2021 5:05pm

Difficulties such as these are always solved by a liberal application of Palm Grease, a time-proven way to turn squeaky wheels into smoothly-turning ones. This time will be no different.

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Comment by Marvin074 on Feb 01, 2021 5:19pm

LOLOL..posting someone's opinions on that ridiculous article..LMAO.. What happened to you Matty? Did ol foxy scare you into selling too soon?

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Comment by mattbigham on Feb 01, 2021 5:42pm

. If the allegations hold any merit and Mexico is now 'doubling down' against First Majestic it suggests some degree of attention should be granted. Or,you can simply use "LOL" as your position on the matter. It's your dime.

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