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Bullboard - Stock Discussion Forum First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

First Majestic Silver Corp. is a mining company. The Company is focused on silver and gold production in Mexico and the United States. It owns and operates approximately 350,000 hectares of land package, which include the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, and a 70% joint venture interest in the Cerro Los Gatos Silver Mine as well as a... see more

TSX:AG - Post Discussion

First Majestic Silver Corp > It baffles me.
View:
Post by shiftyone on Jan 12, 2025 10:53pm

It baffles me.

If these companies can't make money in this silver price environment,  what will happen if the price goes down?  It is the same with gold companies.  what does it take for a company to make money?
Comment by RickPeters on Jan 13, 2025 12:48am
The issue isn’t just about company performance..it’s about the silver price itself being heavily controlled. Despite rising inflation and increasing demand for silver in industrial and investment applications, prices remain artificially low, making it difficult for miners to thrive. If silver prices were allowed to reflect true supply and demand dynamics, companies would see higher margins even in ...more  
Comment by Co2Harvest on Jan 14, 2025 7:29pm
And, First Majestic may doing better than it may appear on paper. Their AISC is such that they make basically $1.50 (gross) for every dollar they spend on silver production (rough numbers based upon their AISC). Production has been down but for legitimate reasons and is rising again. Then add Los Gatos, then add an eventual reopening of Jerritt Canyon, then add that they've vertically ...more