First Majestic Silver (AG)
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Markets wait for a rate cut, and First Majestic Silver announces $970 million acquisition
KITCO· 2024-09-07 04:31
Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.ShareDisclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc ...
First Majestic to Acquire Gatos Silver to Boost Production Profile
ZACKS· 2024-09-05 18:11
First Majestic Silver Corp. (AG) announced that it has entered into an agreement to acquire Gatos Silver, Inc. With this deal, AG will gain 70% interest in the high-quality and long-life Cerro Los Gatos underground mine. The deal implies a total equity value for Gatos at around $970 million.The Gatos Silver deal will solidify First Majestic’s position as an intermediate primary silver producer. The combined entity, with a pro forma market capitalization of around $3 billion, will have an enhanced production ...
First Majestic Silver to acquire Gatos Silver in $970 million deal
KITCO· 2024-09-05 16:12
Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.ShareDisclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc ...
First Majestic Announces Agreement to Acquire Gatos Silver
Newsfile· 2024-09-05 11:00
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) ("First Majestic") and Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos") are pleased to announce they have entered into a definitive merger agreement (the "Definitive Agreement") pursuant to which First Majestic will acquire all of the issued and outstanding common shares of Gatos (the "Transaction"). Gatos is a silver dominant producer with a 70% interest in the Los Gatos Joi ...
First Majestic Silver: Continued Share Dilution Despite Record Gold Prices
Seeking Alpha· 2024-08-22 16:13
DarioGaona We're nearing the end of the Q2 earnings season for the precious metals sector and one of the more recent companies to report its results was First Majestic Silver (NYSE:AG). However, unlike most producers that saw free cash flow swing back to positive territory and enjoyed significantly higher revenue, First Majestic was an anomaly. Not only did revenue actually slide year-over-year due to having to lap production at Jerritt Canyon which has since gone into care and maintenance, but free cas ...
First Majestic Silver drops on high inventory levels, production woes
KITCO· 2024-08-01 16:57
Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.ShareDisclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc ...
First Majestic Silver: Still A Money Loser
Seeking Alpha· 2024-08-01 15:19
Adam Gault First Majestic Silver Corp. (NYSE:AG) is a silver mining company that we have traded several times in the past. In our last two pieces covering First Majestic we first recommended a tactical short for double-digit returns. Then, back in the fall, we moved to neutral on the stock, as we saw subpar performance given a higher metal price situation. Here we are more than halfway into calendar 2024, and we have strong metal prices. However, shares of the stock are about where they were in the fall ...
First Majestic Silver (AG) - 2024 Q2 - Quarterly Report
2024-08-01 11:10
| --- | --- | |-----------------------------------------------------|-------------------| | | | | CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS | | | FOR THE THREE AND SIX MONTHS ENDED JUNE | 30, 2024 AND 2023 | | (UNAUDITED) | | | | | | | | 925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2 Phone: 604.688.3033 | Fax: 604.639.8873| Toll Free: 1.866.529.2807 | Email: info@firstmajestic.com www.firstmajestic.com Management's Responsibilities over Financial Reporting The condensed inter ...
First Majestic Announces Financial Results for Q2 2024, Increased Silver Inventory, and Quarterly Dividend Payment
Newsfile· 2024-08-01 11:00
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the Company's unaudited condensed interim consolidated financial results for the second quarter ended June 30, 2024. The full version of the financial statements and the accompanying management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDG ...
First Majestic Announces New High-Grade Gold and Silver Discovery at Santa Elena
Newsfile· 2024-07-30 11:00
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the discovery of a significant new, vein-hosted gold and silver mineralized system at its Santa Elena property in Sonora, Mexico. This new high-grade discovery, the Navidad vein system ("Navidad"), was made at depth adjacent to the Company's 100%-owned and currently producing Ermitaño mine."We are very excited about the new hi ...