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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 interim consolidated financial statements of First Majestic Silver Corp. (the "Company") are the responsibility of the Company's ma ...
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 ...
First Majestic (AG) Q2 Silver Production Rises Sequentially
ZACKS· 2024-07-19 16:25
First Majestic Silver Corp. (AG) announced that its total production reached 5.3 million silver equivalent ("AgEq") ounces in the second quarter of 2024. The figure consists of 2.1 million silver ounces and 39,339 gold ounces.On a sequential basis, silver production grew 7%, whereas gold production increased 9%. Overall silver equivalent ounces jumped 2% from the prior quarter. The rise was mainly driven by higher silver production at La Encantada and increased AgEq production at Santa Elena. However, this ...
First Majestic Produces 5.3 Million AgEq Oz in Q2 2024 Consisting of 2.1 Million Silver Ounces and 39,339 Gold Ounces; Announces Updated 2024 Production and Cost Guidance and Conference Call Details
Newsfile· 2024-07-18 11:00
First Majestic Produces 5.3 Million AgEq Oz in Q2 2024 Consisting of 2.1 Million Silver Ounces and 39,339 Gold Ounces; Announces Updated 2024 Production and Cost Guidance and Conference Call DetailsJuly 18, 2024 7:00 AM EDT | Source: First Majestic Silver Corp.Vancouver, British Columbia--(Newsfile Corp. - July 18, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that total production in the second quarter of 2024 from the Compan ...
Inflation Damnation. 2 Stocks to Sell, 1 to Buy
Investor Place· 2024-07-17 10:24
For the first time in four years, inflation finally fell. In June, the Consumer Price Index (CPI) slipped 0.1% to 3%. Baby steps. Yet it has given rise to the hope the Federal Reserve will cut interest rates as soon as September. After an unprecedented series of 11 hikes over the course of a year beginning in 2022, we may begin to see them head lower again.Just don’t hold your breath. There is a lot of time between now and when the Fed bank presidents meet again and we could always see inflation in July and ...
3 Mining Stocks to Watch as Silver Prices Reach 12-Year High
MarketBeat· 2024-07-02 14:17
The new commodity cycle is underway, and typically, two items take the lead wherever the cycle is headed. Of course, these two widely watched leaders are oil and gold prices, as both are reliable fundamental and psychological indicators to show investors where the economy could be headed tomorrow. Here’s what’s making them move.Oil prices struggled to break above $80 a barrel for some weeks, but now the commodity is moving upward. Why? Expectations of a new manufacturing sector uproar are making the energy ...
First Majestic Reports Positive Exploration Results at San Dimas
Newsfile· 2024-06-13 11:00
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce positive drilling results from its 2024 exploration program at the San Dimas Silver/Gold Mine located in Durango State, Mexico. The drill program was designed to test new silver and gold mineral targets, add Mineral Resources, and convert Mineral Resources to Mineral Reserves."We are very pleased with the positive exploration ...
Growth Stock Greats: 3 Picks That Will Accelerate Your Portfolio's Performance
Investor Place· 2024-06-04 14:21
Smart investors look for growth stocks to maximize gains while minimizing risks.Sounds simple, right?That’s often not what happens, though!Most investors have little experience or have a trait for following the herd, which means they buy stocks at the top.They might think, “Well, everyone is raving about it, so it MUST be good.”Or they might think, “It’s already gone up 1354%, so it must be a growth stock.”Not so fast!Look to history for things “everyone raves about,” and what is good or bad is not always c ...