First Majestic (AG) Touches 13-Year High on Silver High

Core Viewpoint - First Majestic Silver Corp. (NYSE:AG) has reached a 13-year high due to increased investor interest in precious metals amid geopolitical tensions and concerns regarding the US Federal Reserve's independence [1][3]. Group 1: Stock Performance - On a recent trading day, First Majestic's stock price increased by as much as 8.9% to $20.60, before closing up 6.93% at $20.22 [2]. - The rise in stock price coincided with spot silver prices reaching an all-time high of $86.12 [2]. Group 2: Geopolitical and Economic Factors - The rally in silver and mining stocks is attributed to ongoing geopolitical tensions in Iran and concerns over the Federal Reserve's independence, particularly following comments from Chairman Jerome Powell regarding threats from President Trump [3][4]. - President Trump has been advocating for lower interest rates to stimulate economic growth, criticizing the Federal Reserve for its cautious approach to rate cuts [4]. Group 3: Company Developments - First Majestic Silver Corp. has sold its Del Toro Silver Mine in Zacatecas, Mexico, to Sierra Madre Gold & Silver Ltd. for a total of $60 million [4]. - The payment structure includes $20 million in cash, $10 million in Sierra Madre shares, and $30 million in delayed and contingent consideration [5].