Profile
Sector:
Basic MaterialsIndustry:
SilverCountry:
CanadaIPO:
28 November 2006Website:
http://www.firstmajestic.comNext earnings report:
08 May 2025Last dividends:
15 November 2024Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:49:18 GMTAnalysts recommendations
Institutional Ownership
AG Latest News
The spot price of silver is roughly $35 per ounce, just below the highest level in over a decade. Alongside gold, which has repeatedly touched new record highs in recent months, the price of silver has skyrocketed amid geopolitical turmoil around the world and uncertainty regarding the future of American politics.
TCS, AG and SCWX have been added to the Zacks Rank #5 (Strong Sell) List on October 23, 2024.
Michael 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.
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that total production in the third quarter of 2024 from the Company's three producing underground mines in Mexico, the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, reached 5.5 million silver equivalent ("AgEq") ounces, consisting of 2.0 million silver ounces and 41,761 gold ounces. In the first nine months of 2024, the Company produced 6.0 million silver ounces and 117,036 gold ounces for total production of 15.9 million AgEq ounces, or approximately 72% of the midpoint of the Company's revised 2024 production guidance of 21.4 to 22.6 million AgEq ounces.
The near-term prospects of the Zacks Mining - Silver industry look upbeat on rising silver prices and strong demand. Stocks like FNLPF, HL, AG, MAG and VZLA are worth keeping tabs on.
Michael 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.
Michael 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.
AG inks deal to buy Gatos Silver. This acquisition will enhance its scale and be accretive to cash flow, production and mineral reserves.
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 Joint Venture, which owns the producing Cerro Los Gatos underground silver mine in Chihuahua, Mexico.
First Majestic had another mediocre quarter in Q2 2024, reporting a 20% decline in silver production and a 13% decline in gold production. Unfortunately, these figures were far uglier on a per share basis given that First Majestic remains active with ATM sales, with over 14 million shares sold already year-to-date. In this update we'll dig into the Q2-24 results, recent developments and whether the stock is finally offering an adequate margin of safety after its 80% correction.
What type of business is First Majestic Silver?
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.
What sector is First Majestic Silver in?
First Majestic Silver is in the Basic Materials sector
What industry is First Majestic Silver in?
First Majestic Silver is in the Silver industry
What country is First Majestic Silver from?
First Majestic Silver is headquartered in Canada
When did First Majestic Silver go public?
First Majestic Silver initial public offering (IPO) was on 28 November 2006
What is First Majestic Silver website?
https://www.firstmajestic.com
Is First Majestic Silver in the S&P 500?
No, First Majestic Silver is not included in the S&P 500 index
Is First Majestic Silver in the NASDAQ 100?
No, First Majestic Silver is not included in the NASDAQ 100 index
Is First Majestic Silver in the Dow Jones?
No, First Majestic Silver is not included in the Dow Jones index
When was First Majestic Silver the previous earnings report?
No data
When does First Majestic Silver earnings report?
The next expected earnings date for First Majestic Silver is 08 May 2025