First Majestic Silver's (NYSE:AG,TSX:FR) La Encantada silver mine in Mexico should be back into the ore within weeks after a labour disruption halted production in May.
First Majestic Silver Mining News
Company said blockade was in response to a recently announced bonus offer in lieu of profit sharing.
Output of the precious metal in the three months to Sep. 30 increased 20% to 3.1 million ounces — a new quarterly record.
The Mexico-focused miner has benefitted from an ongoing silver rally and even more so than many of its peers, as it chose not to diversify into other metals.
"Combined company with production of well over 20 million silver equivalent ounces per year"
VIDEO: First Majestic Silver on precious metal volatility, Mexican taxes, and becoming a senior producer
Producing over 10 million ounces of silver annually.
The company was off 3.77% to $11.24 today.
Reversal for Hector Davila Santos and Minerales y Minas Mexicanas, S.A. de C.V.
Shares of First Majestic in Toronto rose 4.7% to $18.69, after the announcement.
Mexico-focused First Majestic Silver's (TSX:FR) (NYSE:AG) joined the group of silver producers that have been hit hard by the falling prices of the precious metal, as the company’s reported a profit drop of 50% year-on-year in the second quarter.
The main source of silver to the Spanish crown during the 1500s, the Mexican state of Zacatecas is again enjoying the attention of foreign investors.
The Washington Post reports a "stark collision of cultures" is taking place in the desert mountains of Mexico, where the Huichol Indians are trying to stop a Canadian company from starting a $100-million silver mine.
First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX:FR)(NYSE:AG)(FRANKFURT:FMV) is pleased to announce that Douglas Penrose has been appointed as Chairman of the Board effective January 1, 2012.
The Hera Research Newsletter (HRN) is pleased to present an incredibly powerful interview with Keith Neumeyer, Chief Executive Officer, President and Director of First Majestic Silver Corp. (TSX:FR / NYSE:AG).
We made our first purchase of First Majestic Silver Corporation (FR:TSX || AG:NYSE) on 9th Feb 2011 at $13.13 and decided to hold despite a rapid rise in the order of 92% gained within two months of purchase. As we can see from the chart the stock price has eased along with the correction in silver prices.
First Majestic has experienced a new record for quarterly earnings for the first quarter of 2011 due to a 30% increase in average realized silver prices over the prior quarter and a 95% increase from the same quarter of 2010. Silver production in the first quarter remained steady at the same levels as the fourth quarter of 2010, which is up 25% over the first quarter of 2010.
Exclusive interview with Keith Neumeyer, President and CEO of First Majestic Silver Corp., followed by an overview of the company and our conclusion. Charts first: Q&A for First Majestic Silver Corp. Q. Will growth for […]