Welcome to our dedicated page for First Majestic news (Ticker: AG), a resource for investors and traders seeking the latest updates and insights on First Majestic stock.
First Majestic Silver Corp. reports developments tied to silver and gold mining in North America, with recurring updates on four producing underground mines in Mexico: Santa Elena, Los Gatos, San Dimas and La Encantada. The company's news also covers its 70% interest in the Los Gatos joint venture, production of silver, gold, zinc, lead and copper, and sales exposure to precious metals in doré and concentrate form.
Company updates frequently address mineral reserve and resource estimates, exploration drilling, operating and financial results, dividend actions, shareholder voting matters, governance and capital-structure disclosures. Jerritt Canyon in Nevada is a recurring exploration and development topic within the company's asset portfolio.
First Majestic Silver Corp. reported a total production of 5.2 million silver equivalent ounces in Q3 2020, comprising 3.2 million ounces of silver and 25,771 ounces of gold, reflecting increases of 72% and 63% respectively from the previous quarter. The company aims to fully recover lost production due to COVID-19 by year-end. The balance of cash and cash equivalents stood at $232.4 million. Significant production growth was noted at La Encantada and San Dimas, while exploration efforts are set to expand with a targeted total of 163,000 metres for the year.
First Majestic Silver Corp. (AG) announced the acquisition of 5,146,401 common shares of Silver Dollar Resources Inc., increasing its ownership to approximately 16.4%. This acquisition, valued at CDN$9,160,594, follows an option agreement from August 2020. Future share acquisition opportunities exist, based on market conditions. The press release emphasizes First Majestic's focus on silver production in Mexico, with expected silver output between 11.0 to 11.7 million ounces in 2020.
First Majestic Silver Corp. (AG) has successfully closed a bought deal with Eric Sprott, issuing 5 million common shares at CDN$15.60 each, resulting in gross proceeds of CDN$78 million. The funds will be utilized for developing mining projects, enhancing existing mines, and increasing working capital. The Offering was conducted under a prospectus supplement filed in Canada, with a focus on silver production in Mexico. The company projects a total silver production of 11.0 to 11.7 million ounces for 2020.
First Majestic Silver Corp. (AG) has successfully closed a previously announced bought deal, issuing 5 million common shares at CDN$15.60 each, generating gross proceeds of CDN$78 million. The funds will be utilized for developing mining projects and enhancing existing operations. The offering was conducted under a prospectus supplement and is not registered under U.S. securities laws. First Majestic focuses on silver production in Mexico, with an estimated output of 11.0 to 11.7 million silver ounces expected in 2020.
First Majestic Silver Corp. (NYSE: AG) has announced a bought deal agreement for the sale of 5,000,000 common shares at CDN$15.60 each, totaling gross proceeds of CDN$78 million. The funds will support the development and improvement of existing mines and bolster working capital. The offering is restricted to Canada and is expected to close by September 17, 2020, pending regulatory approvals. The company projects silver production between 11.0 to 11.7 million ounces in 2020 from its operations in Mexico.