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First Majestic Silver Corp. (FR.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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16.73-0.39 (-2.28%)
At close: 4:00PM EST
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  • D
    Dirkus
    It was not a good day today, but it is what we probably need to boost precious metals finally higher. Gold & silver always rise harder and faster out of US equity corrections. The DXY also seems to have topped and is -0.79% lower at this moment. The DXY held the precious metals down these last months. If the DXY starts falling again, then that will be good for us. Gold has held up well today, with BTC down almost 8%. It is proof again that BTC is mainly digital, and not so much gold. BTC and NASDAQ are correlated. And as NASDAQ is at its top, that should be bad for BTC and good for Gold in the coming months. If the economy shuts down again then new money will be needed to help out businesses. The stagflation scenario is more and more likely by the day. All this is good for precious metals again. But for the moment we haven't seen them move. Hopefully that day will come soon. Because this is very frustrating.
  • D
    Dirkus
    IMF stats: The Monetary Authority of Singapore added 26t of #gold to its reserves over May and June 2021. This is its first gold purchase since at least 2000, and another instance of a developed market CB buying (along with Ireland).
  • J
    Joe
    Newbies beware: Financial scam disguising as a miner! Eight straight years of losses. Jerritt mine bought for 10x the worth - AISC per gold ounce is $2,286. Mexican government has $550 million tax liability on company. CEO picked Board of Director stole $85 million (see annual report footnotes). Less than 10 year mine liifes left at all 3 Mexican mines (Santa Elena at 5 years). 5 closed mines in Care and Maintenance. San Dimas mine gives most of its profits up to wheaton precious metals as royalties. Insiders sold over 2,285,000 shares in past 4 months, all while printing more In-the-money Options. Danger Will Robinson - "Danger"!!
  • J
    Joe
    Australian Bowden mine with 163 million ounces in resources coming on-line in 2023. That's more silver in 1 mine than First Majestic produced at 12 mines over past 17 years. Think about that for a minute. Financial scam disguising as a miner.
  • D
    Dirkus
    APM +10% today. 200M MCAP for 6MOZ SILVER / year, with 100M CASH on hand. AISC now at $17.94, lower than the $18.04 last year. Same MOZ production as FSM at 1300M MCAP and EXK at 1100M MCAP. APM is 8% of my portfolio now.

    Q3 2021 production of 1.5 million silver equivalent ounces(1), YTD production of 4.4 million silver equivalent ounces(1), on track to achieve 2021 production guidance of 5.8 - 6.1 million ounces; Q3 2021 all-in sustaining costs ("AISC")(2) per silver ounce sold of $17.94, compared with AISC of $18.04 per silver ounce sold during Q3 2020. YTD AISC of $18.08 on track to achieve 2021 guidance of $17.50 - $19.50 per ounce;
  • C
    Celty
    I will never get the impulse to sell everything and buy bonds at times like these.
    More shut downs, production slows. supply lines strained even further. The market getting flooded with more US Dollars.
    Inflation is sure to be transitory.
  • D
    Dirkus
    Here in Belgium/Flanders we have a vaccination rate of 97%. One of the highest in the world. We now have the 2nd highest number of infections in the world after the Czech Republic. Infections now seem to happen via the non-vaccinated children (<12) (+50% infections in schools in 1 week).
  • J
    Jim
    First Majestic acquired Jerritt Canyon Gold mine earlier this year which enhanced its geographic operating platform while adding a producing asset in a world class jurisdiction as Nevada is considered one of the most attractive jurisdictions for mining operations.
  • D
    Dirkus
    German import prices grew by 21.7% YoY, post the biggest annual rise since 1980
  • D
    Dirkus
    Two more UK power and gas retailers collapsed.
    Since August, the UK has witnessed the collapse of 25 energy retailers.
  • J
    Joe
    Value stock is BASF(#BASFY) - PE of 10, dividend of 5.6% and raising prices every few months instead of losing money by operating like this miner does. Google "#BASF announces price increases"....you can see they have the power to certainly stay even with inflationary trend. They're also large shareholder of EU's biggest gas producer....gl.
  • J
    Joe
    Just Release by the Silver Institute: "Industrial Demand for Silver Rebounding to a New High in 2021"
    "Physical Silver Investment Forecast to Jump by 32% in 2021 for a 6-Year High" (November 17, 2021) - "Every key area of silver demand is forecast to rise in 2021, including a record total for industrial demand, despite ongoing supply chain challenges, reported Philip Newman, Managing Director at Metals Focus, and Adam Webb, Director of Mine Supply, during the Silver Institute’s Interim Silver Market Review webcast today, which featured historical supply and demand statistics and estimates for 2021. The following are the key highlights from the presentation:

    • With each significant component of silver demand forecast to rise in 2021, global silver demand is set to reach 1.29 billion ounces, the first time it has exceeded 1 billion ounces since 2015.

    • The recovery in silver industrial demand from the pandemic will see this segment achieve a new high of 524 million ounces (Moz). In terms of some of the key segments, we estimate that photovoltaic demand will rise by 13% to over 110 Moz, a new high and highlighting silver’s key role in the green economy. This will also underpin much of the forecast 10% gain in electrical/electro nics offtake. Finally, brazing alloy & solder demand is set to improve by 10% in 2021, helped by a recovery in housing and
    construction, although this will still fall short of pre-pandemic levels.

    • Physical investment in 2021 is on course to increase by 32%, or 64 Moz, year-on-year to a six-year high of 263 Moz. The strength will be driven by the US and India. Building on solid gains last year, US coin and bar demand is expected to surpass 100 Moz for the first time since 2015. Growth began with the social media buying frenzy before spreading to more traditional silver investors. Indian demand reflects improved sentiment towards the silver price and a recovering economy. Overall, physical investment in
    India is forecast to surge almost three-fold this year, having collapsed in 2020.

    • Exchange-traded products are forecast to see total holdings rise by 150 Moz this year. As a result, combined holdings will have risen by a dramatic 564 Moz over the past three years. During 2021 and through to November 10, holdings rose by 83 Moz, taking the global total to 1.15 billion ounces, close to its record high of 1.21 billion ounces which occurred on February 2, at the height of the
    social media storm.

    • This year, the silver price has built on its 2020 gains and has continued to strengthen. Through to November 10, prices have risen by
    28% year-on-year. This follows a 27% rise for the annual average price in 2020. The upside reflects heallthy investor inflows into silver, on the back of supportive macroeconomic conditions, notably the persistence of exceptionally low interest rates, concerns about uncontrolled fiscal expansion and, most recently, growing concerns about rising inflationary pressures. The gold:silver ratio fell to 62 in early February, its lowest since July 2014. However, since then it has risen, to stand at around 74 in early November. Even so, this still compares favorably with last year when the ratio averaged 89. In terms of the full year price average, Metals Focus expect silver to rise by 24% year-on-year to $25.40. This would achieve the highest annual average since 2012’s $31.15.

    • In 2021, mined silver production is expected to rise by 6% year-on-year to 829 Moz. This recovery is largely the result of most mines being able to operate at full production rates throughout the year following enforced stoppages in 2020 due to the pandemic. Those countries where output was most heavily impacted last year, such as Peru, Mexico and Bolivia, will have the biggest increases. Meanwhile, strong silver and byproduct metal prices this year have improved profitability in the silver mining sector despite rising input costs. Average margins in the industry are currently at their highest since 2012 and only 5% of global primary silver mines were operating with costs above the silver price in the first
    half of the year.

    • Silver jewelry and silverware fabrication are expected to partially recover from 2020’s depressed totals, rising by 18% and 25% respectively, to 173 Moz and 40 Moz. Both markets will benefit from a marked upturn in all key countries, especially in India as the economy and consumer sentiment have bounced back more quickly than expected, and as restrictions ended in time for the allimportant wedding and festive season.

    • Overall, the silver market is expected to record a physical deficit in 2021, albeit modestly. At 7 Moz, this will mark the first deficit since 2015.
  • D
    Dirkus
    Here in the EU, the COVID situation is worsening a lot. Austria in lockdown. Tsjechia in lockdown. Germany thinking about going into lockdown. Escalating in Belgium and the Netherlands. Covid going from East-Europe to West-Europe. This cannot be good for consumer sentiment, and for the economy. It will be a sad holiday season again.
  • J
    Joe
    No matter how it looks at this moment this morning ...
    FACT: Silver to $26.84+++ then $29+++ then $35+++/oz very soon and $60+++ in 2022/2023 + much higher long-term ....
    FACT: Gold is going to Gold to $1950/oz then $2100 then $2300+++/oz very soon and $3000+++ in 2022/2023 + much higher long-term

    BUY all the GORO and AG you can get your hands on! GORO will get you the highest percentage gains in the shortest amount of time by far!
  • D
    Dirkus
    Happy Thanksgiving you USA investors !
  • T
    THeRmoNukE
    Ah Beta. If only silver could have continued consolidating $25, the beta would have worked for us. But it didn’t. So the beta comes through forcefully as silver trades lower. I ask myself what has changed the last few days that silver, and gold, should move lower. Nothing comes to mind. Food gas fuel and medicine continue appreciation. We’re giving away oil stockpiles for emergency situations, for what? Have we reached a point where most people just don’t have any money to put aside into precious? Should we just trade all our physical for however many barrels of oil we can take possession of? Every day, what you can acquire for an ounce of silver or gold gets smaller. Not only through lower prices, but the appreciation of everything else. What is the silver to oil ratio now and historically. Silver to a gallon of milk. Gold to property. Has to be record lows while gold and silver to USD (limitless supply) continues weakening.
  • M
    MT
    Look at that the majors nem and gold did not sell off. safe haven are major gold producers. good to know. small streamers getting sold off and smaller gold miners getting sold off.
  • J
    Jim
    First Majestic has also been making investments that will aid in cost reduction starting in the fourth quarter, driven by higher production, lowered capital costs and continued improvements in operating efficiencies.
  • D
    Dirkus
    With covid the economy will need new money printing soon. How is the FED/ECB going to communicate that?
  • D
    Dirkus
    Gold under 1800, silver under 24, platinum under 1000 and Palladium under 2000. Handy for today's option expiry day !