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Buy AG First majestic silver company 20% pop next week
Buy AG. First majestic silver
Mining stock See you next week with 15-20% pop
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First Majestic Silver (NYSE:AG,TSX:FR), which also released its first-quarter results, fared a little better, producing nearly 2.5 million silver equivalent ounces, a 33-percent increase compared to the first quarter of last year, and generating net earnings of $26.5 million after taxes, up 1 percent from a year ago. Keith Neumeyer, the company’s president and CEO, stated that First Majestic’s four major expansion projects are still on track and “will set the stage for major growth in the coming years.”
Even so, the company has made substantial budget cuts — including a 49-percent reduction in exploration spending — that total a 16-percent decrease in capital expenditures.
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