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First Majestic Silver Corp. (AG)

NYSE - NYSE Delayed Price. Currency in USD
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12.95-0.17 (-1.30%)
At close: 4:00PM EDT
12.92 -0.03 (-0.23%)
After hours: 07:32PM EDT
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  • D
    Dirk
    $GOLD and $NEM are up today.
    Are major miners showing the example ?
  • D
    Dirk
    Joe, I think we may have found our black swan in China.
  • J
    Julian
    @Dirk FYI
    Gatos Silver Extinguishes Its Los Gatos Joint Venture Debt Obligation
    7:00 AM ET, 07/26/2021 - Business Wire
    DENVER--(BUSINESS WIRE)--Jul. 26, 2021-- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) is pleased to announce its 70%-owned Los Gatos Joint Venture (“LGJV”) has repaid its Term Loan (“Term Loan”) effective July 26, 2021. Gatos Silver’s attributable portion of the Term Loan retirement and related costs was approximately $155.9 million.

    Gatos Silver’s portion of the Term Loan retirement was funded with proceeds from the recently completed public offering, available cash on hand and $13 million borrowed under Gatos Silver’s Revolving Credit Facility. The Term Loan retirement greatly fortifies Gatos Silver’s balance sheet by eliminating significant annual interest, at least $31 million of annual principal payments and removing a requirement for approximately $50 million to be held as cash reserves under the Term Loan.

    Stephen Orr, the Company’s Chief Executive Officer, stated: “The retirement of the LGJV Term Loan is a major milestone in Gatos Silver’s path of creating substantial shareholder value since the Company’s IPO in October 2020. With the Cerro Los Gatos (‘CLG’) mine and processing facility now operating above design capacity, record-breaking production was achieved in the second quarter. CLG is now generating strong cash flows to fund additional performance improvement initiatives and exploration at the Company’s vast and highly prospective property positions in Mexico.”
  • J
    Julian
    DXY down, 10 year down, silver, guess were, down as well, guess now we need a star alignment as well!!!
  • S
    SC
    The last few weeks have been sickening with the stock. Down 4 out of 5 days a week on average, and any gains are pennies. When silver is down it’s a guaranteed red session...with silver up it appears that it doesn’t matter. I’m stuck Long and battling since day 1. Maybe if Gold makes a run after the Fed meeting this week we’ll see a catalyst to a Summer uptrend.
  • N
    Napoleon Bonaparte
    when the stock market goes up, THEY say risk on, PMs fall. When the stock market falls, THEY say with fear everything goes down including PMs. Basically, THEY say gold and silver should FALL in ANY case, so why are tge sovereigns and the central banks buying GOLD?
  • D
    Dirk
    On 4th Jan of this year, real US10Y hit -1.08% and gold hit 1944. Today, US10Y hit -1.12% and gold is 1811.
    Bullish
  • M
    Money $Duckie$ 🤑
    Just in from the desk @ Zacks : First Majestic Silver Corp. AG engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production. The Zacks Consensus Estimate for its current year earnings has been revised 10.3% downward over the last 30 days.
  • D
    Dirk
    DXY down with another -0.28% today. Like yesterday. If this can't boost precious metals in the coming days, then nothing can.
  • D
    Dirk
    FOMC tomorrow: "Newspeak" is the fictional language of Oceania, a totalitarian superstate that is the setting of dystopian novel Nineteen Eighty-Four, by George Orwell.
  • D
    Dirk
    As the PMS seems to be linked to the DXY recently, we will need the DXY to fall. Currently we are at -0.30% for the DXY, and we are at high DXY levels of 92.62. If the dollar falls, then the PMS will go up. The DXY should be meaningless for the PMS, as all is relative, but it is what it is. The real factor for the PMS should be the real yields, and they continue to fall. We will see.
  • D
    Dirk
    Julian, GATOS is the best performer today. Let's hope we can get back up quick.
  • P
    Peter
    When you buy mining shares, you are contributing to the problem. These miners are selling their precious metals at these "managed" prices. They are feeding the banks. It is confiscation. Instead own the bullion.
  • D
    Dirk
    Newmont's Q2 earnings nearly double from last year on higher gold prices
  • D
    Dirk
    The Silver/S&P 500 ratio is at all-time lows at 0.007 in 2021. The highest ratio was at 0.445 in 1980. Lol.
  • C
    Celty
    Good to see the usual morning beat down on gold and silver continue. Not.
  • M
    MT
    what else do I have. Not much. I just am looking into chemical stocks. Everything in the market is over priced except oil and gold stocks. Some healthcare and chemical stock are fairly priced. The rest of the stock market is in a huge bubble.
  • D
    Dirk
    John Williams, founder of ShadowStats, discusses with David Lin, anchor for Kitco News, why the U.S. is headed towards hyperinflation.

    Williams, who calculates the inflation rate using methodology the U.S. government used in the 1980s before revisions, estimated that the current rate of inflation is already 13.5 %, much higher than the 5.4% that the Bureau of Labor Statistics reported for June.
    Bullish
  • M
    MT
    gold and silver are dead now until real yield fall. We know that real yields have fallen, but wall street does not use those numbers. dxy is still too strong. This shows the world still has confidence in the dollar. Also, many debts are priced in dollars, so all that will have to work itself out. Gold and Silver as we saw last year are really just catastrophe assets. They only go up when people panic. Right now it's risk on. Look at the stock market indexes.
  • J
    Joe
    @MT....you'll love the irony...not yet ready to call it a generational stock just yet, but I've owned for awhile and bought more last week and this morning - #MT-....just on their investment in form energy...form energy- google that one. Also backs up logic to owning #BHP, #RIO and #VALE.