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First Majestic Silver Corp. (AG)

NYSE - NYSE Delayed Price. Currency in USD
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13.73+0.34 (+2.54%)
At close: 4:00PM EDT
13.67 -0.06 (-0.44%)
Pre-Market: 08:27AM EDT
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  • D
    Dirk
    P&G Warns of Higher Costs and Slower Sales. P&G CEO Says Costs of Commodities and Freight Have 'Escalated Significantly'.
  • D
    Dirk
    Julian, ABRA up +12%. That's the stock of which I doubled my shares yesterday evening. :-)
  • D
    Dirk
    Well done AG. Let's hope that PMS can now finally start to move. After 1 year we have been patient enough.
  • D
    Dirk
    My portfolio went up +5.8% today in a single day. The best performance ever. Let's see what tomorrow brings.
  • D
    Dirk
    Major Silver Miners are not following the metals as they should. Silver +3.05%. AG +3.85%. The Silver Juniors are exploding however, which is a good sign.
  • J
    Jim
    Wow! Higher highs and higher lows. Here we go!
    Bullish
  • D
    Dirk
    German CPI accelerates in July to 3.8% YoY vs 3.2% expected and highest inflation since the re-unification boom in 1993.
  • D
    Dirk
    They are clueless. They admit inflation is higher and more persistent than expected; They think it is transitory, but don't know when it will end lol.
    Bullish
  • 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.”
  • D
    Dirk
    I'm 100% in silver Miners. This is looking good. If history matters then August and September should be tremendous. Too soon to tell with all the smack downs. As volume is low in summer months, share prices can rise quickly.
    Bullish
  • D
    Dirk
    Anyone selling their gold or silver miners now is crazy. PMS and miners are oversold, and are at the lowest of their GDX and SIL channels. This is certainly not the time to sell.
  • D
    Dirk
    Optiver Holding B.V. acquired a new stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 668,541 shares of the mining company’s stock, valued at approximately $10,421,000.

    Several other large investors have also modified their holdings of AG. The Manufacturers Life Insurance Company increased its position in shares of First Majestic Silver by 3.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 209,590 shares of the mining company’s stock worth $3,580,000 after purchasing an additional 7,143 shares during the last quarter. LPL Financial LLC grew its position in First Majestic Silver by 4.3% in the 4th quarter. LPL Financial LLC now owns 141,269 shares of the mining company’s stock valued at $1,899,000 after acquiring an additional 5,790 shares in the last quarter. Guggenheim Capital LLC grew its position in First Majestic Silver by 25.9% in the 4th quarter. Guggenheim Capital LLC now owns 320,143 shares of the mining company’s stock valued at $4,302,000 after acquiring an additional 65,924 shares in the last quarter. Morgan Stanley grew its position in First Majestic Silver by 4.1% in the 4th quarter. Morgan Stanley now owns 1,412,334 shares of the mining company’s stock valued at $18,982,000 after acquiring an additional 55,831 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in First Majestic Silver in the 4th quarter valued at about $526,000. 28.39% of the stock is owned by hedge funds and other institutional investors.
  • J
    Jim
    Oh my... What is going on? I made a good call on 7/16 to buy more shares. :-)
    Bullish
  • D
    Dirk
    And silver keeps rising. Where is the NY smackdown ? I would almost say that I miss it, because this behaviour is not normal. Fishy :-)
  • 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.
  • 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.
  • J
    Julian
    @Joe BHP nearing 82.07 52w high and then 84.90.
  • D
    Dirk
    Joe, I think we may have found our black swan in China.
  • D
    Dirk
    Julian, I have sold MUX, and added extra shared to ABRA and ELORO.
  • 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?