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20% in 2 weeks. I'll be riding these waves on the way up or down.
That MACD is in an uptrend in clear positive-divergence.
Bottom V formed. This stock is going to do very well.
Double bottom formed here. Nice time to add under $5.00 heavy for long term gains. $AG
Surging Silver demand for renewable energy, EVs is outpacing supply, creating major deficits. Solar, wind and millions of EVs could require over 5 million tonnes of copper and 2.5 billion ounces of silver by 2030. Investors should monitor supply trends. http://twitter.com/silverbars $AG
Agree. And AG shorties taking opportunity.
I think yesterday was an over reaction. Silver will be up overtime with all the geopolitical conflicts.
How much time you need lol..... $5.80
I added two days ago.
Gonna form a double top. That was retail buying the dip lol
I'll be shorting around 23.50
It’s going to the moon
I though silver and AG were going to a billion dollars and per share......
Oh oh. Somebody has been lying to you.......
Speaking of Broken, how about that matter if time lol. Duurrrr
I spoke to a dealer a month or so ago and he had a client that works for a silver mining company. Said thier all in cost was xx dollar (around 20 I think) and alot of 3rd world miners are like $5. He said this when I brought up hearing a floor should be in for silver prices. I was just green in this stock after buying the last dip for entry. I'm out and on the sidelines now for a bit
Yikes, inflation effects?
First Majestic Temporarily Suspends Mining Activities at Jerritt Canyon
"The decision to temporarily suspend mining activities at Jerritt Canyon, which represented approximately 21% of the Company's 2022 revenue, was driven by our goal to produce profitable ounces across the Company," stated Keith Neumeyer, President and CEO."
"As a result of the suspension, the Company's previous production and cost guidance for Jerritt Canyon can no longer be relied upon."
https://finance.yahoo.com/news/first-majestic-temporarily-suspends-mining-201500253.html
I will be buying today, this week. Silver could skyrocket as banks falter. Good luck!
#AG: DOUBLE BOTTOM... $5.23
#AG: JUST A MATER OF TIME BROKEN...
#Gold #Silver #Platinum #preciousmetals - GDP vs Inflation breaks down for the 3rd time since World War II - TICK TOCK ⏰ pic.twitter.com/r46ewczzgo
— Northstar (@NorthstarCharts) March 4, 2023
Scaling back in here with 1K at 7.69. Bought a huge tranche last Sept at 6.68. That was a happy moment.
I sold a little too soon on this year's run though.
Ooopsss...... $8.18
#AG: ALMOST @ $10.00........
https://pbs.twimg.com/media/FjPbAEMXEA07iYN?format=png&name=large
#AG: GOING TO $10.00...
#AG: HOW ABOUT $8.23.....
#AG: BOTTOM FEEDING TIME...
12-month price forecasts for First Majestic Silver Corp $AG have a median target of 12.00, with a high estimate of 19.50 and a low estimate of 7.75. The median estimate represents a +79.78% increase from the last price of 6.68. $AG https://money.cnn.com/quote/forecast/forecast.html?symb=AG
$AG Precious Metals are ON Fire today
Silver 18.75 +0.09
Platinum 873.00 +18.00
Palladium 1806.00 +24.00
Rhodium 14850.00 +300.00
No idea, you would think it should be up because of the war
Anyone know why this stock is tanking?
$CDSG and $AG news
If silver gets to $100 we’ll all be flying first class to next shareholders meeting to smoke big fat cigars! At $100 silver, FM would be a 10 bagger in my opinion.
Annual Revenue would grow from $584 million to $3 billion and cash flow would be around $2 billion.
Congratulations to all of us in AG! To me the earnings looked great, increase of dividen, and silver is expected to keep going up. If silver really does go to $100, I wonder I anyone has historical details on how this stock tracked the larger moves in silver prices.
Keith st Global Metals and Mining Conference
https://www.kitco.com/news/2022-03-02/Big-tech-companies-may-buy-silver-miners-soon-says-Keith-Neumeyer.html
#AG: ON SALE TODAY.... $9.23
Silver is up today, no reason at all we should be down that I can find.
Plus:
Silver Could Outperform Gold in 2022
8:50 am ET January 20, 2022 (PR Newswire)
After a year of underperformance, investors may turn to silver again this year. Silver's price action has suffered in 2021 in part due to supply bottlenecks and significantly rising energy costs. Industrial silver will contribute to the precious metal's rally in 2022 as some of the supply chain issues are resolved. A shift to more solar power is another key driver that could drive silver prices higher, according to BofA commodity strategists. Analysts remain bullish on silver, saying the precious metal could outperform gold once the bull market kicks off in 2022. Analysts' price forecast for next year ranges from $24 an ounce to over $30 an ounce, depending on the outlook. The rise in silver price should be beneficial for silver stocks like Summa Silver (TSX-V:SSRV) (OTCQB:SSVRF), First Majestic Silver (NYSE:AG) (TSX:FR), Coeur Mining Inc (NYSE:CDE), Hecla Mining (NYSE:HL), and McEwen Mining (TSX:MUX) (NYSE:MUX).
Summa Silver (TSXV: SSVR) (OTCQB: SSVRF) is a Canadian junior mining exploration company focused on drilling at its two wholly-owned high-grade silver-gold properties in the United States, the Hughes property in Tonopah, Nevada, and the Mogollon Property in New Mexico.
In December, Summa Silver announced additional high-grade silver and gold drill results on the Hughes property. The mining company intersected 702 g/t silver equivalent over 3.9 m from five holes from the Belmont Mine target (rescue veins) and 4,116 g/t silver equivalent over 0.4 m from two holes from the Murray target.
"In less than two years since founding the Company we have now drilled multiple zones of strong mineralization over 3.5 km at the Hughes Property in Nevada. Additionally, surface exploration has revealed that the property features totally un-tested and high-priority targets, several of which are along immediate trend from one of the most prolific and famous historic silver districts in the US," said Summa Silver CEO Galen McNamara. "Substantial amounts of drilling are required both here and on our Mogollon Property in 2022 as we drive towards mineral resource estimates. I anticipate that strong mineralization will be intersected regularly as drilling continues."
Later in December, Summa Silver also provided an update on ongoing drilling on the Mogollon property. The company intersected a 50-meter vein zone with visible mineralization in the first hole. McNamara said that while they did not expect the entire intersection to be high grade, the large area of low sulfidation classic veining in the first hole attests to the prospectivity of the Queen vein and the importance of the mineralization system in general. He added that the hole confirms their modeling of historical mining records and limited exploration drilling of the target, as well as supports the vein's strong potential along with strike and down dip.
They might be doing a little covering today, silver itself is up nicely for a change, plus Keith has found gold. I believe you've got your wish, he's going to spend a little money and upgrade, I highlighted were it's reported about the upgrade. GL, Happy NY, too
First Majestic Silver reports record production in 2021
(Kitco News) - First Majestic Silver (TSX:FR) reported today that its full year 2021 production reached a new company record of 26.9 million silver equivalent ounces, or a 32% increase over 2020.
The company said that silver production in 2021 reached 12.8 million ounces, compared to 11.6 million ounces in 2020, which slightly missed the lower end of the company's revised guidance range of producing between 13.0 to 13.8 million ounces of silver.
Importantly, the company's gold production in 2021 reached 192,353 ounces, compared to 100,081 in 2020, achieving the higher end of the company's revised guidance range of producing between 181,000 to 194,000 ounces.
"This strong performance was primarily due to the processing of Ermitaño ore at the Santa Elena plant and strong silver and gold grades at San Dimas in the fourth quarter," First Majestic said in a statement.
The company expects 2022 total production from its four operating mines to range between 32.2 to 35.8 million silver equivalent ounces consisting of 12.2 to 13.5 million ounces of silver and 258,000 to 288,000 ounces of gold. Based on the midpoint of the guidance range, the company expects silver equivalent ounces to increase 27% when compared to 2021.
First Majestic added that silver production is expected to remain consistent with 2021 rates whereas gold production is expected to increase by 42% year-over-year.
Detour Lake was the largest gold mine in Canada in Q3 2021; top 10 local mines up production 12% - report
The increase in gold production is primarily due to the ramp up of production at Ermitaño which is known to contain higher amounts of gold and a full year worth of production from Jerritt Canyon, the company noted.
"First Majestic ended the year with its strongest production quarter in the company's 20-year history," said President and CEO Keith Neumeyer. "During the fourth quarter, production at our San Dimas and Santa Elena mines exceeded expectations and reached new records due to a significant improvement in productivity and in silver and gold grades. Consolidated gold production also reached a new record of 192,353 ounces in 2021 due to the acquisition of the Jerritt Canyon mine and the start of production and first pour from the Ermitaño mine at Santa Elena in November."
He added that in 2022, total production is expected to increase between 20% to 33% compared to 2021 primarily due to higher production expected at San Dimas, Santa Elena and a full year of production at Jerritt Canyon.
In addition, he pointed out that the company is planning to invest significantly in exploration and underground development in 2022 in order to prepare a clear path to achieving the company's goal of producing over 40 million silver equivalent ounces by 2024.
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company presently owns and operates the San Dimas silver/gold mine, the Jerritt Canyon gold mine, the Santa Elena silver/gold mine and the La Encantada silver mine.
By Vladimir Basov
They were looking, and shorting. I too, added. We are way undervalued at today's prices, Silver itself is way undervalued, to boot. I have zero clue why the price target was dropped to $22.50!
HC Wainwright & Co. Maintains Buy on First Majestic Silver, Lowers Price Target to $22.5
6:28 am ET January 19, 2022 (Benzinga) Print
HC Wainwright & Co. analyst Heiko Ihle maintains First Majestic Silver (NYSE:AG) with a Buy and lowers the price target from $25 to $22.5.
Latest Ratings for AG DateFirmActionFromTo
Jan 2022HC Wainwright & Co.MaintainsBuy Jul 2021HC Wainwright & Co.MaintainsBuy May 2021HC Wainwright & Co.MaintainsBuy
View More Analyst Ratings for AG
View the Latest Analyst Ratings
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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