First Majestic Silver Corp. (AG): Top Silver Stock For 2017: An Update...

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Monday, 11/13/2017 5:59:19 AM

Monday, November 13, 2017 5:59:19 AM

Top Silver Stock For 2017: An Update

Nov. 13, 2017 4:47 AM ET|3 comments| About: First Majestic Silver Corp. (AG), Includes: SIL

First Majestic Silver has reported Q3 2017 financial results.

My previous top silver stock pick reported an increase in silver equivalent production by 3% to 4 million ounces.

However, cash costs increased, resulting in tight margins per ounce.

Total CAPEX rose 39% to $22.6 million as First Majestic ramped up exploration drilling at all of its assets.

I break down the results and give my thoughts on my previous top silver stock pick.

Update on First Majestic Silver

https://seekingalpha.com/article/4124068-top-silver-stock-2017-update?app=1&auth_param=bvkmd:1d0iqj2:d56fbdab55f54cdd4a8cf7d5d7bced30&uprof=51&utoken=5e48d79e344558a9e92e83d34a3401c9

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