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Tuesday, May 21, 2024 9:33:18 AM
Go to 36:30 in the video and someone asks Keith the question about a merger between First Majestic and First Mining Gold. You can hear his reply and take what you will from it.
The little chuckle at the beginning gave it away for me.
He said it had crossed his mind before.....but he wasn't sure if FM shareholders wanted to become a gold company. Really?
Without being very specific about the question asked he then said he didn't want this to be about First Majestic. Well, as I see it FM is the 800 lb. gorilla in the room and FMG is the baby brother to this point.
I've heard Keith comment in the past that FM wants to mine more gold going forward because of gold's price stability over that of silver's price instability. That was also one of the big reasons for acquiring Jerritt Canyon, so I really don't believe for a second this is NOT about the possibility of a JV or merger
at some point down the road for these two companies. Time will tell.
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