![]() ![]() See Also: Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your WealthĪG Price Action: First Majestic shares were down 16.9% after hours at $6.18 at time of publication, according to Benzinga Pro. The average First Majestic Silver stock price. Revised guidance is expected to be released in July. The Wall Street analyst predicted that First Majestic Silvers share price could reach 12.00 by Aug 7, 2024. The Company will continue exploring both near-mine and prospective regional greenfield targets to grow Jerritt Canyon's resources, which we believe will significantly enhance the economics for the eventual restart of operations," said Keith Neumeyer, president and CEO of First Majestic.Īs a result of the mining suspension, the company said its previous production and cost guidance for Jerritt Canyon is unreliable. As an investor, have you ever considered investing in First Majestic Silver This publicly traded mining company specializes. "While mining activities have temporarily stopped, processing of the remaining surface stockpiles will occur for the next couple of months. ![]() It has four producing mines under its control. Jerritt Canyon represented 21% of the company's total revenues last year. is a Canadian silver-mining company that operates in Mexico and the United States. Since acquiring the mine nearly two years ago, the company has been focused on increasing mining rates, but despite its efforts, rates have remained low, while costs per ounce have remained elevated.įirst Majestic attributed much of its struggles to contractor inefficiencies and high costs, inflationary cost pressures, lower-than-expected head grades and multiple extreme weather events. What Happened: First Majestic said it will suspend mining activities, reduce investments and trim its workforce at Jerritt Canyon, effective immediately. First Majestic Silver Corp, with a market cap of 1. The 12 analysts offering price forecasts for First Majestic Silver CorporationShs have a median target of 14.08, with a high estimate of 22.50 and a low estimate of 10.00. AG First Majestic Silver Corp, a Canadian silver mining company, has experienced fluctuations. Shares of silver and gold miner First Majestic Silver Corp AG are getting buried in Monday's after-hours session after the company announced plans to temporarily suspend all mining activities at one of its gold mines. First Majestic Silver.has initiated arbitration proceedings against the government of Mexico, which is seeking more than 500 million from the company in. Factors Affecting AG First Majestic Silver Corps Stock Price.
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