Q: Hi Team,
What do you think of the latest quarterly results?
Also, is First Majestic a good investment for the next ~5 years (hard question)--Silver play without Mexico lawfare problems?
Thanks,
Joseph
What do you think of the latest quarterly results?
Also, is First Majestic a good investment for the next ~5 years (hard question)--Silver play without Mexico lawfare problems?
Thanks,
Joseph
5i Research Answer:
AG only released its production results; financial results are due November 7. It produced 5.5M silver equivalent ounces, up 4% from last year. It commented on its drilling program and a new discovery. But we really need to see costs and earnings for a full review. The production increase is good but it has been losing money these past couple of years. A profit is expected in 2025. We would consider it still one of the better silver producers today for a 5-yr term.