First Majestic Silver Corp. (TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ)announced that the new La Encantada cyanidation plant was inaugurated in a ceremony on November 19, 2009 is declared that the new plant is officially open. The press release is quoted as saying: First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to [...]
First Majestic Silver Corp. (TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ), Normabec Mining Resources Ltd (TSX VENTURE:NMB) and Brionor Resources Inc. (“Brionor”) today announced the closing today of the plan of arrangement previously announced in the joint news release of First Majestic and Normabec dated September 14, 2009. The press release is quoted as saying: Under the Arrangement, First Majestic today [...]
By Melissa Pistilli-Exclusive to Silver Investing News Gold is riding high on dollar weakness, increased risk appetite and inflation fears bringing its price per ounce above $1,100. Silver has come along for the ride, but hasn’t managed to hold a break over the $18 level. Concerns over sluggish industrial demand for base metals in general [...]
By Melissa Pistilli-Exclusive to Silver Investing News The seasonal patterns characteristic of the latest bull run in precious metals were thrown off course last year as the economic crisis exploded and commodities across the board took massive hits. What technically should have been a memorable fall rally for precious metals prices will instead be remembered [...]
By Melissa Pistilli-Exclusive to Silver Investing News Monday, the spot price of silver came under further selling pressure under the weight of a stronger U.S. dollar. Commodities across the board tumbled yesterday on the latest report from the World Bank that the world economy is forecasted to contract 2.9 per cent this year as opposed [...]
First Majestic (TSE:FR) annouced today that it’s wholly owned sub, First Majestic Plata, SA de SV., was awarded a Clean Industry Certificate. The certificate was awarded by the Mexican Environmental Authority PROFEPA for the company’s activities at its La Parrilla Silver Mine. The press release states that voluntary audits were submitted for twenty-nine months to demonstrate [...]
First Majestic Silver (TSE:FR) announced today that they have closed the financing they announced on Feb. 19. CIBC World Markets, Blackmont Capital, GMP Securities, and Thomas Weisel Partners have invested over $21 million Canadian. The company said that the majority of the proceeds will be used for mill construction and mine improvements at the Company’s [...]
First Majestic Silver reports an update regarding its activities in Mexico at the Del Toro Silver Mine. The Del Toro deposits types consist of fissure-filled (veins), metasomatic replacement (mantos) and cavity-filled (breccia pipes, chimneys and stockwork zones). These deposits have originated from hydrothermal solutions related to igneous activity. They consist of underground polymetallic silver / [...]
First Majestic Silver Corp. reports many positive developments despite the shares now trading at close to three year lows. President and CEO Keith Neumeyer commented at the Denver Gold Show in Colorado and the Hard Asset Conference in Las Vegas this week that with the shares now trading at close to three year lows that [...]
First Majestic Silver Corp. reports its unaudited financial results for second quarter ending June 30, 2008. Management is pleased by the many improvements in costs which can be seen in the second quarter, however, further improvements in profitability can be made and are expected going forward as smelting costs are reduced and expenses come down. It’s important [...]
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