TSX:AGMetals and Mining
First Majestic Silver (TSX:AG) Is Up 34.8% After Record Output and Net Income Surge – Has the Bull Case Changed?
First Majestic Silver Corp. recently reported a strong third quarter, reversing a prior net loss with net income of US$43 million and record revenues driven by higher output and rising silver prices, and announced an upcoming dividend for shareholders.
An interesting detail is that the company achieved a very large year-over-year production increase, benefiting from tight silver supply and growing demand, while options trading activity surged amid market speculation and sector...