Tuesday, January 11, 2011

AG - Chemically Pleasing

First Majestic is a Junior Miner that I own, and is on a tear as a company.  They now trade on the big Board, which will expose it to more investors, they should start trading options in the very near future, and today they announce increased production.

I am going to be buying this company on every pullback.

  • Reports production up 62 pct in 2010 to 7 mln ounces
  • Plans to boost 2011 production to 7.5 mln ounces
  • First Majestic's total equivalent ounce production represents 6.5 million ounces of silver, 6.4 million pounds of lead and 2,152 ounces of gold.
  • First Majestic said that expansion of its Parrilla mine in Mexico and operational improvements at two other mines would boost output in 2011.

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