Latest news with #FirstMajesticSilver
Yahoo
2 days ago
- Business
- Yahoo
Why First Majestic Silver Corp. (AG) Soared On Thursday
We recently published a list of . In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against other best-performing stocks on Thursday. First Majestic Silver extended its winning streak to a fifth straight day on Thursday, jumping 15.52 percent to close at $8.41 apiece as snapped up shares in the company following the surge in silver prices. Silver futures rose to as high as $36.27 per troy ounce at intra-day trading on Thursday, its highest since 2012, before closing lower to $35.81 per troy ounce. Silver prices grew alongside gold, as investors' funds flocked to safer assets anew to mitigate the risks from the ongoing trade tensions between the US and China. An open-pit mine framed by a mountain range, highlighting the company's vast mining concessions. In recent news, First Majestic Silver Corp. (NYSE:AG) discovered a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico. Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations. First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,' said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer. Overall, AG ranks 3rd on our list of best-performing stocks on Thursday. While we acknowledge the potential of AG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Silver mining stocks surge as spot silver hits 13-year high
-- Shares of silver mining companies experienced significant gains today following a surge in spot silver prices, which soared to their highest level in 13 years. Endeavour Silver (NYSE:EXK) led the rally with an 8% increase, closely followed by First Majestic Silver (NYSE:AG), up 7%, and both Hecla Mining and Coeur Mining (NYSE:CDE), which rose 6%. Other notable increases included Pan American Silver (NYSE:PAAS) and AngloGold Ashanti, both climbing 4.5%, Fortuna Mining up 4.4%, Silvercorp Metals (NYSE:SVM) with a 4% gain, Kinross Gold (NYSE:KGC) rising 2%, and Agnico Eagle (NYSE:AEM) Mines advancing 1.75%. The driver behind the uptick in silver mining stocks is the notable surge in spot silver prices, which hit a high of $36.15 an ounce. The precious metal's price jump was attributed to a combination of factors including technical momentum, improving fundamentals, and a growing interest from investors seeking safe-haven assets. Gold and silver often move in tandem, and the past year has seen gold prices increase by 44%, bolstered by an expanding US-led tariff war and consistent buying by central banks. Silver, which has risen approximately 20%, has not kept pace with gold until now. The recent gains in silver are also supported by substantial inflows into silver-backed exchange-traded funds (ETFs). Holdings in these ETFs increased by 2.2 million ounces on Wednesday, according to Bloomberg data. Additionally, money managers have raised their bullish positions on Comex silver futures as of the week ending May 23. Silver's unique position as both a financial asset and an industrial material, particularly in clean-energy technologies like solar panels, contributes to its appeal. Related articles Silver mining stocks surge as spot silver hits 13-year high Mizuho upgrades Visa as it sees decade-long growth from cash-to-card shift HSBC upgrades Dr Reddy's on weight loss drug semaglutide-driven earnings rebound Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Why First Majestic Silver Corp. (AG) Skyrocketed On Monday
We recently published a list of . In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against other top-performing stocks on Monday. First Majestic Silver grew its share prices by 11.51 percent on Monday to finish at $6.88 apiece as investors turned bullish on the company following its discovery of a new gold-silver deposit that could significantly raise its future production. Last week, First Majestic Silver Corp. (NYSE:AG) announced the discovery of a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico. Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations. An open-pit mine framed by a mountain range, highlighting the company's vast mining concessions. First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,' said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Why First Majestic Silver Corp. (AG) Skyrocketed On Monday
We recently published a list of . In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against other top-performing stocks on Monday. First Majestic Silver grew its share prices by 11.51 percent on Monday to finish at $6.88 apiece as investors turned bullish on the company following its discovery of a new gold-silver deposit that could significantly raise its future production. Last week, First Majestic Silver Corp. (NYSE:AG) announced the discovery of a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico. Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations. An open-pit mine framed by a mountain range, highlighting the company's vast mining concessions. First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,' said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-05-2025
- Business
- Yahoo
Why First Majestic Silver Corp. (AG) Soared On Wednesday
We recently published a list of . In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against other best-performing stocks. First Majestic Silver rallied for a third day on Wednesday, adding 2.59 percent to close at $6.33 apiece as investor sentiment was boosted by its successful discovery of vein-hosted gold and silver mineralization sites at its Santa Elena mining property in Mexico. In a statement on Wednesday, First Majestic Silver Corp. (NYSE:AG) said it discovered a new gold-silver deposit one kilometer away from the Santa Elena mining property in Sonora, Mexico, and also increased production of the Navidad deposit following successful drilling operations. With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district. An open-pit mine framed by a mountain range, highlighting the company's vast mining concessions. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,' said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer. Overall, AG ranks 8th on our list of best-performing stocks. While we acknowledge the potential of AG, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AG and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
