Latest news with #FirstMajesticSilverCorp
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
Yahoo
08-05-2025
- Business
- Yahoo
First Majestic: Q1 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — First Majestic Silver Corp. (AG) on Wednesday reported first-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier. The Vancouver, British Columbia-based company said it had net income of 1 cent per share. Earnings, adjusted for non-recurring costs, were 5 cents per share. The silver miner posted revenue of $243.9 million in the period. First Majestic shares have climbed 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.24, a decrease of 14% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AG at
Yahoo
23-04-2025
- Business
- Yahoo
Why First Majestic Silver Corp. (AG) Crashed on Tuesday
We recently published an article titled . In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against the other stocks. Wall Street's main indices bounced back from a bloodbath on Tuesday as investors gobbled up shares on hopes that the US-China trade tensions can subside. The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent. Despite a broader market optimism, 10 companies, predominantly gold miners, were heavily sold down amid lower gold prices. To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume. An open-pit mine framed by a mountain range, highlighting the company's vast mining concessions. First Majestic Silver Corp. (NYSE:AG) declined for a third straight day on Tuesday, shedding 5.73 percent to end at $6.09 apiece as investor sentiment was dampened by a sell-off in gold prices. As of this writing, spot prices of gold were at $3,340.94 per ounce, marking a drop from the $3,500 territory in the previous trading session. In the first quarter of the year, First Majestic Silver Corp. (NYSE:AG) said that it achieved an 88-percent increase in silver ounces at 3.7 million silver ounces from 2 million silver ounces in the same period a year earlier. Total silver production in the quarter included 1.4 million ounces of attributable silver production from Cerro Los Gatos as well as a 17-percent increase at San Dimas primarily due to operational improvements. Overall AG ranks 3rd on our list of Tuesday's worst-performing stocks. While we acknowledge the potential of AG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at .
