The property is located in Durango, Mexico and includes a 2,500 tpd cyanidation mill and a 71,867 hectares land package. San Dimas is the company's cornerstone property, acquired in May 2018.In January 2018 First Majestic acquired Primero Mining and the San Dimas silver-gold mine in Durango, Mexico. However, non-Mexican assets (including Pitt Gold) were spun off into a new company called Bionor Resources Inc, which is now Magna Terra Minerals. Initially the deal was thought to have included both Mexico's Real de Catorce mine and Quebec's Pitt Gold Property. In 2009 First Majestic added a fourth silver project when it acquired Normabec Mining Resources Ltd (completed in September). About a year and a half later it joined the New York Stock Exchange (Dec.23, 2010). On March 5, 2009, it graduated to the Toronto Stock Exchange with an initial offering of Cdn$25 million. Īccording to the stock chart on its website and the company's profile on the Venture Exchange website, it is listed since 2002 but the oldest part of the company goes back as far as 1984 (Brandy Resources Inc). At the time La Encantada produced 800,000 ounces per year operating at 40% of capacity the mine was First Majestic's third. In September 2006 it took control of Desmin, the owner/operator of La Encantada (Coahuila, Mexico) in a US$4.75 million deal (ownership of the mine was purchased through Desmin from Industrias Penoles for US$3.25 million). In June 2006 First Majestic acquired First Silver Reserve Inc (initially just a controlling stake and within three months it purchased all remaining interest), owner of the San Martin silver property in central Mexico. History įirst Majestic was founded in 2002 by president and CEO Keith Neumeyer. According to the company, 2019 production from its seven mines is anticipated to be between 24.7 and 27.5 million ounces (700,000 and 779,600 kg) of silver equivalents, including 14.2 to 15.8 million ounces (447,922 kg) of pure silver. Total production in 2018 reached 22.2 million ounces (629,000 kg) of silver equivalents, including 11.7 million ounces of pure silver. ![]() First Majestic also produces and sells its own bullion rounds and bars (others produce and market bullion through private mints). It has four producing mines under its control: San Dimas Silver/Gold Mine, Santa Elena Silver/Gold Mine, La Encantada Silver Mine, and Jerritt Canyon Gold Mine. is a Canadian silver-mining company that operates in Mexico and the United States.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |