First Majestic Silver Corp

First Majestic's Del Toro project in Zacatecas, Mexico. Source: First Majestic Silver

First Majestic’s ‘bittersweet’ second quarter

VANCOUVER — Based on pure production metrics, First Majestic Silver (TSX: FR; NYSE: AG) has a lot to celebrate about its second quarter. But the significant drop in silver prices during the period put a damper on the miner’s…

The processing plant at First Majestic Silver's Del Toro silver mine in Mexico. Source: First Majestic Silver

First Majestic to join top-tier silver miners

First Majestic Silver (FR-T, AG-N) is eyeing senior producer status as it expands Del Toro — its fifth silver mine in Mexico — and improves operations at its four other mines in the country to drive its annual silver production…

A driller loads a rod at Orko Silver's La Preciosa silver-gold project in Durango state, Mexico. Photo by Ben Whiting.

Coeur outbids First Majestic for Orko

Coeur d’Alene Mines (CDM-T, CDE-N) has trumped First Majestic Silver (FR-T, AG-N) in a contest to acquire Orko Silver (OK-V) for its coveted La Preciosa project, ranked as one of the world’s largest undeveloped silver deposits.

Market news: TSX Venture Exchange

The S&P/TSX Venture Composite Index lost 1.7%, or 20.16 points, en route to a 1,185.65-point close. Canadian stocks were weighed down by falling commodity prices, and further economic uncertainty in Europe.


In the article “First Majestic buying Orko Silver for La Preciosa” (TNM, Dec. 26/12), there was an error in the silver grade for the La Preciosa resource estimate. It was quoted as 1.04 grams silver per tonne but should have read…

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