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First Majestic Silver Finally Stops Digging An Expensive Hole


  • Mining at Jerritt Canyon has been suspended. At long last.
  • First Majestic Silver has not generated free cash flow in 2022. Far from it.
  • The threat of throwing good money after bad lingers.
  • We consider AG stock a SELL unless it finds a greater fool and offloads the Jerritt Canyon mine.
  • Looking for a helping hand in the market? Members of Itinerant Musings get exclusive ideas and guidance to navigate any climate. Learn More »
Savings Plan

msderrick/E+ via Getty Images

There was a time when First Majestic Silver's (NYSE:AG) marketing revolved around painting the company as one of the last listed silver pure-plays, based on the company's portfolio consisting of a handful of small-to-mid-sized primary silver mines. Unfortunately, most of these silver

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This article was written by

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Access to award winning research on resource and energy stocks.
Engineer by trade and passion. Have worked internationally for over three decades, running my own business. I hold a PhD in engineering, but honestly believe that the school of hard knocks has taught me lessons that are more applicable to my writing here on Seeking Alpha. My investing interests mostly concern the resource sector, with a focus on precious metals, base metals and energy stocks of all sizes. My research explicitly includes small- and micro-cap juniors, and I try to manage the associated risks in a methodical manner.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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