First Majestic Silver: Still A Money Loser

Summary

  • First Majestic Silver Corp. saw a sequential increase in Q2 production, with improvements anticipated in the second half of the year.
  • Strong metal prices are benefiting the company, but revenue declined due to lower sales and production issues.
  • Despite ongoing losses, First Majestic has a respectable cash balance.
  • Really tough to justify buying when a company is losing money at these prices.
  • Looking for a helping hand in the market? Members of BAD BEAT Investing get exclusive ideas and guidance to navigate any climate. Learn More »

Close up silver cubes with sayings on them

Adam Gault

First Majestic Silver Corp. (NYSE:AG) is a silver mining company that we have traded several times in the past. In our last two pieces covering First Majestic we first recommended a tactical short for

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