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Stock Market & Financial Investment News

News Breaks
January 25, 2013
07:33 EDTAGFirst Majestic commences production at the Del Toro Silver Mine
First Majestic Silver announced that the Del Toro Silver Mine, located in the state of Zacatecas, Mexico, has achieved initial silver production. The Del Toro Silver Mine was inaugurated in a special ceremony on January 23 which declared the new plant as officially open. Approximately 250 people attended the event including several Mexican Federal, State and Municipal authorities. The State Government was represented by Governor Lic. Miguel Alonso Reyes, the Governor of Zacatecas.
News For AG From The Last 14 Days
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April 24, 2014
09:00 EDTAGFirst Majestic falls 4.1%
First Majestic is down 4.1%, or 39c, to $9.18
April 15, 2014
12:01 EDTAGFirst Majestic announces $30M forward sale contract on lead production
First Majestic (AG) announced that it has entered into a $30M forward sale contract with Bank of America (BAC) Merrill Lynch on a portion of the company's future lead production. The company executed this forward sale contract for 15,911.3 metric tonnes of lead at a fixed price of $0.945 per pound for total proceeds of $30M. The contract term is valid from April to September 2017, with a six-month repayment holiday from April to September. The forward sale contract is financially settled from the sale of lead from any of First Majestic's operations and represents approximately 35% of the company's total estimated future lead production over this period. The purpose of this prepayment contract is to fund the Company's continuing expansion plans and for general working capital.

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