First Majestic Silver No Longer Competing for Orko Silver

Reuters reported that First Majestic Silver has announced that they will not match an rival offer made by Coeur d’Alene Mines for Orko Silver.

As quoted in the market report:

By increasing the offer beyond our previous bid, the economics of the La Preciosa project drop below our minimum requirements for a rate of return and financial payback to our shareholders,” First Majestic Chief executive Keith Neumeyer said.

To view the whole Reuters report, click here. 

Get the Latest Silver Investing Stock Information

Get the latest information about companies associated with Silver Investing delivered directly to your inbox.

Silver $0-15m
Silver $15-50m
Silver $250m+
Silver $50-250m

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Silver-eBook-Cover-smallSilver Investing News Free Exclusive Report: When Will Silver Go Up: Is the Highest Price of Silver Still to Come? Here’s a look at all the major catalysts that are expected to affect the silver price brought to you by Investing News - Bringing you unbiased news, education and helping investors realize their financial goals

Leave a Reply