Investing News Network

Markets
TSX18834.16-194.70
TSXV615.94-7.29
DOW30967.82-129.44
S&P 5003831.39+6.06
NASD11322.24+194.39
ASX6629.30+16.70
Commodities
Gold1771.06+2.19
Silver19.220.00
Copper3.39-0.02
Palladium1931.50+3.50
Platinum863.50-1.50
Oil99.63+0.13
Heating Oil3.58-0.02
Natural Gas5.58+0.05
Currencies
BTCUSD19867.17-406.43
USDCAD1.3043+0.0009
USDEUR0.9743-0.0007
USDGBP0.8359-0.0011
USDAUD1.4694-0.0027
USDJPY135.16-0.37

First Majestic Intersects 8.39 g/t Au over 29.7m near Active Underground Mining at Jerritt Canyon

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to announce positive drill results from its ongoing exploration program at the Jerritt Canyon Gold Mine ("Jerritt Canyon") located in Elko County, Nevada. Since acquiring the mine on April 30, 2021, the Company has completed over 70,000 metres in exploration drill holes consisting of step-out and greenfield targets designed to increase the confidence of the mineral resource and add new ounces. In 2022, the Company plans to drill approximately 135,000 metres at Jerritt Canyon with a focus primarily on the SmithSSX mines, and the Winters Creek, Waterpipe, Wheeler, and Murray areas.

The Company is also pleased to announce that the United States Forest Service ("USFS") has approved an exploration permit to conduct activities across 42,976 acres (17,976 hectares) of USFS land at Jerritt Canyon. This permit allows for up to 500 acres of newly constructed exploration roads and up to 1,100 new drill pads. The Company is now prioritizing exploration drill targets and is expected to commence drilling on July 1, 2022.

Keep reading... Show less

First Majestic Announces Voting Results from Annual General & Special Meeting

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) ("First Majestic" or the "Company") is pleased to announce the voting results for its annual general and special meeting held on May 26, 2022.

A total of 125,762,791 shares were represented at the meeting, being 48.09% of the Company's issued and outstanding common shares. Shareholders approved all matters brought before the meeting as follows:

Keep reading... Show less

First Majestic Announces Proposed Sale of the La Guitarra Silver Mine

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to announce that it has entered into a definitive agreement dated May 24, 2022 to sell its 100% owned past producing La Guitarra Silver Mine located in the Temascaltepec mining district, Mexico State to Sierra Madre Gold & Silver Ltd. ("Sierra Madre") (SM: TSX.V) for total consideration of US$35 million (the "Transaction"). It is a condition to closing of the Transaction that Sierra Madre raise a minimum of CDN$10 million in a private placement concurrent with or prior to closing of the Transaction.

Total consideration consists of 69,063,076 Sierra Madre shares at a deemed price of $0.65 per Sierra Madre Share, having an aggregate value of US$35 million. Upon closing, First Majestic will also be granted a 2% net smelter return royalty ("NSR") on all mineral production from the La Guitarra concessions, with the NSR subject to a 1% buy-back option for US$2 million. The equity component of the consideration will be paid upon closing of the Transaction.

Keep reading... Show less
×