First Majestic Silver Corp. Aktie News

Silver has surged impressively, defying expectations amidst a buoyant economic landscape and optimistic market sentiments. Its recent rally showcases an upward trajectory, with Silver Futures currently trading at $28.09 per ounce, marking an impressive 17% increase year-to-date from the starting point of $23.95.

The value of silver hit a two-year high this week. Investors no longer expect big rate cuts this year as inflation remains stubbornly high.

First Majestic Silver (NYSE: AG) said 2023 silver production was 10.25 million ounces, 3% less than the year prior.

The iShares Silver Trust NYSEARCA: SLV exchange-traded fund has underperformed the SPDR Gold Shares NYSEARCA: GLD over the past year, but is it time for the situation to reverse?

The Precious Metals R&S Index declined by 3.68% in January. The Precious Metals R&S Equally Weighted Index declined by 4.87%. The best performance was recorded by Orogen Royalties; its share price grew by 6.12%.

(Kitco News) - Keith Neumeyer, president and CEO of First Majestic Silver (TSX:FR) said silver's $23 resistance level has more to do with sentiment than fundamentals.

(Kitco News) - First Majestic Silver (TSX: FR) (NYSE: AG) announced today that in Q3 2023, the company produced 6.3 million silver equivalent ounces, down 28% compared to Q3 2022 (8.8 million silver equivalent ounces) and in line with the previous quarter.

First Majestic Silver saw a significant decline in Q3 production year-over-year, with SEO production down 28% year-over-year. And while it is on track to meet its annual guidance, it's tough to be optimistic about any meaningful free cash flow generation in Q4 with silver stuck under $23.00/oz. In this update, we'll look at the Q3 production results, whether the stock is offering a margin of sa...