Description

First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates seven producing silver mines; the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, the La Parrilla Silver Mine, the San Martin Silver Mine, the Del Toro Silver Mine and the La Guitarra Silver Mine. Silver production from these seven mines is projected to be between 12.0 to 13.2 million ounces, or 20.5 to 22.6 million silver equivalent ounces in 2018.

The Silver Institute states the following regarding silver use in industry:

From electrical switches and solar panels to chemical-producing catalysts, silver is an essential component in many industries. Its unique properties make it nearly impossible to substitute and its uses span a wide range of applications.

Almost every computer, mobile phone, automobile, and appliance contains silver. It is the perfect substance for coating electrical contacts – like those in printed circuit boards – because of its high electrical conductivity and durability. Painting silver ink on any non-metal surface provides an electrical pathway, eliminating the need for wires. For example, Radio Frequency Identification Device (RFID) chips are replacing bar codes on many items in supermarkets and supply chain inventories. The chips’ paper-thin antennas consist of sprayed-on silver.

HERE’S WHAT THE EXPERTS ARE SAYING

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