TSX posts strong gain, April 11-15
The Bank of Canada announced mid-week that it would keep its overnight interest rate at half a percent, and projected real gross domestic product growth this year would be 1.7%,…
First Majestic Silver Corp
US stocks climb, March 14–18
The U.S. Federal Reserve’s decision to cut interest rate hikes this year due to a weak global environment helped lift U.S. indexes. The central bank held its benchmark interest rate…
SilverCrest Metals aims to repeat success in Mexico
VANCOUVER — The ink has now dried on a $154-million agreement that has seen First Majestic Silver (TSX: FR; NYSE: AG) snap up and merge with SilverCrest Mines and its Santa Elena silver-gold operation in Sonora, Mexico, but president and…
US stocks rise, Nov. 13-19
U.S. equities gained after the Federal Reserve signalled a possible December rate hike at its last policy meeting, suggesting the U.S. economy is getting stronger. The Dow Jones Industrial Average rose 1.6% to finish at 17,448.07, the S&P…
First Mining searches for the ‘sweet spot’
Newly listed First Mining Finance (TSXV: FF; US-OTC: FFMGF) is on a mission to secure quality assets at cheap prices.
TSX moves up, July 27-31
Despite poor economic data and lower oil prices, the S&P/TSX Composite Index rose nearly 2% to finish July at 14,468.44. The S&P/TSX Global Mining Index climbed 1.1% to 53.17, while the S&P/TSX Capped Diversified Metals & Mining…
First Majestic looks to snatch SilverCrest
First Majestic Silver (TSX: FR; NYSE: AG) is buying SilverCrest Mines (TSX: SVL) in a largely all-share, $154-million deal to bulk up its treasury and asset base.
TSX posts solid gains, April 6-10
A slight rally in oil prices and reports of encouraging employment data in Canada helped lift Canada’s benchmark index. The S&P/TSX Composite Index advanced 2.4% to 15,388.43, while the S&P/TSX Capped Diversified Metals &…
First Majestic Silver deepens its Mexican roots
After founding First Quantum Minerals (TSX: FM; LSE: FQM) in 1992 and putting together the early team that was responsible for the company’s first acquisitions in Africa, Keith Neumeyer felt it was time to move on. The year was…
U.S. markets, Aug. 19-23
Poor housing data in the U.S. showed sales of new single-family homes fell in July to a nine-month low, which fuelled debate over the status of the Federal Reserve’s stimulus program. Mounting tension over Syria created more uncertainty….
First Majestic shares pop on second-quarter financials
VANCOUVER — Despite a steep drop in net income over the past three months, silver producer First Majestic Silver (TSX: FR; NYSE: AG) continues to impress investors. The company’s stock jumped 9.3%, or $1.26 per share, following news…
First Majestic’s ‘bittersweet’ second quarter
VANCOUVER — Based on pure production metrics, First Majestic Silver (TSX: FR; NYSE: AG) has a lot to celebrate about its second quarter. But the significant drop in silver prices during the period put a damper on the miner’s…