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First Majestic Announces Acquisition of Jerritt Canyon Mine in Nevada, USA

Share: VANCOUVER, British Columbia, March 12, 2021 (GLOBE NEWSWIRE) First Majestic Silver Corp. ( First Majestic ) (TSX:FR) (NYSE:AG) (Frankfurt:FMV) and Sprott Mining Inc. ( Sprott Mining ) are pleased to announce that they have entered into a definitive agreement (the Share Purchase Agreement ) whereby First Majestic will acquire all of the issued and outstanding common shares of Jerritt Canyon Canada Ltd. ( Jerritt Canyon ) from Sprott Mining (the Acquisition ) for $470 million in shares of First Majestic plus 5 million First Majestic share purchase warrants. Concurrent with the Acquisition, Eric Sprott, President of Sprott Mining, will complete a $30 million private placement investment in First Majestic.

First Majestic Announces Acquisition of Jerritt Canyon Mine in Nevada, USA

First Majestic Announces Acquisition of Jerritt Canyon Mine in Nevada, USA
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First Majestic Awarded as Socially Responsible Business in Mexico

First Majestic Awarded as Socially Responsible Business in Mexico March 5, 2021. FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the Company or First Majestic ) is pleased to announce that its three operating mines in Mexico, the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and La Encantada Silver Mine have all been awarded with the 2021 Socially Responsible Business Distinction Award (the Award ), also known as the Empresa Socialmente Responsable Award, for best sustainability practices. Presented annually by the Mexican Centre for Philanthropy ( CEMEFI ) and the Alliance for Corporate Social Responsibility ( ALIARSE ), this Award recognizes First Majestic for its corporate ethics and good governance practices and also recognizes the Company for its dedication to the social and

10 Best Precious Metal Stocks To Buy Now

10 Best Precious Metal Stocks To Buy Now In this article we take a look at 10  best precious metals stocks to buy now. You can skip our detailed discussion of the precious metals industry and its growth catalysts and go to 5 Best Precious Metals Stocks to Buy Now. Long-term investors love precious metals stocks. The precious metals group – primarily consisting of gold, silver, platinum, and palladium – has an inherent worth, which makes it a safe-haven asset. Investors flock to gold, a top precious metal, during times of crisis. In August 2020, driven by the coronavirus crisis, gold price surged about 30% and reached the $2000 mark for the first time. However, gold prices are subject to market conditions, interest rates and supply-demand changes. Fitch recently increased its price target for gold to $1600 per ounce from $1,400 per ounce for 2021. However, rising yields and strengthening dollar is causing gold price to recede.

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