First Majestic Silver is an international silver mining company founded in Mexico, with operations in the Mexican states of Durango and Zacatecas. The company was established in 1979 as a subsidiary of First Mining Finance Corporation.
First Majestic Silver produces and markets refined silver products to both industrial users and retail investors who are seeking physical delivery of their investment. As one of the few major publicly traded primary silver producers in the world, First Majestic Silver stands out among its peers for its commitment to providing safe, secure storage for customers’ precious metals investments.
The company owns six different mines throughout Mexico including La Encantada, Del Toro, San Martin, La Parilla and Santa Elena which together produce over 17 million ounces annually from both underground production methods as well as open pit extraction techniques. Additionally, it also has two processing plants located nearby these mines that allow them to refine high grade ore into finished metal products such as coins or bars ready for sale onto the market.
In terms of investing options available on first majestic silver stock exchange listed shares can be purchased through online brokers while those looking to make direct investments can purchase either physical bullion or derivative ETFs which hold portions of various companies within this sector – making it easy to diversify any portfolio without having too much exposure on any particular firm’s performance alone.
For those looking to trade futures contracts there are also several platforms offering contracts related directly back to FMSA ( First Majestic Silver ) such as Etrade , Interactive Brokers , TD Ameritrade etc . This type of trading could offer increased leverage against spot prices along with potential tax benefits if held over longer periods . Other than these exchanges , private buying & selling between buyers & sellers can occur via internet sites like eBay where pricing may vary depending on premiums being offered by individual vendors at each given time .
