First Majestic Silver Corp. Buyback
OLI recorded this information on 3/18/2020
Company:
First Majestic Silver Corp.
Buyback:
AG buyback
Share Amount Authorized:
10,000,000
Buyback Details:
First Majestic Silver Corp. ("First Majestic" or the "Company") announces that its board of directors has approved the extension of its share repurchase program (the "Share Repurchase") pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange ("TSX") or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 10,000,000 common shares of the Company which represents 4.77% of the 209,822,976 issued and outstanding shares of the Company as of March 13, 2020.
First Majestic Silver is engaged in the business of the production, development, exploration and acquisition of mineral properties with a focus on silver and gold production in Mexico. Co. owns and operates three producing mines in Mexico including the San Dimas Silver/Gold Mine in Durango State; the Santa Elena Silver/Gold Mine in Sonora State; and the La Encantada Silver Mine in Coahuila State. Co. also owns several non-material mines which are under care and maintenance including the San Martín Silver Mine in Jalisco State; the La Parrilla Silver Mine in Durango State; the Del Toro Silver Mine in Zacatecas State; and the La Guitarra Silver Mine in Mexico State.
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Avg. Broker Rec.
  
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Hold (2.33 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: AG Stock Forecast Based on Zacks ABR data; powered by Xignite |
