Keith Neumeyer, CEO of First Majestic Silver Corp., Exclusive Radio Interview With BullRun of SilverDoctors.com
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When asked on his views of the future of the metal….
I am comfortable with investing part of our revenue or part of our earnings into the metal.
We did invest $10 million in the PSLV which is Sprott’s ETF. We are the only mining company that actually invested in that fund. Quite surprisingly to me, I communicated with I think 5 other silver mining companies’ CEOs over a period of week prior to that offering by Sprott. I told them that First Majestic would participate in the offering and I asked them to participate as well. Not one of them did to my surprise. We are happy to do it, but it was a bit surprising that other miners did not participate.
First Majestic Silver Corp. is the first silver miner to be featured on SilverDoctors.com and has given us 7- 1/2 oz promotional rounds to be given out to SD Readers. Silver rounds will be awarded as part of daily contests from 4/15-4/21.
FULL INTERVIEW BELOW NOW AVAILABLE:
Interview was conducted on 2/15/2012
About First Majestic and their Silver Store
First Majestic Silver Corp. is a producing silver company aggressively pursuing its business plan of
becoming a senior silver producer through the development of its existing assets and a purposeful
acquisition plan. First Majestic currently owns three producing silver mines in Mexico: La Encantada, La
Parrilla and San Martin. The Company has one additional mine under construction, the Del Toro Silver
Mine, which is set to become First Majestic’s fourth producing mine. As well, the Company acquired the
La Luz Silver Project, an old mining district, in late 2009, and is currently in the process of exploration
and permitting.
In 2008, First Majestic began minting its silver bullion for shareholders requesting physical silver.
Since then, demand has soared to unexpected heights with the growing interest in silver bullion,
subsequently, growing First Majestic’s online bullion sales into a dynamic component of the Company.
The technologically innovative approach employed by First Majestic further establishes the company as
a leader in the field, and offers incredible value to investors and shareholders alike. First Majestic is the
first and only mining company to offer its own high quality silver coins, ingots and bars for sale directly
to investors, presenting an unparalleled opportunity for individuals to invest in this valuable commodity
at reasonable prices and with relative ease. With one of the lowest premiums over spot price that you
will find online, investors are often thrilled to discover that they get proof like coins at bullion pricing
with First Majestic. The distinctive designs featured on our First Majestic’s coins, ingots and bars are a
testament to the custom quality craftsmanship that goes into creating each silver product.
To view First Majestic’s extensive selection of quality silver bullion products, visit their Online Bullion
Store at http://www.store.firstmajestic.com/.
Special Offer To SilverDoctors.com Readers
On April 15th to April 21st, First Majestic is offering SilverDoctors.com readers a discount of -$0.25 per
ounce on all silver products! (Limit of 300 ounces per person.)
To purchase your First Majestic silver bullion today and receive this incredible savings, visit our e-
store located at http://www.store.firstmajestic.com. Simply enter promo code ‘SilverDoctors’ on the
shipping/payment section when placing your order, enter the ‘Submit’ tab and the discount will be
taken off your total purchase price.
*Please Note. The Doc is pleased to offer this deal to SD readers in order for you to add to your phyzz collection at a discounted rate. We are not receiving any compensation besides the promotional rounds which are being passed out to SilverDoctors.com readers. Disclosures- Bullrun has owned First Majestic Silver Corp. stock for well over 2 years and does not plan on selling anytime soon.
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Hey DOC,
2 OZ. My fault. It is viewable now.
Got to love a CEO who puts his money & convictions where his mouth is
Far to many mining CEO’s blow smoke & piss on us & try to tell us it’s raining
The actions of silver miners keeping their product out of the general marketplace is a great way to protect their assets and hit the paper traders. I had worried that miners in Mexico could see expropriation of their investments until Obama signed the executive order NDRP which allows the US Gov to take any asseet for any reason. Keith is wise to have his mines in other countries. The US is far more likely to seize assets in this present time, I fear.
I think the price of silver will be range bound for a while because of the problems that are running hard in Spain. So I would guess $30.50 an ounce by end of April. Time to stack more phyzz at these prices. Thanks Doc, Tyler and Keith for being great leaders in this war.
Great interview Bull! Gotta love a mining company listening to Mr. Sprott…one of the few unfortunately. If only we could convince THEM ALL!!
Great listening, really enjoyed it.
This was a great interview. Pricing for silver below 31 dollars per oz seems to be a great price to buy right now. The line in the sand seems to 30 per oz. This is a good time to accumulate. And wait. Silver is going to stay range bound for the rest of the year and any bump ups will be met with the cruel hand of the market managers who wish to keep silver below 35 per oz. Only a black swan event will change these fundamental reality’s of the market.
No doubt about it. Operations outside the country will more than likely keep Uncle Sam away from their physical yeild should “an emergency” come about.
However, I am surprised that the shareholders of this company wouldn’t want “physical” divedends. They have to use dollar divedends to aquire physical.
Well, they are probably getting a good deal buying from the company they invest in.
I think FMC will do well in the future as a result of investing 10 million in PSLV..
Keep Stacking Folks!
I’m sure I would like those coins. Send me a couple for quality control..
This could become interesting if more mining companies make a stand to buy physical bullion or slow production by 10%.
They wouldn’t have to slow production if the darn paper market folded. Yea it’s time to buy, buy,buy.
IF
the miners
REALLY REALLY
wanted to MAKE their shareholders
MONEY
they would do what Sprott has suggested they do ( bank their own silver & gold )
since they dont
i can only believe they are nothing less than tools
for the banksters
& enjoy digging holes with liars at the bottom
They already have big exposure to the metal prices with their reserves hard to bet more.
Right now spot is $31.37 so assuming you’re wiring the money to First Majestic, and based on their $34.50/oz price today less the $0.25 discount plus their $191 shipping to my address, I can get 300 American Siver Eagles from Doc delivered for $129 less than their rounds. It’d be great if someone else could check my math, but if I’m correct, who among you wouldn’t rather have the ASE’s?
Deff a good interview!! They are going out on a limb and pioneering this move with Sprott… I think it will work well for them in addition to there reserve holdings… They will be a model for others to follow wishing that they “shoulda, coulda, woulda” had done what was proposed to them.. Interesting things unfolding at the circle… LoL
Be way cool if he was right!