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Investors: First Majestic Silver Corp. (NYSE/AG) Acquisition is Sign Silver Prices Have Bottomed
Thursday, July 30, 2015 5:04
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The silver mining industry is showing its first signs of consolidation amid falling prices for precious metals. First Majestic Silver Corp. (NYSE/AG) is acquiring SilverCrest Mines Inc (TSE/SVL.TO) for $154 million as margins are squeezed by an exodus of capital from the commodity sector. (Source: MarketWatch, July 27, 2015.)
The grey metal has been in steady decline for years, losing more than two thirds of its value since 2011. Nearly 30% of the loss has come in the last 12 months as investors stayed bullish on stocks even in the face of severe headwinds.
Continue Reading>> Investors: First Majestic Silver Corp. (NYSE/AG) Acquisition is Sign Silver Prices Have Bottomed
