On August 19, First Majestic Silver rose 7.52% in regular trading, trading at $19.77/share, with turnover of $31.44 million.
On the news front, the US 30-year Treasury yield fell rapidly to around 5.2%, while escalating US-Iran geopolitical conflicts intensified safe-haven demand, driving precious metals prices higher and lifting the silver sector broadly. Spot silver had previously broken above the $60/oz level amid ongoing Middle East tensions, providing sustained tailwinds for silver miners.
Within the Silver sector, the overall sector rallied strongly. Among individual stocks, Endeavour Silver up 7.66%, Hecla Mining up 6.21%, Aya Gold & Silver Inc up 6.6%, Silvercorp Metals Inc up 5.03%, Vizsla Silver Corp up 3.95%.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine in Mexico, the Santa Elena mine in Sonora State, and the La Encantada mine in Coahuila State.
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