Silver Is in a New Price Regime, and the Market Isn’t Used to It | Keith Neumeyer – First Majestic

FULL DISCLOSURE: First Majestic Silver is a sponsor of theDeepDive.ca.

In this conversation with Keith Neumeyer, CEO of First Majestic Silver Corp. (NYSE: AG) (TSX: AG), we discuss silver’s violent move above $100, why the pullback does not change the bigger setup, and what Keith believes is really driving the market higher. He explains why industrial demand and short covering helped fuel the last leg up, why he thinks this is still only the beginning, and why investors need to get used to a completely different silver and gold price environment.

We also get into the planned restart of Jerritt Canyon, what went wrong the first time, how the asset looks very different at today’s gold price, and what production could eventually look like once it is back online. On top of that, Keith walks through First Majestic’s strong quarter, why the company moved away from silver equivalent reporting, how higher prices are changing mine planning, and what it will take to push the business toward 50 million silver equivalent ounces over time.

FULL DISCLOSURE: First Majestic Silver Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Majestic Silver Corp. The author has been compensated to cover First Majestic Silver Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.