First Majestic Silver Is A Buy Following Second-Quarter Results

August 20, 2015 at 01:08PM

  • First Majestic Silver recently reported its second-quarter financial results and announced it will acquire SilverCrest Mines.
  • The company reported decent results, with $16.4 million in operating cash flow and all-in sustaining costs per ounce of $14.49.
  • The acquisition of SilverCrest Mines will help lower all-in sustaining costs, but also cleans up the balance sheet by adding $51 million in working capital.
  • I think First Majestic is a buy here.

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