Who bought Jerritt Canyon?
First Majestic Silver Corp. has officially become the new owner of the Jerritt Canyon Mine 50 miles north of Elko with the Friday closure of the company’s acquisition of Jerritt Canyon Canada Ltd. from Sprott Mining Inc.
Who is Keith Neumeyer?
Neumeyer was the original and founding President of First Quantum Minerals Ltd. (T-FM). Mr. Neumeyer founded First Majestic Silver in 2002 and First Mining Gold in 2015.
Is First Majestic Silver legit?
First Majestic is a publicly traded mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.
Does First Majestic Silver pay a dividend?
(AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce that the Company’s Board of Directors has adopted a dividend policy for the Company under which the Company intends to pay quarterly dividends of 1% of the Company’s net revenues commencing after the completion of the first quarter of 2021.
What is the best silver company?
| Best Value Silver Stocks | ||
|---|---|---|
| Price ($) | 12-Month Trailing P/E Ratio | |
| Fortuna Silver Mines Inc. (FSM) | 3.74 | 11.7 |
| Silvercorp Metals Inc. (SVM) | 3.63 | 17.3 |
| Pan American Silver Corp. (PAAS) | 23.46 | 19.6 |
What is Jerritt Canyon?
The mineral processing operation at Jerritt Canyon is one of only three processing plants in Nevada that uses roasting in its treatment of refractory ores. Initially, Jerritt Canyon was designed to process oxide and mildly refractory gold ores.
Does First Majestic own Jerritt Canyon?
– There’s no substitute for silver First Majestic acquired the Jerritt Canyon Gold Mine from Sprott Mining Inc. on April 30, 2021. The Jerritt Canyon property contains 30,821 hectares of mining claims located in the mining friendly state of Nevada.
When was the Jerritt Canyon deposit discovered?
The Jerritt Canyon deposit was discovered in 1972 and first gold production from the property occurred in 1981.
How does the ore roasting work at Jerritt Canyon?
The ore roasting circuit at Jerritt Canyon consists of two Dorr-Oliver two-stage fluid-bed roasters, each rated at 2,000 stpd. Ore is withdrawn from the feed bin by a variable speed screw feeder and lifted with a bucket elevator to the roaster feed system and dropped into the roaster.
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