First Majestic Silver Corp.
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SYMBOL: V.FR Website: www.firstmajestic.com Corporate Contact Information Phone: (604) 688-3033 Toll Free: (866) 529-2807 Email: info@firstmajestic.com |
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Company News (Apr 29, 2008) 1st Quarter Production Results ...Read More
Overview
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People
Keith Neumeyer,
President, CEO & Director
Prior to taking the helm at First Majestic, Keith Neumeyer was the founding President of First Quantum Minerals (T-FM), one of many senior management positions he has held in the investment community over the last 20 years.
Neumeyer is a company builder, having raised over $200 million and achieved listings for two companies on the Toronto Stock Exchange. As a business executive and as a director, he has extensive experience in finance, business development, regulatory matters, accounting, strategic planning and corporate restructuring.
Ramon Davila, ING,
Chief Operating Officer and Director
Ramon Davila, a Mexican citizen residing in Durango, has an Engineering degree in Mining and Metallurgy and a Masters degree in Minerals Economics. From 1978 to 1987, he worked for Industrias Penoles, the largest silver producer in Mexico and then became the VP of Mining Operations for Luismin until 1993. Since 1998, Davila has been President of Plata Panamericana SA de CV, a wholly owned subsidiary of Pan American Silver Corporation, where he was in charge of all aspects of production, exploration and administration of Pan American's Mexican operations.
Ramon Davila was also the National President for the Association of Mining Metallurgist and Geologists in Mexico from 1996 to 1998 and is currently a member of the board of Directors of the Chamber of Mines in Mexico. He is also a member of the Society of Mining Metallurgical and Exploration Engineers.
Robert McCallum, B.Sc.,
Chairman
Mr. McCallum was the president of Kensington Resources Ltd. which recently merged with Shore Gold Inc. (SGF:TSX). During Mr. McCallum's tenure, he successfully took Kensington from a junior exploration company to an advanced stage development company, increasing the company's profile, raising over $30 million and eventually orchestrating a merger with Shore Gold which today has a market capitalization in excess of $1 billion.
Mr. McCallum graduated in 1959 from the University of Witwatersrand, South Africa, with a Bachelor of Science (Mining) followed in 1971 by a PMD. in the Executive Management Program at Harvard Graduate School of Business, Boston, Massachusetts. Mr. McCallum has a wealth of experience in mining having worked with Miramar Mining Corporation, Homestake Mining Corporation, International Corona Corp., Cyprus Anvil Mining Corp. and Anglo American Corp. Ltd.
Property
LA PARRILLA SILVER MINE IN DURANGO, MEXICO
- Brought into production in July 2004.
- 53,000 hectares, 100% owned.
- 43-101 Compliant Resources 20 million ounces.
- Average grades of over 300 gpt.
- 800 tpd mill constructed and completed December ‘06.
- Production for 2007 slated at 1.8 million ounces of Silver.
- Target to reach close to 100,000,000 of silver by the end of 2007.
SAN MARTIN SILVER MINE, JALISCO STATE, MESICA
- Land package of 7840 hectares, with 1482 hectares of surface rights.
- 800 tpd cyanide mill on site.
- Estimated production for 2007 - 2 million ounces of Silver.
- 43-101 Compliant Resources, 48 million ounces with further development underway to increase this number.
LA ENCANTADA SILVER MINE, COAHUILA, MEXICA
- Agreement signed to purchase mine, mill and surrounding ground from Penoles.
- 700 hectare land package, with mine and mill equipment.
- Annual production in ’06 of 800,000 ounces Silver.
- Production increases anticipated to reach 1,200,000 ounces for 2007.
- Anticipating to upgrade historic resources to 43-101 compliance by mid 2007.
Politics
All operations are located in Mexico, which is a very gracious environment for foreign mining companies. Recent legislation states that foreign companies may now own 100% of Mexican mining assets. First Majestic has received nothing less than exemplary treatment from the Mexican government and has no concerns of any future discord.
Paper
First Majestic Resource Corp. trades on the Toronto Venture Exchange under the symbol FR (V.FR)... also on the Frankfurt Stock Exchange under symbol FMV; wkn A0LHKJ, and on the US Pink Sheets under the symbol FRMSF.
The company has a total of 51,698,630 shares outstanding, 63,789,177 fully diluted.
The subject company prepared this corporate profile and paid KitcoCasey, Inc., to include it on this web site. KitcoCasey, Inc. has not verified any of the information contained in this corporate review and the inclusion of this corporate review on the KitcoCasey.com web site does not represent an endorsement by KitcoCasey, Inc. of the subject company.
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