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First Majestic to List on the Mexican Stock Exchange
|By PR Newswire
|August 22, 2014 01:54 PM EDT
NYSE - AG
TSX - FR
Frankfurt - FMV
VANCOUVER, Aug. 22, 2014 /PRNewswire/ - First Majestic Silver Corp. (TSX:FR) (NYSE:AG) (the "Company" or "First Majestic") is pleased to
announce that its common shares have been authorized for listing on the
Mexican Stock Exchange ("BMV"). The Company expects the shares to begin
trading on the BMV on Monday, August 25, 2014 under the trading symbol
"AG". The Company will retain its primary listings on the Toronto Stock
Exchange and the New York Stock Exchange under the trading symbols "FR"
and "AG", respectively.
"As one of Mexico's largest primary silver producers and mining
employers, we look forward to our upcoming listing on the Mexican Stock
Exchange," said Keith Neumeyer, President and CEO of the Company. "The
BMV listing will strengthen our exposure in Mexico, reaching the
largest institutional investors in the country in addition to allowing
retail investors to invest directly with Mexican Pesos rather than
being forced to convert their home currency to US or Canadian dollars.
We look forward to building a long lasting relationship with one of
Latin America's largest stock exchanges."
ABOUT FIRST MAJESTIC
First Majestic is a mining company focused on silver production in
México and is aggressively pursuing the development of its existing
mineral property assets and the pursuit through acquisition of
additional mineral assets which contribute to the Company achieving its
corporate growth objectives.
FIRST MAJESTIC SILVER CORP.
Keith Neumeyer, President & CEO
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release includes certain "Forward-Looking Statements" within
the meaning of the United States Private Securities Litigation Reform
Act of 1995 and applicable Canadian securities laws. When used in this
news release, the words "anticipate", "believe", "estimate", "expect",
"target", "plan", "forecast", "may", "schedule" and similar words or
expressions, identify forward-looking statements or information. These
forward-looking statements or information relate to, among other
things: the price of silver and other metals; the accuracy of mineral
reserve and resource estimates and estimates of future production and
costs of production at our properties; estimated production rates for
silver and other payable metals produced by us, the estimated cost of
development of our development projects; the effects of laws,
regulations and government policies on our operations, including,
without limitation, the laws in Mexico which currently have significant
restrictions related to mining; obtaining or maintaining necessary
permits, licences and approvals from government authorities; and
continued access to necessary infrastructure, including, without
limitation, access to power, land, water and roads to carry on
activities as planned.
These statements reflect the Company's current views with respect to
future events and are necessarily based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance
or achievements that are or may be expressed or implied by such
forward-looking statements or information and the Company has made
assumptions and estimates based on or related to many of these factors.
Such factors include, without limitation: fluctuations in the spot and
forward price of silver, gold, base metals or certain other commodities
(such as natural gas, fuel oil and electricity); fluctuations in the
currency markets (such as the Canadian dollar and Mexican peso versus
the U.S. dollar); changes in national and local government,
legislation, taxation, controls, regulations and political or economic
developments in Canada, Mexico; operating or technical difficulties in
connection with mining or development activities; risks and hazards
associated with the business of mineral exploration, development and
mining (including environmental hazards, industrial accidents, unusual
or unexpected formations, pressures, cave-ins and flooding); risks
relating to the credit worthiness or financial condition of suppliers,
refiners and other parties with whom the Company does business;
inability to obtain adequate insurance to cover risks and hazards; and
the presence of laws and regulations that may impose restrictions on
mining, including those currently enacted in Mexico; employee
relations; relationships with and claims by local communities and
indigenous populations; availability and increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development, including the risks of obtaining necessary
licenses, permits and approvals from government authorities;
diminishing quantities or grades of mineral reserves as properties are
mined; the Company's title to properties; and the factors identified
under the caption "Risk Factors" in the Company's Annual Information
Form, under the caption "Risks Relating to First Majestic's Business".
Investors are cautioned against attributing undue certainty to
forward-looking statements or information. Although the Company has
attempted to identify important factors that could cause actual results
to differ materially, there may be other factors that cause results not
to be anticipated, estimated or intended. The Company does not intend,
and does not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or changes
in circumstances or any other events affecting such statements or
information, other than as required by applicable law.
SOURCE First Majestic Silver Corp.
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