0 hedge hates Elon because hes lost money for 10 years trying to short Tesla. Wrong at every corner. And besides Elon has run circles around Richard Branson. Can’t even try to compare the two. Space X is kicking ass and taking names. No brainer

Ya sorry about that…just flying today…here you go.

First Majestic Silver loses $40.5M (U.S.) in 2019

2020-02-19 07:34 ET – News Release

Mr. Keith Neumeyer reports

FIRST MAJESTIC ANNOUNCES FINANCIAL RESULTS FOR Q4 AND YEAR END 2019

First Majestic Silver Corp. has provided its consolidated financial results for its fourth quarter and year ended Dec. 31, 2019. The full version of the financial statements and the management discussion and analysis can be viewed on the company’s website, on SEDAR and EDGAR. All amounts are in U.S. dollars unless stated otherwise.

2019 highlights

• Total production reached 25.6 million silver equivalent ounces, a 15-per-cent increase over 2018, reaching the top end of the company’s 2019 guidance range of 24.4 million to 26.0 million ounces.
• Silver production reached 13.2 million ounces of silver, a 13-per-cent increase over 2018, and in line with the company’s guidance range of 12.8 million to 13.5 million ounces.
• Generated record revenues of $363.9-million, representing a 21-per-cent increase from 2018.
• Generated a record $140.0-million of cash from operating activities.
• Mine operating earnings of $66.2-million compared with negative $11.9-million in 2018 primarily due to higher revenues, metal prices and lower cash costs.
• Operating cash flows before working capital and taxes of $108.9-million or 54 cents per share.
• Adjusted net earnings of $7.3-million, or four cents per share, after excluding non-cash and unusual items.

The last bullet is the one that matters.

Can you please post the link to the earnings report that shows where they are losing money?

I’m seeing a profit, not huge, but also nothing to explain today’s drubbing.

Once again your delivery leaves a lot to be desired.
Silver is actually going up today despite all the stupid option players you constantly remind us about. So is GDX and GDXJ.

Lighten up, you make your bets and I’ll make mine. I’m doing OK

They are losing effing money. What do you mean it doesn’t make sense?

Investors are saying the bankers won’t let the silver price rise enough for them to be profitable so they are selling.

No mystery here.

Cheers

added some @ $9.45, they’re sitting just below their 200 dma @ $9.46

This move is on heavy volume but doesn’t make a lot of sense to me.

We’ll see what happens, there are a lot of winners in the sector today, so just hope it decides to play catch up

I don’t have any right now but think it’s a solid company. Good luck!

Thanks for mentioning First Majestic, I thought their numbers were pretty good too.

AISC’s went down to 2016 levels.

They’re the only drag on my portfolio today, I think I’m going to add some.

there’s 240!

Just skip the first 22 minutes and listen to the rest. All of the “leaders” are exposed to one degree or another, from Clinton to Obama to Biden to Pelosi…. and many others; all complicit in one of the greatest heists in history, and America got nothing raped!!

https://youtu.be/RerQ7uPv9nM

Positive Action in the Gold Complex

http://news.goldseek.com/GoldSeek/1582123688.php

Silly me I thought their quarterly-yearly report was pretty good?

barely up…you’d think that on such a solid day yields would be falling more…similarly why are gold and silver well bid? G&S look strong since they have been going up WITH the $–as I write the cash $ is up .254 at .9969…one other thingy=the VIX and VXX aren’t down much…pretty thin gruel for the benighted  bear case…but it’ll have to do…that’s all I got…anything u’d care to add?

https://futures.tradingcharts.com/marketquotes/ZN.html

[10 yr t-note]

https://futures.tradingcharts.com/marketquotes/DX.html

[$ index]

P.S.=the U.S. stock mkt. seems to have relegated the C-Virus to the dust bin of history and is trying to move on…is the virus story good for ANY more downside for U.S. stocks?…inquiring minds want to know..

https://finance.yahoo.com/quote/SPCE/options?p=SPCE&date=1582848000

Stop and go is OK … as long as there is a GO. Perhaps the end of the day shows us stronger.

Cheers

I dunno. I’m feeling like there’s a comeback in the shares on the way.

HUI inching toward 240?

Newmont (NYSE: NEM, TSX: NGT), the world’s largest gold miner, announced on Wednesday that its Boddington operation, in Australia, is to become the world’s first open-pit gold mine with an autonomous haul truck fleet once it begins operations in 2021.

The move, said the company, which will enhance safety and productivity and is also expected to extend the mine’s life by at least two years.

“Our investment in autonomous haul trucks will generate an internal rate of return greater than 35% with a more controlled and efficient haulage operation,” said president and chief executive Tom Palmer.

Total net investment in Boddington’s driverless Caterpillar fleet will be $150 million. Newmont said it was already executing a plan aimed at providing opportunities for reskilling and redeployment of haul truck drivers to other roles supporting the Autonomous Haulage System (AHS).

Newmont’s Boddington to become world’s first autonomous gold mine

Blago: I’m a ‘Trumpocrat’ Now

If Duterte Wants Us Out, Let’s Go

https://www.zerohedge.com/geopolitical/if-duterte-wants-us-out-lets-go

Looking pretty good.

https://finance.yahoo.com/news/first-majestic-announces-financial-results-120010152.html

I hear you. I guess after 7-8 years of this, I’m overly happy when my account of shares is up almost 10% like it was yesterday.

There’s still a lot juniors that are still pretty darn cheap relative to the metals, so I guess if we see those really spike maybe we’re going to rally for awhile?

I’ve sort of given up on the notion of $70 days, much less $700 as long as we have the Crimex.

Bitcon? Who can even afford it anymore?

Yawn…wake me up when gold is up $70 or $700 like that piece of crap bitcon…not $7.

Until then nothing has changed.

The addicted gamblers were in buying calls on their favorite ETFs yesterday like there would be no tomorrow.

And here we are today, where the machines will punish them yet again.

Gamblers like to lose…and the bankers know that…and use that against these morons.

Cheers

Follow thru after  a whopper of a day like yesterday would be sort of unprecedented.

I suppose it will depend on what the stock market does?

Its a “Perfect Day”…….  “Such Fun”   ………  Lou Reed’s words ………..  you know what comes next …….

I have one palladium ounce left ……..  that I will never sell as it was made into a tie clasp !

Morning friends !!

Winedoc