On September 2, First Majestic Silver rose 5.69% in regular trading, trading at $20.82/share, with turnover of $19.83 million. The rally was driven by a broad surge in international precious metals prices that lifted the entire silver mining sector.
On the news front, spot gold climbed over 3% intraday, reaching as high as $4,371.96/oz, marking a two-month high. Spot silver simultaneously surged over 5%, breaking through the $65/oz level. The precious metals sector strengthened broadly, with silver stocks posting widespread gains. Within the sector, Aya Gold & Silver Inc rose 7.16%, Endeavour Silver gained 6.54%, Silvercorp Metals added 5.98%, Vizsla Silver Corp climbed 4.93%, and Hecla Mining advanced 4.86%.
First Majestic Silver Corp. engages in the production, development, exploration, and acquisition of mineral properties, focusing on silver and gold production in North America.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)