First Majestic Completes And Opens New Mint For Direct Bullion Sales

➡ First Majestic, a silver production company, has finished building a new mint in Nevada. This mint will make many of their products, including some new ones, and will sell over 10% of their silver directly to people. They’re also planning to grow the operation and are working towards a certification that would make their silver eligible for retirement accounts. If you own at least 100 shares in the company, you can save an extra fifty cents per ounce of silver.

The land of Arcadia. Well hello there my friends. Chris Marcus here with you for Arcadia Economics. And today we have a quick video as there was some news out this week from first majestic as they have completed their new mint that is going to be used to create a lot of the first majestic products that are have been previously available for sale. Although they are adding some new products and going to be able to produce a lot more.

And let us dig in here because this is a 100% owned and now operating facility in Nevada and the plan is to be eventually producing over 10% of first majestic silver production so that it will be sold directly to the public. And they also do have the ability to expand that operation which is already underway. As you see here, plans are currently underway to expand the operation by adding additional equipment personnel.

The first run of products are going to be sold as collectibles with first strike products including 1000 1 kg bars, 2500 ten ounce bars and 5005 ounce bars. And if you take a look over here at the first majestic store, you can see that they have medallions, ingots and bars, some medallion sets and also the cubes which I believe are going to be more regularly available. So I’ll have the link to both those in the description field below.

A few other notes here worth mentioning is that they’re actually seeking ISO 9001 certification so that this silver will be eligible for iras. And if you are a shareholder with at least 100 shares, you get an additional fifty cents per ounce savings. So some good news, especially for first majestic shareholders. And again the links to both of these in the description field below this press release. And again also the bullion store.

I know this is something that they’ve been working on for about a year now and that Keith Neumeyer is quite excited about. And I think certainly a lot of silver investors and first majestic shareholders are happy about to see more of the production go directly to market rather than through the traditional channels. So nice step forward by first majestic and congratulations to them on opening the new mint which is now up and operational.

So just wanted to pass that along. Hope you’re having a great day out there and I will see you again soon. .

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