A Conversation with Keith Neumeyer of First Majestic Silver

48

Keith Neumeyer is CEO of First Majestic Silver and chairman of a new venture called First Mining Finance. He stopped by TFMR today to discuss a number of topics near and dear to the hearts of metals investors everywhere.

Among the topics Keith addresses in this 28-minute podcast:

  • The current state of miners and mining, the cost of production at First Majestic and the steps that miners take to manage and minimize costs during this period of depressed silver prices.
  • The intentions and goals of the new venture he has formed with Eric Sprott, Rick Rule and others. Named First Mining Finance, Keith describes how it works and where folks can find the shares with the U.S. symbol "FFMGF".
  • His attempt in 2014 to organize silver producers to withhold production in order to regain some control of the paper derivative pricing scheme.
  • The letter he sent to the CFTC last month alleging concentrated positions and price manipulation. (https://www.zerohedge.com/news/2015-06-03/one-largest-silver-producers-w...) He also tells us about the response he's gotten from the CFTC on these issues.
  • What changes Keith would make to the current paper derivative system in order to establish a free and fair market for discovering price.

It was a real pleasure and honor to have the opportunity to visit with Keith and we wish him well in all of his endeavors. Please take the time to give this podcast a thorough listen.

TF

p.s. You may notice a few edits in the audio. Just as I was asking Keith about the CFTC and their response to his letter, the Skype audio cut out. Coincidence?

  48 Comments

CPE
Jul 13, 2015 - 12:33pm

Thx

Turd

ArtL
Jul 13, 2015 - 12:36pm

Thurd!

Marchas was fast today!

Maestro
Jul 13, 2015 - 12:37pm

Impossible

only 4th?

Danforth Coxwell
Jul 13, 2015 - 12:38pm

Now to....

listen!!!

Jul 13, 2015 - 12:43pm
Jul 13, 2015 - 12:46pm

Kudos + 'stock tip' from shoeshine boy

Congrats and kudos for landing this interview, TF! Looking forward to listening. The following is a Canadian mining company I HAVE NO DIRECT KNOWLEDGE ABOUT OR EXPERIENCE WITH, and thus is merely a suggestion to carry out your own thorough due diligence, but was mentioned by a respected friend who has actually done well with PM miners in the past. Apparently they have some very promising Au and Au/Ni plays in motion in Quebec. Caveat emptor, this is not advice, merely info for anyone who might have interest in such matters: https://www.balmoralresources.com/s/Home.asp

AJwhiteshirt
Jul 13, 2015 - 12:47pm

CIPS scaled back..

For Turdite info:

From Reuters just today(Monday): Chinese payments system scaled back.

https://www.reuters.com/article/2015/07/13/us-china-yuan-payments-idUSKC...

Joseph Warren
Jul 13, 2015 - 12:50pm

Been Holding Some First Majestic for Quite Awhile . . .

(Ticker symbol: AG). Not a lot of shares - but been watching it.

In miners, management is one of the top things to consider - and Keith Neumeyer is a major reason I own some AG now and hope to own a lot more when things turn around.

Maestro
Jul 13, 2015 - 1:03pm

good interview

Thanks Craig

Jul 13, 2015 - 1:10pm
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