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
Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

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Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

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