10 Stocks With Surprising Gains

3. First Majestic Silver Corp. (NYSE:AG)

First Majestic Silver extended its winning streak to a fifth straight day on Thursday, jumping 15.52 percent to close at $8.41 apiece as snapped up shares in the company following the surge in silver prices.

Silver futures rose to as high as $36.27 per troy ounce at intra-day trading on Thursday, its highest since 2012, before closing lower to $35.81 per troy ounce. Silver prices grew alongside gold, as investors’ funds flocked to safer assets anew to mitigate the risks from the ongoing trade tensions between the US and China.

In recent news, First Majestic Silver Corp. (NYSE:AG) discovered a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico.

Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations.

First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano.

“The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,” said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer.