15 Stocks That Stole The Show Last Week

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

First Majestic Silver jumped by 34 percent week-on-week as investor sentiment was boosted by the recent all-time high of silver prices, supported by its discovery of new gold-silver deposit at its Santa Elena mining in Mexico.

Last week, silver futures rose as high as $36.27 per troy ounce, notching its highest price so far since 2012 as investors sought refuge from precious metals amid the ongoing trade tensions globally.

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.