Douglas Penrose - First Majestic Independent Chairman of the Board

FR Stock  CAD 9.00  0.28  3.02%   

Chairman

Mr. Douglas Penrose, B. Comm., CPA, CA, serves as Independent Chairman of the Board of First Majestic Silver Corporationration, since January 1, 2012. Mr. Penrose received his Bachelor of Commerce degree from the University of Toronto. He was a member of the Institute of Chartered Accountants of Ontario from 1974 to 2008 and the Institute of Chartered Accountants of British Columbia since 1978. Mr. Penrose brings over 20 years of experience in leadership positions in accounting and corporate finance. Mr. Penrose was formerly the Vice President of Finance and Corporationrationrate Services for the British Columbia Lottery Corporationrationration. since 2012.
Age 69
Tenure 12 years
Address 925 West Georgia Street, Vancouver, BC, Canada, V6C 3L2
Phone604 688 3033
Webhttps://www.firstmajestic.com

First Majestic Management Efficiency

The company has return on total asset (ROA) of (0.0424) % which means that it has lost $0.0424 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0976) %, meaning that it generated substantial loss on money invested by shareholders. First Majestic's management efficiency ratios could be used to measure how well First Majestic manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of April 2024, Return On Tangible Assets is likely to drop to -0.07. In addition to that, Return On Capital Employed is likely to grow to -0.09. At this time, First Majestic's Tangible Asset Value is very stable compared to the past year.
The company has accumulated 426 K in total debt with debt to equity ratio (D/E) of 25.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. First Majestic Silver has a current ratio of 3.07, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist First Majestic until it has trouble settling it off, either with new capital or with free cash flow. So, First Majestic's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Majestic Silver sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Majestic's use of debt, we should always consider it together with cash and equity.

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CHAIRMAN Age

Gordon PridhamAmericas Silver Corp
60
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada. FIRST MAJESTIC operates under Silver classification in Canada and is traded on Toronto Stock Exchange. It employs 5131 people. First Majestic Silver (FR) is traded on Toronto Exchange in Canada and employs 29 people. First Majestic is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

First Majestic Silver Leadership Team

Elected by the shareholders, the First Majestic's board of directors comprises two types of representatives: First Majestic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Majestic's management team and ensure that shareholders' interests are well served. First Majestic's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Majestic's outside directors are responsible for providing unbiased perspectives on the board's policies.
Martin Palacios, CIO
David Shaw, Independent Director
Karen CMA, Vice Treasury
Marjorie Co, Director
Connie Lillico, Corporate Secretary
Sophie Hsia, General Counsel
Mani Alkhafaji, VP Relations
Dustin Doorselaere, COO
Ramon Davila, COO, Director
Arturo Diaz, VP Admin
PEng Eng, VP Services
Connie BA, Corporate Secretary
Jose Figueroa, Vice President - Information Technology
Raymond Polman, CFO
David Smith, Vice Resources
LLB LLB, General Secretary
BCL LLB, G Counsel
Todd MBA, Vice Development
Gonzalo Mercado, Vice Services
Tony Pezzotti, Independent Director
Robert McCallum, Independent Director
Antonio Pezzotti, Independent Director
Colin Bower, Vice OperationsMexico
Keith Neumeyer, CEO and President and Director
Steven Holmes, Chief Officer
Douglas Penrose, Independent Chairman of the Board
Jill Arias, Vice Marketing
MBA MBA, VP Devel
Salvador Garcia, COO

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Majestic a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether First Majestic Silver is a strong investment it is important to analyze First Majestic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Majestic's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
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Please note, there is a significant difference between First Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Majestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.