Investing in quality mining companies offers diversification and exposure to commodities such as gold, silver, nickel, and copper, which reduces overall portfolio risk. With gold and silver prices gaining momentum in the past two years, several TSX mining stocks have already delivered outsized returns to shareholders.
One such TSX stock is First Majestic Silver (TSX:AG), which is up over 80% in the last 12 months. Valued at a market cap of $8 billion, First Majestic Silver is also down 24% from its 52-week high, allowing you to buy the dip.
First Majestic Silver is a Canadian mining company that acquires, explores, develops, and produces silver and gold from mineral properties in Mexico. It operates three primary mines: San Dimas in Durango, Santa Elena in Sonora, and La Encantada in Coahuila, with a focus on precious metal extraction and production across North America.
Silver might be an attractive investment in the upcoming…
