Bank of America Slashes First Majestic Silver Stake by 39%

Bank of America Corp DE reduced its position in First Majestic Silver Corp. during the second quarter. The institution sold 2,352,693 shares, marking a 38.7% decrease in its total stake.

Following the transaction, Bank of America holds 3,730,131 shares of the mining company. This remaining position is valued at approximately $63.26 million.

The bank now controls roughly 0.76% of First Majestic Silver's total outstanding shares.