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News Breaks
January 9, 2013
07:42 EDTAGFirst Majestic achieves production of 2.3M silver ounces in Q4
First Majestic Silver announces the company's Q4 and FY12 production results. The total production in 2012 reached about 9.11M equivalent ounces of silver, representing a 20% increase over 7.56M equivalent ounces of silver produced in 2011. The equivalent silver production for 2012 consisted of 8.26M ounces of pure silver, representing a 14% increase from the prior year, 13.24M pounds of lead, representing a 68% increase from the previous year, 4.95M pounds of zinc, representing a 2,671% increase from the previous year, 18,329 tonnes of iron ore, representing an 85% increase from the previous year, and 4,221 ounces of gold, representing an increase of 175% compared to the previous year. Total silver production in 2012 as a percentage of total metal production amounted to 91%.
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February 23, 2015
07:12 EDTAGFirst Majestic sees 2015 AISC between $13.96-$15.48 per ounce
Sees 2015 AISCto be between $13.50-$14.96 per ounce after excluding non-cash items such as share-based payments and accretion of reclamation costs. Annual silver production is expected to increase to a new record range of 11.8 million to 13.2 million ounces. Del Toro is expected to reach 3.7 to 4.2 million silver equivalent ounces with improvements to optimize throughput and metallurgical recoveries, compared to 3.7 million silver equivalent ounces in 2014. An upgrade and expansion of the crushing and grinding area at La Encantada is expected to increase operations to 3,000 tpd and production to 4.0 to 4.5 million silver equivalent ounces; and At La Guitarra, the underground development of the El Coloso area is expected to result in higher silver grades to be extracted and processed in 2015.
07:11 EDTAGFirst Majestic reports Del Toro mine Q4 production of 818K silver ounces
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07:10 EDTAGFirst Majestic reports Q4 silver equivalent production of 4.2M ounces
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07:09 EDTAGFirst Majestic reports Q4 adjusted EPS 4c, consensus 3c
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