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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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April 15, 2014
12:01 EDTAGFirst Majestic announces $30M forward sale contract on lead production
First Majestic (AG) announced that it has entered into a $30M forward sale contract with Bank of America (BAC) Merrill Lynch on a portion of the company's future lead production. The company executed this forward sale contract for 15,911.3 metric tonnes of lead at a fixed price of $0.945 per pound for total proceeds of $30M. The contract term is valid from April to September 2017, with a six-month repayment holiday from April to September. The forward sale contract is financially settled from the sale of lead from any of First Majestic's operations and represents approximately 35% of the company's total estimated future lead production over this period. The purpose of this prepayment contract is to fund the Company's continuing expansion plans and for general working capital.
April 8, 2014
07:03 EDTAGFirst Majestic reaches record 3.63M ounces of silver during Q1
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April 7, 2014
07:27 EDTAGAmerican Association of Cancer Research to hold annual meeting
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