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News Breaks
January 25, 2013
07:33 EDTAGFirst Majestic commences production at the Del Toro Silver Mine
First Majestic Silver announced that the Del Toro Silver Mine, located in the state of Zacatecas, Mexico, has achieved initial silver production. The Del Toro Silver Mine was inaugurated in a special ceremony on January 23 which declared the new plant as officially open. Approximately 250 people attended the event including several Mexican Federal, State and Municipal authorities. The State Government was represented by Governor Lic. Miguel Alonso Reyes, the Governor of Zacatecas.
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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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