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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:41 EDTAGFirst Majestic expects to increase FY13 production from FY12
Production in FY13 is expected to increase from 2012 levels with the following upcoming developments: at Del Toro, production from the 1,000 tpd flotation circuit commenced in January 2013 and construction of the 1,000 tpd cyanidation circuit expected to commence production in the third quarter of 2013; at La Guitarra, a new ball mill and flotation cells will increase capacity from 350 tpd to 500 tpd during March 2013; at San Martin, the cyanidation plant is being expanded which will increase capacity from 950 tpd to 1,300 tpd in the Q2 of FY13.
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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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