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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.
News For AG From The Last 14 Days
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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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