First Majestic Silver Corp. (TSX:FR,NYSE:AG) announced fourth quarter and full year 2012 production results, including annual and quarterly production records.
As quoted in the press release:
- Total production increased by 5% to a new quarterly record of 2.6 million silver equivalent ounces
- Total silver production increased by 5% to a new quarterly record of 2.3 million ounces
- Silver production amounted to 90% of total metal production in the fourth quarter
- A new yearly record of 9.1 million silver equivalent ounces were produced representing a 20% increase from 2011
First Majestic’s President and CEO, Keith Neumeyer, said:
Another great year which marked our ninth year of consecutive record growth in silver production. Our team once again deserves recognition of this great achievement.