First Majestic Hits New Quarterly Production Record

First Majestic Silver Corp. (TSX:FR,NYSE:AG) announced yesterday that during the first quarter of 2014, production at its five operating Mexico-based silver mines reached a new record of 3,631,672 silver equivalent ounces.

As quoted in the press release:

Total silver production for the quarter consisted of 2,895,497 ounces of silver, representing an increase of 19% compared to the same quarter in 2013. In addition, 8,593,807 pounds of lead and 2,689,274 pounds of zinc were produced, representing an increase of 112% and 60%, respectively, compared to the same quarter of the previous year. Also produced were 3,375 ounces of gold, representing an increase of 113% compared to the first quarter of 2013.

Keith Neumeyer, president and CEO of First Majestic, commented:

Our first quarter results show a great start to the new year. Even though some challenges existed in the quarter, other improvements that were implemented in 2013 are taking hold. With many exciting initiatives underway in the areas of automation, processes and metallurgy, we are setting ourselves up for another record year of production.

Click here to read the full First Majestic Silver Corp. (TSX:FR,NYSE:AG) press release.