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Reuters Africa reported that profits for First Majestic (TSE:FR) were up in first quarter 2011 due to higher silver prices.
Reuters Africa reported that profits for First Majestic (TSX:FR) were up in first quarter 2011 due to higher silver prices.
The market news is quoted as saying:
In the quarter, production rose 13 percent to 1.8 million silver equivalent ounces. Total cash costs per ounce rose to $8.26 from $7.67 in the year-ago quarter.