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    First Majestic Reports 10% Higher Q1 Profit

    Investing News Network
    May. 10, 2012 04:03PM PST
    Silver Investing

    Mining Weekly reported that higher production and silver prices helped First Majestic Silver (TSX:FR) to a 10% boost in quarterly profit.

    Mining Weekly reported that higher production and silver prices helped First Majestic Silver (TSX:FR) to a 10% boost in quarterly profit.

    As quoted in the market news:

    On Thursday [the company] posted a 10% profit rise for the first quarter to $26.4-million on Thursday, aided by higher production and prices. Per-share earnings were $0.25, a 5% increase on the same period last year.

    Click here to read the full Mining Weekly report.

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