First Majestic Silver Corp.: First Stage of Expansion at the La Parrilla Processing Plant Completed

First Majestic Silver Corp. (TSX:FR,NYSE:AG,FRA:FMV) announced that the initial expansion stage of the La Parrilla Silver plant is now complete.

The press release is quoted as saying:

As previously announced on September 13, 2011 in the La Parrilla NI 43-101 Pre-feasibility Study news release, a decision was made to expand the La Parrilla operation to 2,000 tpd from the previous throughput of 850 tpd due to the significant increases in Reserves. This expansion, which commenced in December 2010, was originally planned to reach 1,600 tpd, however, is now planned to reach 2,000 tpd by year end.

First Majestic’s President and CEO, Keith Neumeyer said:

“We are very pleased with the completion of this first stage of this new expansion at La Parrilla. Our Mexican construction team should be recognized for their hard work and tireless efforts and should be congratulated for the completion of this first stage that will lead to the La Parrilla operation doubling production to over three million ounces of silver annually.”

Click here to read the entire news release.