First Majestic Silver Corp Increases Silver Production by 36 Percent From Mexican Operations

First Majestic Silver Corp. (TSX:FR, NYSE:AG) production results from its five Mexican mines for Q1, which totalled 2,731,792 equivalent ounces of silver, representing a 36% increase compared to the same quarter in 2012.

As quoted in the press release:

Total silver production for the quarter consisted of 2,437,664 ounces of silver, representing an increase of 33% compared to the same quarter in 2012. In addition, 4,058,114 pounds of lead and 1,679,378 pounds of zinc were produced representing an increase of 28% and 27%, respectively, compared to the same quarter of the previous year. Also, 1,584 ounces of gold was produced, representing an increase of 159% compared to the first quarter of 2012.

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

The first quarter of 2013 marked yet another milestone for First Majestic. We announced the inauguration of Del Toro after 21 months of construction. We’re also now in the final stages of expanding mine and mill capacities at both our San Martin and La Guitarra operations. With four major projects underway simultaneously, our entire team needs to be congratulated for their hard work, persistence and dedication ensuring First Majestic’s aggressive growth plans remain intact.

To view the whole press release, click here.