First Majestic Silver’s Profit Rises on Higher Production, Prices

The Vancouver Sun reports Vancouver-based First Majestic Silver Corp. ramped up production at its Mexico silver mines which resulted in a big increase in profits, the company said this week.

The report is quoted as saying:

“This past year has clearly been a watershed year for First Majestic, and we’re continuing to push aggressively forward in expanding our silver production into 2011 and beyond,” company CEO Keith Neumeyer said in a news release.

“We will continue to focus on an aggressive growth strategy combined with minimizing costs as we move First Majestic toward becoming a senior silver producer.”

To read the full report, click here.