Precious Metals

First Majestic Responds to Market Activity

At the request of IIROC ("Investment Industry Regulatory Organization of Canada"), First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company") wishes to confirm that it is not aware of any material, undisclosed information related to the Company that would account for the recent increase in the market price and level of trading volume of its ordinary shares.

ABOUT THE COMPANY

First Majestic is a publicly traded mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. Production from these mines are projected to be between 12.5 to 13.9 million silver ounces or 20.6 to 22.9 million silver equivalent ounces in 2021.

FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer, President & CEO


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)

First Majestic Temporarily Suspends Mining Activities at Jerritt Canyon

FIRST MAJESTIC SILVER CORP. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") announces today it is taking action to reduce overall costs by reducing investments, temporarily suspending all mining activities and reducing its workforce at Jerritt Canyon effective immediately.

Over the past 22 months since the acquisition of the Jerritt Canyon Gold Mine in Nevada, the Company has been focused on increasing underground mining rates in order to sustainably feed the processing plant at a minimum of 3,000 tpd in order to generate free cash flow as our plans suggested. Despite these efforts, mining rates have remained below this threshold and cash costs per ounce have remained higher than anticipated primarily due to ongoing challenges such as contractor inefficiencies and high costs, inflationary cost pressures, lower than expected head grades and multiple extreme weather events affecting northern Nevada, which have compounded conditions and caused material headwinds for the operation.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Fortuna Reports Results for the Fourth Quarter and Full Year 2022

(All amounts expressed in US dollars, tabular amounts in millions, unless otherwise stated)

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) ("Fortuna" or the "Company") today reported its financial and operating results for the fourth quarter and full year 2022.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

SilverCrest Reports 2022 Annual Financial Results

TSX: SIL | NYSE American: SILV

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to report the Company's audited financial results for the year ended December 31, 2022 . The audited consolidated financial statements and management's discussion and analysis for 2022 are available under the Company's SEDAR profile on www.sedar.com EDGAR profile on www.sec.gov and on SilverCrest's website www.silvercrestmetals.com . All amounts herein are presented in United States Dollars ("US$"), unless otherwise stated. Certain amounts shown in this news release may not total to exact amounts due to rounding differences.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Fortuna reports Sunbird infill drilling results at Séguéla, Côte d´Ivoire

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide an update on its Sunbird drilling program at the Séguéla Gold Project located in Côte d'Ivoire.

Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Infill drilling at Sunbird to upgrade resource confidence has commenced, with the first batch of results returning shallow high grade intersections from modelled low grade areas from within the pit optimization shell, including highlights such as 10.6 g/t Au over a true width of 21.7 meters in drill hole SGRC1572 and 14.9 g/t Au over a true width of 14 meters from drill hole SGRC1570." Mr. Weedon continued, "In addition to the initial infill results, extension drilling to test the northern strike beyond the pit shell has been successful in intersecting additional high grade results such as 12.0 g/t Au over a true width of 5.6 meters in drill hole SGRC1566 and 6.6 g/t Au over a true width of 6.3 meters in drill hole SGRC1567." Mr. Weedon added, "The focus at Sunbird is currently on upgrading its resource confidence with the ultimate intention of conversion to mineral reserves to expand Séguéla's current 1.1 million ounces of gold reserves and nine-year life-of-mine 1 . The Company is looking forward to the positive outcome of the program and the resumption of testing the high grade depth potential beyond the current optimization shell limit."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Silver Investing

Silver Viper Minerals Announces $3 Million Private Placement

Silver Viper Minerals Corp. (the "Company" or "Silver Viper") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that the Company intends to undertake a non-brokered private placement financing (the "Offering") to raise gross proceeds of up to $3,000,000 from the sale of up to 30,000,000 units ("Units") at a price of $0.10 per Unit, each Unit consisting of one common share of the Company (each, a "Share") and one warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of $0.20 per Share for a period of 24 months from their date of issue.

Keep reading...Show less

Latest Press Releases

Related News

×