U.S. Markets close in 6 hrs 7 mins

First Majestic reaches record 3.63M ounces of silver during Q1

First Majestic Silver announced that total production at its five operating silver mines in Mexico for the Q1 ending March 31 reached new quarterly record of 3,631,672 equivalent ounces of silver, representing a 33% increase compared to the same quarter in 2013. Total silver production for the quarter consisted of 2,895,497 ounces of silver, representing an increase of 19% compared to the same quarter in 2013. In addition, 8,593,807 pounds of lead and 2,689,274 pounds of zinc were produced, representing an increase of 112% and 60%, respectively, compared to the same quarter of the previous year. Also produced were 3,375 ounces of gold, representing an increase of 113% compared to the first quarter of 2013.