First Majestic reports record Q2 output

Vancouver-based First Majestic Silver increased second quarter production 11% year-on-year, to 1.84-million silver-equivalent ounces, the company reported on Thursday. First Majestic processed a total of 482 075 t of ore during the second...

First Majestic could start dividend from Q1 2012 – CEO

Vancouver-based First Majestic Silver could start paying a dividend from next year, CEO Keith Neumeyer said on Monday. “We have discussed it quite a bit,” he said in response to a question on a conference call.

First Majestic silver output up 18% in Q3

Vancouver-based First Majestic Silver produced a best-ever 1,82-million ounces of the precious metal in the third quarter, 18% more than in the previous three months and a 95% increase compared with the third quarter of 2009. Silver-equivalent...

First Majestic profit jumps

Vancouver-based First Majestic Silver increased second-quarter net income by more than 700%, to C$8,9-million, compared with C$1-million a year earlier, helped by higher silver prices and production. First Majestic, which operates three mines in...

First Majestic Q1 output up 56%

Vancouver-based First Majestic Silver produced 1,62-million silver-equivalent ounces during the first three months of this year, 56% more than a year earlier and the company's best-ever quarterly performance. Silver production rose 28% compared...

First Majestic says Q4 production up 18%

Canada's First Majestic Silver produced 1,25-million silver-equivalent ounces in the fourth quarter of 2009, an increase of 18% compared with the same period a year earlier. The company produced 1,1-million ounces of silver, 1,57-million pounds...

First Majestic agrees to buy junior Normabec

Vancouver-based First Majestic Silver has signed a definitive agreement to acquire Normabec Mining Resources in exchange for shares, the companies reported on Monday. First Majestic has three operating silver mines in Mexico, and Normabec's main...

Hecla mulls potential acquisitions in silver, gold

Idaho-based Hecla Mining is looking at opportunities to buy mining assets that could benefit from the company's expertise, CEO Phillips Baker said on Tuesday. The company owns and operates the Lucky Friday silver/lead/zinc underground mine in...

First Majestic Q1 silver output up 4%

Vancouver-based First Majestic Silver produced 929 964 oz of silver in the first three months of this year, 4% more than in the same period a year earlier. The firm, which operates three mines in Mexico, also produced 1,83-million pounds of lead...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

First Majestic Silver suspends Mexico project, expansions

Vancouver-based First Majestic Silver, which produces the precious metal from three mines in Mexico, has temporarily suspended all activities at its Cuitaboca project, after silver prices plummeted and financial markets clammed up. “Given the...

First Majestic ready to start Mexico expansion

Vancouver-based silver miner First Majestic Silver has received the final permit it needs for a new cyanidation circuit at its La Encantada mine, in Mexico, and will start construction next week, the firm announced this week.