First Majestic Silver 2018 Total Production Up 37% - Quick Facts


(RTTNews.com) - First Majestic Silver Corp. (AG, FR.TO) on Monday announced its fourth quarter and full year 2018 production results, as well as production and cost guidance for 2019. The company's fourth quarter and full year 2018 financial results are scheduled to be released on February 25, 2019.

The company's total production in 2018 reached 22.2 million equivalent ounces of silver, representing a 37 percent increase over 2017, and at the upper end of the company's guidance of 20.5 million to 22.6 million silver equivalent ounces.

Total production consisted of 11.7 million ounces of silver, 111,084 ounces of gold, 16.1 million pounds of lead and 5.7 million pounds of zinc.

Looking ahead to fiscal 2019, the company anticipates total production - including gold, lead and zinc by-products - will range between 24.7 million to 27.5 million silver equivalent ounces, including 14.2 million to 15.8 million ounces of pure silver.

Based on the midpoint of the guidance range, the company expects a 28 percent increase in silver production and an 18 percent increase in total production when compared to 2018.


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