Despite record output, First Majestic swings to headline loss as silver prices sag

February 25, 2016

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Primary silver producer First Majestic Silver Corp has swung to a full-year 2015 adjusted loss as record silver-equivalent production and significantly lower costs failed to counter lower prices.
For the fourth quarter ended December 31, the Vancouver-based company reported an adjusted loss that excluded once-off items of $3-million, or $0.02 a share, beating Wall Street analyst expectations by a penny, compared with fourth-quarter earnings in 2014 of $4.2-million, or $0.04 a share.

Category: General