The Global Resource For Connecting Buyers and Sellers

First Majestic Silver Q1 earnings rise on higher silver price

Precious metals producer First Majestic Silver increased its first-quarter net earnings by 50% quarter-on-quarter to $2.7-million, or earnings a share of $0.02, helped by a higher silver price and lower all-in sustaining costs (AISC).
The Vancouver-based miner, which operates six mines in Mexico, increase revenue by 4% to $69.1-million, as a higher silver price helped to offset a decrease in silver-equivalent ounces sold.