First Majestic Silver Corp Beats Annual, Quarterly Silver Production

First Majestic Silver Corp. (TSX:FR,NYSE:AG) announced fourth quarter and full year 2012 production results, including annual and quarterly production records.

As quoted in the press release:

Highlights

  • Total production increased by 5% to a new quarterly record of 2.6 million silver equivalent ounces
  • Total silver production increased by 5% to a new quarterly record of 2.3 million ounces
  • Silver production amounted to 90% of total metal production in the fourth quarter
  • A new yearly record of 9.1 million silver equivalent ounces were produced representing a 20% increase from 2011

First Majestic’s President and CEO, Keith Neumeyer, said:

Another great year which marked our ninth year of consecutive record growth in silver production. Our team once again deserves recognition of this great achievement.

To view the full press release, click here.