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First Majestic Silver (AG) says total Q2 production at its five operating silver mines in Mexico...

First Majestic Silver (AG) says total Q2 production at its five operating silver mines in Mexico reached a new quarterly record of 3.27M silver equivalent oz., a 55% Y/Y increase. Says a full review of expenditures is ongoing, targeted manpower cut of 10% is underway, expects unsold inventories will be sold in Q3, and plans to cut active drill rigs to eight. AG +0.8% premarket.
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