More on First Majestic Silver's Q2 results

|About: First Majestic Silver Corp. (AG)|By:, SA News Editor

First Majestic Silver's (AG) Q2 earnings and revenue missed estimates, but shares are +0.6% premarket.

Silver production rose 44% Y/Y to ~2.77M oz.; silver equivalent oz. increased 55% to ~3.27M oz.; cash costs fell $0.06 to $9.43/oz., and AG expects H2 cash costs will end below H1 levels.

The San Martin silver mine produced at record levels of 371K oz. of silver and 512 oz. of gold, up 43% and 68% Q/Q respectively Q/Q.