First Majestic Silver moves higher after Q3 revenues rise 21%

First Majestic Silver (AG +1.2%) reported Q3 earnings fell 34% while revenue rose 21% due to an increase in silver equivalent ounces sold.

Silver equiv. oz. produced rose 38% to ~3,37M oz. vs. ~2,44M in the year-ago quarter; the average realized silver price per ounce was $21.58, down 29% Y/Y.

Recognized mine operating earnings of $29.2M vs. $14.3M in Q2 and $35.8M in Q3 2012.

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Comments (1)
  • 6151621
    , contributor
    Comments (1172) | Send Message
    It's a no-brainer earnings fell: the price of silver low 20's versus low 30's last year.
    12 Nov 2013, 01:25 PM Reply Like
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