First Majestic Silver reports record 2013 production, eyes 2014 gains

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

First Majestic Silver (AG +0.4%) says its preliminary 2013 production shows record operating performance across its five mines in Mexico.

Total production reached a record of nearly 12.8M equiv. oz. of silver, a 41% Y/Y increase and in line with previous guidance, which includes ~10.6M oz. of pure silver; Q4 production also reached new quarterly records of ~3.4M equiv. oz. of silver and nearly 2.75M oz. of silver.

For 2014, AG anticipates silver production will increase 19%-25% to 12.7M-13.35M oz., or 14.85M-15.6M silver equiv. oz.