First Majestic Reports Third Quarter Financial Results

/ Gambusino Prospector

http://www.firstmajestic.com/en/news/first-majestic-reports-third-quarter-financial-results-1

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the unaudited interim consolidated financial results of the Company for the third quarter ended September 30, 2015. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.

Third Quarter 2015 FINANCIAL Highlights

  • Generated revenues of $44.7 million
  • Mine operating loss amounted to $3.6 million
  • Net loss after taxes amounted to $1.8 million or a Basic EPS of ($0.01)
  • Operating cash flows before movements in working capital and taxes of $8.4 million or $0.07 per share
  • Produced 3.6 million silver equivalent ounces, including 2.6 million ounces of pure silver
  • Total cash cost, net of by-product credits, was $8.77 per payable silver ounce
  • All-in sustaining cost (“AISC”) was $14.41 per payable silver ounce, a 28% reduction compared to $19.89 per ounce in third quarter of 2014 and consistent with the previous quarter.
  • Average realized selling price for silver was $15.16 per ounce, compared to the quarterly COMEX average silver price of $14.87 per ounce
  • Cash and cash equivalents of $26.1 million held at the end of the quarter, excluding $28.6 million of cash received from the SilverCrest acquisition on October 1, 2015

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