VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 17, 2017) – First Majestic Silver Corp. (“First Majestic” or the “Company”) (FRANKFURT:FMV)(TSX:FR)(NYSE:AG)(BVM:AG) is pleased to announce the Company’s fourth quarter and full year 2016 production results, as well as production and cost guidance for 2017. Production costs are scheduled to be released on February 22, 2017 with the Company’s full-year and fourth quarter 2016 financial results.
Total production in 2016 reached a new record of 18.7 million equivalent ounces of silver, representing a 16% increase over 2015, consisting of 11.9 million ounces of silver, 62,436 ounces of gold, 33.2 million pounds of lead and 10.6 million pounds of zinc.
Production in the fourth quarter of 2016 totaled 4.4 million equivalent ounces of silver consisting of 2.8 million ounces of silver, 14,743 ounces of gold, 7.7 million pounds of lead and 1.2 million pounds of zinc.
As of December 31, 2016, the Company held US$129.0 million of cash in its treasury.