First Majestic Reports Second Quarter Financial Results

VANCOUVER, British Columbia, Aug. 03, 2017 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP. (NYSE:AG) (TSX:FR) (the “Company” or “First Majestic”) is pleased to announce the unaudited interim consolidated financial results of the Company for the second quarter ended June 30, 2017. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at or on SEDAR at and on EDGAR at All amounts are in U.S. dollars unless stated otherwise.

(compared to First Quarter 2017)

  • Silver equivalent production decreased 9% to 3.9 million ounces
  • Silver production decreased 16% to 2.3 million ounces
  • All-in sustaining costs (“AISC”) increased 19% to $14.58 per payable silver ounce
  • Revenues decreased 13% to $60.1 million
  • Realized average silver price decreased 2% to $17.17 per ounce
  • Mine operating earnings decreased 86% to $1.4 million
  • Cash flow per share was $0.11 per share (non-GAAP), a decrease of 32% from the prior quarter
  • Cash costs increased 11% to $7.41 per payable silver ounce (net of by-product credits)
  • Net earnings of $1.4 million (Basic EPS of $0.01)
  • Adjusted net loss, excluding non-cash and non-recurring items, totaled $3.6 million (Adjusted loss per share of $0.02)
  • Strong treasury with cash and cash equivalents totaling $126.9 million at the end of the quarter

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s