First Majestic production hits record, 2018 production guidance hiked

Total production from dual-listed First Majestic’s seven operating silver mines reached a new company record of 5.1-million ounces of silver equivalent in the second quarter, comprising 2.8-million ounces of silver, 25 449 oz of gold, 3.9-million pounds of lead and 1.4-million pounds of zinc. The addition of the San Dimas silver/gold mine, which was acquired in May, prompted the company to increase its 2018 silver production target to a new range of between 12-million ounces and 13.2-million ounces, or between 20.5-million to 22.6-million silver equivalent ounces.