First Majestic sets new quarterly production record
Vancouver-based First Majestic produced a record 8.8-million silver-equivalent ounces in the third quarter ended September 30, mainly driven by higher grades at the San Dimas and Santa Elena mines, in Mexico.
This is a 14% quarter-on-quarter increase, CEO Keith Neumeyer reported on Tuesday.
Santa Elena set an all-time quarterly record of 2.7-million silver-equivalent ounces, representing a 22% increase compared with the prior quarter.