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First Majestic Announces 2025 Production and Cost Guidance and Announces Conference Call Details
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - First Majestic Silver Corp. (...
About this update from First Majestic Silver Corp.
[{"type":"text","content":"First Majestic Announces 2025 Production and Cost Guidance and Announces Conference Call DetailsVancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the \"Company\" or \"First Majestic\") is pleased to announce the Company's consolidated 2025 production and cost guidance for the Company's four producing underground mines in Mexico, namely the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine. The Company will be holding a conference call with management at 8:30 a.m. (PT) on Thursday, February 20, 2025, to discuss First Majestic's 2024 financial results and 2025 production and cost guidance. 2025 PRODUCTION GUIDANCEIn 2025, the Company expects to achieve total attributable production from its four operating mines in Mexico of between 27.8 to 31.2 million silver equivalent (\"AgEq\") ounces, including 13.6 to 15.3 million ounces of silver. The increase in forecasted silver production compared to 2024 is due to the addition of attributable production from the Cerro Los Gatos Silver Mine as a result of the Company's acquisition of Gatos Silver, Inc. on January 16, 2025, as well as an increase in silver production from Santa Elena, and from La Encantada, following a return to normal operations at La Encantada in the fourth quarter of 2024. A mine-by-mine breakdown of the 2025 production guidance is included in the table below. The Company reports cost guidance to reflect cash costs and all-in sustaining costs (\"AISC\") on a per AgEq attributable payable ounce. The metal price and foreign currency assumptions that were used to calculate the numbers below were: silver: $29.00/oz, gold: $2,500/oz, lead: $0.95/lb., zinc: $1.25/lb. and MXN:USD 19.5:1.2025 Production GuidanceOperationSilver Oz(M)Gold Oz(k)Lead Lbs(M)Zinc Lbs(M)Silver Eqv. Oz (M)Cash Cost($ per AgEq Oz)AISC($ per AgEq Oz)Los Gatos, Mexico (70%)5.0 - 5.63 - 429 - 3247 - 538.4 - 9.411.98 - 12.5615.03 - 15.92Santa Elena, Mexico1.6 - 1.871 - 79--7.7 - 8.614.91 - 15.7118.60 - 19.79San Dimas, Mexico4.3 - 4.855 - 61--9.0 - 10.113.28 - 14.0417.86 - 19.09La Encantada, Mexico2.7 - 3.1---2.7 - 3.120.16 - 21.3225.30 - 26.98Operations Total13.6 - 15.3...