First Majestic Produces a New Record of 3.37 million Silver Equivalent Ounces

About this update from First Majestic Silver Corp.

[{"type":"text","content":"\n\n\nTSX - FR \nNYSE - AG\nFrankfurt - FMV (WKN: A0LHKJ)\n\n\nVANCOUVER, Oct. 16, 2013 /CNW/ - First Majestic Silver Corp. (\"First\n Majestic\" or the \"Company\") is pleased to announce that total\n production at its five operating silver mines in Mexico for the third\n quarter ending September 30, 2013, reached a new quarterly record of\n 3,370,457 equivalent ounces of silver, representing a 38% increase\n compared to the same quarter in 2012.\n\n\nTotal silver production for the quarter consisted of 2,689,237 ounces of\n silver, representing an increase of 22% compared to the same quarter in\n 2012. In addition, 8,543,551 pounds of lead and 2,232,881 pounds of\n zinc were produced representing an increase of 158% and 164%,\n respectively, compared to the same quarter of the previous year. Also,\n 2,942 ounces of gold were produced, representing an increase of 91%\n compared to the third quarter of 2012.\n\n\nKeith Neumeyer, President & CEO of First Majestic, states, \"While the\n third quarter was another volatile period for silver prices, we\n continue to make progress with our growth strategy in Mexico.  The San\n Martin mill expansion, which is now complete, marks the third major\n project completed by First Majestic in 2013, following the recent\n production start-up of Phase 1 at the Del Toro Silver Mine and the\n completion of the mill expansion at the La Guitarra Silver Mine.  Our\n operations team deserves to be recognized for a job well done.\"\n\n\nProduction Details Table:\n\n\n\n\nConsolidated Production Results\n\n\nQuarter Ended \nSeptember 30, \n2013\n\n\nQuarter Ended \nSeptember 30, \n2012\n\n\n% Change over \nPrior Year's \nQuarter\n\n\n\n\nOre processed/tonnes milled\n\n\n641,345\n\n\n666,688\n\n\n-4%\n\n\n\n\nTotal production - ounces of silver equivalent\n\n\n3,370,457\n\n\n2,438,085\n\n\n38%\n\n\n\n\nTotal silver ounces produced\n\n\n2,689,237\n\n\n2,205,237\n\n\n22%\n\n\n\n\nSilver Grade (g/t)\n\n\n202\n\n\n167\n\n\n21%\n\n\n\n\nSilver Recovery (%)\n\n\n65%\n\n\n62%\n\n\n5%\n\n\n\n\nPounds of lead produced\n\n\n8,543,551\n\n\n3,307,944\n\n\n158%\n\n\n\n\nEquivalent ounces from lead\n\n\n382,385\n\n\n99,263\n\n\n285%\n\n\n\n\nPounds of zinc produced\n\n\n2,232,881\n\n\n844,953\n\n\n164%\n\n\n\n\nEquivalent ounces from zinc\n\n\n88,754\n\n\n24,577\n\n\n261%\n\n\n\n\nGold ounces produc...

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