Business
First Majestic Produces New Quarterly Record of 8.6M Silver Eqv. Oz in Q4 2021 and Achieves FY2021 Guidance with New Annual Production Record of 26.9M Silver Eqv. Oz; Announces 2022 Guidance and Today's Conference Call Details; Appoints Interim CFO
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2022) - First Majestic Silver Corp....
About this update from First Majestic Silver Corp.
[{"type":"text","content":"First Majestic Produces New Quarterly Record of 8.6M Silver Eqv. Oz in Q4 2021 and Achieves FY2021 Guidance with New Annual Production Record of 26.9M Silver Eqv. Oz; Announces 2022 Guidance and Today's Conference Call Details; Appoints Interim CFOVancouver, British Columbia--(Newsfile Corp. - January 18, 2022) - First Majestic Silver Corp. (TSX: FR) (NYSE: AG) (FSE: FMV) (\"First Majestic\" or the \"Company\") is pleased to announce fourth quarter production reached a new quarterly record of 8.6 million silver equivalent ounces, consisting of 3.4 million silver ounces and 67,411 gold ounces, representing a 17% increase compared to the prior quarter. Additionally, full year 2021 production reached a new Company record of 26.9 million silver equivalent ounces, consisting of 12.8 million silver ounces and 192,353 gold ounces, or a 32% increase over 2020. The Company is also pleased to announce its 2022 guidance of producing between 32.2 to 35.8 million silver equivalent ounces, consisting of 12.2 to 13.5 million ounces of silver and 258,000 to 288,000 ounces of gold, with AISC cost guidance of between $16.79 to $18.06 per silver equivalent ounce. Q4 2021 HIGHLIGHTSTotal production reached 8.6 million silver equivalent ounces, representing a 17% increase over the prior quarter. Silver production reached 3.4 million ounces, representing a 2% increase over the prior quarter and the Company's third highest quarterly silver production. Gold production reached 67,411 ounces, representing a 24% increase from the prior quarter and the Company's highest quarterly gold production.San Dimas produced a record 4.0 million silver equivalent ounces, consisting of 2.2 million ounces of silver and 23,795 ounces of gold, representing a 17% increase in total production from the prior quarter and the highest quarterly production since acquiring the mine in 2018. In November, the Company began test batching surface stockpiles from Ermitaño at the Santa Elena processing plant and in December declared initial production, ahead of schedule, which resulted in a new quarterly production record at Santa Elena. A total of 2.0 million silver equivalent ounces were produced in the quarter consisting of 426,870 ounces of silver and 19,810 ounces of gold. This represents a significant 84% increase in total production from the prior quarter and the highest q...