Produces 3.5 Million Silver Eqv. Ounces in Q3; Postpones the Sale of 934K Silver Ounces of Inventory

About this update from First Majestic Silver Corp.

[{"type":"text","content":"\n\n\nTSX - FR\nNYSE - AG\nFrankfurt - FMV (WKN: A0LHKJ)\nMexico - AG\n\n\nVANCOUVER, Oct. 14, 2014 /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, 2014 reached 3,523,536 equivalent ounces\n of silver, representing a 5% increase compared to the same quarter in\n 2013.\n\n\nTotal silver production for the quarter consisted of 2,680,439 ounces of\n silver, relatively unchanged compared to the same quarter in 2013. In\n addition, 9,703,792 pounds of lead and 3,222,877 pounds of zinc were\n produced, representing an increase of 14% and 44%, respectively,\n compared to the same quarter of the previous year. Also produced were\n 2,781 ounces of gold, representing a 5% decrease compared to the third\n quarter of 2013.\n\n\nKeith Neumeyer, President & CEO of First Majestic, states, \"the\n Company's primary focus remains to be cost cutting. Several successes\n have been achieved while many challenges still remain. As management\n gets accustomed to operating in a much lower silver price environment\n many efficiencies are slowly showing up in the business, however, often\n change comes slower than we wish. I would like to compliment management\n for their efforts, yet persistence is required in this daily challenge\n to achieve the highest levels of efficiencies possible\".\n\n\nConsolidated Production Results:\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\nQ3\n\n\n \n\n\n \n\n\nQ3\n\n\n \n\n\n \n\n\nY/Y\n\n\n \n\n\n \n\n\nQ2\n\n\n \n\n\n \n\n\nQ/Q\n\n\n\n\n \n\n\n \n\n\n2014\n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\nChange\n\n\n \n\n\n \n\n\n2014\n\n\n \n\n\n \n\n\nChange\n\n\n\n\nOre processed/tonnes milled\n\n\n \n\n\n \n\n\n621,196\n\n\n \n\n\n \n\n\n641,345\n\n\n \n\n\n \n\n\n-3%\n\n\n \n\n\n \n\n\n671,024\n\n\n \n\n\n \n\n\n-7%\n\n\n\n\nTotal production - ounces of silver equivalent\n\n\n \n\n\n \n\n\n3,523,536\n\n\n&#...

More updates from First Majestic Silver Corp.