Silver Doré Production Commences at the Del Toro Silver Mine

About this update from First Majestic Silver Corp.

[{"type":"text","content":"\n\n\nTSX - FR \nNYSE - AG\nFrankfurt - FMV\n\n\nVANCOUVER, Dec. 4, 2013 /CNW/ - FIRST MAJESTIC SILVER CORP. (AG: NYSE;\n FR: TSX) (the \"Company\" or \"First Majestic\") is pleased to announce\n that the Company's new 1,000 tonnes per day (tpd) cyanidation circuit\n at its Del Toro Silver Mine in Zacatecas, Mexico began initial\n production of silver doré bars on November 20, 2013.\n\n\n\"The commencement of silver doré production at Del Toro is another\n significant milestone for First Majestic this year,\" said First\n Majestic's President and CEO, Keith Neumeyer. \"The Del Toro Silver Mine\n continues to be a substantial growth driver for the Company as silver\n production ramps up from this new mine.  With the plant construction\n nearly complete, this achievement puts First Majestic on track to\n reaching its tenth consecutive year of growth in silver production.\"\n\n\nCommissioning of the new 1,000 tpd cyanidation circuit began on October\n 20, 2013.  Surface stockpiles consisting of lower grade oxide ore is\n initially being supplied to the mill for this ramp-up period.  Mill\n throughput since initial commissioning has averaged 582 tpd with head\n grades averaging 168 grams per tonne silver. Initial silver recoveries\n in the oxide circuit have averaged 67%. It is expected that throughput,\n grades and recoveries will achieve commercial levels by December 31,\n 2013 and will come closer to rates indicated in the Pre-Feasibility\n Study (PFS) dated August 20, 2012. Six pours have now taken place with\n each pour resulting in better quality silver doré bars.\n\n\nThe PFS released in August 2012 estimated a budget for the Del Toro\n project consisting of $76.6 million for the construction of the\n processing plant, $18.3 million for exploration and development, $12.2\n million for mining equipment, $8.0 million for the shaft installation,\n and $9.1 million for indirect costs and contingencies. Following the\n release of the PFS and as of September 30, 2013, $68.4 million has been\n invested for the construction of the plant, $31.7 million for\n exploration and development, $10.4 million for mining equipment, $1.0\n million on the pending shaft installation, and $3.8 million on indirect\n costs and contingencies. An additional investment of $52.6 million,\n including exploration, develop...

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