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First Majestic Silver Q1 earnings rise on higher silver price

By:  
Creamer Media Senior Deputy Editor Online
 
PRECIOUS METALS
Precious metals producer First Majestic Silver increased its first-quarter net earnings by 50% quarter-on-quarter to $2.7-million, or earnings a share of $0.02, helped by a higher silver price and lower all-in sustaining costs (AISC). The Vancouver-based miner, which operates six mines in Mexico, increase revenue by 4% to $69.1-million, as a higher silver price helped to offset a decrease in silver-equivalent ounces sold.
 
 
 
 
 

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