First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada. The San Dimas Silver/Gold Mine is located approximately 130 kilometers (km) northwest of Durango, Durango State, Mexico and consists of 71,868 hectares (ha) of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located 150 km northeast of the city of Hermosillo, Sonora, Mexico and controls mining concessions totaling 102,244 ha. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. La Encantada has 4,076 ha of mineral concessions and surface land ownership of 1,343 ha.

TSX:AG - Post by User

First Majestic Silver Corp

Bullboard Posts

Post by Canucklehead80on Feb 11, 2013 5:00pm

500 Views

Post# 20971201

Five Silver Mines In Mexico

Five Silver Mines In Mexico
First Majestic’s Keith Neumeyer Talks Expansion and Consolidation
Kevin Michael Grace

February 11, 2013 - First Majestic Silver Corp T.FR announced January 25 initial production at its Del Toro Silver Mine in Zacatecas, Mexico. Underground development at Del Toro has produced 97,700 tonnes of stockpiled ore which supplies feed to the processing plant. Commercialization of the 1,000 tonnes per day (tpd) flotation circuit is anticipated by April 1, 2013. Phase-two startup is expected by July 1, 2013, when the mill is expected to run at a combined throughput rate of 2,000 tpd. The third, final phase of production (2,000 tpd flotation and 2,000 tpd cyanidation) is expected by 3Q 2014, when Del Toro is expected to become the company’s largest operation, producing approximately 6 million silver ounces per year and significant amounts of lead and zinc.

President/CEO Keith Neumeyer spoke to Kevin Michael Grace February 6, read the interview here.