First Majestic Silver Corp T.AG

FIRST QUARTER 2021 HIGHLIGHTS

[BudFox198777777]

FIRST QUARTER 2021 HIGHLIGHTS

• Revenues totalled $100.5 million, or 17% higher compared to Q1 2020, including a record $4.8 million from silver coins and bullion sales from the Company’s online retail store
• Realized average silver price of $27.13, a 56% increase compared to Q1 2020 
• Cash costs increased to $12.61 per AgEq ounce, compared to $8.25 in Q1 2020, primarily due to higher ore development rates and mining contractor costs at Santa Elena to increase future production and higher energy costs at San Dimas
• AISC increased to $19.35 per AgEq ounce, compared to $12.23 in Q1 2020
• Mine operating earnings of $28.1 million, up 33% compared to Q1 2020
• Net earnings of $1.9 million, compared to net earnings of ($32.4) million in Q1 2020    
• Adjusted EPS of $0.03 after excluding non-cash and non-recurring items
• Cash flow per share was $0.14 per share (non-GAAP)
• Strong working capital position of $232.8 million and total available liquidity of $297.8 million, including $65.0 million of undrawn revolving credit facility 
• Declared a cash dividend payment of $0.0045 per common share for the first quarter of 2021 for shareholders of record as of the close of business on May 17, 2021 and will be distributed on or about June 4, 2021

[Stratocheif]

Atta go KN. You got your AISC up to $19.35. Now if silver drops in a year or two back to its long term average of around $16 i guess your stock will be selling for a couple of bucks

[oldfx1]

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[Stratocheif]

He made 4.8 million selling coins to idiots who pay $37 when the price is $26. When that buying hysteria comes to an end that profit stream will be gone too. To have a long term viable business you gotta keep ptoduction costs down to weather the cyclical nature of this commodity

[mattbigham]

Prince Charming of the internet schooling Neumeyer on doing business. The Bullion Store has been in operation for at least 16 years because that was the first time I purchased FR bullion online. As for the AISC increase you'd actually have to read instead of just being Prince Charming .

[Stratocheif]

Ive been buying gold and silver for the last 42 years. Tough egg to crack because this is a CYCLICAL commodity so unless you catch the real low, buying physical has not delivered. Mr Neumeyer got into the silver mining business many years ago at a point when silver prices were on the upswing. When they went back down hard he got clobbered. But he is a true believer in the stuff and he foresees

[mattbigham]

The higher AISC is primarily a result of the 42 million USD's being spent bringing Ermitano to production. There are 112 million USD's being spent by FR on production expansion purposes in 2021. Total AISC for this year is projected at between $14.80 and $16 with major capital expenditures at multiple projects being undertaken. FR are expecting 30-33 m oz Ag Eq oz with Ermtano and JC in

[oldfx1]

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[tictactoe111]

'Silver is not going back to $15 with commodities skyrocketing and money printing on a hyperinflationary trajectory'. Supply chains are getting stress tested and common sense would dictate that there's a lot more chance of the silver price being way in excess of $50 than returning to $15 for sure. It will have its turn so I agree with Neumeyer it does have potential to spike past $100

[AXPRO]

@Matti, Not sure if you read the articles well, probably not. The news releases quoted: "Total capital expenditures in the first quarter were $45.1 million, primarily consisting of $14.5 million at San Dimas, $14.3 million at Santa Elena (including $6.7 million towards the Ermitao project), $2.7 million at La Encantada, $12.6 million for strategic projects and $0.9 million at non-producing

[oldfx1]

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