First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.

TSX:AG - Post by User

First Majestic Silver Corp

Bullboard Posts

Post by wahjai604on Mar 22, 2010 2:14pm

785 Views

Post# 16910198

Dividends?

Question, because FR has such a good financial increase in it's earnings, do we as shareholders get any dividends from the company? My thought is "no" unless they announce it, because I don't recall them giving out dividends before for their net earnings in previous years.

Thoughts?

Also it's encouraging that FR is on track to increase their annual production by three folds by 2012!!

Cheers!
WahJai604

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2010) - FIRST MAJESTIC SILVER CORP.(TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ) (the "Company") is pleased to announce the audited financial results for the Company's year ending December 31, 2009 and its fourth quarter ending December 31, 2009. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com.

Year End Highlights
Gross Revenue	CDN$71.5 million
Net Revenue	CDN$59.5 million
Mine Operating Earnings	CDN$18.5 million
Net Income after taxes	CDN$6.3 million
Earnings Per Share (EPS)	CDN .08
Silver Equivalent Production	4,337,103 oz. Ag eq.
Silver Equivalent Oz. Sold	4,233,703 oz. Ag eq.
Direct Cash Costs per ounce	US$5.61
Cash Costs per Ounce (all in)	US$8.49
Average Gross Revenue per Ounce Sold	CDN$16.89 (US$ 14.79)

Fourth Quarter Highlights
Gross Revenue	CDN$21.4 million
Net Revenue	CDN$18.4 million
Mine Operating Earnings	CDN$8.1 million
Net Income after taxes	CDN$2.5 million
Earnings Per Share (EPS)	CDN .03
Silver Equivalent Production	1,249,568 oz. Ag eq.
Silver Equivalent Oz. Sold	1,145,562 oz. Ag eq.
Direct Cash Costs per ounce	US$5.69
Average Gross Revenue per Ounce Sold	CDN$18.71(US$ 17.72)