Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:AG - Post Discussion

First Majestic Silver Corp > via SEDAR.. net loss..

View:

Post by beelzeebuub1 on Aug 01, 2024 2:17pm

via SEDAR.. net loss..

Net loss: Net loss for the quarter was $48.3 million (EPS of ($0.17)) compared to a net loss of $17.5 million (EPS of ($0.06)) in the second quarter of 2023. The increase in net loss was primarily attributed to a $22.6 million non-cash deferred income tax expense in the quarter as compared to a $10.3 million deferred income tax recovery in the second quarter of 2023, and a non-cash foreign exchange loss of $11.1 million in the quarter compared to a gain of $6.0 million in the second quarter of 2023. This was partially offset by higher mine operating earnings of $14.3 million as compared to the second quarter of 2023. "

234