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First Majestic Silver Corp (FR.TO)

FR.TO on Toronto Stock Exchange

12.71CAD
12:46am IST
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$-0.09 (-0.70%)
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Latest Key Developments (Source: Significant Developments)

First Majestic Provides SAT Tax Dispute Update
Friday, 25 Sep 2020 

Sept 25 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC PROVIDES SAT TAX DISPUTE UPDATE.FIRST MAJESTIC - HAS BEEN INFORMED BY ITS MEXICAN LEGAL ADVISORS THAT PEM WILL BE SERVED WITH DECISION MADE ON SEPT 23, 2020 BY FEDERAL COURT.FIRST MAJESTIC - COURT DECISION REGARDING NULLIFYING APA GRANTED TO PEM & DIRECTING TAX AUTHORITY TO RE-EXAMINE EVIDENCE, BASIS FOR ISSUANCE OF APA.FIRST MAJESTIC - CONTINUES TO ASSESS LEGAL OPTIONS, BOTH DOMESTIC AND INTERNATIONAL INCLUDING UNDER NAFTA, WILL MAKE UPDATES ON LEGAL PLAN OF ACTION.  Full Article

First Majestic Reports Second Quarter Financial Results
Friday, 7 Aug 2020 

Aug 6 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC REPORTS SECOND QUARTER FINANCIAL RESULTS.Q2 REVENUE $34.9 MILLION.Q2 ADJUSTED LOSS PER SHARE $0.10 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE ESTIMATE $-0.03 -- REFINITIV IBES DATA.FIRST MAJESTIC SILVER - REALIZED AN AVERAGE SILVER PRICE OF $17.33 PER OUNCE DURING Q2, A 17% INCREASE COMPARED TO $14.80 IN Q2 OF 2019.CASH AND CASH EQUIVALENTS AT JUNE 30, 2020 WERE $95.2 MILLION WHILE WORKING CAPITAL WAS $114.2 MILLION.REVENUES GENERATED IN Q2 TOTALED $34.9 MILLION COMPARED TO $83.7 MILLION IN Q2 OF 2019.  Full Article

First Majestic Produces 3.5 Mln Silver Equivalent Ounces From Partial Operations In Q2
Wednesday, 15 Jul 2020 

July 15 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC PRODUCES 3.5 MILLION SILVER EQUIVALENT OUNCES FROM PARTIAL OPERATIONS IN SECOND QUARTER; UPDATES 2020 GUIDANCE & ANNOUNCES CONFERENCE CALL DETAILS.FIRST MAJESTIC SILVER - IN SECOND HALF OF 2020, EXPECTS SILVER PRODUCTION TO RANGE BETWEEN 6.1 TO 6.6 MILLION OUNCES.FIRST MAJESTIC SILVER - TOTAL PRODUCTION IS NOW EXPECTED TO RANGE BETWEEN 11.9 TO 13.1 MILLION SILVER EQUIVALENT OUNCES IN SECOND HALF OF 2020.FIRST MAJESTIC SILVER - CASH COSTS IN SECOND HALF OF 2020 ARE EXPECTED TO BE SIGNIFICANTLY LOWER TO WITHIN RANGE OF $2.93 TO $3.99 PER OUNCE.FIRST MAJESTIC SILVER - AISC ARE EXPECTED TO BE WITHIN A RANGE OF $10.57 TO $12.49 PER OUNCE IN SECOND HALF OF 2020.FIRST MAJESTIC SILVER - FOR FY 2020, NOW ESTIMATES SILVER PRODUCTION WILL RANGE BETWEEN 11.0 TO 11.7 MILLION OUNCES.FIRST MAJESTIC SILVER - TOTAL PRODUCTION IN 2020 IS ESTIMATED TO RANGE BETWEEN 21.4 TO 22.9 MILLION SILVER EQUIVALENT OUNCES.FIRST MAJESTIC SILVER - ANNUAL CASH COSTS ARE NOW EXPECTED TO BE WITHIN RANGE OF $3.95 TO $4.59 PER OUNCE.FIRST MAJESTIC SILVER CORP - ANNUAL AISC ARE EXPECTED TO BE WITHIN A RANGE OF $12.29 TO $13.45 PER OUNCE.FIRST MAJESTIC SILVER - NOW PLANS TO INVEST A TOTAL OF $131.8 MILLION ON CAPITAL EXPENDITURES IN 2020.  Full Article

First Majestic Acquires Silver Stream On First Mining's Springpole Project
Thursday, 11 Jun 2020 

June 11 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC ACQUIRES SILVER STREAM ON FIRST MINING’S SPRINGPOLE PROJECT.FIRST MAJESTIC SILVER CORP - WILL PAY FIRST MINING TOTAL CONSIDERATION OF $22.5 MILLION IN CASH AND SHARES, OVER THREE PAYMENTS.FIRST MAJESTIC SILVER CORP - WILL MAKE ONGOING CASH PAYMENTS OF 33% OF SILVER SPOT PRICE PER OUNCE FOR ALL PAYABLE SILVER DELIVERED BY SPRINGPOLE.FIRST MAJESTIC SILVER - TO ACQUIRE FROM GOLD CANYON RESOURCES INC, UNIT OF FIRST MINING GOLD CORP.  Full Article

First Majestic Temporarily Postpones The Sale Of Silver And Gold Due To Covid-19
Thursday, 14 May 2020 

May 14 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC REPORTS FIRST QUARTER FINANCIAL RESULTS; TEMPORARILY POSTPONES THE SALE OF SILVER AND GOLD DUE TO COVID-19; ANNOUNCES OPERATIONAL RESTART PROCEDURES.Q1 ADJUSTED EARNINGS PER SHARE $0.04 EXCLUDING ITEMS.Q1 LOSS PER SHARE $0.15.Q1 REVENUE $86.1 MILLION VERSUS $86.8 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.02 -- REFINITIV IBES DATA.EXPECTS TO RELEASE AN UPDATED 2020 PRODUCTION, COST AND CAPITAL INVESTMENTS GUIDANCE IN JULY.DEFERRING A SUBSTANTIAL AMOUNT OF DISCRETIONARY CAPITAL EXPENDITURES INTO 2021 TO MAINTAIN A STRONG BALANCE SHEET.  Full Article

First Majestic Initiates Nafta Arbitration Process Against Mexico
Thursday, 14 May 2020 

May 13 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC SILVER CORP - INITIATES NAFTA ARBITRATION PROCESS AGAINST MEXICO.FIRST MAJESTIC - TAKEN STEPS TO SERVE MEXICO WITH A NOTICE OF INTENT TO SUBMIT A CLAIM UNDER PROVISIONS OF CHAPTER 11 OF NAFTA.FIRST MAJESTIC - INITIATES NAFTA ARBITRATION PROCESS IN ORDER TO FORMALLY REQUIRE MEXICO TO ADDRESS CONDUCT OF SERVICIO DE ADMINISTRACION TRIBUTARIA.  Full Article

First Majestic Produces 6.2 Million Silver Equivalent Ounces In First Quarter
Tuesday, 14 Apr 2020 

April 14 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC PRODUCES 6.2 MILLION SILVER EQUIVALENT OUNCES IN FIRST QUARTER.FIRST MAJESTIC SILVER CORP - TO DATE, FIRST MAJESTIC HAS NOT EXPERIENCED ANY INCIDENTS RELATED TO COVID-19 AT ITS SITES OR CORPORATE OFFICES.FIRST MAJESTIC SILVER- CONSOLIDATED SILVER AND GOLD RECOVERIES AVERAGED 89% AND 96% IN THE FIRST QUARTER.FIRST MAJESTIC SILVER- QTRLY CONSOLIDATED SILVER GRADES REMAINED ON BUDGET AVERAGING 185 G/T COMPARED TO 189 G/T IN THE PREVIOUS QUARTER.FIRST MAJESTIC SILVER- CONSOLIDATED GOLD GRADES IN THE QUARTER AVERAGED 1.74 G/T COMPARED TO 1.71 G/T IN THE PRIOR QUARTER.  Full Article

First Majestic Says Operations At San Dimas, Santa Elena And La Encantada Mines In Mexico Will Be Temporarily Suspended
Saturday, 4 Apr 2020 

April 3 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC PROVIDES UPDATE ON OPERATIONS IN RESPONSE TO COVID-19.FIRST MAJESTIC SILVER CORP - OPERATIONS AT ITS SAN DIMAS, SANTA ELENA AND LA ENCANTADA MINES IN MEXICO WILL BE TEMPORARILY SUSPENDED.FIRST MAJESTIC SILVER - UNABLE TO DETERMINE HOW TEMPORARY SUSPENSION WILL IMPACT PRODUCTION AND THEREFORE WITHDRAWN 2020 PRODUCTION, COST GUIDANCE.  Full Article

First Majestic Proposes To Repurchase Up To 10 Mln Common Shares
Wednesday, 18 Mar 2020 

March 18 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC RENEWS SHARE REPURCHASE PROGRAM.FIRST MAJESTIC SILVER CORP - PROPOSES TO REPURCHASE UP TO 10 MILLION COMMON SHARES OF COMPANY.  Full Article

GR Silver Mining Says Signed Deal With First Majestic To Acquire Plomosas Silver Project
Monday, 2 Mar 2020 

March 2 (Reuters) - GR Silver Mining Ltd ::GR SILVER MINING SIGNS DEFINITIVE AGREEMENT WITH FIRST MAJESTIC FOR THE ACQUISITION OF THE PLOMOSAS SILVER PROJECT.GR SILVER MINING - UPON COMPLETION OF TRANSACTION, CO WILL HOLD 100% OF PLOMOSAS SILVER PROJECT.  Full Article

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Canada's First Majestic taps diplomat to resolve Mexico tax dispute

First Majestic Silver Corp has asked Canada's ambassador to Mexico to intervene in an escalating tax dispute with President Andres Manuel Lopez Obrador's government, the Canadian miner's chief executive said on Friday.