First Majestic Silver Corp. (TSX:FR,NYSE:AG) announced its Q4 2015 results, as well as its results for the full year, commenting that it achieved record annual production of 16,086,272 silver equivalent ounces. That\’s up 5 percent from the previous year.
As quoted in the press release:
The equivalent silver production for 2015 consisted of 11,142,109 ounces of silver, 25,467 ounces of gold, 40,149,170 pounds of lead and 17,524,223 pounds of zinc.
Total production in the fourth quarter also reached a new quarterly record of 4,820,408 equivalent ounces of silver consisting of 3,055,442 ounces of silver, 14,534 ounces of gold, 9,040,601 pounds of lead and 4,227,296 pounds of zinc.
Keith Neumeyer, president and CEO of First Majestic, commented:
Our production results for the fourth quarter marked a strong finish to 2015 and were consistent with expectations. Despite some minor production decreases in our effort to produce profitable ounces in this distressed market, we still pulled off a record quarter and another record year. Our transformational strategy for reducing costs and improving operational procedures is working, and along with Santa Elena’s successful integration, I feel that we have truly turned a corner in this challenging market.
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