First Majestic Silver (NYSE:AG) (TSX:FR)(First Majestic or the Company) reports an accident occurred at its La Encantada Silver Mine in the state of Coahuila, Mexico.

The accident occurred as part of the construction of the 790 ramp at the La Encantada mine. A total of four miners lost their lives due to gas intoxication which accumulated in the area. There was no explosion as other media sources have reported.

It is believed the operator of a scoop tram lost consciousness while mucking the area. Three additional miners later arrived to the scene to provide assistance to the ill miner. The four men were carrying all required personal protection equipment, including safety belt breathing apparatuses, but sadly did not use the equipment. The emergency response crew was dispatched and successfully extracted the four miners before transporting them to the local hospital where they were later pronounced deceased.

Keith Neumeyer, President and Chief Executive Officer, said:

Our thoughts and prayers are with the families during this tragic time. Safety is a top priority at First Majestic and we will continue to work to prevent such accidents from occurring.

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