First Majestic Silver Reports US$40-million Loss in Q2

By |2018-08-14T04:17:02+00:00August 14th, 2018|Coin Shop Blog|Comments Off on First Majestic Silver Reports US$40-million Loss in Q2

First Majestic Silver's (TSX:FR,NYSE:AG) second-quarter results show a US$40-million loss compared to a profit this time last year. The news drove shares down by almost 15 percent. The Canadian miner reported a loss of 22 cents on a per-share basis. In terms of one-time gains and costs, losses were 7 cents per share and all-in sustaining costs (AISC) were US$16.43 per payable silver ounce, which is a 3-percent increase quarter-on-quarter. “Looking ahead to the second half of 2018, we expect higher operating margins along with a significant reduction in our consolidated AISC to between US$13.28 to US$14.84 per ounce,” stated [...]