Posted by Francis Koh on 17 Oct 2014

SILVER MINER SUSPENDS SALES: 35% Of Production Due To Low Prices

First Majestic suspended sales of 35% of its Q3 silver production.  This was a significant amount as it was nearly 1 million oz of its 2.7 million oz production that quarter.

First Majestic Silver Producer    Fiirst Majestic Production Table

According to First Majestic’s recent new release:

Tue Oct 14, 2014:
Produces 3.5 Million Silver Eqv. Ounces in Q3; Postpones the Sale of 934K Silver Ounces of Inventory

First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce that total production at its five operating silver mines in Mexico for the third quarter ending September 30, 2014 reached 3,523,536 equivalent ounces of silver, representing a 5% increase compared to the same quarter in 2013.

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