First Majestic Updates 2019 Mineral Reserve and Resource Estimates
First Majestic Silver Corp. Ordinary Shares (Canada) (AG)
Last first majestic silver corp. ordinary shares (canada) earnings: 2/19 07:00 am
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Source: GlobeNewswire
VANCOUVER, British Columbia, March 30, 2020 (GLOBE NEWSWIRE) -- FIRST MAJESTIC SILVER CORP. (the "Company" or “First Majestic”) is pleased to announce its updated Mineral Reserve and Resource estimates for the San Dimas, Santa Elena and La Encantada producing mines as well as its existing non-material mineral assets in Mexico with an effective date of December 31, 2019. Proven and Probable Mineral Reserves (“P&P”) at the Company’s three producing silver mines totaled 85.1 million ounces of silver and 733,000 ounces of gold, or 146.5 million silver equivalent ounces, representing a 4% decrease compared to previous estimates Consolidated P&P grades increased by 6% to 320 AgEq g/t (186 g/t silver and 1.6 g/t gold)Excluded 16.6 million silver equivalent ounces from Mineral Reserves as a result of placing the San Martin, La Parrilla and Del Toro operations on temporary suspension Measured and Indicated Mineral Resources (“M&I”) for the Company’s seven properties increased b
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