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BRIEF-First Majestic Announces 2020 Production And Cost Guidance

Published 2020-01-21, 07:21 a/m
Updated 2020-01-21, 09:15 a/m
BRIEF-First Majestic Announces 2020 Production And Cost Guidance

Jan 21 (Reuters) - First Majestic Silver Corp FR.TO :

* FIRST MAJESTIC ANNOUNCES 2020 PRODUCTION AND COST GUIDANCE

* FIRST MAJESTIC SILVER CORP - EXPECTS 2020 SILVER PRODUCTION TO RANGE BETWEEN 11.8 TO 13.2 MILLION OUNCES

* FIRST MAJESTIC SILVER CORP - TOTAL 2020 PRODUCTION (INCLUDING GOLD BY-PRODUCTS) BETWEEN 21.5 TO 24.0 MILLION SILVER EQUIVALENT OUNCES

* FIRST MAJESTIC SILVER CORP - SAN MARTIN AND LA PARRILLA MINES ARE EXPECTED TO REMAIN SUSPENDED THROUGHOUT 2020

* FIRST MAJESTIC SILVER CORP - DEL TORO MINE IS BEING WOUND DOWN WITH NO PRODUCTION IN 2020

* FIRST MAJESTIC SILVER CORP - PLANS TO INCREASE PRODUCTION AT SAN DIMAS BY RESTARTING MINING OPERATIONS AT PAST-PRODUCING TAYOLTITA MINE BY END OF Q1

* FIRST MAJESTIC - CONTINUES TO WORK WITH AUTHORITIES TO SECURE SAN MARTIN MINE AREA BUT THERE IS NO INDICATION OF WHEN RESTART OF OPERATION MIGHT OCCUR

* FIRST MAJESTIC SILVER - PROJECTING 2020 AISC, TO BE WITHIN RANGE OF $13.37 TO $15.46 ON A PER CONSOLIDATED PAYABLE SILVER OUNCE BASIS

* FIRST MAJESTIC SILVER - EXCLUDING NON-CASH ITEMS, ANTICIPATES 2020 AISC TO BE WITHIN A RANGE OF $12.54 TO $14.53 PER PAYABLE SILVER OUNCE

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