Loading ...SECOND QUARTER 2018 HIGHLIGHTS
•Record silver equivalent production of 5.1 million ounces, a 32% increase compared to Q1 2018
•Silver production of 2.8 million ounces, a 27% increase compared to Q1 2018
•Revenues of $79.7 million, a 36% increase compared to Q1 2018
•Mine operating earnings of ($2.3) million
•Cash flow per share was $0.08 per share (non-GAAP)
•Cash costs were $7.59 per payable silver ounce (net of by-product credits), a 3% decrease compared to Q1 2018
•All-in sustaining costs (“AISC”) were $16.43 per payable silver ounce, a 3% increase compared to Q1 2018
•Realized average silver price of $16.74 per ounce, relatively consistent with the prior quarter
•Recorded an impairment charge due to placing the La Guitarra mine on care and maintenance of $31.7 million, or $20.5 million net of tax
•Adjusted net loss of $11.8 million (adjusted loss per share of $0.07)
•Invested $26.6 million on capital expenditures
•Ended the quarter with $109.2 million in cash and cash equivalents
https://www.firstmajestic.com/news/2018/index.php?content_id=385