In the same category

VanEck Vectors Global Alternative Energy ETF

Published : November 09th, 2011

Earnings Hit $27.8 million in Third Quarter

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Silver Mine |


Earnings Hit $27.8 million in Third Quarter

 

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce the unaudited condensed consolidatedinterim financial results for the Companyfor the third quarter ending September 30, 2011. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in US dollars unless otherwise indicated. All Cash Costs information is now being presented on a payable ounces basis consistent with the recommendations of the Silver Institute. All prior period information has been restated or reclassified for comparative purposes unless otherwise noted.

2011 THIRD QUARTER HIGHLIGHTS

  • Cash Flow per share (non-IFRS) of $0.38 representing a 122% increase from Q3 2010
  • Earnings per share (basic) amounted to $0.27 representing a 146% increase from Q3 2010
  • Adjusted earnings per share (non-IFRS) amounted to $0.30
  • Gross Revenue of $61.4 million showing an88% increase from Q3 2010
  • Net Earnings after Taxes amounted to $27.8 million, a 176% increase from Q3 2010
  • Mine Operating Earnings of $42.5 million showing an increase of 168% from Q3 2010
  • Total Cash Cost was US$8.39 per ounce, up 19% compared to Q3 2010
  • Silver ounces produced decreased by 6% to 1,708,865 compared to 1,823,370 ounces in Q3 2010
  • Fully un-hedged to silver prices as treasury exceeds $106 million


2011 THIRD QUARTER HIGHLIGHTS TABLE

HIGHLIGHTS

Third Quarter 2011

Third Quarter 2010

Change
Year-on-Year

Second Quarter 2011

Change from
Second Quarter
2011

Revenues

$61.4 million

$32.6 million

Up 88%

$68.0 million

Down 10%

Mine Operating Earnings

$42.5 million

$15.9 million

Up 168%

$46.8 million

Down 9%

Net Earnings after Taxes

$27.8 million

$10.1 million

Up 176%

$30.6 million

Down 9%

Cash Flow Per Share before changes in non-cash
working capital

$0.38 per share

$0.17 per share

Up 122%

$0.36 per share

Up 7%

Earnings Per Share - basic

$0.27 per share

$0.11 per share

Up 146%

$0.30 per share

Down 10%

Silver Ounces Produced
(excluding equivalent ounces of gold, zinc and lead)

1,708,865 oz. Ag

1,823,370 oz. Ag

Down 6%

1,780,379 oz. Ag

Down 4%

Payable Silver Ounces Produced

1,655,297 oz. Ag

1,802,172 oz. Ag

Down 8%

1,761,697 oz. Ag

Down 6%

Silver Equivalent Ounces Produced

1,791,770 eq. oz.

1,920,498 eq. oz.

Down 7%

1,843,830 eq. oz.

Down 3%

Total Cash Costs per Ounce

$8.39

$7.03

Up 19%

$8.32

Up 1%

Average Revenue per Payable Equivalent Ounces Sold

$38.83

$19.77

Up 96%

$39.08

Down 1%

Cash and Cash Equivalents (as at September 30)

$106.2 million

$24.8 million

Up 328%

$105.0 million

Up 1%



CORPORATE UPDATE

The newly expanded 1,000 tpd flotation circuit at the La Parrilla Silver Mine commenced operations on September 2, 2011 and was deemed commercial less than 30 days later on October 1, 2011. The expansion of the cyanidation circuit is continuing well with progress now reaching approximately 90% completion. Construction is expected to complete with start-up commencing later in November 2011. The new leaching tanks are now completed and the new counter current thickeners are almost complete pending the installation of the mechanisms. Once fully operational, the older 425 tpdcyanidation circuit will be replaced with this new state-of-art 1,000 tpd circuit expected by the first quarter of 2012. Also, the new 115,000 Kw power line is expected to be completed also in November which is required to run the entire plant.

The La Parrilla expansion once completed, will result in the total mill capacity reaching 2,000 tpd, effectively doubling the previous output of the La Parrilla operation from approximately 1.8 million ounces of silver equivalent produced in 2010 tomore than 3.2 million equivalent ouncesin 2012, consisting of 2.9 million ounces of silver, 6.0 million pounds of lead and 4.3 million pounds of zinc.

The total capital budget for the expansion, including expanded underground development is expected to be $40.5 million when completed. Incremental production, revenues and operating costs associated with the new flotation circuit were capitalized in the quarter ended September 30, 2011. Effective October 1, 2011, all revenues and costs from the flotation circuit will be treated as normal course operations and recorded in the income statement rather than being capitalized as pre-production.A total of 40,592 equivalent ounces of silver were excluded from commercial production during the quarter.

In September 2011, the Company issued a new NI 43-101 Technical Report for the La Parrilla Silver Mine which indicated that the Company's exploration and development efforts have resulted in upgrading a significant portion of the Measured and Indicated Resources to Proven and Probable Reserves. This positive development resulted in the 'Life of Mine' ("LOM") at the La Parrilla being extended from two years to fourteen years.

At the La Encantada Silver Mine, efforts are continuing to focus on increasing recoveries. Three areas of focus include: 1) changing the blend of fresh ore versus old tailings; 2) increasing development to access areas absent of manganese; and 3) metallurgical tests to dissolve the manganese prior to cyanidation. The plan to change the mixture of fresh ore to tailings from the current 1:3(25% fresh ore and 75% tailings) to 5:9(36% fresh ore and 64% tailings) by the end of 2011 is going well. This change requires additional milling capacity which will be supplied by the installation of a third ball mill which arrived during the third quarter and is expected to be commissioned at the end the fourth quarter. Under planned conditions with the revised mix of fresh ore and tailings, this plant should be able to achieve 60% recovery rates, based on 78% recoveries for fresh ore and 50% recoveries for tailings.

In addition to changing the blend, the presence of manganese in areas of the La Encantada mine is well known. In recent quarters, an area within the mine with higher manganese levels has been exploited resulting in lower than budgeted recoveries. As a short term solution, in order to compensate for these lower recoveries, mill throughput was increased to an average of 4,259 tpd in the third quarter. The effect was slightly higher costs due to additional chemical and diesel consumption. As a longer term solution, underground development has been increased to access areas for better blending in the future with ores absent of manganese. A total of 3,200 metres of underground development at La Encantada was completed in the third quarter of 2011 compared to 2,784 metres of development completed in the second quarter of 2011, representing anincrease of 15%.

In addition to these initiatives, the Company is also testing a new sulphuric acid leach process to dissolve the manganese from the ore prior to the cyanidation processing. During the quarter, extensive metallurgical tests were undertaken by two independent labs in the United States and the Company's own lab at the La Encantada operation. The Company retained Hazen Research, Inc. to construct a laboratory pilot plant in order to test and re-confirm internal lab tests. The results of the metallurgic tests show the possibility of improving metallurgical recoveries substantially and are currently being evaluated further to define the economic parameters of adding this additional process. The Company began the construction of a 500 tpd pilot plant at La Encantada during the third quarter to test the SO2 circuit. It is expected that construction will be completed prior to the end of November. The focus of the engineeringstaff working at the pilot plant is to define the optimum SO2 consumption parameters for an economicdesign base for a new 4,000 tpdSO2 circuit.

At the San Martin Silver Mine, installation of a new ball mill, replacing an older and smaller mill was completed in the quarter. Total mill capacity has increased from 900 tpd to 950 tpd allowing for increased silver production and lower costs. In addition, two new induction furnaces and two new filter presses were installed and commissioned in the quarter. These mill improvements which were all completed in the third quarter are expected to have a positive impact on overall production, quality of dor� and total costs.

Ground breaking at the Del Toro Silver Mine, which commenced in April for the construction of the Company's fourth silver mine in Mexico, is progressing well. Two out of the five large pads have been cleared and levelled in preparation for foundation construction. Approximately 80% of the mill equipment has been ordered and is expected to begin arriving on-site during the first quarter of 2012. Re-permitting for a 2,000 tpd operation is currently underway in conjunction with a Preliminary Economic Evaluation which is expected to be released prior to year end. Currently, the permit granted covers only a 1,000 tpd flotation mill, however, due to recent drilling results, a decision was made to build a cyanidation circuit. The mill re-design process is nearing completion resulting in a much larger dual process facility.

A bulk metallurgical test of 5,000 tonnes of ore was conducted at the La Parrilla mill in October to reconfirm metallurgical parameters.Construction of a new three kilometre road was completed during the third quarter allowing for heavy equipment and vehicles to access the mine site bypassing the town of Chalchihuites.A contractor has been assigned to build the water treatment plant and work is expected to be completed by mid-2012. Also, a new power line from the town of Vicente Guerrero and Chalchihuites required for the mine is in the permitting process.

The Company purchased a neighbouring claim called Dolores during the quarter consisting of 12 hectares. The previous owner was shipping high-grade ore to the La Parrilla mill for processing. The total purchase price was US$1.5million. Underground development is currently underway to explore the extension of the known ore body. The Dolores mine will be incorporated into the Del Toro operations.

Initial capital costs, pending changes upon completion of the NI 43-101 Technical Report / Preliminary Economic Evaluationfor the Del Toro Silver Mine, which will include final metallurgical testing and final plant designsis estimated at $43.9 million for 2011 with additional capital required in 2012.

FINANCIAL HIGHLIGHTS

  • The Company generated Revenues of $61.4 million for the third quarter of 2011, an increase of 88% or $28.8 million compared to the third quarter of 2010, and a decrease of $6.6 million or 10% compared to the prior quarter due to slightly lower silver prices and reduced production due primarily to the lower recoveries at the La Encantadamine.
  • Revenues were 88% higher than for the third quarter of 2010 due to the significant increase (96%) in silver prices compared to the prior year, as the Company realized an average silver price of $38.83 (COMEXaverage of $38.78) per payable equivalent ounces, compared to $19.77 in the third quarter of 2010. Revenue in the current quarter excludes $1.4 million of pre-commercial sales receipts from the new flotation circuit at the La Parrilla Silver Mine, which were capitalized as a net reduction against the cost of the plant expansion as it had not achieved commercial production status prior to the end of the quarter.
  • Recognized Mine Operating Earnings of $42.5 million for thethird quarter of 2011 compared to $15.9 million in the third quarter of 2010, an increase of $26.6 million or 168%. The increase reflects the 96% increase in average revenue per ounce of silver sold in the current quarter compared to the same quarter of the prior year and was partially offset by a 7% decreasein silver equivalent ounces produced compared to the third quarter of 2010.
  • The Company generated Net Earnings after Taxes of $27.8 million for the third quarter of 2011 (EPS of $0.27) compared to $10.1 million (EPS of $0.11) in the third quarter of 2010 and net earnings of $30.6 million (EPS of $0.30) in the second quarter of 2011. Net earnings for the quarter include a $1.5 million loss on derivatives, a $0.7 million charge to restructure the collective bargaining agreement at the San Martin Silver Mine during the quarter and excludes gross margin of $1.1 million related to pre-commercial shipments at the La Parrilla Silver Mine. Adjusted EPS (a non-IFRS measure) was $0.30, after removing the loss on derivatives, the restructuring charge for the San Martin collective bargaining agreement and adding back gross margin on pre-commercial shipments.
  • During the third quarter, the Company realized a gain of $4.8 million on its investments in silver futures, and also recognized an unrealized loss on silver futures of $6.3 million. As at quarter end, the Company was carrying a long position on silver futures equivalent to 1.0 million ounces of silver at an average price of US$36.375. Subsequent to the end of the quarter, the long position was increased to 1.25 million ounces at an average price of US$35.80. Management is bullish on silver prices and believes the price of silver will recover sufficiently to erase the unrealized loss. At the date of this MD&A, the $6.3 million unrealized loss on the Company's silver futures position has been reduced to $0.8million.
  • The income tax provision for the third quarter ended September 30, 2011, was reduced to $7.4 million (20.9% effective rate) and $26.9 million (24.7% effective rate) for the year to date period, due to the Company realizing the benefits of effective tax planning.
  • Earned cash flows from operations, prior to working capital changes, of $39.8 million ($0.38 per share) (a non-IFRS measure) for the third quarter of 2011 compared to $16.0 million ($0.17 per share) for the third quarter of 2010, an increase of 122%.
  • Total Cash Cost per ounce (a non-IFRS measure) increased by 1% from $8.32 in the second quarter of 2011 to $8.39, however, the Company's total production costs per tonne decreased 11% to $26.86 per tonne. The increased Cash Cost per ounce is primarily related to an increase in consumables at the La EncantadaSilver Mine.
  • Cash and cash equivalents increased to $106.2 million compared to $41.2 million as at December 31, 2010, and improved working capital to $97.9 million from $46.1 million as at December 31, 2010. At the same time, the Company has invested $60.8 million into its mineral properties, plant and equipment since December 31, 2010.


OUTLOOK FOR 2011

Management wishes to update the Company's production guidance for the year ending December 31, 2011. Due to the major expansion at the La Parrilla operation that's been underway for the past three quarters and the areas within the La Encantada mine currently being exploited with higher manganese content, production levels have been slightly lower than originally anticipated. Even though the La Parrilla construction is coming to an end and production levels are expected to improve and action is being taken at the La Encantada to improve recoveries, management feels it's prudent to revise its previous production guidance for the 2011 fiscal year to 7.6 millionounces of silver equivalents which is anticipated to include 7.3 million ounces of silver and 0.3 million ounces of silver equivalents in the form of lead, zinc, gold and iron. Guidance for 2012 will be released in January 2012.

First Majestic is a producing silver company focused on silver production in M�xico and is aggressively pursuing its business plan of becoming a senior silver producer through the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its aggressive corporate growth objectives.


 

VanEck Vectors Global Alternative Energy ETF

PRODUCER
CODE : FR.TO
ISIN : CA32076R1029
CUSIP : 32076R1029
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

First Majestic is a silver producing company based in Canada.

First Majestic produces silver, gold, lead and zinc in Mexico, and holds various exploration projects in Canada and in Mexico.

Its main assets in production are LA PARRILLA SILVER MINE, LA ENCANTADA (FIRST MAJESTIC SILVER), SAN MARTIN and LA ENCANTADA SILVER MINE in Mexico and its main exploration properties are REAL DE CATORCE, DEL TORO and CUITABOCA in Mexico and PITT ISLAND, PINCOURT, DOMPIERRE and DESJARDINS in Canada.

First Majestic is listed in Canada, in Germany and in United States of America. Its market capitalisation is 465.4 millions as of today (US$ 340.6 millions, € 313.9 millions).

Its stock quote reached its lowest recent point on November 02, 2001 at 0.01, and its highest recent level on May 17, 2024 at 9.99.

First Majestic has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of VanEck Vectors Global Alternative Energy ETF
8/13/2018First Majestic shares hammered after reporting $40 million-l...
1/21/2009Follow up N° 1
Annual reports of VanEck Vectors Global Alternative Energy ETF
Files Form 40-F Annual Report
2008 Annual report
2007 Annual Report
Financings of VanEck Vectors Global Alternative Energy ETF
8/20/2009Tranche of Non-Brokered Private Placement Closes
8/12/2009Non-Brokered Private Placement and Debt Settlement
Nominations of VanEck Vectors Global Alternative Energy ETF
4/4/2014Appoints VP of Technical Services
12/24/2013Announces Retirement of Robert Young from Board of Directors
1/5/2012Appoints Chief Information Officer
12/30/2011Names Douglas Penrose as Chairman
Financials of VanEck Vectors Global Alternative Energy ETF
2/25/2016First Majestic Announces Financial Results for Q4 and Year E...
2/3/2014Fourth Quarter and Year End Financial Results to be Released...
11/12/2013Reports Third Quarter Financial Results
10/31/2013Third Quarter Financial Results to be Released on November 1...
7/15/2013Second Quarter Financial Results to be Released on August 13...
5/15/2013Reports First Quarter Earnings of $26.5 million on Revenues ...
5/7/2013Quarter Financial Results to be Released on May 15th
11/14/2012Earns $24.9M in Third Quarter; Revenues of $63.6M, an Increa...
11/7/2012Third Quarter Financial Results to Be Released on November 1...
8/7/2012Second Quarter Financial Results to be Released on August 14...
5/10/2012Reports Strong Earnings of $26.4M in Q1 2012, Up 10% Compare...
5/4/2012First Quarter Financial Results to Be Released on May 10th
3/5/2012Announces New Record Earnings & Cash Flows for 2011
2/24/2012to Announce Fourth Quarter and Year End 2011 Financial Resul...
10/26/2011Third Quarter Financial Results to be Released on November 9...
8/3/2011Second Quarter Financial Results to be Released on August 11...
5/17/2011Earns a Record $23.9 million in First Quarter of 2011
5/11/2011Quarter Financial Results to Be Released on May 16, 2011-Con...
3/1/20112010 Audited Financial Results show Record Earnings & Cash F...
3/23/2010Year End & Fourth Quarter Financial Results
11/12/2009Record Third Quarter Financial Results
8/14/2009Second Quarter Financial Results
8/15/2008Second Quarter Financial Results
5/16/2008CORRECTION- MISSING TEXT - Record First Quarter Financial Re...
4/18/20082007 Year End Financial Results
Project news of VanEck Vectors Global Alternative Energy ETF
1/14/2014becomes a Senior Silver Producer; Produces 10.64M Ounces of ...
12/4/2013(Del Toro)Dor=E9 Production Commences at the Del Toro SilverMine
4/9/2013(Del Toro)Del Toro Silver Mine Flotation Circuit Deemed Commercial
1/9/2013Achieved Record Production of 2.6M Silver Eqv. Ounces (2.3M ...
9/27/2012Mine Videos - Just Released
1/24/2012(Del Toro)-La Parrilla Mill Expansion to 2,000 tpd Completed: Del Toro...
1/12/2012Achieved Record Production of 1.96M Silver Ounces (2.1M Silv...
10/13/2011(La Parrilla Silver Mine)Announces Q3 Production Results and Commences Commercial Pro...
9/22/2011(La Parrilla Silver Mine)First Stage of Expansion at the La Parrilla Processing Plant...
9/13/2011(La Parrilla Silver Mine)Mill Capacity at La Parrilla to Reach 2,000 tpd Following Po...
3/1/2011(San Martin)2010 Audited Financial Results show Record Earnings & Cash F...
4/8/2010(La Encantada (first Majestic Silver))La Encantada Achieves Commercial Production
11/26/2009(La Encantada (first Majestic Silver))La Encantada Opening Ceremony & Production of First Silver P...
10/13/2009(La Encantada (first Majestic Silver))La Encantada Expansion Nearing Completion
10/6/2009Third Quarter Production Results
2/17/2009(La Parrilla Silver Mine)La Parrilla Silver Mine Updates NI 43-101 Resource
1/20/2009(San Martin)San Martin Updated NI 43-101 Report Increasing Reserves/Reso...
7/17/2008(San Juan Silver Mine)Major Intersection At San Juan Silver Mine Drill Hole Inters...
4/29/20081st Quarter Production Results
4/23/2008(San Martin Silver Mine)Commissioning of Flotation Circuit at the San Martin Silver ...
4/1/2008(La Parrilla Silver Mine)Discovery of New High Grade Ore Shoot on the Vacas Vein at t...
1/8/2008(La Encantada Silver Mine)La Encantada Silver Mine Update and New NI 43-101 Resource
7/2/2007(La Parrilla Silver Mine)La Parilla Technical Report
Corporate news of VanEck Vectors Global Alternative Energy ETF
7/27/2016Coverage Initiated on Silver Stocks First Majestic Silver, S...
7/25/2016Second Quarter Financial Results to be Released on August 10
7/20/2016Here’s Why These Five Stocks Are on the Move on Wednesday
7/12/2016First Majestic Produces 4.7 Million Silver Eqv. Ounces in Se...
1/29/2016Silver Could Spike $10 In A Day In Global Collapse Scenario
11/28/2015How Top Traders Are Shifting Western Asst High Incm Opprtnty...
10/14/2015First Majestic Produces 3.6 Million Silver Eqv. Ounces in Q3...
10/14/2015First Majestic Produces 3.6 Million Silver Eqv. Ounces in Q3...
10/13/2015A Silver Lining in October 2015?
10/2/2015First Majestic Completes Acquisition of Silvercrest
10/1/2015First Majestic Completes Acquisition of SilverCrest
9/25/2015First Majestic and SilverCrest Announce Shareholder Approval...
9/15/2015Leading Independent Advisory Firms ISS and Glass Lewis Recom...
8/27/2015First Majestic and SilverCrest Announce Receipt of Interim O...
8/27/2015First Majestic and SilverCrest Announce Receipt of Interim O...
8/11/2015First Majestic reports 2Q loss
8/11/2015First Majestic Reports Second Quarter Financial Results and ...
8/10/2015Why Earnings Season Could Be Great for First Majestic Silver...
7/30/2015Second Quarter Financial Results to be Released on August 11
7/30/2015First Majestic Silver: Second Quarter Financial Results to B...
7/27/2015First Majestic Announces Friendly Acquisition of Silvercrest...
7/27/2015announces friendly acquisition of Silvercrest Mines
7/9/2015First Majestic Produces 3.8 Million Silver Eqv. Ounces in Q2...
4/23/2015NYSE stocks posting largest percentage decreases
4/23/2015First Quarter Financial Results to be Released on May 7
4/23/2015First Majestic Silver Corp. First Quarter Financial Results ...
4/22/2015First Majestic Silver Corp. Announces Closing of C$30 Millio...
4/20/2015NYSE stocks posting largest percentage decreases
4/13/2015NYSE stocks posting largest percentage decreases
4/13/2015First Majestic Produces 3.9 Million Silver Eqv. Ounces in Q1...
4/9/2015NYSE stocks posting largest percentage decreases
4/6/2015First Majestic Silver Corp. Announces C$30 Million Bought De...
4/6/2015Announces C$30 Million Bought Deal Financing
4/6/2015First Majestic Announces Promotion of Martin Palacios to Chi...
4/6/2015First Majestic Announces Acquisition of Shares of First Mini...
4/1/2015NYSE stocks posting largest percentage increases
4/1/2015First Majestic Updates Mineral Reserve and Resource Estimate...
3/31/2015Announces New La Guitarra NI 43-101 Technical Report
3/31/2015First Majestic Announces New La Guitarra NI 43-101 Technical...
3/11/2015First Majestic Renews Share Repurchase Program
3/11/2015First Majestic Renews Share Repurchase Program
8/22/2014to List on the Mexican Stock Exchange
10/24/2013Appeal Against First Majestic Dismissed
9/30/2013Applies to Dismiss Appeal of Positive Judgment for US$93.84 ...
7/10/2013Produces a New Quarterly Record of 3.27 Million Silver Eqv. ...
7/2/2013Payment of CDN$14.85 million Received in Court Litigation
5/2/2013Announces Completion of La Guitarra's Expansion to 500 tpd
4/26/2013Receives Positive Judgment for US$89.6 in Court Litigation
4/17/2013Earns Socially Responsible Business Distinction Award for Fi...
4/15/2013Produces Another Quarterly Record 2.73 Million Silver Eqv. O...
3/11/2013Announces Share Repurchase Program
2/19/2013Elects Not to Exercise Right to Match Coeur's Offer for Orko
2/14/2013Considering Superior Offer from Coeur to Acquire Orko Silver
1/25/2013(Del Toro)Production Commences at the Del Toro Silver Mine
10/10/2012Produces a Record 2.44 Million Silver Equivalent Ounces in T...
9/26/2012New Look! New Features! First Majestic Bullion Store
9/6/2012Keith Neumeyer's Interview With Minesite.com
8/27/2012Announces Appointment of VP of Exploration
8/21/2012(Del Toro)Updated Del Toro NI 43-101 Technical Report & Final Permit R...
8/16/2012Recognized as a Leader in Corporate Social Responsibility
7/17/2012Produces 2.1 Million Silver Equivalent Ounces in Second Quar...
7/3/2012Completes Acquisition of Silvermex Resources
6/26/2012mex Securityholders Approve Plan of Arrangement With First M...
5/22/2012(Del Toro)Del Toro NI 43-101 Technical Report & Pre-Feasibility Study
4/16/2012First Quarter Production Results and Full Commencement of Co...
4/3/2012Announces Friendly Acquisition of Silvermex Resources
3/30/2012Files Form 40-F Annual Report
10/7/2011Third Quarter Production Results to Be Released on October 1...
8/11/2011Record Earnings of $30.6 million in Second Quarter
7/7/2011Another Record Quarter of Silver Production
4/8/2011Silver Production Up 25%; Reaches 97% Pure Silver and Mainta...
8/16/2010Record Earnings and Cash Flows. Purest Silver Producer with ...
4/22/20102nd Year Running for Mexican Distinction as a "Socially Resp...
4/12/2010Production Increases by 30% to 1,619,403 Equivalent Ounces S...
1/12/2010Production Increases by 18%, Reaches New Record
11/13/2009Completes Acquisition of Normabec Mining Resources; Normabec...
9/14/2009to Acquire Normabec Mining Resources
8/13/2009Joins OTCQX
6/26/2009offering for purchase 0.999 fine 1oz. silver rounds, and 5oz...
3/5/2009Closing of $21.2 Million Offering
11/19/2008Operations Update
9/11/2008Many Positive Developments Underway
7/15/20082nd Quarter Production Shows Continued Ramp-up
3/25/2008Closing of $45,475,000 Offering
1/17/2008Another Record Quarter of Silver Production
12/14/2007TSX Conditional Approval
12/5/2007Update on the Chalchihuites Group of Properties
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (FR.TO)OTHER OTC (FRMSF)
9.81+1.34%
TORONTO
CA$ 9.81
05/24 17:00 0.130
1.34%
Prev close Open
9.68 9.78
Low High
9.67 9.91
Year l/h YTD var.
5.74 -  10.95 22.93%
52 week l/h 52 week var.
5.74 -  10.95 36.63%
Volume 1 month var.
543,158 -%
24hGold TrendPower© : -17
Produces Lead - Silver - Zinc
Develops
Explores for Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202420.66%9.9910.04
2023-27.93%9.9510.07
2022-23.32%9.9610.00
2021-13.88%30.7512.74
20209.63%9.8610.08
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
VanEck Vectors Global Alternative Energy ETF profile | VanEck Vectors Global Alternative Energy ETF news | VanEck Vectors Global Alternative Energy ETF market Indicators | VanEck Vectors Global Alternative Energy ETF projects and resources | VanEck Vectors Global Alternative Energy ETF valuation | Go to VanEck Vectors Global Alternative Energy ETF properties | VanEck Vectors Global Alternative Energy ETF corporate presentation | VanEck Vectors Global Alternative Energy ETF annual report | VanEck Vectors Global Alternative Energy ETF management | VanEck Vectors Global Alternative Energy ETF interactive charts | VanEck Vectors Global Alternative Energy ETF free charts | VanEck Vectors Global Alternative Energy ETF TORONTO | VanEck Vectors Global Alternative Energy ETF OTHER OTC | VanEck Vectors Global Alternative Energy ETF FRANKFURT
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.