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News Article | May 4, 2017
Site: globenewswire.com

NEW YORK, TORONTO, FRANKFURT, Germany and MEXICO CITY, May 04, 2017 (GLOBE NEWSWIRE) -- FIRST MAJESTIC SILVER CORP. (NYSE:AG) (TSX:FR) (the "Company" or “First Majestic”) is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31, 2017. 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 amounts are in U.S. dollars unless stated otherwise. “Lower all-in sustaining costs and higher realized silver prices drove strong earnings and cash flows during the first quarter,” stated Keith Neumeyer, President and CEO of First Majestic. “We achieved our cost targets during the quarter due in part to higher by-product production at San Martin and the weaker Mexican Peso which helped to offset the unexpected increase in energy costs at the beginning of 2017. Over the remainder of the year, we anticipate gradual production improvements as exploration and development activities accelerate and additional mining levels are brought into production.” The Company realized an average silver price of $17.55 per ounce during the first quarter of 2017, representing a 16% increase compared with the first quarter of 2016 and a 3% increase compared to $17.10 in the prior quarter. Revenues generated in the first quarter totaled $69.1 million, an increase of $2.6 million or 4% compared to $66.5 million in the first quarter of 2016. The increase in revenue was primarily due to a 16% increase in average realized silver price, partially offset by 15% decrease in silver equivalent ounces sold. Mine operating earnings were $10.0 million in the quarter compared to $9.4 million in the first quarter of 2016. The increase in mine operating earnings was driven by higher silver prices. Cash flow from operations before movements in working capital and income taxes in the quarter was $26.6 million ($0.16 per share) compared to $25.0 million ($0.16 per share) in the first quarter of 2016. The Company generated net earnings of $2.7 million (EPS of $0.02) in the first quarter compared to net loss of $7.4 million (loss per share of $0.05) in the first quarter of 2016. Excluding all non-cash and non-recurring items, the Company generated adjusted earnings of $3.7 million ($0.02 per share) during the quarter. The Company held $127.6 million in cash and cash equivalents at the end of the quarter, reflecting a 1% decrease compared to the prior quarter. The Company’s working capital position increased 5% to $136.8 million compared to $130.6 million at the end of the prior quarter. The table below represents the quarterly operating and cost parameters at each of the Company’s six producing silver mines. Production in the quarter totalled 4.3 million silver equivalent ounces consisting of 2.7 million ounces of silver, 15,047 ounces of gold, 7.5 million pounds of lead and 0.9 million pounds of zinc. Compared to the previous quarter, total production decreased by 3% primarily attributed to a 3% decrease in tonnes milled due to a breakdown of one of the four power generators at Santa Elena causing a temporary reduction in the mill feed from the heap leach pad in the month of February. The generator was successfully replaced in late February allowing the heap leach pad to return to normal operations in March. Cash costs for the quarter were $6.68 per payable ounce of silver, representing a 3% increase compared to the prior quarter. The increase in cash cost per ounce was primarily due to higher energy costs attributed to Mexico's Energy Reforms, which first became law in August 2014, and the resulting gas deregulation effective January 2017 causing reduction in energy subsidies. Since the beginning of the year, diesel and electricity costs have increased by approximately 20% to 30%. Cash cost per ounce was also affected by lower silver production in the quarter. Consolidated AISC for the quarter were $12.21 per ounce, representing a 5% decrease compared to the previous quarter and within the Company’s annual cost guidance of $11.96 to $12.88 per ounce. The decrease in AISC was primarily attributed to a decrease in sustaining capital expenditures due to a slower than expected initiation of exploration and development activities at the beginning of the year. Sustaining costs are expected to increase in the next quarter to meet program targets for 2017. Total capital expenditures in the first quarter were $19.1 million, a decrease of 26% compared to the prior quarter, primarily consisting of $6.0 million at Santa Elena, $2.4 million at La Encantada, $2.9 million at La Parrilla, $1.8 million at Del Toro, $2.2 million at San Martin and $3.0 million at La Guitarra. The decrease in capital expenditures is the result of limited exploration and development activities in January due to a delayed start in negotiating annual land access agreements. However, exploration and development activities are expected to accelerate in the second quarter to meet annual budget targets by year end.    ABOUT FIRST MAJESTIC First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates six producing silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, Del Toro Silver Mine and the Santa Elena Silver/Gold Mine. Production from these six mines is projected to be between 11.1 to 12.4 million ounces of pure silver or 16.6 to 18.5 million ounces of silver equivalents in 2017. FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807. SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral reserve and resource estimates and estimates of future production and costs of production at our properties; estimated production rates for silver and other payable metals produced by us, the estimated cost of development of our development projects; the effects of laws, regulations and government policies on our operations, including, without limitation, the laws in Mexico which currently have significant restrictions related to mining; obtaining or maintaining necessary permits, licences and approvals from government authorities; and continued access to necessary infrastructure, including, without limitation, access to power, land, water and roads to carry on activities as planned. These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency markets (such as the Canadian dollar and Mexican peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada, Mexico; operating or technical difficulties in connection with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Mexico; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; diminishing quantities or grades of mineral reserves as properties are mined; the Company’s title to properties; and the factors identified under the caption “Risk Factors” in the Company’s Annual Information Form, under the caption “Risks Relating to First Majestic's Business”. Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.


News Article | July 11, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, July 11, 2017 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (NYSE:AG) (TSX:FR) ("First Majestic" or the "Company") announces total production in the second quarter of 2017 from its six operating silver mines reached 3.9 million equivalent ounces of silver. Total production consisted of 2.3 million ounces of silver, 15,186 ounces of gold, 7.6 million pounds of lead and 0.9 million pounds of zinc. “During the quarter, silver production was impacted by unusual efforts by unionized workers to illegally disrupt mining activities which caused minor stoppages at La Parrilla, Santa Elena and a more serious stoppage at our La Encantada operation,” said Keith Neumeyer, President & CEO. “Pointing to a specific cause is difficult – whether due to higher gasoline prices or higher taxes in Mexico – but worker dissatisfaction among union employees throughout the Mexican mining industry is at the highest levels witnessed in the Company’s fifteen year history.” Mr. Neumeyer continued, “I am, however, pleased that our actions to clear the three blockades and resume mining activities were successful. The National Union and Confederation of Mexican Workers Union were both supportive of the actions taken by the Company which are expected to lead to improvements in productivity at each of the operations in the coming quarters. We anticipate production to be back on track in the third quarter and will work to recoup lost tonnage over the remainder of 2017. It is important to note that the construction of the new roaster at La Encantada was unaffected by the work stoppage and remains on schedule to be completed in early 2018.” Total ore processed during the quarter at the Company's six operating silver mines: Santa Elena, La Encantada, La Parrilla, Del Toro, San Martin and La Guitarra, amounted to 691,833 tonnes representing a 16% decrease compared to the previous quarter. The decrease was primarily due to three illegal blockades in the quarter which amounted to four days at La Parrilla, two days at Santa Elena and 42 days at La Encantada. Silver grades in the quarter averaged 130 g/t compared to 136 g/t in the previous quarter. Silver grades remain under budget primarily due to lower than expected grades at Santa Elena, La Encantada and La Parrilla. Combined silver recoveries averaged 79%, up 5% compared to the previous quarter’s average of 75%. The increase in silver recoveries was primarily due to the lower throughput rates and lower manganese grades at La Encantada. The Company's underground development in the second quarter consisted of 15,121 metres, reflecting an 11% increase compared to 13,571 metres completed in the previous quarter. Development focused on opening new production areas, exploring high potential zones and new stope preparation. As of June 30, 2017, the Company had completed approximately 38% of the 74,850 metres of underground development budgeted for 2017. During the quarter, a total of 17 diamond drill rigs were active across the Company’s properties consisting of 16 rigs at the six producing mines and one rig at the Plomosas Silver Project. A total of 29,070 metres in 164 drill holes were completed on the seven properties. As of June 30, 2017, the Company had completed approximately 32% of the 183,000 metres of exploration drilling budgeted for 2017. The Company is planning to increase the rig count to 25 rigs in the second half of 2017 in order to achieve program targets. *Certain amounts shown may not add exactly to the total amount due to rounding differences. *The following prices were used in the calculation of silver equivalent ounces: Silver: $17.21 per ounce; Gold: $1,257 per ounce; Lead: $0.98 per pound; Zinc: $1.18 per pound. The Company is planning to release its second quarter 2017 unaudited financial results on Thursday, August 3, 2017. Furthermore, the Company will be holding a conference call and webcast on Friday, August 4, 2017 at 10 am PDT (1 pm EDT). To participate in the conference call, please dial the following: Participants should dial in 10 minutes prior to the conference. Click on WEBCAST on the First Majestic homepage as a simultaneous audio webcast of the conference call will be posted at www.firstmajestic.com. The conference call will be recorded and you can listen to an archive of the conference by calling: The replay will be available approximately one hour after the conference and will available for 7 days following the conference.  The replay will also be available on the Company’s website for one month. First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates six producing silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, Del Toro Silver Mine and the Santa Elena Silver/Gold Mine. Production from these six mines is projected to be between 11.1 to 12.4 million ounces of pure silver or 16.6 to 18.5 million ounces of silver equivalents in 2017. FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807. This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of First Majestic Silver Corp.  Forward-looking statements include, but are not limited to, statements with respect to the future price of silver and other metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage.  Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".  Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of First Majestic Silver Corp. to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in First Majestic Silver Corp.'s Annual Information Form for the year ended December 31, 2016, available on www.sedar.com, and Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C.  Although First Majestic Silver Corp. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements.  First Majestic Silver Corp. does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.


— Majestic Builders has today updated its online portfolio with the latest generation of completed work. This work is among some of the company’s most ambitious to date. Known for creating stunning exterior patio awnings and decking, the company has recently undertaken whole home remodels to transform the interior design of the home, maximizing its equity and the enjoyment of the space by its owners. The new online portfolio demonstrates, using before and after image galleries, how spaces have been transformed in accordance with the homeowners’ needs. They demonstrate the company’s expertise in design and build, optimizing the use of available space according to the latest design best practices. All of the images are high quality and rich in detail, allowing individuals to see the materials used and take inspiration from them. The photos also help potential customers get an accurate impression of the quality of construction and finishing that Majestic Builders Redding are renowned for. This latest set of completed projects benefit not just local homeowners but the local economy as a whole, driving up home equity while providing the best possible space to enjoy. The gallery has been updated to inspire more Redding homeowners to see the possibilities for their own home. A spokesperson for Majestic Builders Redding explained, “We are pleased to have completed these projects. We take pride in our work, so we wanted to share the transformative results with people through our Projects portfolio. The work we have undertaken has been some of our most ambitious ever. Even after 36 years in the business, we are still pushing ourselves and striving for excellence, keeping up with the latest design evolutions to create the best external and internal living spaces. We hope this portfolio inspires more people than ever to get in touch to discuss how they could maximize the potential of their home.” About Majestic Builders Redding: Majestic Builders Redding: With over 36 years’ experience, Majestic Builders Redding are committed to increasing the value of local homes by creating renovations, remodels and extensions that transform the experience of the home. Their experienced team of builders are dedicated to their craft and to their clients’ satisfaction, they are committed to their local area, increasing property values, and strengthening the community. For more information, please visit http://majesticbuildersredding.com/


News Article | May 26, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, May 26, 2017 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (“First Majestic” or the “Company”) is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 25, 2017. A total of 81,472,101 shares were represented at the meeting, being 49.36% of the Company’s issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting and the election of directors was approved by a majority vote of shareholders present in person or represented by proxy as follows: The advisory resolution on the Company’s approach to executive compensation as outlined in the Circular was approved by a majority vote of shareholders present in person or represented by proxy as follows: In addition, the Company reports the re-appointment of Deloitte LLP as auditors for the Company and the amended and restated stock option plan were both approved by the affirmative vote of a majority of the votes represented at the Meeting. The Company also announced that Tony Pezzotti is retiring from the Board of Directors. Mr. Pezzotti, a director of the Company since 2001, decided to retire to devote more time to his family and other personal responsibilities.  “Having been a director of First Majestic since its infancy, I take tremendous pride in what the Company has achieved over the past 16 years and in having worked with such a talented and dynamic group of individuals towards building a world-class silver mining company,” said Mr. Pezzotti. “I’d like to thank the board, senior management and the entire First Majestic team for their dedication over the years and wish them every success in all their future endeavors.” “We thank Tony for his long-term contribution to First Majestic and wish him all the best,” said Keith Neumeyer, CEO and President of First Majestic. First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates six producing silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, Del Toro Silver Mine and the Santa Elena Silver/Gold Mine. Production from these six mines is projected to be between 11.1 to 12.4 million ounces of pure silver or 16.6 to 18.5 million ounces of silver equivalents in 2017. FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807. SPECIAL NOTE REGARDING FORWARD‐LOOKING INFORMATION This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral reserve and resource estimates and estimates of future production and costs of production at our properties; estimated production rates for silver and other payable metals produced by us, the estimated cost of development of our development projects; the effects of laws, regulations and government policies on our operations, including, without limitation, the laws in Mexico which currently have significant restrictions related to mining; obtaining or maintaining necessary permits, licences and approvals from government authorities; and continued access to necessary infrastructure, including, without limitation, access to power, land, water and roads to carry on activities as planned. These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency markets (such as the Canadian dollar and Mexican peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada, Mexico; operating or technical difficulties in connection with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Mexico; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; diminishing quantities or grades of mineral reserves as properties are mined; the Company’s title to properties; and the factors identified under the caption “Risk Factors” in the Company’s Annual Information Form, under the caption “Risks Relating to First Majestic's Business”. Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.


News Article | May 26, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, May 26, 2017 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (“First Majestic” or the “Company”) is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 25, 2017. A total of 81,472,101 shares were represented at the meeting, being 49.36% of the Company’s issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting and the election of directors was approved by a majority vote of shareholders present in person or represented by proxy as follows: The advisory resolution on the Company’s approach to executive compensation as outlined in the Circular was approved by a majority vote of shareholders present in person or represented by proxy as follows: In addition, the Company reports the re-appointment of Deloitte LLP as auditors for the Company and the amended and restated stock option plan were both approved by the affirmative vote of a majority of the votes represented at the Meeting. The Company also announced that Tony Pezzotti is retiring from the Board of Directors. Mr. Pezzotti, a director of the Company since 2001, decided to retire to devote more time to his family and other personal responsibilities.  “Having been a director of First Majestic since its infancy, I take tremendous pride in what the Company has achieved over the past 16 years and in having worked with such a talented and dynamic group of individuals towards building a world-class silver mining company,” said Mr. Pezzotti. “I’d like to thank the board, senior management and the entire First Majestic team for their dedication over the years and wish them every success in all their future endeavors.” “We thank Tony for his long-term contribution to First Majestic and wish him all the best,” said Keith Neumeyer, CEO and President of First Majestic. First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates six producing silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, Del Toro Silver Mine and the Santa Elena Silver/Gold Mine. Production from these six mines is projected to be between 11.1 to 12.4 million ounces of pure silver or 16.6 to 18.5 million ounces of silver equivalents in 2017. FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807. SPECIAL NOTE REGARDING FORWARD‐LOOKING INFORMATION This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral reserve and resource estimates and estimates of future production and costs of production at our properties; estimated production rates for silver and other payable metals produced by us, the estimated cost of development of our development projects; the effects of laws, regulations and government policies on our operations, including, without limitation, the laws in Mexico which currently have significant restrictions related to mining; obtaining or maintaining necessary permits, licences and approvals from government authorities; and continued access to necessary infrastructure, including, without limitation, access to power, land, water and roads to carry on activities as planned. These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency markets (such as the Canadian dollar and Mexican peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada, Mexico; operating or technical difficulties in connection with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Mexico; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; diminishing quantities or grades of mineral reserves as properties are mined; the Company’s title to properties; and the factors identified under the caption “Risk Factors” in the Company’s Annual Information Form, under the caption “Risks Relating to First Majestic's Business”. Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.


News Article | May 26, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, May 26, 2017 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (“First Majestic” or the “Company”) is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 25, 2017. A total of 81,472,101 shares were represented at the meeting, being 49.36% of the Company’s issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting and the election of directors was approved by a majority vote of shareholders present in person or represented by proxy as follows: The advisory resolution on the Company’s approach to executive compensation as outlined in the Circular was approved by a majority vote of shareholders present in person or represented by proxy as follows: In addition, the Company reports the re-appointment of Deloitte LLP as auditors for the Company and the amended and restated stock option plan were both approved by the affirmative vote of a majority of the votes represented at the Meeting. The Company also announced that Tony Pezzotti is retiring from the Board of Directors. Mr. Pezzotti, a director of the Company since 2001, decided to retire to devote more time to his family and other personal responsibilities.  “Having been a director of First Majestic since its infancy, I take tremendous pride in what the Company has achieved over the past 16 years and in having worked with such a talented and dynamic group of individuals towards building a world-class silver mining company,” said Mr. Pezzotti. “I’d like to thank the board, senior management and the entire First Majestic team for their dedication over the years and wish them every success in all their future endeavors.” “We thank Tony for his long-term contribution to First Majestic and wish him all the best,” said Keith Neumeyer, CEO and President of First Majestic. First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates six producing silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra Silver Mine, Del Toro Silver Mine and the Santa Elena Silver/Gold Mine. Production from these six mines is projected to be between 11.1 to 12.4 million ounces of pure silver or 16.6 to 18.5 million ounces of silver equivalents in 2017. FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807. SPECIAL NOTE REGARDING FORWARD‐LOOKING INFORMATION This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral reserve and resource estimates and estimates of future production and costs of production at our properties; estimated production rates for silver and other payable metals produced by us, the estimated cost of development of our development projects; the effects of laws, regulations and government policies on our operations, including, without limitation, the laws in Mexico which currently have significant restrictions related to mining; obtaining or maintaining necessary permits, licences and approvals from government authorities; and continued access to necessary infrastructure, including, without limitation, access to power, land, water and roads to carry on activities as planned. These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency markets (such as the Canadian dollar and Mexican peso versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada, Mexico; operating or technical difficulties in connection with mining or development activities; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Mexico; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; diminishing quantities or grades of mineral reserves as properties are mined; the Company’s title to properties; and the factors identified under the caption “Risk Factors” in the Company’s Annual Information Form, under the caption “Risks Relating to First Majestic's Business”. Investors are cautioned against attributing undue certainty to forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.


A system for determining whether a website is an illegitimate website, the system comprising: a requester module configured to request one or more rules from a host server for a website and to receive a response from the host server in response to a request; an analysis module configured to determine whether a response or lack of a response received by the requester module indicates that the website is an illegitimate website; and a record module configured to store an indication that the website is an illegitimate website, wherein the one or more rules provide one or more instructions to a robot computer program regarding access of the website by the robot computer program.


A system for determining whether a website is an illegitimate website, the system comprising: a requester module configured to request one or more rules from a host server for a website and to receive a response from the host server in response to a request; an analysis module configured to determine whether a response or lack of a response received by the requester module indicates that the website is an illegitimate website; and a record module configured to store an indication that the website is an illegitimate website, wherein the one or more rules provide one or more instructions to a robot computer program regarding access of the website by the robot computer program.


Patent
Majestic | Date: 2015-11-04

A system for the categorisation of interlinked information items, the system comprising: a trust flow module which is configured to receive a seed trust list of one or more first information items, the seed trust list associating the one or more first information items with one or more categories; and a trust flow module configured to: associate a respective trust value with each of the one or more categories for the one or more first information items; and iteratively pass at least part of the or each trust value to one or more further information items to generate, for each of the one or more further information items, at least one accumulated trust value associated with a category of the one or more categories, such that the one or more further information items can be categorised based on the at least one accumulated trust value and associated category.


Patent
Majestic | Date: 2014-11-26

A system for the categorisation of interlinked information items, the system comprising: a trust flow module which is configured to receive a seed trust list of one or more first information items, the seed trust list associating the one or more first information items with one or more categories; and a trust flow module configured to: associate a respective trust value with each of the one or more categories for the one or more first information items; and iteratively pass at least part of the or each trust value to one or more further information items to generate, for each of the one or more further information items, at least one accumulated trust value associated with a category of the one or more categories, such that the one or more further information items can be categorised based on the at least one accumulated trust value and associated category.

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