First Majestic Silver releases 3rd quarter earnings

First Majestic Silver released its 3rd quarter earnings this morning, which came in at a loss of 9 cents per share.

Key factors were the lower gold and silver prices, as well as a 14-day maintenance shutdown at Jerritt Canyon in September. Although offsetting this going forward is the 4th quarter ramp-up in production at Jerritt, which is excepted to bring costs down substantially at the project.

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