First Majestic Suspends Jerritt Canyon Mining Activities

There was news out from First Majestic Silver after the close yesterday as they reached the decision to suspend mining activities at their Jerritt Canyon project in Nevada.

The news comes as a result of low mining rates and higher-than-expected costs at the project. First Majestic will continue to process the remaining above-ground ore and proceed with exploration activities, yet suspend the mining activities on the site.

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