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Pastimes : coug's news and views
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From: coug8/11/2011 7:38:03 PM
   of 3961
 
First Majestic Silver Corp.: Record Earnings of $30.6 million in Second Quarter

Press Release Source: First Majestic Silver Corp. On Thursday August 11, 2011, 1:56 pm EDT

Frankfurt: FMV.F - News)(WKN: A0LHKJ) (the "Company" or "First Majestic") is pleased to announce the unaudited consolidated interim financial results for the Company for the second quarter ending June 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 SECOND QUARTER HIGHLIGHTS 

     --  Cash Flow per share (non-GAAP) of $0.37 representing a 199% increase      from Q2 2010  --  Earnings per share (basic) amounted to $0.30 representing a 150% from Q2      2010  --  Gross Revenue of $68 million showing a 148% increase from Q2 2010  --  Net Earnings after Taxes amounted to $30.6 million, a 179% increase from      Q2 2010  --  Mine Operating Earnings of $46.8 million showing an increase of 270%      from Q2 2010  --  Total Cash Cost were US$8.32 per ounce, up 7% compared to Q2 2010  --  Silver ounces produced increases by 16% to 1,780,379 compared to      1,538,798 ounces in Q2 2010  --  2011 production guidance remains unchanged at 8.0 million ounces of      silver equivalent  --  Fully un-hedged to silver prices as treasury exceeds $105 million          
        
        
        
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   finance.yahoo.com        
      
      
   note to self...I added in the low 20's soon as I perused the report....
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