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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash-to-Debt 2.48
NYSE:AG's Cash-to-Debt is ranked higher than
54% of the 1545 Companies
in the Global Silver industry.

( Industry Median: 291.20 vs. NYSE:AG: 2.48 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:AG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9  Med: 5.01 Max: No Debt
Current: 2.48
Equity-to-Asset 0.73
NYSE:AG's Equity-to-Asset is ranked lower than
99.99% of the 724 Companies
in the Global Silver industry.

( Industry Median: 0.60 vs. NYSE:AG: 0.73 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:AG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48  Med: 0.73 Max: 0.93
Current: 0.73
0.48
0.93
Interest Coverage 139.96
NYSE:AG's Interest Coverage is ranked lower than
86% of the 1021 Companies
in the Global Silver industry.

( Industry Median: 10000.00 vs. NYSE:AG: 139.96 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:AG' s Interest Coverage Range Over the Past 10 Years
Min: 2.13  Med: 29.6 Max: 139.96
Current: 139.96
2.13
139.96
Piotroski F-Score: 6
Altman Z-Score: 3.99
Beneish M-Score: -83.66
WACC vs ROIC
20.79%
-4.13%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 10.14
NYSE:AG's Operating Margin % is ranked higher than
72% of the 743 Companies
in the Global Silver industry.

( Industry Median: 1.28 vs. NYSE:AG: 10.14 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:AG' s Operating Margin % Range Over the Past 10 Years
Min: -54.87  Med: 8.28 Max: 56.95
Current: 10.14
-54.87
56.95
Net Margin % 3.04
NYSE:AG's Net Margin % is ranked higher than
62% of the 746 Companies
in the Global Silver industry.

( Industry Median: 0.29 vs. NYSE:AG: 3.04 )
Ranked among companies with meaningful Net Margin % only.
NYSE:AG' s Net Margin % Range Over the Past 10 Years
Min: -49.41  Med: -4.26 Max: 42.19
Current: 3.04
-49.41
42.19
ROE % 1.81
NYSE:AG's ROE % is ranked higher than
75% of the 1395 Companies
in the Global Silver industry.

( Industry Median: -10.31 vs. NYSE:AG: 1.81 )
Ranked among companies with meaningful ROE % only.
NYSE:AG' s ROE % Range Over the Past 10 Years
Min: -22.07  Med: -1.11 Max: 37.07
Current: 1.81
-22.07
37.07
ROA % 1.27
NYSE:AG's ROA % is ranked higher than
77% of the 1566 Companies
in the Global Silver industry.

( Industry Median: -9.58 vs. NYSE:AG: 1.27 )
Ranked among companies with meaningful ROA % only.
NYSE:AG' s ROA % Range Over the Past 10 Years
Min: -15.08  Med: -0.72 Max: 29.72
Current: 1.27
-15.08
29.72
ROC (Joel Greenblatt) % 4.17
NYSE:AG's ROC (Joel Greenblatt) % is ranked higher than
77% of the 1487 Companies
in the Global Silver industry.

( Industry Median: -13.76 vs. NYSE:AG: 4.17 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:AG' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.57  Med: 3.32 Max: 54.9
Current: 4.17
-19.57
54.9
3-Year Revenue Growth Rate -0.40
NYSE:AG's 3-Year Revenue Growth Rate is ranked higher than
66% of the 624 Companies
in the Global Silver industry.

( Industry Median: -3.70 vs. NYSE:AG: -0.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:AG' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 2.4 Max: 146.5
Current: -0.4
0
146.5
3-Year EBITDA Growth Rate 10.00
NYSE:AG's 3-Year EBITDA Growth Rate is ranked lower than
99.99% of the 1105 Companies
in the Global Silver industry.

( Industry Median: -18.10 vs. NYSE:AG: 10.00 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:AG' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 6.5  Med: 72.35 Max: 494.8
Current: 10
6.5
494.8
GuruFocus has detected 3 Warning Signs with First Majestic Silver Corp $NYSE:AG.
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Business Description

Industry: Metals & Mining » Silver    NAICS: 212222    SIC: 614
Compare:NAS:SSRI, NYSE:CDE, AMEX:MAG, NYSE:FSM, NYSE:HL, OTCPK:SVMLF, NYSE:EXK, NYSE:TAHO, NAS:PAAS, OTCPK:MISVF, OTCPK:SLVRF, OTCPK:MLYCF, OTCPK:SZSMF, OTCPK:DOLLF, OTCPK:SVROF, OTCPK:CMCXF, OTCPK:TUMIF, OTCPK:ASLRF, NYSE:SLW » details
Traded in other countries:FR.Canada, FMV.Germany, FMS.Switzerland, 0QYC.UK,
Headquarter Location:Canada
First Majestic Silver Corp is engaged in the silver production, development, exploration, & acquisition of mineral properties. Its projects include La Encantada Silver Mine, La Parrilla Silver Mine & La Luz Silver Project.

First Majestic Silver Corp is engaged in silver production, development, exploration, and acquisition of mineral properties in Mexico. Its owned portfolio of properties includes the Santa Elena Silver/Gold Mine, La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine and the La Guitarra Silver Mine. Its major products include precious metals dore and precious and base metals concentrates which are refined or smelted into pure silver, gold, lead and zinc and sold to global metal brokers. The company has eight reporting segments including six operating segments located in Mexico, one retail market segment in Canada and one metal marketing segment in Europe.

Top Ranked Articles about First Majestic Silver Corp

First Majestic Announces Election of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - First Majestic Silver Corp. ("First Majestic" or the "Company") (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 26, 2016. A total of 83,286,701 shares were represented at the meeting, being 53.37% 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: Election of Directors


Director Nominee
Non Votes
Votes For
% For
Votes Withheld
% Withheld


Keith Neumeyer
32,658,942
50,423,540
99.60
204,219
0.40


Ramon Davila
32,658,942
50,423,150
99.60
204,609
0.40


Douglas Penrose
32,658,942
50,409,784
99.57
217,975
0.43


Robert McCallum
32,658,942
50,319,880
99.39
307,879
0.61


Tony Pezzotti
32,658,942
50,324,057
99.40
303,702
0.60


David Shaw
32,658,942
50,422,456
99.59
205,303
0.41



Executive Compensation Advisory Vote 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:


Non Votes
Votes For
% For
Votes Against
% Against


32,658,943
48,681,428
96.16
1,946,330
3.84%



First Majestic is a producing silver company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives. FIRST MAJESTIC SILVER CORP. Keith Neumeyer, President & CEO 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.





First Majestic Silver Corp.
[email protected]
www.firstmajestic.com
1.866.529.2807




Read more...
First Majestic Silver Corp. Changes Annual General Meeting Time

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2016) - First Majestic Silver Corp. ("First Majestic" or the "Company") (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) announces that as a result of a scheduling conflict with the venue where its annual general meeting of shareholders (the "AGM") will be held, the time of the Company's AGM has been rescheduled from 10:00 a.m. (Vancouver time) on May 26, 2016 to 11:00 a.m. (Vancouver time) on the same date. The location of the AGM remains unchanged at Terminal City Club, 837 West Hastings Street, Vancouver, British Columbia. First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives. FIRST MAJESTIC SILVER CORP. "Keith Neumeyer" Keith Neumeyer, President & CEO





First Majestic Silver Corp.
[email protected]
www.firstmajestic.com
1.866.529.2807




Read more...
First Majestic Reports First Quarter Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 10, 2016) - FIRST MAJESTIC SILVER CORP. (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) (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, 2016. 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. FIRST QUARTER 2016 HIGHLIGHTS

Silver equivalent production of 5.1 million ounces, representing a 30% increase compared Q1 2015.
Silver production of 3.1 million ounces, representing an 11% increase compared to Q1 2015.
Revenues totaled $66.5 million, representing a 22% increase compared to Q1 2015, primarily due to a 30% increase in total production.
Operating cash flows before working capital and taxes of $25.0 million or $0.16 per share (non-GAAP).
Mine operating earnings of $9.4 million compared to $5.0 million in Q1 2015.
Earnings before income taxes of $1.4 million compared to $0.7 million in Q1 2015.
Adjusted earnings of $4.6 million (EPS of $0.03) compared to a loss of $0.3 million in Q1 2015.
All-in sustaining costs ("AISC") of $8.97 per payable silver ounce, representing a significant 35% reduction compared to Q1 2015 and a 20% reduction compared to the prior quarter.
General and administrative expenses of $3.9 million, representing an 11% decrease compared to $4.3 million in Q1 2015.
Cash and cash equivalents totaled $61.7 million at the end of the quarter, representing a $10.7 million increase compared to the previous quarter.

"Profit margins increased in the first quarter due to additional cost savings and various operational improvements across the business," stated Keith Neumeyer, President and CEO of First Majestic. "Even with relatively flat silver prices compared to the previous quarter, we generated strong free cash flow due to lower operating costs and higher production at the mines. Our new mine, Santa Elena, had another great quarter and continues to exceed our expectations. Due to the significant cash flows now coming into the business combined with the recently announced C$50 million financing, we are beginning to evaluate internal growth projects, starting with increasing development and exploration at each of our operations in the coming quarters." OPERATIONAL AND FINANCIAL HIGHLIGHTS















Key Performance Metrics
2016-Q1

2015-Q4

Change

2015-Q1

Change



Operational












Ore Processed / Tonnes Milled
789,591

883,377

(11%
)
631,609

25%



Silver Ounces Produced
3,074,173

3,055,442

1%

2,776,855

11%



Silver Equivalent Ounces Produced
5,083,095

4,820,408

5%

3,905,270

30%



Cash Costs per Ounce(1)
$5.00

$6.04

(17%
)
$8.22

(39%
)


All-in Sustaining Cost per Ounce(1)
$8.97

$11.28

(20%
)
$13.88

(35%
)


Total Production Cost per Tonne(1)
$42.72

$41.44

3%

$46.90

(9%
)


Average Realized Silver Price per Ounce ($/eq. oz.)(1)
$15.08

$15.21

(1%
)
$17.05

(12%
)


Financial (in $millions)












Revenues
$66.5

$66.0

1%

$54.6

22%



Mine Operating Earnings(2)
$9.4

$3.9

141%

$5.0

88%



Earnings (loss) before income taxes
$1.4

($115.9
)
101%

$0.7

85%



Income taxes (expense) recovery, current and deferred(3)
($8.8
)
$12.9

(168%
)
($1.8
)
(378%
)


Net Loss
($7.4
)
($103.0
)
93%

($1.1
)
(573%
)


Operating Cash Flows before Working Capital and Taxes(2)
$25.0

$17.5

42%

$17.3

44%



Cash and Cash Equivalents
$61.7

$51.0

21%

$22.4

176%



Working Capital (Deficit)(1)
$57.8

$15.6

271%

($12.6
)
559%



Shareholders












Loss per Share ("EPS") - Basic
($0.05
)
($0.66
)
93%

($0.01
)
(408%
)


Adjusted EPS(1)
$0.03

($0.02
)
250%

($0.00
)
1177%



Cash Flow per Share(1)
$0.16

$0.11

42%

$0.15

9%




















(1) The Company reports non‐GAAP measures which include cash costs per ounce, all‐in sustaining cost per ounce, total production cost per ounce, total production cost per tonne, average realized silver price per ounce, working capital, adjusted EPS and cash flow per share. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and may differ from methods used by other companies with similar descriptions.


(2) The Company reports additional GAAP measures which include mine operating earnings and operating cash flows before movements in working capital and income taxes. These additional financial measures are intended to provide additional information and do not have a standardized meaning prescribed by IFRS.


(3) Income tax expense in the current quarter includes a one-time non-cash deferred tax expense of $6.7 million related to an election to apply historical loss carryforwards against the deconsolidation tax liability during the period.






FINANCIAL REVIEW The Company realized an average silver price of $15.08 per ounce during the first quarter of 2016, which is 12% lower compared with the first quarter of 2015 and a 1% decrease compared to the prior quarter. Revenues generated in the first quarter totaled $66.5 million, an increase of $11.9 million or 22% compared to $54.6 million in the first quarter of 2015. The increase in revenue was primarily due to a 36% increase in silver equivalent ounces sold, primarily related to the acquisition of the Santa Elena mine in October 2015, partially offset by the reduction in the average realized silver price. Mine operating earnings were $9.4 million in the quarter compared to $5.0 million in the first quarter of 2015. The increase in mine operating earnings was primarily driven by an increase in production levels and a decrease in production costs, partially offset by a decline in silver prices. Cash flow from operations before movements in working capital and income taxes in the quarter was $25.0 million ($0.16 per share) compared to $17.3 million ($0.15 per share) in the first quarter of 2015. In March, the Company applied a new provision from the 2016 Mexican Tax Reform which allowed the Company to claim a credit of $14.7 million against future taxes related to the Company's deconsolidation tax liability by applying loss carry-forwards at a rate of 15%, some of which were previously valued at the Mexican corporate tax rate of 30%. This effectively resulted in $6.7 million of the value of tax loss carry-forwards being written off during the period. Earnings before income taxes were $0.6 million higher than the same quarter of the prior year, primarily due to an increase in mine operating earnings, decrease in general and administrative and share-based payments expenses, partially offset by higher finance costs related to debt restructuring during the quarter. The Company generated a net loss of $7.4 million (loss per share of $0.05) in the first quarter compared to net loss of $1.1 million (loss per share of $0.01) in the first quarter of 2015. The net loss was primarily affected by $7.8 million in deferred income tax expense. Ignoring the impact of the one time settlement of tax losses against the deconsolidation liability, the Company generated a net loss of $0.7 million (loss per share of $0.00) compared to a net loss of $1.1 million (loss per share of $0.01) in the first quarter of 2015. Excluding all non-cash and non-recurring items, the Company generated adjusted earnings of $4.6 million ($0.03 per share) during the quarter. The Company's treasury increased 21% to $61.7 million by the end of the quarter, reflecting a $10.7 million increase compared to the prior quarter. Additionally, the Company's working capital position increased 271% to $57.8 million compared to $15.6 million at the end of 2015. The Company closed a $60.0 million debt financing agreement in February 2016, consisting of a $35.0 million three year term loan and a $25.0 million revolving credit facility with a three year expiry. Proceeds from the term loan were used primarily to settle the remaining balance of the Company's lead and zinc prepayment facilities and associated call options. The revolving credit facility was used to replace SilverCrest's $15.0 million credit line with the remainder available for general working capital purposes. The debt financing adds approximately $32.0 million to the Company's working capital by deferring $28.5 million in debt repayments in 2016 and adding $3.5 million to treasury after early settlement of the prepayment facilities. On April 22, 2016, the Company announced a CAD$50.0 million bought-deal private placement with a syndicate of underwriters for the issuance of 4,566,000 common shares at a price of CAD$10.95 per common share, with an overallotment option to purchase up to an additional 15% of the number of shares issued. The offering is scheduled to close on or about May 12, 2016. Proceeds from the financing will be used towards increasing development and exploration across the Company's six operating mines; design, engineer and plan for the mill and mine expansion at La Guitarra to 1,000 tpd; further advance the roasting analysis and testing at La Encantada; and, for general corporate and working capital purposes. OPERATIONAL HIGHLIGHTS The table below represents the quarterly operating and cost parameters at each of the Company's six producing silver mines.













First Quarter Production Summary
Santa

Elena

La

Encantada
La

Parrilla
Del

Toro
San

Martin
La

Guitarra
Consolidated


Ore Processed / Tonnes Milled
242,539

189,140
151,916
86,869
75,863
43,265
789,591


Silver Ounces Produced
661,292

830,787
575,969
311,400
480,413
214,312
3,074,173


Silver Equivalent Ounces Produced
1,725,417

832,957
1,001,359
578,556
580,922
363,884
5,083,095


Cash Costs per Ounce
($3.34
)
$8.49
$5.39
$9.52
$5.83
$8.27
$5.00


All-in Sustaining Cost per Ounce
$1.68

$9.33
$7.06
$10.76
$7.52
$12.91
$8.97


Total Production Cost per Tonne
$42.05

$34.91
$35.29
$53.30
$53.32
$66.88
$42.72














Total production for the quarter was 5.1 million silver equivalent ounces consisting of 3.1 million ounces of silver, 16,870 ounces of gold, 8.6 million pounds of lead and 4.0 million pounds of zinc. Compared to the previous quarter, total production increased 5% primarily attributed to higher gold production at Santa Elena and higher silver grades at La Encantada. Total production in 2016 has achieved 27% of the annual guidance midpoint of between 17.8 to 19.8 million silver equivalent ounces. COSTS AND CAPITAL EXPENDITURES Cash cost per ounce (after by-product credits) for the quarter was $5.00 per payable ounce of silver, an improvement of 17% from $6.04 per ounce in the fourth quarter of 2015 and 39% from $8.22 per ounce in the first quarter of 2015. The decrease in cash cost per ounce was primarily the result of ongoing company-wide cost reduction efforts and a focus on producing only profitable ounces, which resulted in decreases in cash cost per ounce in most of the Company's operations. As part of this effort, the Company was able to increase overall production by 5% despite reducing throughput by 11%, resulting in significant cost savings in contractor, haulage, energy and reagents. The Santa Elena mine had a negative cash cost of ($3.34) per ounce, which contributed to the significant reduction in the Company's consolidated cash cost. Cash costs were also benefited by an 8% weakening of the Mexican pesos against the U.S. dollars. Consolidated AISC for the quarter was $8.97 per ounce, a 20% improvement compared to $11.28 per ounce in the previous quarter and a 35% reduction compared to $13.88 per ounce in the first quarter of 2015. AISC reduced significantly due to reduction in cash costs per ounce, as well as decreases in general and administrative expenses and sustaining capital expenditures. AISC was also lower due to the recent addition of the Santa Elena mine, which had an AISC of $1.68 per ounce in the quarter. Total capital expenditures in the first quarter were $9.5 million, a decrease of 32% compared to the prior quarter, primarily consisting of $4.2 million at Santa Elena, $0.6 million at La Encantada, $0.9 million at Del Toro, $1.5 million at La Parrilla, $1.2 million at La Guitarra and $1.0 million at San Martin. During the quarter, some sustaining capital expenditures were partially deferred due to a slow initiation of exploration and development activities at the beginning of the year. AISC's are expected to increase slightly in the next quarter to catch up with program targets without any change in the anticipated annual outlook for cost guidance. ABOUT FIRST MAJESTIC First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives. FIRST MAJESTIC SILVER CORP. Keith Neumeyer, President & CEO 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.





First Majestic Silver Corp.
Toll free: 1.866.529.2807
[email protected]
www.firstmajestic.com




Read more...
First Majestic Revises Date of First Quarter Financial Results to May 10

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - FIRST MAJESTIC SILVER CORP. (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) (the "Company" or "First Majestic") has revised the release date of its first quarter 2016 unaudited financial results. The results will now be released after market on Tuesday, May 10, 2016. First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets and the pursuit through acquisition of additional mineral assets which contribute to the Company achieving its corporate growth objectives. FIRST MAJESTIC SILVER CORP. Keith Neumeyer, President & CEO 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.





First Majestic Silver Corp.
Toll Free: 1-866-529-2807
[email protected]
www.firstmajestic.com




Read more...

Ratios

vs
industry
vs
history
PE Ratio 185.00
AG's PE Ratio is ranked lower than
94% of the 450 Companies
in the Global Silver industry.

( Industry Median: 19.78 vs. AG: 185.00 )
Ranked among companies with meaningful PE Ratio only.
AG' s PE Ratio Range Over the Past 10 Years
Min: 12.73  Med: 25.39 Max: 215.63
Current: 185
12.73
215.63
Forward PE Ratio 82.64
AG's Forward PE Ratio is ranked lower than
97% of the 583 Companies
in the Global Silver industry.

( Industry Median: 17.01 vs. AG: 82.64 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 185.00
AG's PE Ratio without NRI is ranked lower than
94% of the 443 Companies
in the Global Silver industry.

( Industry Median: 20.29 vs. AG: 185.00 )
Ranked among companies with meaningful PE Ratio without NRI only.
AG' s PE Ratio without NRI Range Over the Past 10 Years
Min: 12.73  Med: 25.2 Max: 215.63
Current: 185
12.73
215.63
PB Ratio 2.20
AG's PB Ratio is ranked lower than
99.99% of the 1388 Companies
in the Global Silver industry.

( Industry Median: 2.03 vs. AG: 2.20 )
Ranked among companies with meaningful PB Ratio only.
AG' s PB Ratio Range Over the Past 10 Years
Min: 0.41  Med: 2.03 Max: 9.43
Current: 2.2
0.41
9.43
PS Ratio 4.90
AG's PS Ratio is ranked lower than
75% of the 672 Companies
in the Global Silver industry.

( Industry Median: 1.84 vs. AG: 4.90 )
Ranked among companies with meaningful PS Ratio only.
AG' s PS Ratio Range Over the Past 10 Years
Min: 1.55  Med: 5.68 Max: 37.71
Current: 4.9
1.55
37.71
Price-to-Free-Cash-Flow 102.78
AG's Price-to-Free-Cash-Flow is ranked lower than
85% of the 237 Companies
in the Global Silver industry.

( Industry Median: 17.07 vs. AG: 102.78 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
AG' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 16.03  Med: 56.37 Max: 192.86
Current: 102.78
16.03
192.86
Price-to-Operating-Cash-Flow 36.39
AG's Price-to-Operating-Cash-Flow is ranked lower than
82% of the 385 Companies
in the Global Silver industry.

( Industry Median: 8.68 vs. AG: 36.39 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
AG' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.66  Med: 14.77 Max: 82.9
Current: 36.39
4.66
82.9
EV-to-EBIT 60.30
AG's EV-to-EBIT is ranked lower than
60% of the 904 Companies
in the Global Silver industry.

( Industry Median: 20.02 vs. AG: 60.30 )
Ranked among companies with meaningful EV-to-EBIT only.
AG' s EV-to-EBIT Range Over the Past 10 Years
Min: -6621.1  Med: -3.3 Max: 224.8
Current: 60.3
-6621.1
224.8
EV-to-EBITDA 15.93
AG's EV-to-EBITDA is ranked higher than
69% of the 971 Companies
in the Global Silver industry.

( Industry Median: 10.14 vs. AG: 15.93 )
Ranked among companies with meaningful EV-to-EBITDA only.
AG' s EV-to-EBITDA Range Over the Past 10 Years
Min: -452.2  Med: 13.05 Max: 508.2
Current: 15.93
-452.2
508.2
Current Ratio 3.64
AG's Current Ratio is ranked lower than
99.99% of the 1502 Companies
in the Global Silver industry.

( Industry Median: 2.17 vs. AG: 3.64 )
Ranked among companies with meaningful Current Ratio only.
AG' s Current Ratio Range Over the Past 10 Years
Min: 0.17  Med: 2.23 Max: 61
Current: 3.64
0.17
61
Quick Ratio 3.23
AG's Quick Ratio is ranked lower than
99.99% of the 1502 Companies
in the Global Silver industry.

( Industry Median: 1.71 vs. AG: 3.23 )
Ranked among companies with meaningful Quick Ratio only.
AG' s Quick Ratio Range Over the Past 10 Years
Min: 0.17  Med: 1.87 Max: 61
Current: 3.23
0.17
61
Days Inventory 27.05
AG's Days Inventory is ranked higher than
81% of the 606 Companies
in the Global Silver industry.

( Industry Median: 76.92 vs. AG: 27.05 )
Ranked among companies with meaningful Days Inventory only.
AG' s Days Inventory Range Over the Past 10 Years
Min: 26.48  Med: 48.54 Max: 88.8
Current: 27.05
26.48
88.8
Days Sales Outstanding 8.46
AG's Days Sales Outstanding is ranked lower than
99.99% of the 600 Companies
in the Global Silver industry.

( Industry Median: 36.83 vs. AG: 8.46 )
Ranked among companies with meaningful Days Sales Outstanding only.
AG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.4  Med: 9.56 Max: 28.61
Current: 8.46
5.4
28.61
Days Payable 17.31
AG's Days Payable is ranked lower than
99.99% of the 464 Companies
in the Global Silver industry.

( Industry Median: 47.37 vs. AG: 17.31 )
Ranked among companies with meaningful Days Payable only.
AG' s Days Payable Range Over the Past 10 Years
Min: 17.15  Med: 61.17 Max: 95.32
Current: 17.31
17.15
95.32

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -12.00
AG's 3-Year Average Share Buyback Ratio is ranked higher than
58% of the 1131 Companies
in the Global Silver industry.

( Industry Median: -12.90 vs. AG: -12.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
AG' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -83.7  Med: -18.9 Max: -3.8
Current: -12
-83.7
-3.8

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.20
AG's Price-to-Tangible-Book is ranked lower than
99.99% of the 1342 Companies
in the Global Silver industry.

( Industry Median: 2.29 vs. AG: 2.20 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
AG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.94  Med: 2.05 Max: 12.82
Current: 2.2
0.94
12.82
Price-to-Intrinsic-Value-Projected-FCF 3.13
AG's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
99.99% of the 325 Companies
in the Global Silver industry.

( Industry Median: 2.03 vs. AG: 3.13 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
AG' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 1.11  Med: 3.72 Max: 11.61
Current: 3.13
1.11
11.61
Price-to-Median-PS-Value 0.87
AG's Price-to-Median-PS-Value is ranked higher than
72% of the 518 Companies
in the Global Silver industry.

( Industry Median: 1.05 vs. AG: 0.87 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
AG' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.34  Med: 1.08 Max: 7.83
Current: 0.87
0.34
7.83
Price-to-Graham-Number 4.04
AG's Price-to-Graham-Number is ranked lower than
99.99% of the 368 Companies
in the Global Silver industry.

( Industry Median: 1.43 vs. AG: 4.04 )
Ranked among companies with meaningful Price-to-Graham-Number only.
AG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.98  Med: 2.2 Max: 4.04
Current: 4.04
1.98
4.04
Earnings Yield (Greenblatt) % 1.66
AG's Earnings Yield (Greenblatt) % is ranked higher than
70% of the 1748 Companies
in the Global Silver industry.

( Industry Median: -0.10 vs. AG: 1.66 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
AG' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.4  Med: 4.3 Max: 10.6
Current: 1.66
0.4
10.6
Forward Rate of Return (Yacktman) % -1.58
AG's Forward Rate of Return (Yacktman) % is ranked lower than
99.99% of the 305 Companies
in the Global Silver industry.

( Industry Median: -2.06 vs. AG: -1.58 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
AG' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -41.5  Med: -2.3 Max: 97.3
Current: -1.58
-41.5
97.3

More Statistics

Revenue (TTM) (Mil) $278.1
EPS (TTM) $ 0.05
Beta0.70
Short Percentage of Float9.23%
52-Week Range $6.62 - 19.15
Shares Outstanding (Mil)164.98

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 299 376 409
EPS ($) 0.11 0.26 0.39
EPS without NRI ($) 0.11 0.26 0.39
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for AG

Headlines

Articles On GuruFocus.com
First Majestic Achieves New Record in Silver Production; Produces 4.5 Million Silver Eqv. Ounces in Oct 13 2016 
First Majestic Announces Resignation of Ramon Davila From Board of Directors Sep 15 2016 
First Majestic Announces Election of Directors May 27 2016 
First Majestic Silver Corp. Changes Annual General Meeting Time May 16 2016 
First Majestic Reports First Quarter Financial Results May 10 2016 
First Majestic Revises Date of First Quarter Financial Results to May 10 May 05 2016 
First Majestic Silver Corp.: First Quarter Financial Results to be Released on May 11 Apr 25 2016 
First Majestic Produces a Record 5.1 Million Silver Eqv. Ounces in First Quarter Apr 14 2016 
First Majestic Silver Corp. Announces Updated La Encantada NI 43-101 Technical Report Mar 28 2016 
Fourth Quarter and Year End Financial Results to Be Released on February 25, 2016 Feb 11 2016 

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