First Majestic Silver

www.sedar.com/...CompanyDocuments.do?lang=EN&issuerNo=00005496

Durch die weltweite Reduktion der Produktion von Eisen, Zink und Blei, kommt weniger Silber auf den Markt welches diese Minen als Beiprodukt fördern ( Ted Butler bei silberinfo.de), sodass ganz einfach weniger physisches Silber auf den Markt gelangt. Der aktuelle Verbrauch in der Industrie liegt, trotz Krise, höher, sodass höhere Silberpreise durchaus vorstellbar sind.

First majestic arbeitet auch bei den heutigen Preisen für Silber sehr profitabel und die letzten Ausbauten in der Aufarbeitungskette dürften sich ebenfalls positiv bemerkbar machen.

Unter Berücksichtigung der Reserven (Minenlebensdauer grösser als 20 Jahre!), des Profits und dem soliden cash stellt first majestic  einen Substanzwert dar.

Es ist eigentlich erstaunlich, dass first majestic noch nicht durchgestartet ist. Wo gibt es das sonst, dass die Börsenkapitalisierung so niedrig ist wie cash und 2 Jahresgewinne nach Steuern?    

hier ist seit einiger zeit auch sehr ruhig geworden... silber ist am steigen und das bekommt first sehr positiv zu spüren. die käufer sind da und der anstieg der letzten wochen ist sehr schön anzusehen. gut gefällt mir, dass es nicht von jetzt auf gleich in riesenschritten zu explosionsartigen schüben kommt, denn somit bleiben die shorties weitestgehend fern.

bleibt long jungs und lechzt weiter nach silber ;-)

First Majestic is operating three separate mines within the La Parrilla property including the La Rosa/Rosario/La Blanca systems which are joined underground into a single mining operation, the San Marcos mine, and the Quebradillas mine. Several additional areas are either undergoing development or exploration or have programs planned in the future. The most significant mining area currently under development is the Las Vacas mine, which is being prepared for production in 2010.

Exploration at La Parrilla to September, 2008, has included; 310 drill holes for a total drilled depth of 72,084 meters (72.1 kms); 274 km of geophysical surveying (IP/AR); 36 sq km of aeromagnetic investigations; and about 4,100 samples for geochemical research; in addition to 17,540 metres (17.5 kms) of underground development.

The following summary tables were taken from the complete La Parrilla Silver Mine NI 43-101 Technical Report released today and prepared by Pincock Allen & Holt, Lakewood, Colorado (PAH). Shareholders and interested parties are encouraged to read this positive report which can be viewed on SEDAR (www.sedar.com) and the Company's web site at www.firstmajestic.com.




Total Proven + Probable Mineral Reserves (1,2,3,4,5)
--------------------------------------------------
                                 Grade                Metal Contained
                      --------------------------------------------------
                                       Zinc                   Silver (oz.)
                         Silver  Lead    (4)    Silver only     including
Category        Tonnes   g/tonne     %     %              oz.  Lead Credit
--------------------------------------------------
Proven Reserves
(Oxides plus
Sulphides)    288,468       302  1.36  0.93       2,797,487     3,064,952
Probable
Reserves
(Oxides
plus
Sulphides)    217,060       287  1.45  1.12       2,002,158     2,182,002
--------------------------------------------------
Total Proven
Plus
Probable
Reserves      505,528       295  1.40  1.01       4,799,645     5,246,954
--------------------------------------------------


Total Measured + Indicated Resources
--------------------------------------------------
                                 Grade                Metal Contained
                      --------------------------------------------------
                                                              Silver (oz.)
                         Silver  Lead  Zinc     Silver only     including
Category        Tonnes   g/tonne     %     %              oz.  Lead Credit
--------------------------------------------------
Measured
Resources
(Oxides plus
Sulphides)  2,195,448       264  2.59  4.54      18,637,618    22,806,628
--------------------------------------------------
Indicated
Resources
(Oxides Plus
Sulphides)    861,488       245  3.46  6.07       6,785,685     7,940,379
--------------------------------------------------
Total
Measured
Plus
Indicated
Resources
(Oxides
plus
Sulphides)
(6)         3,100,000       255  2.84  4.97      25,400,000    30,700,000
--------------------------------------------------


Total Inferred Resources
--------------------------------------------------
                                 Grade                Metal Contained
                      --------------------------------------------------
                                       Zinc                   Silver (oz.)
                         Silver  Lead    (4)    Silver only     including
Category        Tonnes   g/tonne     %     %              oz.  Lead Credit
--------------------------------------------------
Total
Inferred
Resources
(Oxides Plus
Sulphides)
(6)         8,000,000       169  0.87  1.49      43,900,000    52,800,000
--------------------------------------------------
(1) Estimates by First Majestic reviewed by PAH. Estimates based on Minimum
   Mining Width greater 2.00m. No mine recovery included.
(2) Silver equivalent based on sales. Prices used for evaluation:
   Ag - $12/oz; Au - $708/oz; Pb - $0.75/lb; Zn - $0.75/lb.
(3) Oxides Ag equivalent includes gold credit based on sales.
   Au Credit equals 6 g/tonne Ag.
(4) Sulphides Ag equivalent includes Pb credit equals 47 g/tonne Ag. Zinc
   is considered at 70% met. Recovery equals 30 g/tonne Ag.
(5) Cut-off grade estimated as 184 g/tonne Ag net of Au credit in oxide
   ores; and 246 g/tonne Ag net of Pb credit in sulphide ores. Zinc not
   considered in COG estimates.
(6) Rounded figures.





The La Parrilla mine consists of underground workings that include drifts, ramps, raises and stopes along the East-West trending Los Rosarios system. This system consists of a 3 km long mineralized structure that encloses numerous veins that branch out into veinlets and stockwork zones. The Los Rosarios system comprises La Rosa, Rosarios, La Blanca and San Jose areas and it intersects the NS-trending San Marcos vein. Other mineralized zones are located within the surrounding skarn zone of a regional diorite intrusive stock.

These include Quebradillas, Protectora, San Nicolas, San Jose, Las Vacas, Santa Paula, and others areas. These areas are contained within a core area surrounding the mill consisting of approximately 3500 hectares.

The property's geologic potential remains very high as the current Reserve/Resource definitions have only been focused on the La Rosa, Rosarios, La Blanca, San Marcos, Quebradillas and Las Vacas areas. Mineralization at the La Parrilla property, consisting of over 53,000 hectares in size, is a typical assemblage of metasomatic deposit minerals with a high content of silver. The most important mineralization consists of vein deposits and mineral concentrations within breccias. It mainly consists of pyrite, esphalerite, galena, some chalcopyrite, argentite and other silver sulfosalts associated with calcite and quartz as gangue minerals. Oxidation and secondary enrichment of these sulphides makes up the mineral concentrations in the upper parts of the deposits, and consists of carbonates (cerussite, hydrozincite, hemimorphite), sulfates (anglesite, willemite) and iron oxides (hematite and limonite).

The Company's independent Qualified Persons under the policies of National Instrument 43-101 who have reviewed the contents of this news release and who authored the most recent qualifying report are Leonel Lopez, C.P.G., P.G., and Richard Addison P.E., Principal Process Engineer, of Pincock Allen & Holt, who are employees of PAH and are independent of the Company.

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of First Majestic Silver Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

For more information, please contact
First Majestic Silver Corp.
Keith Neumeyer
President & CEO
(604) 688-3033 or Toll Free: 1-866-529-2807
(604) 639-8873 (FAX)
Email: info@firstmajestic.com
Website: www.firstmajestic.com
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FM bringt gestern das Res. update raus, und wird heute so runtergeprügelt? Silber ist doch verhältnismäßig stabil, FM fällt um 17,5%??

des rätsels lösung ist ganz einfach und eigentlich auch ganz leicht selbst rauszufinden, wenn man sich mit seinen aktien nur ein wenig beschäftigt...
fm hat eine kapitalerhöhung angekündigt mit einem Ausgabpreis der neuen Aktien bei 2,5 $ CAD. Daher fällt der Kurs  erst mal unter diese Marke, weil viele ihre Aktien jetzt mit gewinn abstoßen, um im rahmen der kapitalerhöhung günstiger an die aktien zu kommen...
das kürzel für fm an der tsx ist übrigens fr, da sind alle aktuellen news nachzulesen...
die kapitalerhöhung wird übrigens um den 5. märz herum abgeschlossen, man kann davon ausgehen, dass der kurs bis dahin erst mal um die marke von 2,5 $ CAD pendeln wird...

das erklärt natürlich so einiges. Na dann warten wir mal den 5. März ab, wäre ja auch eine schöne Nachkaufgelegenheit, irgendwann wird der Deckel schon wieder fliegen.

Kapitalerhöhungen durchzuführen machen durchaus Sinn. Bei einigen dient sie dazu Verbindlichkeiten abzubauen. Es gibt auch bilanzkosmetische Gründe.

Bei first majestic dürften diese beiden Gründe nicht zutreffen.

In 2008 wurde bekanntlich ein ehrgeiziges Bohrprogramm durchgezogen mit dem Ergebnis, dass die Reports gem. NI43-101 vergrösserte Reserven ausweisen.

Es könnte also durchaus sein, dass das neue Geld dazu dient die Produktionskapazitäten zu erhöhen. Dies ist jedoch wenig wahrscheinlich, weil die Mühlenkapazität erst kürzlich erhöht wurde.

Ein anderer Grund  könnte darin liegen, dass gewonnenes Erz "auf Halde" gehalten werden kann um in naher Zukunft zu höheren Preisen an den Markt abgeben zu können.

Wie in den Reports beschrieben ist sind höffige Prospektionen am Übergang zur Aufnahme der Produktion und das Geld dazu vorgesehen ist diesen Schritt zu finanzieren und dass wegen der Turbulenzen am Finanzmarkt das Geld dazu nicht über Bankkredite hat besorgt werden können.

Ein weiterer Grund könnte darin liegen, dass im Zuge des ehrgeizigen Ziels zum "senior producer" aufzusteigen weitere Unternehmenszukäufe unmittelbar bevorstehen. Sei es um die Edelmetallbasis zu verbreitern, sei es den Weg zum integrierten Konzern zu beschreiten, welcher alle Schritte von der Prospektion bis zum Produzenten von Barrensilber /Barrengold mit eigener Schmelzerei umfasst. In einem der Berichte sind deutliche Anzeichen dafür zu sehen indem First Majestic,um Raffinagekosten zu sparen, von Konzentraten umgestiegen ist und Doré-Barren produziert.

Auf der Homepage kann jeder FM Silber direkt ab Werk ordern und es wäre durchaus plausibel, wenn FM die Wertsteigerung durch Barrenproduktion noch mitnimmt. Auf jeden Fall darf man gespannt sein.

Auf jeden Fall übersteigt die Substanz bei FM die Aktiennotiz bei weitem, selbst bei verwässertem Grundkapital.

erst einmal, demnächst bei 50 Cent.

First Majestic Silver gibt in der letzten Mitteilung an, dass die Kapitalerhöhung dazu dienen soll die Mühlenkapazität bei La Parilla zu erhöhen. Dazu gibt es aber einige Überlegungen. Der aktuelle Silberpreises und die Produktionskosten für eine Unze (nachzulesen im Quartalsbericht) und die Tatsache, dass im 3. Quartal 08 die Bohrkampagne abgeschlossen wurde bedeutet ganz einfach, dass viel cash in die Kasse gespült wird und der  Ausbau der Mühlenkapazität aus eigener Kraft und ohne Kapitalerhöhung zu finanzieren ist. Es darf also weiter gerätselt werden was der wahre Hintergrund für die Kapitalerhöhung ist. Natürlich ist es gut eine gefüllte Portokasse zu haben. Aber die Portokasse einfach vor sich hin schlummern lassen dürfte keine gute Option sein. Wenn man die Firmenberichte liest ist zu bemerken, dass da zwei Silberprojekte entwickelt werden und es scheint, dass mindestens eines dieser Projekte am Übergang zur Produktion steht. Beim Übergang zur Produktion muss zuerst die Infrastruktur innerhalb der Mine  und paralllel dazu die notwendigen Anlagen zur Weiterbehandlung des Erzes erstellt werden. Erfahrungsgemäss dauert das einige Zeit.

Wenn nun in Parilla die Mühlenkapazität und die Laugung gross ausgebaut wird werden die alten Anlagen (die Versuchsanlage zur Laugung gem. Quartalsbericht) frei. Was liegt also näher die alten Anlagen bei einem der Silberprojekte ohne grossen Zeitverzug und ohne Aufsehen zu erregen aufzustellen und in Betrieb gehen zu lassen? Zumindest bei einem solchen Vorhaben wäre es möglich innert Monaten mit der Produktion beginnen zu können.

Es ist Fakt, dass first majestic silver hoch profitabel arbeitet. Wie überalll in der Wirtschaft sind erfolgreiche kleine Unternehmen  durch Übernahmen bedroht. Im Falle von FM ist die Börsenkapitalisierung sehr udn einladend niedrig und das stellt eine zusätzliche Gefahr dar von grossen Bergbaukonzernen übernommen zu werden.

Bei FM stimmt nicht nur die Substanz und Reserven für mehr als 20 Jahre bei Verdoppelung der Produktion, sondern auch die Führung. Und nicht zuletzt könnte FM auch Übernahmefantasiespekte bieten. 

Bei deinen Angaben liegst du nicht ganz richtig. Ohne die Kapitalerhöhung könnte FM die La Parilla Mine nicht ausbauen. Vom Working Capital geht ein Großteil für die Rückstellung für die Übernahme von First Silber drauf.

Außerdem ist FM nicht hoch profitabel. Die Angegebenen Cash Kosten sind leider nicht die Gesamtkosten. Wenn die Q4 Zahlen kommen wirst du sehen, dass FM einen gewaltigen Verlust eingefahren hat...

First Majestic is operating three separate mines within the La Parrilla property including the La Rosa/Rosario/La Blanca systems which are joined underground into a single operation, the San Marcos mine, and the Quebradillas mine. Several other areas are either undergoing development or exploration or have programs planned in the future. The most significant mining area currently under development is the Las Vacas mine, which is being prepared for production in 2010.

The La Parrilla operation consists of numerous silver/lead/zinc underground mines, and a cyanidation and flotation ore processing plant with an installed capacity of 840 tonnes per day (tpd). The plant processes both oxide and sulphide silver ores in two separate 420 tpd parallel circuits. Oxide ores are processed by cyanide leaching to produce Dore bars and sulphide ores are processed by differential flotation to produce a silver-rich lead concentrate.

The La Parrilla Silver Mine is located in the Municipality of Nombre de Dios, Durango State, México approximately 45 minute drive from the City of Durango east along Highway 45. The property covers an area in excess of 53,249 hectares. All the work to date, including, mining, development, resource definition and exploration has taken place on only a small portion of this large property.

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives.

FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807.

First Majestic betreibt drei voneinander unabhängige Minen auf dem Grundstück La Parrilla. Dazu gehören auch die Systeme La Rosa/Rosario/La Blanca, die unterirdisch zu einem einzigen Betrieb zusammengeschlossen sind, sowie die Minen San Marcos und Quebradillas. In zahlreichen anderen Bereichen werden entweder Erschließungs- oder Explorationsaktivitäten durchgeführt oder es sind in nächster Zeit Programme geplant. Das bedeutendste derzeit erschlossene Abbaugebiet ist die Mine Las Vacas, wo bereits Vorbereitungen für den Start der Produktion im Jahr 2010 stattfinden.
Die Betriebsstätte La Parrilla besteht aus zahlreichen Silber-/Blei-/Zink-Untertagminen sowie einer Zyanid-Flotationsanlage mit einer Nennkapazität von 840 Tagestonnen. In der Anlage werden sowohl Oxid- als auch Sulfidsilbererze in zwei voneinander unabhängigen Parallelkreisläufen mit je 420 Tonnen Tageskapazität verarbeitet. Oxiderze werden zur Herstellung von Dore-Barren durch Zyanidlaugung gewonnen und Sulfiderze zur Herstellung von mit Silber angereichertem Bleikonzentrat mittels Differenzialflotation verarbeitet.
Die Silbermine La Parrilla befindet sich im Gemeindegebiet von Nombre de Dios im mexikanischen Bundesstaat Durango, ca. 45 Autominuten von der Stadt Durango entfernt in östlicher Richtung entlang des Highway 45. Das Grundstück erstreckt sich über mehr als 53.249 Hektar. Sämtliche bisherigen Minenaktivitäten - Abbau, Erschließung, Ressourcendefinition und Exploration - wurden nur auf einem kleinen Teilbereich dieses großen Grundstücks durchgeführt.
First Majestic ist ein produzierender Silberförderer, der sich auf Mexiko konzentriert und aggressiv sein Ziel verfolgt, durch Entwicklung seiner vorhandenen Vermögenswerte und den Erwerb weiterer Projekte, die zu den Wachstumszielen des Unternehmens passen, zu einem führenden Silberproduzenten zu werden.
Weitere Informationen erhalten Sie von info@firstmajestic.com, oder auf unserer Website unter www.firstmajestic.com oder unter unserer gebührenfreien Rufnummer +1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
unterzeichnet
Keith Neumeyer, ;
President & CEO
Diese Pressemitteilung enthält bestimmte Prognosen für die Zukunft im Sinne des Abschnitts 21E des US-Wertpapiergesetzes (US Securities Exchange Act) von 1934 in der geltenden Fassung. Alle Aussagen, die sich nicht nur auf Tatsachen der Vergangenheit beziehen, beispielsweise Aussagen zu potentiellen Mineralisierungen und Reserven, Explorationsergebnissen und zukünftigen Plänen und Zielen der First Majestic Silver Corp. sind Prognosen mit verschiedenen Risiken und Unsicherheiten. Es kann nicht zugesichert werden, dass diese Aussagen exakt sind, und die tatsächlichen Ergebnisse und zukünftigen Ereignisse könnten wesentlich von den Erwartungen in diesen Aussagen abweichen.
Für die Richtigkeit der Übersetzung wird keine Haftung übernommen! Bitte englische Originalmeldung beachten!
Die englische Originalmeldung finden Sie unter:
www.irw-press.at/press_html.aspx?messageID=13623
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
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Nachfragesituation (Silber):
- Gold wird (zZt.!) als Anlage-Metall als "teuer" empfunden  (Stichwort: "1000$-Grenze")
- welches andere (zZt. "günstige") Anlage-Metall bietet sich an ? ...

Angebotssituation (Silber):
- Silber wird zu einem Großteil als Beiprodukt von Industriemetallen gewonnen;
 die Produktion von Industriemetallen wurde jedoch deutlich zurückgefahren ...

aktuelle Chartsituation bei Silber:
www.goldseiten.de/content/diverses/artikel.php?storyid=10294


Wohin wird die Reise gehen ? ...

Thanks & good luck,
Bomin

um so besser ...
... bei ca. 1,10€ werd´ ich wohl mit 10k einsteigen :)

Bomin

Die gesamten kombinierten Silbergewinnungen bei den drei unternehmenseigenen Mühlen beliefen sich auf 60 %; im vorherigen Quartal waren es 65 %. Beim La-Encantada-Betrieb führten hohe Manganwerte im Erz sowie ein erhöhter Durchsatz der Mühle zu geringen Gewinnungen. Beim San-Martin-Betrieb hatte das hochgradige kohlehaltige Erz Auswirkungen auf die Metallurgie, was jedoch durch höhere Gehalte wettgemacht wurde. Bei La Encantada werden Maßnahmen gesetzt, um die Gewinnungen zu verbessern; doch bis die neue Cyanidationsanlage mit einer Kapazität von 3.500 tpd im Juni dieses Jahres fertiggestellt wird, rechnet man nur mit etwas höheren Gewinnungen.

Wie bereits zuvor gemeldet, hat das Unternehmen im vierten Quartal 2008 die Explorations- und Erschließungsprogramme bei jedem seiner Betriebe reduziert. Das Unternehmen wird weiterhin seine Ausgaben analysieren, um die Betriebe zu optimieren und die Rentabilität zu verbessern.

In diesem Quartal wurden Untertageerschließungen auf 4.610 Metern durchgeführt; im ersten Quartal 2008 waren es 6.006 Meter, im vierten Quartal 2008 insgesamt 5.847 Meter. Dieses Programm ist von großer Bedeutung, da es den Zugang zu neuen Gebieten innerhalb unterschiedlicher Minen öffnet und die Minen auf ein kontinuierliches Wachstum der Silberproduktion vorbereitet. Das Unternehmen reduzierte vor kurzem sein Bohrprogramm auf zwei Bohrgeräte, die nur bei San Martin im Einsatz sind. Im ersten Quartal wurden 31 Bohrlöcher abgeschlossen, womit die im vergangenen Jahr begonnenen Bohrprogramme beendet werden konnten. In diesem Quartal wurden Diamantbohrungen auf insgesamt 5.048 Meter durchgeführt; im ersten Quartal 2008 waren es 10.256 Meter, im vierten Quartal 2008 insgesamt 4.193 Meter.

First Majestic ist ein Silberproduktionsunternehmen, dessen Hauptaugenmerk auf Mexiko liegt und das seinen Geschäftsplan intensiv verfolgt, um durch die Erschließung seiner bestehenden Aktiva sowie durch den Erwerb zusätzlicher Aktiva ein großer Silberproduzent zu werden und seine Wachstumsziele zu erreichen.

Weitere Informationen erhalten Sie von infofirstmajestic.com, oder auf unserer Website unter www.firstmajestic.com oder unter unserer gebührenfreien Rufnummer 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.
unterzeichnet

Keith Neumeyer, ;
President CEO

www.canadianinsider.com/coReport/allTransactions.php?ticker=fr

First Majestic Silver Corp. TSX: FR OTCQX: FRMSF FRANKFURT: FMV

NORMABEC MINING RESOURCES LTD. TSX VENTURE: NMB

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2009) - First Majestic Silver Corp. ("First Majestic") (TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ) and Normabec Mining Resources Ltd. ("Normabec") (TSX VENTURE:NMB) have entered into a definitive agreement (the "Agreement") whereby First Majestic will acquire Normabec. The transaction will be an all-share transaction by way of plan of arrangement (the "Arrangement").

The Agreement, among other things provides that First Majestic will acquire Normabec in exchange for the issuance directly to Normabec's shareholders of 0.060425 First Majestic shares for each Normabec common share outstanding (the "Exchange Ratio"). In addition to Normabec's current shareholders receiving shares in First Majestic, they will also receive shares in a newly formed public company ("NEWCO") which will hold Normabec's interest in the Pitt Gold Property (and all other Quebec mineral interests currently held by Normabec) which will continue to be managed by the existing Normabec management. Subsequent to the completion of the Arrangement, First Majestic will invest, via a private placement, C$300,000 in this public company which will represent approximately 10% of NEWCO.

The Agreement implies a value for each Normabec share of C$0.1806 (C$0.1406 in First Majestic shares and C$0.04 in NEWCO shares) and represents a premium of 47.7% to Normabec shareholders based on the average prices of First Majestic's and Normabec's common shares for the 20 trading days ended September 11, 2009. Normabec has approximately 75.3 million shares issued and outstanding.

Normabec's primary asset is the Real de Catorce Silver Project which is located in the northern portion of San Luis Potosi state, Mexico. The property consists of approximately 6326 hectares of mineral rights which contains a drilled NI 43-101 compliant resource of 33.69 million Measured & Indicated silver ounces plus 13.10 million Inferred silver ounces.

Keith Neumeyer, President & CEO of First Majestic, stated, "We are continually looking for ways to expand our business including potential acquisitions. Based on our due diligence we believe the Real de Catorce Silver Project is an excellent strategic fit and has the potential to become another important asset for our company. We believe this transaction will also substantially benefit Normabec shareholders by not only allowing them to participate in our future upside, but also allowing them to retain 100% of the growth potential of the Pitt Gold Project in Quebec."

Robert Ayotte, CEO and President of Normabec, stated; "Our strategic approach has always been to speed-up the development of the tremendous Real de Catorce Silver District. By this agreement we feel that our shareholders will participate not only in the development of this key asset but also in other divisions of First Majestic in production. Their talented technical and mining team have been a key factor for this association."

The proposed Arrangement has the unanimous support of the boards of directors of both Normabec and First Majestic and the Normabec board of directors has resolved to recommend that the Normabec shareholders vote in favour of the Arrangement at the special meeting. Lockup and support agreements have been signed by each officer and director and the largest shareholder of Normabec to support the Arrangement. An information circular is expected to be mailed to all shareholders by no later than mid-October and the proposed Arrangement is expected to close in early November. The Agreement includes representations, warranties and covenants typical of a transaction of this nature. The proposed Arrangement is subject to the approval of at least 66 2/3% of the votes of Normabec shareholders represented in person or by proxy at a special meeting of Normabec shareholders and the approvals of the Quebec Superior Court and other appropriate regulatory authorities and certain other conditions customary for transactions of this nature. A break-up fee of $350,000 is payable by either party in the event the Agreement is terminated in certain circumstances, including in connection with Normabec entering into a superior transaction.

First Majestic has engaged Gryphon Partners as its financial advisor and McCullough O'Connor Irwin LLP as its Canadian legal advisor. Normabec has engaged Haywood Securities Inc. as its financial advisor and Miller Thomson LLP as its Canadian legal advisor. Haywood Securities Inc. has provided an opinion to the board of directors of Normabec that, subject to Haywood Securities' assumptions and limitations and its review and analysis of current market conditions, the consideration to be received by the shareholders of Normabec, other than First Majestic and its affiliates or associates, pursuant to the Agreement is fair, from a financial point of view.

About First Majestic

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives. Presently First Majestic owns three operating silver mines in Mexico, the La Encantada, the La Parrilla, and the San Martin Silver Mines, as well as a project undergoing pre-feasibility known as the Del Toro Silver Mine. In 2009, First Majestic expects to produce approximately five million ounces of silver eqv. from its Mexican silver mines.

About Normabec

Normabec is a junior mining exploration company with a portfolio of advanced exploration projects including: the 100% owned Pitt Gold Project in Quebec and the 100% owned Real de Catorce Silver Project in Mexico.

First Majestic Silver Corp.

Keith N. Neumeyer, President & CEO

Normabec Mining Resources Ltd.

Robert Ayotte, President & CEO

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of First Majestic Silver Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The securities issuable under the Arrangement have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and are expected to be issued pursuant to exemptions from such registration requirements.
 

 

programs underway are for the purpose of assisting in mining activities
only, and consisted of 498 meters of definition drilling in the quarter
compared to 363 metres of drilling in the previous quarter, all of
which was at the San Martin mine.

Keith Neumeyer, CEO & President stated; "our operations team deserves
to be congratulated for delivering a solid quarter. Even though our
focus continues to be on the completion of the large construction
project at La Encantada, this quarter's results are an excellent
accomplishment. It should be further noted, that even though
commissioning of our new 3500 tpd plant commenced in the third quarter,
no production in this quarter was attributed to this expansion as first
revenues won't be recognized until the fourth quarter".

First Majestic is a producing silver company focused in Mexico and is
aggressively pursuing its business plan to become a senior silver
producer through the development of its existing assets and the pursuit
through acquisition of additional assets that contribute to achieving
its corporate growth objectives.

FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our
website at www.firstmajestic.com or call our toll free number
1.866.529.2807.


FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer,
President & CEO


This press release includes certain "Forward-Looking Statements" within
the meaning of section 21E of the United States Securities Exchange Act
of 1934, as amended. All statements, other than statements of
historical fact, included herein, including without limitation,
statements regarding potential mineralization and reserves, exploration
results and future plans and objectives of First Majestic Silver Corp.
are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.

==================================================
Copyright (c) 2009 FIRST MAJESTIC SILVER CORP. (TSXV-FR)  All rights
reserved.  For more information visit our website at
www.firstmajestic.com/ or send mailto:investor@firstmajestic.com
Message sent on Tue Oct 6, 2009 at 9:53:05 AM Pacific Time
==================================================

Keith Neumeyer, CEO & President stated; "As the completion of construction draws near and the testing and commissioning process continues, another major milestone for First Majestic is approaching. This state of the art, large scale operation has been constructed during a very difficult economic environment and under a very tight timeline. Congratulations should go out to all our management, staff and construction crew for their perseverance, resolve and commitment. Our attention is now turning to the production and shipment of the first precipitates for doré production, and reaching the full operating capacity of the plant."

Ramon Davila, COO commented, "This plant has been constructed using the best design elements, and using state of the art equipment. When full production rates for this plant have been reached, our achievements will definitely be noticed in the mining and investment communities. These are exciting times for First Majestic; particularly for our construction crew, management and staff."

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its significant corporate growth objectives.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of First Majestic Silver Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

For more information, please contact
First Majestic Silver Corp.
Keith Neumeyer
President & CEO
(604) 688-3033 or Toll Free: 1-866-529-2807
(604) 639-8873 (FAX)
info@firstmajestic.com
www.firstmajestic.com

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www.firstmajestic.com/s/...-Increases-by-18-Reaches-New-Record

Mar 22, 2010 12:38 ET
First Majestic Silver Corp.: Year End & Fourth Quarter Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2010) - FIRST MAJESTIC SILVER CORP. (TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ) (the "Company") is pleased to announce the audited financial results for the Company's year ending December 31, 2009 and its fourth quarter ending December 31, 2009. 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.
Year End Highlights
Gross Revenue CDN$71.5 million
Net Revenue CDN$59.5 million
Mine Operating Earnings CDN$18.5 million
Net Income after taxes CDN$6.3 million
Earnings Per Share (EPS) CDN$0.08
Silver Equivalent Production 4,337,103 oz. Ag eq.
Silver Equivalent Oz. Sold 4,233,703 oz. Ag eq.
Direct Cash Costs per ounce US$5.61
Cash Costs per Ounce (all in) US$8.49
Average Gross Revenue per Ounce Sold CDN$16.89 (US$ 14.79)
Fourth Quarter Highlights
Gross Revenue CDN$21.4 million
Net Revenue CDN$18.4 million
Mine Operating Earnings CDN$8.1 million
Net Income after taxes CDN$2.5 million
Earnings Per Share (EPS) CDN$0.03
Silver Equivalent Production 1,249,568 oz. Ag eq.
Silver Equivalent Oz. Sold 1,145,562 oz. Ag eq.
Direct Cash Costs per ounce US$5.69
Average Gross Revenue per Ounce Sold CDN$18.71(US$ 17.72)

2009 ANNUAL AND Q4 FINANCIAL PERFORMANCE AND HIGHLIGHTS

   * Consolidated gross revenue (prior to smelting, refining and metal deductions) for the year ended 2009 was $71.5 million compared to $56.1 million in 2008, an increase of $15.4 million or 27.5%.
   * Consolidated gross revenue (prior to smelting, refining and metal deductions) for the quarter ended December 31, 2009 (Q4) was $21,436,456 compared to $11,712,165 for the quarter ended December 31, 2008 for an increase of $9,724,291, or 83%. The improvement in revenues in the fourth quarter of 2009 is attributable to a 38% increase in equivalent silver ounces sold and a 32% increase in the average gross revenue per ounce realized. These improvements resulted in net revenue for the fourth quarter increasing from $9,106,605 in 2008 to $18,374,117 in 2009, an increase of 102%.
   * In 2009 the Company shipped (sold) 4,233,703 ounces of silver equivalent at an average price of $16.89 per ounce (US$14.79) compared to 3,590,202 ounces in 2008 at an average price of $15.63 per ounce (US$14.66), representing an increase of 18% in shipments. The average COMEX trading price of silver in 2009 was US$14.68 per ounce.
   * Total production for 2009 was 4,337,103 ounces of silver equivalents consisting of 3,797,520 ounces of silver, 2,670 ounces of gold, 6,587,074 pounds of lead and 8,913 pounds of zinc. This compares to the 4,229,998 ounces of silver equivalents produced in 2008, which consisted of 3,654,698 ounces of silver, 1,661 ounces of gold, 7,457,707 pounds of lead and 425,710 pounds of zinc.
   * Net sales revenue (after smelting and refining charges and metals deductions) for 2009 was $59.5 million, an increase of 34.3% compared to $44.3 million for 2008. Smelting and refining charges and metal deductions decreased to 17% of gross revenue in 2009 compared to 21% of gross revenue in 2008. Average smelting charges for dore in 2009 were US$0.48 per equivalent silver ounce whereas for concentrates charges were US$3.96 per equivalent silver ounce.
   * The Company generated net income for 2009 of $6.3 million, or earnings per common share (EPS) of $0.08 compared to a net loss in 2008 of $5.1 million or a loss per common share of ($0.07). Net income for 2009 was after deducting non-cash stock-based compensation expense of $3.3 million, a write-down of mineral properties of $2.6 million, a write-down of marketable securities of $0.4 million and an income tax recovery of $3.2 million. Neglecting the effect of write-downs, earnings per share in 2009 would have been $0.11 per share.
   * Net income for the quarter ended December 31, 2009 was $2,492,488 or $0.03 per common share compared to a net loss of $5,538,906 or ($0.08) per common share in the quarter ended December 31, 2008, for an increase of $8,031,394.
   * Direct cash costs per ounce of silver for 2009 decreased to US$5.61 per ounce of silver, compared to US$5.87 per ounce of silver for 2008. During 2009, the Company's operations achieved operational efficiencies resulting in reductions in production costs per tonne and cash costs per ounce.
   * Direct cash costs per ounce of silver for Q4 of 2009 decreased to US$5.69 per ounce of silver, compared to US$6.37 per ounce of silver for Q4 of 2008.
   * Mine operating earnings for 2009 increased by 146% to $18.5 million, an increase of $11.0 million, compared to mine operating earnings of $7.5 million for 2008, due to an increase in sales volume from 3.6 million ounces of silver equivalent in 2008 to 4.2 million ounces in 2009, combined with an increase in sales revenue per ounce from $15.63 (US$14.66) in 2008 to $16.89 (US$14.79) in 2009.
   * Mine operating earnings increased by 818% to $8,092,993 for the quarter ended December 31, 2009 from a mine operating loss of $1,126,697 for the same quarter in the prior year. This was primarily due to the increase in net revenue.
   * The Company had operating income of $4.5 million for 2009 compared to an operating loss of $3.7 million for 2008, an increase of $8.2 million or 220%.
   * Operating income increased by $5,758,869 or 152% to $1,971,450 for the quarter ended December 31, 2009, from an operating loss of $3,787,419 for the quarter ended December 31, 2008, due to the increase in mine operating earnings.
   * During the fourth quarter of 2009, the new cyanidation plant at the La Encantada Silver Mine was commissioned and the ramp up process commenced. By the beginning of the second quarter of 2010, this new plant is expected to achieve commercial production, reaching full capacity of 3,500 tonnes-per-day and producing at an annualized rate of over four million ounces in Q2 of 2010. Total capitalized construction in progress at La Encantada at December 31, 2009 consisted of $31.3 million (US$29.8 million) with a further $2.9 million (US$2.7 million) advanced to contractors for equipment.
   * During the year ended December 31, 2009, the Company raised a total of $35.3 million through a combination of debt and equity. New funds consisted of $29.4 million from equity issuances, $4.3 million from a Mexican government sponsored development loan, as well as $1.6 million from the pre-sale of lead concentrates from the La Parrilla mine. This compares to $41.6 million raised in the year ended December 31, 2008.
   * During the year ended December 31, 2009, the Company invested $14.0 million in its mineral properties and a further $19.4 million in additions to plant and equipment on a cash basis. This compares to $24.5 million invested in its mineral properties and a further $14.9 million in additions to plant and equipment in the year ended December 31, 2008.
   * During 2009, the Company reduced current liabilities by $19.6 million. This was achieved by (i) placing $14.3 million in a lawyers trust pending the outcome of the Company's action against a previous majority owner of First Silver, (ii) settling certain other current liabilities amounting to $2.7 million by the issuance of 1,191,852 common shares, and (iii) through additional reductions of accounts payable and accrued liabilities by $2.6 million.
   * In November 2009, First Majestic acquired Normabec Mining Resources Ltd. ("Normabec") in an all-share transaction by way of plan of arrangement (the "Arrangement"). First Majestic acquired Normabec in exchange for the issuance directly to Normabec's shareholders of 0.060425 First Majestic shares and 0.25 shares of Brionor Resources Inc., a newly formed entity, for each Normabec common share outstanding. Normabec's primary asset is the Real de Catorce Silver Project which is located in the northern portion of San Luis Potosi State, Mexico. The results of operations of Normabec were consolidated into the operations of the Company effective November 14, 2009.

In Summary

First Majestic's year ended on a very positive note, with the fourth quarter results being the strongest in the Company's history. It is noteworthy that the strong results in 2009 can be primarily credited to the La Parrilla and San Martin operations as the La Encantada expansion project was commissioned in November and had not delivered significant production increases to year end.

Management is confident that 2010 will be an even better year financially for the Company, due to increases in production and profitability expected from the new 3,500 tpd cyanidation mill at La Encantada which is in the ramp up stage and is expected to reach full production in Q2.

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of First Majestic Silver Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

For more information, please contact
First Majestic Silver Corp.
Keith Neumeyer
President & CEO
(604) 688-3033 or Toll Free: 1-866-529-2807
(604) 639-8873 (FAX)
info@firstmajestic.com
www.firstmajestic.com
Click here to see all recent news from this company

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The last major items installed in the first quarter were the tailings filter-presses which are allowing for the recirculation of 84% of the water circulating in the system. These filters are some of the latest mining technologies available resulting in First Majestic setting an important standard for sustainable operational practices. The plant is using much less water than originally expected and much less than a traditional operation of this type. This state-of-art process is also opening the possibility for immediate reclamation of permanent rejuvenated open space.

The use of this filter press technology will play a central role in achieving superior operational performance in the areas of water use, cyanide use, land use and environmental impact. These three large, heavy duty, 2m x 2m automatic filter presses are dewatering the tailings to 16% moisture levels resulting in substantial savings in pumping, cyanide consumption and power generation. Additionally, the remaining tailings cake is being dry-stacked which eliminates the need for conventional tailings ponds and promotes ongoing reclamation and re-vegetation of the area.

Ongoing daily improvements are underway and being focused in the areas of daily tonnage, recoveries, quality of precipitate production and other plant optimizations.

Ramon Davila, Chief Operating Officer, stated; "To have a plant of this size deemed commercial within five months of being inaugurated is an impressive achievement and something our team deserves a lot of credit for. These are exciting times for First Majestic".

In addition to the completion of the new cyanidation plant, the Company also invested in improving the old flotation plant by installing several new flotation cells and ancillary equipment. Improvements in recoveries resulted immediately and will be evident in future production and financial results going forward.

Keith Neumeyer, CEO & President stated; "As this major milestone comes to its completion, this will result in our production of silver exceeding 6 million ounces this year and we can now look forward to other exciting challenges ahead. Congratulations should go out to all of our management, staff and construction crew for their professionalism and commitment to our growth strategy. This team is now readying itself for our next stage of expansion. Stay tuned."

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its significant corporate growth objectives.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of First Majestic Silver Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

For more information, please contact
First Majestic Silver Corp.
Keith Neumeyer
President & CEO
(604) 688-3033 or Toll Free: 1-866-529-2807
(604) 639-8873 (FAX)
info@firstmajestic.com
www.firstmajestic.com
Click here to see all recent news from this company

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