First Majestic Silver Corp.

09:50 AM EST - First Majestic Silver Corp. : Announced the Company’s 2020 production and cost guidance including capital investments and future growth initiatives. All amounts are in U.S. dollars. The Company expects 2020 silver production to range between 11.8 to 13.2 million ounces with total production (including gold by-products) between 21.5 to 24.0 million silver equivalent ounces. The Company’s guidance only assumes production coming from its three largest mines: the San Dimas, Santa Elena and La Encantada mines. The Company is projecting its 2020 All-in Sustaining Cost (AISC) per ounce, as defined by the World Gold Council, to be within a range of $13.37 to $15.46 on a per consolidated payable silver ounce basis. Excluding non-cash items, the Company anticipates its 2020 AISC to be within a range of $12.54 to $14.53 per payable silver ounce. First Majestic Silver Corp. shares T.FR are trading down $0.84 at $13.15.