By Marcelo Rochabrun and James Attwood
Bloomberg News
Friday, May 9, 2025
Peruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that has seen an increase in criminal activity, culminating in the murder of 13 mine workers.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
The central bank estimates that companies will lose about 60,000 ounces of production in the next 30 days, its chief economist Adrian Armas told reporters Friday. That's worth about $200 million at current prices and represents about 20% of the country's total output in February, the most recent production data available.
The most impacted company will be Cia Minera Poderosa, which operates a major gold mine in an area that has become a hotbed of violence. ...
... For the remainder of the report:
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16 [5]
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png [5]