First Majestic Has Record High 3Q Silver Equivalent Production

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First Majestic Silver Corp. is having a great 3Q! They’ve “produced a company record 3,370,457 equivalent ounces of silver in the third quarter, a 38% increase year-on-year. Total silver production for the quarter consisted of 2,689,237 ounces of silver, representing an increase of 22% compared to the same quarter in 2012, the company says,” (Kitco).

“While the third quarter was another volatile period for silver prices, we continue to make progress with our growth strategy in Mexico,” says Keith Neumeyer, president and chief executive officer of First Majestic.

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Indian silver saw a 1.7 percent drop on Tuesday, October 15, making it the biggest mover of the day. US silver fell 0.3 percent yesterday. The price of Chinese silver declined 0.1 percent. The price of Japanese silver flattened after two days of downward movement.

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Following a two-day drop, the price of Chinese gold bullion increased by 0.1 percent. The price of US gold bullion steadied following two-days of dropping prices. For the fifth day in a row, the price of Indian gold bullion remained essentially flat. Following two days of downward movement, the price of Japanese gold bullion held steady.

US platinum bar prices inched up 0.9 percent. The price of Chinese platinum bar increased 0.3 percent. The price of Japanese platinum bar remained essentially flat.

Chinese palladium bar prices rose 0.6 percent. US palladium bar gained 0.1 percent to finish. Japanese palladium bar saw little change in its price on Tuesday.