First Majestic Silver expects 2013 output to rise faster than last year’s growth

VANCOUVER – First Majestic Silver Corp. (TSX:FR) estimates its silver-equivalent output this year will be nearly 40 per cent higher than in 2012 which was, in turn, 20 per cent higher than in 2011. The Vancouver-based company, which has five operating mines, had $22.4 million of net earnings in the fourth quarter, or 19 cents per share, with $71 million of revenue. For the full year, its profit was $88.9 million or 80 cents per share with $247.2 million of revenue.