First Majestic (AG) 2023 Silver-Equivalent Production Falls Y/Y

First Majestic Silver Corp. (AG) announced that its total production reached 6.6 million silver equivalent (AgEq) ounces in the fourth quarter of 2023. The figure consists of 2.6 million silver ounces and 46,585 gold ounces.AgEq ounces produced moved up 6% from the third quarter of 2023. The 4% rise in gold output was offset by a 7% drop in silver production. The increased production was driven by Santa Elena's record quarterly production, somewhat offset by lower silver production at La Encantada due to pe ...