Importantly, First Majestic added that at the end of the quarter, the company held 1.4 million ounces of silver in inventory due to suppressed silver prices in the third quarter. In the first nine months of 2021, the company said it has produced 9.5 million ounces of silver and 124,942 ounces of gold for total production of 18.3 million silver equivalent ounces, or approximately 69% of the company's 2021 guidance midpoint of producing 25.7 to 27.5 million ounces. ![]() ![]() (Kitco News) - First Majestic Silver announced today that its total production in Q3 2021 reached a new record of 7.3 million silver equivalent ounces (3.3 million ounces of silver and 54,525 ounces of gold), a 41% increase compared to Q3 2020. Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions.
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