Canadian silver miner to boost production

Photo: First Magestic

Production to expand Canadian miner First Majestic Silver is planning to ramp up investments this year to boosts its silver output in 2021.


“For 2020, our focus remains on adopting new innovation projects to mod-ernize our processing plants to achieve higher recoveries, improve effi-ciencies and reduce operating costs,” Keith Neumeyer, the miner’s pres-ident and CEO, said in a statement. “We have witnessed significant ben-efits from high-intensity grinding at our Santa Elena operation in 2019 and we plan to install the same technology at San Dimas in 2020. In addition, we continue to advance underground development activities at the Er-mitaño project near Santa Elena to prepare the mine for initial production in early 2021.”


Neumeyer said the company’s “increased investments in underground development and innovation in 2020 is expected to result in significant production growth in 2021 and beyond.”


For 2020, First Majestic forecasts its silver production to range between 11.8 to 13.2 million oz, with the miner’s total production including gold by-products to range between 21.5 and 24 million silver equivalent oz.