First Majestic: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

VANCOUVER, British Columbia (AP) _ First Majestic Silver Corp. (AG) on Wednesday reported a loss of $39.9 million in its fourth quarter.

The Vancouver, British Columbia-based company said it had a loss of 19 cents per share. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.

The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The silver miner posted revenue of $96.5 million in the period.

For the year, the company reported that its loss narrowed to $40.5 million, or 20 cents per share. Revenue was reported as $363.9 million.

First Majestic shares have declined 17% since the beginning of the year. The stock has increased 64% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AG at https://www.zacks.com/ap/AG