1/7/2024 0 Comments Firstmajestic silverAt the end of the fourth quarter, 21 exploration drill rigs were active across the Company's mines consisting of seven rigs at San Dimas, nine rigs at Jerritt Canyon, three rigs at Santa Elena and two rigs at La Encantada.This represents a significant 84% increase in total production from the prior quarter and the highest quarterly production since acquiring the mine in 2015. A total of 2.0 million silver equivalent ounces were produced in the quarter consisting of 426,870 ounces of silver and 19,810 ounces of gold. In November, the Company began test batching surface stockpiles from ErmitaƱo at the Santa Elena processing plant and in December declared initial production, ahead of schedule, which resulted in a new quarterly production record at Santa Elena.San Dimas produced a record 4.0 million silver equivalent ounces, consisting of 2.2 million ounces of silver and 23,795 ounces of gold, representing a 17% increase in total production from the prior quarter and the highest quarterly production since acquiring the mine in 2018. Gold production reached 67,411 ounces, representing a 24% increase from the prior quarter and the Company's highest quarterly gold production. Silver production reached 3.4 million ounces, representing a 2% increase over the prior quarter and the Company's third highest quarterly silver production.
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