Silver Producer First Majestic (AG) Reports Q3 Financial Results

First Majestic (AG: NYSE; FR: TSX) is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, the La Parrilla Silver Mine, the San Martin Silver Mine and the Del Toro Silver Mine. Production from these mines are projected to be between 12.0 to 13.2 million silver ounces or 20.5 to 22.6 million silver equivalent ounces in 2018.

This week First Majestic announced their unaudited interim consolidated financial results of the Company for Q3 ended September 30, 2018. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s website at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.

Q3 2018 HIGHLIGHTS as reported:

  • Record silver equivalent production of 6.7 million ounces, a 31% increase compared to Q2 2018
  • Record silver production of 3.5 million ounces, a 27% increase compared to Q2 2018
  • Revenues of $88.5 million, an 11% increase compared to Q2 2018
  • Mine operating earnings of ($0.1) million
  • Cash flow per share was $0.11 per share (non-GAAP)
  • Cash costs were $6.85 per payable silver ounce (net of by-product credits), a 10% decrease compared to Q2 2018
  • All-in sustaining costs (“AISC”) were $15.12 per payable silver ounce, an 8% decrease compared to Q2 2018
  • Realized average silver price reached a nine-year low of $14.66 per ounce, a 12% decrease compared to Q2 2018
  • Adjusted net earnings of ($6.4) million or ($0.03) per share
  • Invested $34.7 million on capital expenditures
  • Ended the quarter with $72.4 million in cash and cash equivalents

Keith Neumeyer, President, and CEO of First Majestic stated, “During the third quarter, we delivered record silver production resulting in higher revenues and cash flows compared to the previous quarter even when we experienced a nine-year low in average quarterly silver prices. Consolidated cash costs and AISC decreased nicely to $6.85 and $15.12, respectively, due to improved economies of scale and higher production from San Dimas. Cost cutting efforts remain a focus of the Company by reducing capital investments at our smaller mines, innovation projects, layoffs and overall curtailment of spending.”

To learn more and to track First Majestic’s progress, please visit & bookmark the Vista Partners’ First Majestic (AG) Coverage Page.

First Majestic Reports Third Quarter Financial Results

VANCOUVER, British Columbia, Nov. 07, 2018 — FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the unaudited interim…

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Silver Producer First Majestic’s Total Production Reaches a New Company Record In Q3 2018

First Majestic (NYSE: AG) is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, the La Parrilla Silver Mine, the San Martin Silver Mine and the Del Toro Silver Mine. Production from these mines are projected to be between 12.0 to 13.2 million silver ounces or 20.5 to 22.6 million silver equivalent ounces in 2018.

First Majestic Silver Corp. announced recently that total production in Q3 2018 reached a new Company record of 6.7 million silver equivalent ounces. Total production consisted of 3.5 million ounces of silver, 35,260 ounces of gold, 4.4 million pounds of lead and 1.2 million pounds of zinc. Silver production for the first three quarters of 2018 totaled 8.4 million ounces, or 15.8 million silver equivalent ounces, remaining in-line with the 2018 production guidance of between 12.0 to 13.2 million silver ounces or 20.5 to 22.6 million silver equivalent ounces.

 

 

 

 

 

Keith Neumeyer, President and CEO stated, “We had a very strong quarter with total production achieving a new record of 6.7 million silver equivalent ounces representing a 31% increase compared to the prior quarter. The record quarter was primarily due to the Company receiving a full quarter of production from the San Dimas operation, along with increases in consolidated silver and gold grades of 19% and 35%, respectively. In fact, five of our six mines recorded higher production levels as a result of these significant grade improvements. However, due to the prolonged weakness in the silver price we have implemented a 20% cost reduction program across all areas of the business which is expected to be fully realized by the first quarter of 2019.”

The Silver Institute states the following regarding silver use in industry:

From electrical switches and solar panels to chemical-producing catalysts, silver is an essential component in many industries. Its unique properties make it nearly impossible to substitute and its uses span a wide range of applications.

Almost every computer, mobile phone, automobile, and appliance contains silver. It is the perfect substance for coating electrical contacts – like those in printed circuit boards – because of its high electrical conductivity and durability. Painting silver ink on any non-metal surface provides an electrical pathway, eliminating the need for wires. For example, Radio Frequency Identification Device (RFID) chips are replacing bar codes on many items in supermarkets and supply chain inventories. The chips’ paper-thin antennas consist of sprayed-on silver.

 

First Majestic Produces a Record 6.7 Million Silver Equivalent Ounces in Third Quarter

VANCOUVER, B.C., Oct. 15, 2018 — First Majestic Silver Corp. (“First Majestic” or the “Company”) announces total production in the third quarter of 2018 reached a new Company…

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Coca-Cola Sets Date for Release of 3rd Quarter Results

Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere.

The Coca-Cola Company will release its third quarter of 2018 financial results on October 30, 2018, before the open of the New York Stock Exchange. Following the release of the financial results will be an investor conference call discussing the results is scheduled for 8:30 a.m. Eastern Time of the same day.

Investors can join a webcast for the even at http://www.coca-colacompany.com/investors. Files of the audio recording of the call and a transcript will be made available 24 hours after the call on the Coca-Cola company website.

To learn more about The Coca-Cola Company (KO) and to continue to track its progress please visit the Vista Partners Coca-Cola Company Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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The Coca-Cola Company Announces Timing of Third Quarter 2018 Earnings Release and Investor Conference Call

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Caterpillar Expected to Perform Well As It “Feeds” Mining, Oil & Gas Producers

Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent.

With mining and oil companies looking to update and replace aging equipment, Caterpillar, Inc. could see a spike in revenue & income.

Chad Dillard, a Deutsche Bank analyst, stated, “Caterpillar is earlier in its cycle than the market gives credit and our preferred way to play the early stage equipment replacement cycle. Mining and oil & gas producers have systematically underinvested in equipment and are in the early stages of replacing the equipment bought during the height of the commodity supercycle.”

Current estimates show that it is possible that mining and oil and gas sales could grow at 30 and 10 percent respectively for the next few years.

With its mining and oil and gas markets, Caterpillar should be more cushioned than other companies in the soft U.S. construction industry, with only 20 percent of its income stemming from equipment sales.

To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Buy Caterpillar as mining, oil and gas producers replace equipment, says Deutsche Bank

Deutsche Bank tells clients that Caterpillar is likely to see an uptick in revenues and share price as mining and oil companies look to renew aging equipment…

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Have You Read “Vista Partners Weekly Market Update 9-15-18?”

Vista Partners published “Vista Partners Weekly Market Update 9-15-18!” 

Each weekly issue is written by Vista Partners’ Managing Director, John Heerdink!

Each weekly issue includes updates on the stock market, a “Stocks To Watch” section, & featured daily stories & videos from Vista’s Coverage Universe of Dow 30 components, International and Select Emerging Growth Companies & more.

 Download the latest Exclusive FREE Newsletter at the Vista Partners’ Newsletters Page now.

Stay Informed! Stay Competitive!  Receive our FREE updates by signing up today!

 

 

 

 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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First Majestic Silver Corp. & Evrim Resources Corp. Exercise Project Option Agreements in Mexico

First Majestic Silver Corp.  (NYSE: AG) and Evrim Resources Corp. recently announced that the Ermitaño and Cumobabi project option agreements in Sonora, Mexico have now been exercised and that First Majestic has completed its 100% earn-in for both projects. In connection with the exercise, First Majestic has made a US$1.5 million cash payment to Evrim and has granted to Evrim, per the original 2014 option agreements, a 2% net smelter royalty (“NSR”) in the case of the Ermitaño project and a 1.5% NSR in the case of the Cumobabi project. They also confirmed that arbitration proceedings (previously announced on April 5, 2018) between Evrim and First Majestic have been terminated. The Ermitaño property consists of 16,526 hectares of mining concessions located adjacent to the Santa Elena claims which host the producing Santa Elena Main Vein and First Majestic’s 3,000 tonne per day processing plant. The Cumobabi property consists of 22,258 hectares of mining concessions located southeast of the Ermitaño property.

Evrim’s CEO, Paddy Nicol stated, “First Majestic’s ongoing advancement of the Ermitaño West deposit will continue to create significant value for Evrim shareholders. The inferred 40.8 million silver-equivalent ounce resource is located approximately four kilometres south of First Majestic’s operating mill at the Santa Elena mine. First Majestic is in the midst of a 13,000 metre infill and expansion drilling program at Ermitaño West that is designed to extend the deposit at depth, to the west, and to test the Aitana vein. We also look forward to additional work at the Cumobabi project where drilling was completed over the past year.”

Keith Neumeyer, President and CEO of First Majestic added, “Our exploration results at the Ermitaño West project has been extremely successful over the past 18 months and provides evidence of the regional potential across our vast 101,772 hectares of mining concessions to build additional resources in close proximity to our Santa Elena operation. Ermitaño’s maiden Inferred Resource of 40.8 million silver equivalent ounces is a significant discovery that has the potential to become a new, near-term source of production.”

First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. First Majestic presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, the La Parrilla Silver Mine, the San Martin Silver Mine and the Del Toro Silver Mine. Production from these mines are projected to be between 12.0 to 13.2 million silver ounces or 20.5 to 22.6 million silver equivalent ounces in 2018.

Evrim is a mineral exploration company whose goal is to participate in significant exploration discoveries supported by a sustainable business model. Evrim is well financed, has a diverse range of quality projects and a database covering substantial areas of Mexico and portions of southwestern United States. Evrim’s projects are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim’s business plan also includes royalty creation utilizing Evrim’s exploration expertise and existing projects.

First Majestic and Evrim Resources Agree to Exercise of Ermitaño and Cumobabi Option Agreements

VANCOUVER, British Columbia, Sept. 10, 2018– First Majestic Silver Corp. and Evrim Resources Corp. are pleased to announce that the Ermitaño and Cumobabi project option agreements in Sonora, Mexico have …..

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“Predictably South” Vista Partners Weekly Market Update 9-8-18

Vista Partners has published “Predictably South” Vista Partners Weekly Market Update 9-8-18and is accessible on our Newsletters Page. Each issue is written by the Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Newsletter topics include but are not limited to the following: investing, banks, world news, entertainment & movie industry, cryptocurrencies, healthcare, biotech, mining, technology, cybersecurity, & consumer trends.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

 

 

 

 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Caterpillar To Sell Purpose-Built Forestry Business

Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent.

Caterpillar, Inc. recently announced its entrance into a preliminary agreement to sell the Cat® purpose-built forestry business to Weiler, Inc. The agreement, which is expected to close by early 2019, is still open to negotiation of the final agreement.

In the agreement, Caterpillar will still provide forestry excavators and other core Caterpillar equipment to the forestry industry, and Weiler will design and manufacture purpose-built forestry products that will be made available through Cat and Prentice dealer networks.

The projected deal currently includes the line of purpose-built forestry products that consist of track feller bucnhers, wheel skidders, wheel feller bunchers, knuckleboom loaders, and related operations facilities such as the manufacturing plant and warehouse in the town of LaGrange, Georgia, the demonstration and training center in Auburn, Alabama, and the legacy Prentice parts distribution center in Smithfield, North Carolina.

Weiler has an upstanding history of the successful manufacturing of purpose-built equipment distributed through the Cat dealer network that currently includes an expansive portfolio of products.

The nearly 270 employees that are currently a part of the purpose-built forestry business will continue to keep employment with Weiler, and Caterpillar’s small number of employees will continue their roles in supporting forestry excavators and forest products field population.

Tom Pellette, Caterpillar Construction Industries Group President stated, “We remain committed to supporting our forestry customers and the forestry industry. The sale of the purpose-built forestry business enables Caterpillar and Weiler to serve the complete forestry industry while providing customers with the same outstanding sales and service support they’ve come to expect.” 

To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Dow 30 Component DowDupont Named to FTSE4Good Index Series, A Measure of ESG Practices

The Dow Chemical Company, Dow 30 component, is a part of the DowDupont Holding Company (DWDP), a business that is focused on agriculture, materials science and specialty product sectors that seek to lead their respective industries through productive, science-based innovation to meet the needs of customers and help solve global challenges.

DowDupont was recently named as a part of the FTSE4Good Index Series. Created by the global index provider, FTSE Russell, the FTSE4Good is arranged to measure a companies demonstration in strong environmental, social, and governance (ESG) practices. The index’s indices are used by a range of market participants in creating and evaluating responsible investment funds and other products.

The FTSE4Good indexes are to be used in four main ways:

  • Financial Products
  • Research
  • Reference
  • Benchmarking

DowDupont was honored with the fourth highest ESG rating in the chemical subsector with a score of 4 out of 5. The company performed especially well in the areas of Environment Supply Chain, Social Supply Chain, and Corporate Governance, with a perfect score of 5.0 in each of the previously mentioned areas. In relativity to the industry average, DowDupont also had notable scores in Biodiversity, Water Use, Climate Change, Human Rights, Health & Safety, Risk Management, and Tax Transparency.

Howard Ungerleider, chief financial officer, stated, DowDuPont“We are honored to be listed to the distinguished FTSE4Good Index for our industry-leading sustainability performance. Sustainability has long been fundamental to the strategies and value propositions of both Dow and DuPont. Going forward, we expect that each of the industry-leading companies we intend to create will continue to help advance the well-being of humanity through science, innovation and collaboration.

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To learn more about Dow and DowDuPont (DWDP) and to continue to track its progress please visit the Vista Partners DowDuPont Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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“Fall Has Arrived!…Now What?” Vista Partners Weekly Market Update 9-1-18

Vista Partners has published “Fall Has Arrived!…Now What?” Vista Partners Weekly Market Update 9-1-18 and is accessible on our Newsletters Page. Each issue is written by the Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Newsletter topics include but are not limited to the following: investing, banks, world news, entertainment & movie industry, cryptocurrencies, healthcare, biotech, mining, technology, cybersecurity, & consumer trends.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

 

 

 

 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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