Excluding Jerritt Canyon, cash costs and AISC for the three Mexican operations were $11.93 and $15.63 per AgEq ounce, respectively.Īdjusted net earnings of ($17.4) million (adjusted EPS of ($0.07)) (See "Non-GAAP Financial Measures", below) after excluding non-cash and non-recurring items. Operating cash flows before working capital and taxes of $13.4 million, a decrease of 52% compared to Q3 2022.Ĭonsolidated cash costs were $15.36 per AgEq ounce and AISC were $20.69 per AgEq ounce. Quarterly revenues totalled $148.2 million, a decrease of 7% compared to Q3 2022. Total production of 7.6 million AgEq ounces, a decrease of 14% compared to an all-time record Q3 2022, consisting of 2.4 million ounces of silver and 63,039 ounces of gold. ![]() The Company also ended the year with strong working capital of $202.9 million. The Company paid $6.9 million in dividends to shareholders in 2022.Įnded the year with cash and cash equivalents of $151.4 million, excluding $125.2 million held in restricted cash. Realized an average silver price of $22.49 per payable AgEq ounce, representing an 11% decrease compared to 2021. Excluding Jerritt Canyon, cash costs and AISC for the three Mexican operations were $11.13 and $14.42 per AgEq ounce, respectively.Īdjusted net earnings of ($55.4) million, or ($0.21) per share, after excluding non-cash or unusual items. Operating cash flows before working capital and taxes of $109.4 million, a decrease of 38% compared to 2021 due to inflation and elevated costs at Jerritt Canyon.Ĭonsolidated cash costs were $14.39 per AgEq ounce and All-In Sustaining Costs ("AISC") (see "Non-GAAP Financial Measures", below) were $19.74 per AgEq ounce. Record annual revenues of $624.2 million, representing a 7% increase compared to 2021. Record production of 31.3 million silver equivalent ("AgEq") ounces, consisting of 10.5 million silver ounces and 248,394 gold ounces, or a 16% increase compared to 2021. ![]() The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at on SEDAR at and EDGAR at All amounts are in U.S. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to announce the consolidated financial results for the Company's fourth quarter and year ended December 31, 2022. February 23, 2023) - FIRST MAJESTIC SILVER CORP. Vancouver, British Columbia-(Newsfile Corp.
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