From NASDAQ:

MAG Silver Corp. reported a strong performance for the Juanicipio Project in the fourth quarter of 2023, producing 4.5 million ounces of silver and 10,591 ounces of gold. This marked the project’s inaugural year and ramp-up phase, demonstrating impressive results. The project’s commercial production began on Jun 1, 2023, as MAG Silver transitioned from a developer to a producer of silver and gold.

Pan American Silver reported silver production of 4.84 million ounces and gold production of 267.8 thousand ounces for the fourth quarter of 2023. In 2023, the company achieved a consolidated silver production of 20.4 million ounces, an 11% increase from the previous year, as well as a gold production of 882.9 thousand ounces, marking a 60% increase from 2022 levels.

In the fourth quarter of 2023, First Majestic Silver Corp. achieved total production of 6.6 million silver equivalent (AgEq) ounces, including 2.6 million silver ounces and 46,585 gold ounces. This marked a 6% increase from the third quarter, driven by a record quarterly production at Santa Elena. First Majestic’s total 2023 production came to 26.9 million AgEq ounces, within the company’s guidance range of 26.2-27.8 million AgEq ounces.

As for Hecla Mining, the company reported 2.9 million silver ounces and 37,168 gold ounces for the fourth quarter of 2023. In 2023, Hecla’s silver production inched up 1% year over year to 14.3 million ounces, while gold production was down 14% year over year to 151,259 ounces.

The Mining – Silver industry saw notable performances by MAG Silver, Pan American Silver, First Majestic Silver, and Hecla Mining in the fourth quarter of 2023. These figures reflect the ongoing strength and potential within the silver and gold production sector. For more information on these figures, visit the original article on Zacks.com.



Read more: MAG Silver (MAG) Reports Solid Production at Juanicipio