First Majestic Silver Corp. announced production results for the fourth quarter and full year ended December 31, 2016. For the year, the company produced total production in 2016 reached a new record of 18.7 million equivalent ounces of silver, representing a 16% increase over 2015, consisting of 11.9 million ounces of silver, 62,436 ounces of gold, 33.2 million pounds of lead and 10.6 million pounds of zinc.

For the quarter, the company produced Production in the fourth quarter of 2016 totaled 4.4 million equivalent ounces of silver consisting of 2.8 million ounces of silver, 14,743 ounces of gold, 7.7 million pounds of lead and 1.2 million pounds of zinc.

The company provided production guidance for the year 2017. For 2017, the company anticipates 2017 silver production will range between 11.1 to 12.4 million ounces (or 16.6 to 18.5 million silver equivalent ounces) representing consistent silver production compared to 2016 and a slightly lower production of silver equivalent ounces primarily due to less byproduct credits expected at Santa Elena and La Parrilla.