First Majestic Silver posts net loss of $84M in Q2 due to income tax expense, declares dividend

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First Majestic Silver posts net loss of $84M in Q2 due to income tax expense, declares dividend kitconews gold silver metals mining finance economics investing

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The increase in revenues was primarily attributed to inclusion of a full quarter of production from Jerritt Canyon and the processing of the Ermitaño ore at the Santa Elena mill, partially offset by weaker metal prices, the company said. The company also reported net earnings of ) compared to $15.6 million in the second quarter of 2021.

Importantly, the company announced that its Board of Directors has declared a cash dividend payment in the amount of $0.0061 per common share for the second quarter of 2022.

 

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