Issue link: http://resourceworld.uberflip.com/i/263953
www.resourceworld.com 13 F E B R U A R Y / M A R C H 2 0 1 4 FIRST MAJESTIC SILVER CORP. First Majestic Silver Corp. [FR-TSX; AG-NYSE; FMV-FSE] owns and operates five producing silver mines in Mexico: the La Parrilla silver mine, the San Martin sil- ver mine, the La Encantada silver mine, the La Guitarra silver mine, and the Del Toro silver mine. Production from these five mines is expected to be between 12.70 to 13.35 million ounces of pure silver or 14.85 to 15.60 million ounces of silver equiva - lents in 2014. This represents an increase in production of between 19% and 25% over 2013. In 2014, First Majestic plans to spend $106.0 million on sustaining capital for current operations and expansionary capital for numerous growth projects. The annual budget includes $42.3 million for plant, property and equipment, $55.7 mil - lion for development and $8.0 million for exploration. Total production during 2013 reached a new record of 12,791,527 equivalent ounces of silver, representing a 41% increase over 2012. PRIMERO MINING CORP. Primero Mining Corp. [P-TSX; PPP- NYSE] has a 100% interest in the producing San Dimas gold-silver mine and 69.2% of the Cerro del Gallo gold-silver-copper devel- opment project in the Sierra Madre Trend, Mexico. The San Dimas Mine has been in production for over a hundred years. Not only has Primero replaced depleted ore, the company will increase production to 160,000 oz gold equivalent this year. The current production rate of 2,000 tpd will be increased to 2,500 tpd in Q1 2014 and eventually to 3,000 tpd. Primero has a proposal to acquire Brigus Gold Corp. [BRD-TSX; NYSE MKT] which had 2013 production of 98,710 oz gold from its Black Fox Mine near Timmins, Ontario. Brigus also made a significant gold discov - ery at the nearby Grey Fox Project. Primero's fourth quarter production of 34,371 gold equivalent ounces resulted in record annual 2013 production of 143,114 gold equivalent ounces, 29% higher than 2012. MORE DISCOVERERS • African Gold Group Inc. [AGG-TSXV] • Almaden Minerals Ltd. [AMM-TSX; AAU-NYSE MKT] • Balmoral Resources Ltd. [BAR-TSX] • Barkerville Gold Mines [BGM-TSXV] • Bralorne Gold Mines [BPM-TSXV] • Gold Canyon Resources [GCU-TSXV] • Goldquest Mining Corp. [GQC-TSXV] • Gold Reach Resources [GRV-TSXV] • Gold Standard Ventures [GSV-TSX; NYSE MKT] • Klondex Mines Ltd. [KDX-TSX] • Macusani Yellowcake [YEL-TSXV] • Mason Graphite Inc. [LLG-TSXV] • Mega Precious Metals [MGP-TSXV] • Metanor Resources Inc. [MTO-TSXV] • Santacruz Silver Mining [SCZ-TSXV] • Sierra Metals Inc. [SMT-TSX; Lima] • Silver Bull Resources Inc. [SVB-TSX; SVBL-NYSE MKT] • Tinka Resources Ltd. [TK-TSXV] • Zenyatta Ventures Inc. [ZEN-TSXV]