January 16, 2018 / 2:12 PM / 7 months ago

BUZZ-First Majestic: 2017 silver production misses target

** Canadian miner posts annual silver production of 9.7 mln ounces, below co’s guidance of 10 mln ounces to 10.6 mln ounces

** Silver production at La Encantada Silver Mine, co’s largest operation, fell 20 pct in Q4 from preceding quarter

** La Encantada operations were halted from Oct.1-6 after a fatal accident

** Co expects 2018 silver production to be between 10.6 mln to 11.8 mln ounces due to higher silver grades from caving, start-up of new roasting circuit at La Encantada

** Up to Monday’s close, FR’s stock has fallen ~22 pct over 12 months (Reporting by Nishara Karuvalli Pathikkal)

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