October 15, 2018 / 3:36 PM / a month ago

BUZZ-First Majestic Silver: Q3 production jumps nearly 70 pct, shares up

** Shares of silver miner up 4.6 pct at C$8.38 - its highest in more than two months

** Q3 total production jumps 69 pct to 6.7 mln ounces of silver equivalent from a year-ago

** Co implements 20 pct cost reduction program across all areas of the business, expected to be fully realized by Q1 2019

** Up to Friday’s close, stock had fallen 5.5 pct this year (Reporting by Aaron Saldanha in Bengaluru)

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