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New York - AG 2021 Toronto - FR Frankfurt - FMV THIRD QUARTER 2021 HIGHLIGHTS ( compared to Q3 2020 ) ● fm FIRST MAJESTIC SILVER CORP . First Majestic Reports Third Quarter Financial Results and Quarterly Dividend Payment Vancouver , BC , Canada - FIRST MAJESTIC SILVER CORP . ( AG : NYSE ; FR : TSX ) ( the " Company " or " First Majestic " ) is pleased to announce the unaudited interim consolidated financial results of the Company for the third quarter ended September 30 , 2021. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . All amounts are in U.S. dollars unless stated otherwise . ● ● November 4 , Generated revenues of $ 124.6 million , representing a 1 % decrease due to the decision to withhold 1.4 million ounces of silver in inventory in an effort to maximize future profits . Had the Company sold these ounces at the end of the quarter it would have generated approximately $ 33.2 million in additional revenue using the quarterly average realized price of $ 23.10 per ounce Cash costs increased to $ 14.09 per AgEq ounce due to the addition of Jerritt Canyon All - in sustaining costs ( " AISC " ) increased to $ 19.93 per AgEq ounce primarily due to an increase in sustaining capital costs related to the $ 12.3 million Tailings Storage Facility 2 ( " TSF2 " ) lift project at Jerritt Canyon Mine operating earnings of $ 3.5 million during the quarter , compared to earnings of $ 48.0 million in Q3 2020 , the decrease in earnings was primarily attributed to lower silver ounces sold due to the holdback of 1.4 million ounces of silver along with higher costs attributed to the first full quarter of operations at Jerritt Canyon Net earnings of ( $ 18.4 ) million attributed to the reduction in revenue as a result of withholding 1.4 million ounces of silver from sales at quarter end Adjusted EPS of ( $ 0.07 ) after excluding non - cash and non - recurring items Cash flow per share of $ 0.09 ( non - GAAP ) Cash and cash equivalents at September 30 , 2021 were $ 192.8 million with strong working capital of $ 262.5 million Declared a third quarter cash dividend payment of $ 0.0049 per common share for shareholders of record as of the close of business on November 17 , 2021 which will be distributed on or about November 30 , 2021