So that’s next Thursday and they’ll be going through this a bit more and I think you can usually log on and ask questions there. But anyway, in terms of what we have here from the four operating mines in 2025, they’re expecting a total of 27.8 to 31.2 million silver equivalent ounces, which includes 13.6 to 15.3 million ounces of actual silver. Rest is all primarily gold and the increase in the forecasted silver production comes down to a few things. Obviously the Gatos contribution and also an increase in production from Santa Elena and now full year at Latin Quintada with the water source resolve.

So they are certainly expecting an increase. Here you can see the Mine by Mine breakdown and Los Gatos coming in at 8.4 to 9.4 million silver equivalent ounces, Santa Elena right around that 8.2 ish midpoint, San Dimas 9.5 in the 9 to 10 range and then Latin Quintada down there 2.7 to 3.1 million silver equivalent ounces. Again you can see the actual and important to distinguish here’s the actual silver production and then you see the gold lead and zinc. They also mentioned that they are looking at an all-in-sustaining cost of 1989 to 2127, excluding non-cash items that goes down a little bit to 1935 to 2067.

And you can certainly pause here and see the calculations about how they get there. And they also had an update about the capital investments in 2025 with 182 million in capital expenditures breaking down to 80 million for sustaining activities and 102 million for expansionary products. That’s an increase of 34% versus 2024. And their guidance also had total capital investments of 74 million for underground development, 49 million in exploration, 56 million towards property plant and equipment, and 3 million towards corporate innovation projects. They’re planning 270,000 meters of exploration drilling in 2025 versus just under 183,000 in 2024.

And the 2025 program consists of 112,000 meters of drilling at San Dimas for infill step-out and exploration holes on near mine and brownfield targets. They’re hoping to add inferred resources along the known veins and also convert inferred to indicated resources as well as identifying new veins and locations where they’ve already done some work. Santa Elena, they’re planning 57,000 meters of drilling, which includes greenfield and brownfield on a few targets within a five kilometer radius around the Santa Elena processing plant. Cerro Los Gatos has 76,000 meters of drilling planned with the exploration focusing on testing potential areas for mineralization at the central deep and southeast targets.

And at Jarrett Canyon, they have 18,000 meters of drilling plan focused on testing the extension of the known ore controlling structures. And First Majestic also planning approximately 35,000 meters of underground development in 2025 versus 32,000 in 2024. And again, they are hosting that conference call next Thursday, February 20th at 830 a.m. Pacific time. And anyway, just wanted to pass along that news. Can click on the link in the description field below to find out more and read the full press release. And with that said, go out there and have a great weekend and we will see you again next week.

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