Keith Neumeyer, President & CEO, stated, "2012 was another ambitious year for First Majestic, as we continued to invest in our infrastructure to prepare for another growth spurt in the next two years. The construction of Phase 1 of the Del Toro plant began in April 2011 and was virtually complete by the end of 2012. La Parrilla's processing plant was doubled in capacity to 2,000 tpd by March of 2012, and we achieved the acquisition and integration of La Guitarra mine in the second half of the year. We are now excited to see a further 40 percent increase in our production growth to approximately 13 million silver equivalent ounces in 2013. Recognition is due to our dedicated management team and staff who continue to do an outstanding job and should be congratulated for their outstanding efforts in 2012. The year marked the ninth consecutive year that First Majestic has achieved record production of silver and management is looking forward to its 10th year of growth in 2013."