First Majestic Silver Corp.: Production Commences at the Del Toro Silver Mine

First Majestic Silver Corp.: Production Commences at the Del Toro Silver Mine 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/25/13 -- First
Majestic Silver Corp. (TSX:FR)(NYSE:AG)(FRANKFURT:FMV) ("First
Majestic" or the "Company") is proud to announce that the Del Toro
Silver Mine, located in the state of Zacatecas, Mexico, has achieved
initial silver production. 
The Del Toro Silver Mine was inaugurated in a special ceremony on
January 23, 2013 which declared the new plant as officially open.
Approximately 250 people attended the event including several Mexican
Federal, State and Municipal authorities. The State Government was
represented by Governor Lic. Miguel Alonso Reyes, the Governor of
Keith Neumeyer, President and CEO stated; "The start-up of the Del
Toro Silver Mine marks a very important milestone for First Majestic.
This year, the Company will celebrate its 10 year anniversary by
breaking through 10 million ounces of silver production as a result
of Del Toro coming on stream. I would like to send my deepest
appreciation to everyone on our team who have all worked so hard in
getting our fifth producing mine up and running." 
Underground development within the three mines which comprise the Del
Toro Silver Mine (San Juan, Perseverancia/San Nicolas and Dolores)
has produced 97,700 tonnes of stockpiled ore which is currently
supplying feed to the processing plant. Commercialization of the
1,000 tonnes per day (tpd) flotation circuit is anticipated by April
1, 2013. Further development in the first half of 2013 will be
focused on preparing the mines for phase two of production, which
will include the addition of a 1,000 tpd cyanidation circuit. Phase
two start-up is expected by July 1, 2013, at which time, the mill is
expected to be running at a combined throughput rate of 2,000 tpd
(1,000 tpd flotation and 1,000 tpd cyanidation). 
The Company also remains on schedule for the third and final phase of
production (2,000 tpd flotation and 2,000 tpd cyanidation) by the
third quarter of 2014 at which time Del Toro is expected to become
the Company's largest operation and is projected to produce at an
annualized rate of approximately 6 million ounces of silver per year,
and significant amounts of lead and zinc. 
First Majestic is a producing silver company focused on silver
production in Mexico. The Company is aggressively pursuing its
business plan of becoming a senior silver producer through the
development of its existing mineral properties and the pursuit
through acquisition of additional mineral assets which contribute to
the Company achieving its aggressive corporate growth objectives. 
Keith Neumeyer, President & CEO 
This news release includes certain "Forward-Looking Statements" or
"forward-looking information" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities laws, respectively. When used in this news
release, the words "anticipate", "believe", "estimate", "expect",
"target", "plan", "forecast", "may", "schedule" and similar words or
expressions, identify forward-looking statements or information.
These forward-looking statements or information relate to, among
other things: the accuracy of mineral reserve and resource estimates;
the estimated cost and timing of development of our development
projects; the timing of completion of exploration programs and
preparation of technical reports; the effects of laws, regulations
and government policies on our operations, including, without
limitation, the laws in Mexico which currently have significant
restrictions related to mining; obtaining or maintaining necessary
permits, licences and approvals from government authorities; and
continued access to necessary infrastructure, including, without
limitation, access to power, land, water and roads to carry on
activities as planned. 
These statements reflect the Company's current views with respect to
future events and are necessarily based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance
or achievements that are or may be expressed or implied by such
forward-looking statements or information and the Company has made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: fluctuations in
the spot and forward price of silver, gold, base metals or certain
other commodities (such as natural gas, fuel oil and electricity);
fluctuations in the currency markets (such as the Canadian dollar and
Mexican peso versus the U.S. dollar); changes in national and local
government, legislation, taxation, controls, regulations and
political or economic developments in Canada or Mexico; the Company's
cash flow and availability of alternate sources of capital; operating
or technical difficulties in connection with mining or development
activities; risks and hazards associated with the business of mineral
exploration, development and mining (including environmental hazards,
industrial accidents, unusual or unexpected formations, pressures,
cave-ins and flooding); risks relating to the credit worthiness or
financial condition of suppliers, refiners and other parties with
whom the Company does business; inability to obtain adequate
insurance to cover risks and hazards; and the presence of laws and
regulations that may impose restrictions on mining or development,
including those currently enacted in Mexico; employee relations;
relationships with and claims by local communities and indigenous
populations; availability and increasing costs associated with mining
inputs and labour; the speculative nature of mineral exploration and
development, including the risks of obtaining necessary licenses,
permits and approvals from government authorities; diminishing
quantities or grades of mineral reserves as properties are mined; the
Company's title to properties; and the factors identified under the
caption "Risk Factors" in the Company's Annual Information Form,
under the caption "Risks Relating to First Majestic's Business". 
Investors are cautioned against attributing undue certainty to
forward-looking statements or information. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be anticipated, estimated or intended. The Company
does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events affecting
such statements or information, other than as required by applicable
First Majestic Silver Corp.
Toll Free: 1.866.529.2807
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