08:59 AM EDT, 05/10/2018 (MT Newswires) -- First Majestic Silver (FR.TO) was marginally lower in recent pre-market trade after reporting late Wednesday weaker-than-expected results for Q1.

Adjusted loss per share was US$0.06 ($0.08), compared to last year's adjusted net income per share of US$0.02. Analysts polled by Capital IQ were expecting an adjusted loss of US$0.02 per share.

Revenues totaled US$58.6 million, a decrease of 15% compared to US$69.1 million last year, due to an 11% decrease in silver equivalent ounces sold and a 5% decrease in average realized silver price compared to the same quarter of the prior year. Capital IQ provided a single forecast for US$66.6 million.

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