Wow, read this in the M & D report. First Majestic loss 3.9 million in sales. Below is a copy and paste.

This is bad news, would have been a much better quarter and year total in terms of revenue.

http://www.firstmajestic.com/i/pdf/FSMDAYE2012.pdf

Below is a copy and paste from page 58 of the report.

During the year, a number of small final assay differences were detected beginning in April and continuing through

November 2012. Due to the length of time required to receive final assays and to completely investigate the

source of the differences, these minor differences continued between April and August before the Company was

able to launch a formal investigation in September and to make changes to limit further losses. Upon conclusion of

the investigation, a police report was filed regarding thefts from the deliveries in September, October and

November, and it was concluded that concentrates were being stolen from shipments in transit and replaced with

inert material. In total, losses on final assaying and concentrate in transit thefts amounted to approximately

129,000 ounces during the year. The thefts that were proven between September to November amounted to

47,346 silver ounces, for which an insurance claim has been submitted but not yet assessed. The net impact of all

assay shortfalls during the year reduced total revenues by an estimated $3.9 million, of which $1.4 million may be

mitigated with an insurance claim currently in progress. Going forward, the Company has made a number of

changes to prevent any further losses, beginning with a change of transportation companies to an armoured car

service with GPS tracking of trucks, convoying of trucks, immediate assaying performed through the Company’s

new central La Parrilla laboratory, and finally with changing of independent representatives at the broker’s

Manzanillo warehouse. The Company is confident that these changes should lead to a rapid reduction or

elimination of further losses on final assays or thefts of La Parrilla concentrates