<SEC-DOCUMENT>0001062993-16-011716.txt : 20161013
<SEC-HEADER>0001062993-16-011716.hdr.sgml : 20161013
<ACCEPTANCE-DATETIME>20161013070118
ACCESSION NUMBER:		0001062993-16-011716
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161013
FILED AS OF DATE:		20161013
DATE AS OF CHANGE:		20161013

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST MAJESTIC SILVER CORP
		CENTRAL INDEX KEY:			0001308648
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34984
		FILM NUMBER:		161934054

	BUSINESS ADDRESS:	
		STREET 1:		925 WEST GEORGIA STREET
		STREET 2:		SUITE 1805
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3L2
		BUSINESS PHONE:		604-688-3033

	MAIL ADDRESS:	
		STREET 1:		925 WEST GEORGIA STREET
		STREET 2:		SUITE 1805
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3L2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST MAJESTIC RESOURCE CORP
		DATE OF NAME CHANGE:	20041115
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>First Majestic Silver Corp.: Form 6K - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF" style="font-size: 10pt;">
<hr noshade align="center" width="100%" size=3 color="black">


<p align="center"><font size="5"><strong>UNITED STATES<br>
  SECURITIES AND EXCHANGE COMMISSION</strong></font><br>
  Washington, D.C. 20549</p>

<p align="center"><b><font size="5">FORM 6-K</font></b></p>
<p align="center"><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
  OR 15d-16 <br>
  UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p>
<P align=center>For the month of <u><b>October 13, 2016</b></u></P>
<P align=center>Commission File Number <B><u>001-34984</u></B></P>
<p align="center"><b><u><font size=5>FIRST MAJESTIC SILVER CORP. </font></u></b> <br>(Translation of registrant's name into English) </p>

<p align="center"><b><u>925 West Georgia Street, Suite 1805, Vancouver BC V6C 3L2</u></b><br>(Address of principal executive offices) </p>

<p align="center">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</p>
<p align="center">[<font style="font-size:1px;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>] Form 20-F &nbsp;&nbsp;[ x ] Form 40-F</p>

<p align="center">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [<font style="font-size:1px;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>]</p>
<p align="center"> Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [<font style="font-size:1px;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>]</p>
<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">
<p align="center"><img src="fmlogo.jpg" width="194" height="116"></p>
<p align="center"><b><u>SUBMITTED HEREWITH</u></b></p>

<p align="left"><u>Exhibits</u></p>

<table style="font-size: 10pt;" width="100%" border="0" cellspacing="0" cellpadding="0">
<tr><td width="5%" valign="top" bgcolor="#EEEEEE">&nbsp;</td><td width="5%" valign="top" bgcolor="#EEEEEE"><a href="exhibit99-1.htm">99.1</a></td>
<td bgcolor="#EEEEEE"><a href="exhibit99-1.htm">Material Change Report dated October 13, 2016</a></td>
</tr>
</table>

<p>&nbsp;</p>

<hr noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">

<p align="center"><B>SIGNATURES </B></p>

<P align=justify>Pursuant to the requirements of the Securities Exchange Act of
  1934, the registrant has duly caused this report to be signed on its behalf by
  the undersigned, thereunto duly authorized. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>
  <TR vAlign=top>
    <TD align=left>FIRST MAJESTIC SILVER CORP. </TD>
    <TD align=left width="60%"  >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="60%"  >&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>By: </TD>
    <TD align=left width="60%"  >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="60%"  >&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><I>/s/ Connie
      Lillico</I> </TD>
    <TD align=left width="60%"  >&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Connie Lillico </TD>
    <TD align=left width="60%"  >&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>Corporate Secretary </TD>
    <TD align=left width="60%"  >&nbsp;</TD>
  </TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="60%"  >&nbsp;</TD>
  </TR>
  <TR vAlign=top>
    <TD align=left>October 13, 2016</TD>
    <TD align=left width="60%"
>&nbsp;</TD>
  </TR>
</TABLE>
<p>&nbsp; </p>

<hr noshade align="center" width="100%" size=5 color="Black"></BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
   <TITLE>First Majestic Silver Corp. - Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
<A name=page_1></A>
<P align=center><B>Form 51-102F3</B> <BR><B><I>Material Change Report</I></B>
<BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>1.</B> </TD>
    <TD align=left width="90%" ><B>Name and Address of
      Company</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >FIRST MAJESTIC SILVER CORP. (the
      &#147;Company&#148;) </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >1805 &#150; 925 West Georgia Street
  </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >Vancouver, BC V6C 3L2 CANADA
  </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >Telephone:&nbsp;&nbsp;&nbsp;
      (604) 688-3033 </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%"
      >Facsimile:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(604) 639-8873
    </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>2.</B> </TD>
    <TD align=left width="90%" ><B>Date of Material Change</B>
  </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >October 13, 2016 </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>3.</B> </TD>
    <TD align=left width="90%" ><B>News Release</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >The press release was
      disseminated through the services of Marketwired. </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>4.</B> </TD>
    <TD align=left width="90%" ><B>Summary of Material Change</B>
    </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left></TD>
    <TD align=left width="90%" >
      <P align=justify>The Company announced that total production in the third
      quarter of 2016 from its six operating silver mines reached 4.5 million
      silver equivalent ounces. Total production consisted of 3.1 million ounces
      of silver, 14,452 ounces of gold, 8.0 million pounds of lead and 1.5
      million pounds of zinc. </P></TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>5.</B> </TD>
    <TD align=left width="90%" ><B>Full Description of Material
      Change</B> </TD></TR></TABLE>
<P style="MARGIN-LEFT: 10%"
align=justify><B>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Full Description of Material Change</B></P>
<P style="MARGIN-LEFT: 10%" align=justify>See Schedule &#147;A&#148; attached hereto. </P>
<P style="MARGIN-LEFT: 10%"
align=justify><B>5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;Disclosure for Restructuring Transactions</B> </P>
<P style="MARGIN-LEFT: 10%" align=justify>Not applicable. </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>6.</B> </TD>
    <TD align=left width="90%" ><B>Reliance on subsection 7.1(2)
      or (3) of National Instrument 51-102</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >Not applicable </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>7.</B> </TD>
    <TD align=left width="90%" ><B>Omitted Information</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >Not applicable. </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>8.</B> </TD>
    <TD align=left width="90%" ><B>Executive Officer</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >Keith Neumeyer, President &amp;
      CEO </TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >Telephone: (604) 688-3033
      Facsimile: (604) 639-8873 </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left><B>Item</B> <B>9.</B> </TD>
    <TD align=left width="90%" ><B>Date of Report</B> </TD></TR>
  <TR>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="90%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left>&nbsp;</TD>
    <TD align=left width="90%" >October 13, 2016
</TD></TR></TABLE><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_2></A><BR>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD align=center><U>SCHEDULE &#147;A&#148; </U></TD></TR>
  <TR>
    <TD>&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=center><B><FONT size=5>FIRST MAJESTIC SILVER CORP.
  </FONT></B></TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Suite 1805 &#150; 925 West Georgia Street </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Vancouver, B.C., Canada V6C 3L2 </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Telephone: (604) 688-3033 Fax: (604) 639-8873 </TD></TR>
  <TR vAlign=bottom>
    <TD align=center>Toll Free: 1-866-529-2807 </TD></TR>
  <TR vAlign=top>
    <TD align=center>Web site: www.firstmajestic.com; E-mail:
      info@firstmajestic.com </TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid"
  align=center>&nbsp;</TD></TR></TABLE>
<P align=center><B><FONT size=5>NEWS RELEASE</FONT></B></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>New York &#150; AG </TD>
    <TD align=right width="50%">October 13, 2016 </TD></TR>
  <TR vAlign=top>
    <TD align=left>Toronto &#150; FR </TD>
    <TD align=left width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>Frankfurt &#150; FMV </TD>
    <TD align=left width="50%">&nbsp; </TD></TR>
  <TR vAlign=top>
    <TD align=left>Mexico - AG </TD>
    <TD align=left width="50%">&nbsp; </TD></TR></TABLE>
<P align=center><B><U>First Majestic Achieves New Record in Silver
Production;</U></B><BR><B><U>Produces 4.5 million Silver Eqv. Ounces in Third
Quarter</U></B><BR></P>
<P align=justify>First Majestic Silver Corp. ("First Majestic" or the "Company")
is pleased to announce that total production in the third quarter of 2016 from
its six operating silver mines reached 4.5 million silver equivalent ounces.
Total production consisted of 3.1 million ounces of silver, 14,452 ounces of
gold, 8.0 million pounds of lead and 1.5 million pounds of zinc. </P>
<P align=justify>&#147;Higher silver grades, throughput rates and recoveries
propelled silver production to a new Company record of over 3.1 million ounces
during the quarter,&#148; said Keith Neumeyer, President &amp; CEO. &#147;We saw
significant grade improvements, particularly at Santa Elena, La Guitarra and San
Martin, as a result of improved mine sequencing and dilution control. Due to the
improved operational cash flows, we&#146;ve significantly expanded our exploration
programs resulting in 19 drill rigs currently active on our properties which
will allow us to release updated Reserve and Resource estimates for Del Toro, La
Parrilla and San Martin in the first quarter of 2017. At La Encantada, detailed
engineering has been completed and furnace manufacturing has started for the
construction of our new roasting circuit planned for final completion in the
fourth quarter of 2017.&#148;&#148;</P>
<P align=justify><B><U>Production Details Table:</U></B></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=3 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>&nbsp; </TD>
    <TD align=center width="14%"><B>Q3 </B></TD>
    <TD align=center width="14%"><B>Q3 </B></TD>
    <TD align=center width="14%"><B>Y/Y </B></TD>
    <TD align=center width="14%"><B>Q2 </B></TD>
    <TD align=center width="14%"><B>Q/Q </B></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=left>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="14%"><B>2016 </B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="14%"><B>2015 </B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="14%"><B>Change </B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="14%"><B>2016 </B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="14%"><B>Change </B></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 2px solid" align=left>Ore processed/tonnes
      milled </TD>
    <TD width="14%" align=center bgcolor="#BFBFBF"><B>838,233 </B></TD>
    <TD align=center width="14%">675,032 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE">24% </TD>
    <TD align=center width="14%">798,182 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE" style="BORDER-RIGHT: #000000 2px solid">5%  </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 2px solid" align=left>Total
      production-ounces of silver equivalent </TD>
    <TD width="14%" align=center bgcolor="#BFBFBF"><B>4,524,619 </B></TD>
    <TD align=center width="14%">3,558,035 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE">27% </TD>
    <TD align=center width="14%">4,681,608 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE" style="BORDER-RIGHT: #000000 2px solid">-3%    </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 2px solid" align=left>Total silver ounces
      produced </TD>
    <TD width="14%" align=center bgcolor="#BFBFBF"><B>3,114,627 </B></TD>
    <TD align=center width="14%">2,593,309 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE">20% </TD>
    <TD align=center width="14%">2,844,930 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE" style="BORDER-RIGHT: #000000 2px solid">9%  </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 2px solid" align=left>Silver grade (g/t)
    </TD>
    <TD width="14%" align=center bgcolor="#BFBFBF"><B>150 </B></TD>
    <TD align=center width="14%">167 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE">-10% </TD>
    <TD align=center width="14%">148 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE" style="BORDER-RIGHT: #000000 2px solid">1%  </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 2px solid" align=left>Silver recovery (%)
    </TD>
    <TD width="14%" align=center bgcolor="#BFBFBF"><B>77 </B></TD>
    <TD align=center width="14%">72 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE">7% </TD>
    <TD align=center width="14%">75 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE" style="BORDER-RIGHT: #000000 2px solid">3%  </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 2px solid" align=left>Pounds of lead
      produced </TD>
    <TD width="14%" align=center bgcolor="#BFBFBF"><B>8,038,206 </B></TD>
    <TD align=center width="14%">8,743,453 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE">-8% </TD>
    <TD align=center width="14%">8,825,234 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE" style="BORDER-RIGHT: #000000 2px solid">-9%    </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 2px solid" align=left>Pounds of zinc
      produced </TD>
    <TD width="14%" align=center bgcolor="#BFBFBF"><B>1,519,143 </B></TD>
    <TD align=center width="14%">3,122,498 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE">-51% </TD>
    <TD align=center width="14%">3,837,301 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE" style="BORDER-RIGHT: #000000 2px solid">-60%    </TD>
  </TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 2px solid; BORDER-BOTTOM: #000000 2px solid"
    align=left>Gold ounces produced </TD>
    <TD
      width="14%" align=center bgcolor="#BFBFBF" style="BORDER-BOTTOM: #000000 2px solid"><B>14,452 </B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="14%">4,434 </TD>
    <TD width="14%" align=center bgcolor="#EEEEEE" style="BORDER-BOTTOM: #000000 2px solid">226%    </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="14%">16,371 </TD>
    <TD width="14%"
    align=center bgcolor="#EEEEEE"
    style="BORDER-RIGHT: #000000 2px solid; BORDER-BOTTOM: #000000 2px solid">-12% </TD>
  </TR></TABLE></DIV><BR>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=center>2</P>
<P align=justify><B><U>Quarterly Operational Review:</U></B><B> </B></P>
<P align=justify>Total ore processed during the quarter at the Company's six
operating silver mines: Santa Elena, La Encantada, La Parrilla, Del Toro, San
Martin and La Guitarra, amounted to 838,233 tonnes, reflecting a 5% increase
compared to the previous quarter. In the month of August, processing rates at
Del Toro, La Parrilla, San Martin and La Guitarra were affected by the heavy
seasonal rains causing temporary clogging of ore in the crushing areas.</P>
<P align=justify>Average silver grades in the quarter increased to 150 g/t
compared to 148 g/t in the previous quarter. Higher silver grades were achieved
at Santa Elena, La Guitarra and San Martin due to improved mine sequencing and
dilution control &#150; however, offset by lower grades at La Encantada due to the
blending of ore from old stopes, stockpiles and the recovery of pillars.</P>
<P align=justify>Combined silver recoveries averaged 77%, representing a 3%
increase compared to the previous quarter. La Encantada, Del Toro, La Guitarra
and Santa Elena all achieved higher silver recoveries during the quarter.
Furthermore, silver recoveries at Santa Elena achieved a new operating record of
91% primarily due to the higher silver grades being mined from underground.</P>
<P align=justify>The Company's underground development in the third quarter
consisted of 12,764 metres, reflecting a 9% increase compared to 11,738 metres
completed in the previous quarter. The Company also completed 36,290 metres of
diamond drilling in the quarter compared to 19,342 metres in the prior quarter,
representing an 88% increase. A substantial portion of the current drilling and
development is for the purpose of updating Mineral Reserves and Resources at Del
Toro, La Parrilla and San Martin. Updated NI 43-101 Technical Reports for each
of these three mining units are expected to be released in the first quarter of
2017. </P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=3 width="100%" border=0>

  <TR vAlign=top>
    <TD colspan="10" align=left style="BORDER-BOTTOM: #000000 1px solid"><FONT
      size=4><B>Mine by Mine Quarterly Production Table: </B></FONT><FONT
      size=4>&nbsp;</FONT><FONT
      size=4>&nbsp;</FONT><FONT
      size=4>&nbsp;</FONT><FONT
      size=4>&nbsp;</FONT><FONT
      size=4>&nbsp; </FONT><FONT
      size=4>&nbsp; </FONT><FONT
      size=4>&nbsp; </FONT><FONT
      size=4>&nbsp; </FONT><FONT
      size=4>&nbsp;</FONT></TD>
    </TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center>&nbsp; </TD>
    <TD align=center width="10%">&nbsp; &nbsp;<B>Ore</B></TD>
    <TD align=center width="10%"><B>Tonnes</B><B> </B></TD>
    <TD align=center width="10%">&nbsp;<STRONG>Silver Grade </STRONG></TD>
    <TD align=center width="10%"><B>Silver</B><B> </B></TD>
    <TD align=center width="10%"><B>Silver </B><B>Oz</B><B>
    </B></TD>
    <TD align=center width="10%"><B>Gold </B><B>Oz</B><B>
</B></TD>
    <TD align=center width="10%"><B>Pounds </B><B>of</B><B>
    </B></TD>
    <TD align=center width="10%"><B>Pounds </B><B>of</B><B>
    </B></TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=center
      width="10%"><STRONG>Equivalent</STRONG>&nbsp;&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center><B>Mine </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="10%"><B>Processed</B><B> </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="10%"><B>per </B><B>Day</B><B> </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="10%"><B>(g/t)</B><B> </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="10%"><B>Recovery </B><B>%</B><B> </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="10%"><B>Produced</B><B> </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="10%"><B>Produced</B><B> </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="10%"><B>Lead</B><B> </B></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
      width="10%">&nbsp; &nbsp; &nbsp;<B>Zinc</B><B> </B></TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
    align=center width="10%"><B>Silver </B><B>Ounces</B></TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center><B>Santa
      </B><B>Elena </B></TD>
    <TD align=center width="10%">241,996 </TD>
    <TD align=center width="10%">2,630 </TD>
    <TD align=center width="10%">95 </TD>
    <TD align=center width="10%">91% </TD>
    <TD align=center width="10%">&nbsp; &nbsp;671,423 </TD>
    <TD align=center width="10%">&nbsp; &nbsp;11,156 </TD>
    <TD align=center width="10%">- </TD>
    <TD align=center width="10%">- </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=center
      width="10%">1,430,506 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center><B>La
      </B><B>Encantada </B></TD>
    <TD align=center width="10%">247,858 </TD>
    <TD align=center width="10%">2,694 </TD>
    <TD align=center width="10%">145 </TD>
    <TD align=center width="10%">59% </TD>
    <TD align=center width="10%">&nbsp; &nbsp;685,478 </TD>
    <TD align=center width="10%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;35    </TD>
    <TD align=center width="10%">- </TD>
    <TD align=center width="10%">- </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=center
      width="10%">687,841 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center><B>La
      </B><B>Parrilla </B></TD>
    <TD align=center width="10%">147,414 </TD>
    <TD align=center width="10%">1,602 </TD>
    <TD align=center width="10%">146 </TD>
    <TD align=center width="10%">79% </TD>
    <TD align=center width="10%">&nbsp; &nbsp;547,913 </TD>
    <TD align=center width="10%">296 </TD>
    <TD align=center width="10%">2,129,908 </TD>
    <TD align=center width="10%">1,519,143 </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=center
      width="10%">739,026 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center><B>Del
      </B><B>Toro </B></TD>
    <TD align=center width="10%">86,646 </TD>
    <TD align=center width="10%">942 </TD>
    <TD align=center width="10%">195 </TD>
    <TD align=center width="10%">82% </TD>
    <TD align=center width="10%">&nbsp; &nbsp;446,137 </TD>
    <TD align=center width="10%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;81    </TD>
    <TD align=center width="10%">5,908,297 </TD>
    <TD align=center width="10%">- </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=center
      width="10%">707,524 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid" align=center><B>San
      </B><B>Martin </B></TD>
    <TD align=center width="10%">75,228 </TD>
    <TD align=center width="10%">818 </TD>
    <TD align=center width="10%">246 </TD>
    <TD align=center width="10%">84% </TD>
    <TD align=center width="10%">&nbsp; &nbsp;500,441 </TD>
    <TD align=center width="10%">907 </TD>
    <TD align=center width="10%">- </TD>
    <TD align=center width="10%">- </TD>
    <TD style="BORDER-RIGHT: #000000 1px solid" align=center
      width="10%">562,096 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 2px solid"
    align=center><B>La </B><B>Guitarra </B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">39,092 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center width="10%">425    </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center width="10%">252    </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center width="10%">83%    </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">&nbsp; &nbsp;263,235 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">1,977 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center width="10%">-</TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center width="10%">-</TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 2px solid"
    align=center width="10%">397,627 </TD></TR>
  <TR vAlign=top>
    <TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 2px solid"
    align=center><B>Total </B></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">838,233 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">9,111 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center width="10%">150    </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center width="10%">77%    </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">3,114,627 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">&nbsp; &nbsp;14,452 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">8,038,206 </TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid" align=center
      width="10%">1,519,143 </TD>
    <TD
    style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 2px solid"
    align=center width="10%">4,524,619 </TD></TR></TABLE>
</DIV>
<P align=justify>*Certain amounts shown in this news release may not<B> add
exactly </B>to<B> </B>the<B> total amount due to rounding differences</B><B>.
</B><BR>*The following prices were used in the calculation of silver equivalent
ounces: Silver: $19.61 per ounce; Gold: $1,334 per ounce; Lead: $0.85 per pound;
Zinc: $1.02 per pound.</P>
<P align=justify><B><U><FONT size=4>At the Santa Elena Gold/Silver
Mine:</FONT></U></B></P>
<UL style="TEXT-ALIGN: justify">
  <LI>During the quarter, Santa Elena produced 671,423 ounces of silver and
  11,156 ounces of gold for a total production of 1,430,506 silver equivalent
  ounces. Compared to the previous quarter, silver production increased 11%
  primarily due to an increase in grade and tonnage mined from the high grade
  Alejandra vein.
  <LI>During the quarter, the Company modified the production split between
  underground ore and the reprocessing of ore from the heap leach pad due to
  achieving higher production rates from the Alejandra vein. As a result,
  production of underground ore increased to a rate of 1,750 tpd while reducing
  heap leach production to 1,000 tpd. This improved run rate is expected to
  increase production due to the higher grades and recoveries of underground
  ore. </LI></UL>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=center>3</P>
<UL style="TEXT-ALIGN: justify">
  <LI>The mill processed a total of 241,996 tonnes, consisting of 155,552 tonnes
  of underground ore and 86,444 tonnes from the above ground heap leach pad.
  <LI>Silver and gold grades of underground ore averaged 124 g/t and 2.0 g/t,
  respectively. Whereas silver and gold grades from the above ground heap leach
  pad averaged 43 g/t and 0.7 g/t, respectively.
  <LI>At the end of the quarter, total development of the new San Salvador ramp
  reached 1,070 metres, or 47% of a 2,300 metre development plan. The new ramp
  will connect to the Main Vein along level 575 by April 2017. Once the ramp is
  completed, it is expected to improve underground productivity by reducing
  trucking bottlenecks.
  <LI>A total of 2,444 metres of underground development were completed in the
  third quarter compared to 2,931 metres of development in the previous quarter.

  <LI>A total of 3,520 metres of exploration drilling was completed in the third
  quarter compared to 3,509 metres of drilling in the previous quarter. In
  October, the Company is expected to begin a 3,000 metre surface drilling
  program on the Ermita&#241;o West property. Assay results from the drill program
  are expected to be completed by the end of the fourth quarter. </LI></UL>
<P align=justify><B><U>At the La Encantada Silver Mine:</U></B></P>
<UL style="TEXT-ALIGN: justify">
  <LI>For the quarter, silver production reached 685,478 ounces representing a
  10% increase over the previous quarter. The increase in production was
  primarily due to a 19% increase in tonnes milled offset by lower silver
  grades.
  <LI>Silver grades averaged 145 g/t during the quarter, or a 14% decrease
  compared to the prior quarter primarily due to the blending of ore from old
  stopes, stockpiles and the recovery of pillars.
  <LI>The roasting project advanced in the third quarter with the completion of
  the detailed engineering design of this new circuit. Site preparations and
  civil work are planned to start in the fourth quarter. The Company continues
  to anticipate completion of this circuit in the fourth quarter of 2017. Once
  in full production, the Company expects to recover an additional 1.5 million
  ounces of silver per year from the reprocessing of above ground tailings.
  <LI>A total of 519 metres of underground development were completed in the
  third quarter compared to 1,043 metres of development in the previous quarter.
  The decrease in development was primarily due to limited ventilation.
  <LI>A total of 3,681 metres were drilled in the third quarter, representing a
  20% increase compared to 3,062 metres in the previous quarter. </LI></UL>
<P align=justify><B><U>At the La Parrilla Silver Mine:</U></B></P>
<UL style="TEXT-ALIGN: justify">
  <LI>During the quarter, the flotation circuit processed 93,686 tonnes (1,018
  tpd) with an average silver grade of 158 g/t and an 84% recovery while the
  cyanidation circuit processed 53,727 tonnes (584 tpd) with an average silver
  grade of 125 g/t and a 69% recovery for total production of 739,026 silver
  equivalent ounces.
  <LI>The Company is modifying the processing rates of oxides and sulphides in
  order to accommodate for higher production rates from the San Marcos mine
  along with lower sulphide base metal grades. Milling rates of oxide ore is
  increasing to 700 tpd (up from 500 tpd) along with a reduction of sulphide ore
  to 1,000 tpd (down from 1,200 tpd). The increase in oxide production is
  expected to improve the mill head grades and increase production of silver
  <B>dor&#233; </B>bars.
  <LI>The lead circuit processed an average lead grade of 1.3% with recoveries
  of 78% for total lead production of 2.1 million pounds, representing a 26%
  decrease compared to the previous quarter. The decrease in lead
  production was primarily attributed to an 18% decrease in processed ore due to
  the recent mill modifications.
</LI>
  </UL>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_5></A>
<P align=center>4</P>
<UL style="TEXT-ALIGN: justify"><LI>The zinc circuit processed an average zinc grade of 1.4% with recoveries
  of 53% for total zinc production of 1.5 million pounds, representing a 60%
  decrease compared to the previous quarter. The decrease in zinc production was
  primarily due to the lower circuit throughput and a 24% decrease in zinc
  grades.
  <LI>Underground development completed in the quarter totaled 2,612 metres
  compared to 1,834 metres developed in the previous quarter.
  <LI>A total of 5,115 metres were drilled in the third quarter, representing a
  69% increase compared to 3,030 metres in the previous quarter. </LI></UL>
<P align=justify><B><U>At the Del Toro Silver Mine:</U></B></P>
<UL style="TEXT-ALIGN: justify">
  <LI>For the quarter, Del Toro produced a total of 707,524 silver equivalent
  ounces representing a 4% increase in production compared to the prior quarter
  primarily due to higher throughput rates.
  <LI>Throughput rates were 7% higher compared to the previous quarter due to an
  increase in underground development in the San Juan and Perseverancia mines.
  <LI>Silver grades and recoveries improved during the quarter, averaging 195
  g/t and 82%, respectively.
  <LI>Lead grades and recoveries averaged 5.0% and 66%, respectively, producing
  a total of 5.9 million pounds of lead, consistent with the previous quarter.
  <LI>Underground development completed in the quarter totaled 2,328 metres
  compared with 1,754 metres developed in the previous quarter.
  <LI>Total exploration metres drilled in the quarter amounted to 6,643 metres,
  representing a 101% increase compared to 3,306 metres drilled in the previous
  quarter. </LI></UL>
<P align=justify><B><U>At the San Martin Silver Mine:</U></B></P>
<UL style="TEXT-ALIGN: justify">
  <LI>During the quarter, San Martin produced 500,441 ounces of silver and 907
  ounces of gold for a total production of 562,096 silver equivalent ounces.
  Silver production increased 22% compared to the prior quarter primarily due to
  a 12% increase in silver grade and an 8% increase in tonnes milled.
  <LI>Silver grades and recoveries averaged 246 g/t and 84%, respectively,
  during the quarter. In addition, gold grades and recoveries averaged 0.4 g/t
  and 85%, respectively. The higher silver grades were primarily the result of
  higher production rates from the Rosarios and Veladora veins.
  <LI>Detailed engineering work for the installation of the tailings filter
  presses were completed during the quarter. Ground preparations including the
  installation of the foundations are expected to begin in late October. The
  filter presses, which are designed to recover and re-use solution and to save
  on water consumption, are expected to be installed and undergo testing in the
  first quarter of 2017.
  <LI>Following successful lab tests, the Company is planning to install oxygen
  injectors and lead nitrate into the processing leach tanks over the next six
  months. Lab results indicate the potential for a 2% increase in metallurgical
  recoveries by using these reagents.
  <LI>Underground development completed in the third quarter totaled 2,807
  metres compared with 2,524 metres of development in the previous quarter.
  <LI>Total metres drilled in the third quarter amounted to 7,817 metres,
  representing an 89% increase compared to 4,137 metres of drilling in the
  previous quarter. </LI></UL>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_6></A>
<P align=center>5</P>
<P align=justify><B><U>At the La Guitarra Silver Mine:</U></B></P>
<UL style="TEXT-ALIGN: justify">
  <LI>During the quarter, La Guitarra produced 263,235 ounces of silver and
  1,977 ounces of gold for a total production of 397,627 silver equivalent
  ounces. Silver production increased 28% compared to the previous quarter
  primarily due to an 11% increase in silver grades and a 12% increase in tonnes
  milled.
  <LI>Silver grades and recoveries improved during the quarter, averaging 252
  g/t and 83%, respectively. In addition, gold grades and recoveries averaged
  2.0 g/t and 78%, respectively.
  <LI>Approximately 31% of the production ore came from the Coloso area and the
  remaining 69% was extracted from the La Guitarra area.
  <LI>During the quarter, underground development continued to advance towards
  the Soledad 1 and 2 veins. These high-grade parallel veins were recently
  discovered following successful exploration from both underground and surface
  drilling. The Soledad veins are approximately 150 metres SW from the recently
  intersected Nazareno vein.
  <LI>A total of 2,055 metres of development were completed in the third quarter
  compared to 1,652 metres of development in the previous quarter.
  <LI>Total metres drilled in the quarter amounted to 9,515 metres, representing
  a 314% increase compared to 2,298 metres drilled in the previous quarter. The
  increase in exploration drilling is in preparation of the upcoming mine
  expansion to 1,000 tpd. </LI></UL>
<P align=justify>First Majestic is a mining company focused on silver production
in M&#233;xico and is aggressively pursuing the development of its existing mineral
property assets and the pursuit through acquisition of additional mineral assets
which contribute to the Company achieving its corporate growth objectives. </P>
<P align=justify>FOR FURTHER INFORMATION contact info@firstmajestic.com, visit
our website at www.firstmajestic.com or call our toll free number
1.866.529.2807. </P>
<P align=justify>FIRST MAJESTIC SILVER CORP. </P>
<P align=justify><I>"signed" </I></P>
<P align=justify>Keith Neumeyer, President &amp; CEO</P>
<P align=justify><B>Cautionary Note Regarding Forward Looking Statements
</B></P>
<P align=justify>This press release contains "forward-looking statements",
within the meaning of the United States Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities legislation, concerning the business,
operations and financial performance and condition of First Majestic Silver
Corp. Forward-looking statements include, but are not limited to, statements
with respect to the future price of silver and other metals, the estimation of
mineral reserves and resources, the realization of mineral reserve estimates,
the timing and amount of estimated future production, costs of production,
capital expenditures, costs and timing of the development of new deposits,
success of exploration activities, permitting time lines, hedging practices,
currency exchange rate fluctuations, requirements for additional capital,
government regulation of mining operations, environmental risks, unanticipated
reclamation expenses, timing and possible outcome of pending litigation, title
disputes or claims and limitations on insurance coverage. Generally, these
forward-looking statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking statements are
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
First Majestic Silver Corp. to be materially different from those expressed or
implied by such forward-looking statements, including but not limited to: risks
related to the integration of acquisitions; risks related to international
operations; risks related to joint venture operations; actual results of current
exploration activities; actual results of current reclamation activities;
conclusions of economic evaluations; changes in project parameters as plans
continue to be refined; future prices of metals; possible variations in ore
reserves, grade or recovery rates; failure of plant, equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities, as well as those factors
discussed in the section entitled "Description of the Business - Risk Factors"
in First Majestic Silver Corp.'s Annual Information Form for the year ended
December 31, 2015, available on <U><FONT color=#0000ff>www.sedar.com</FONT></U>,
and Form 40-F on file with the United States Securities and Exchange Commission
in Washington, D.C. Although First Majestic Silver Corp. has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. First Majestic Silver Corp. does
not undertake to update any forward-looking statements that are incorporated by
reference herein, except in accordance with applicable securities laws. </P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
