UPDATE: First Majestic Silver Q4 Profit Up 5%

Canada's First Majestic Silver

reported a 5% rise in its fourth-quarter profit. First Majestic Silver's quarterly net income surged to $22.4 million, or $0.19 per basic share, versus $21.3 million, or $0.20 per basic share, in the year-ago period. Its revenue climbed 17% to $71 million. First Majestic Silver shares closed at $17.35 yesterday.