First Majestic Silver Corp
Company Overview
First Majestic Silver Corp. is a leading silver producer, recognized as the 'Go To Name' in the silver space. The company boasts 22 years of proven operations and growth, emphasizing its role as an early adopter of new technologies and innovations. With a strong commitment to shareholder returns, First Majestic has a dividend policy in place since May 2021 and sector-leading trading liquidity. It stands out as the only public mining company with its own minting facility and maintains a clean and strong balance sheet, demonstrating a strong beta to silver historically. The company's revenue in H1 is 55% from silver, with 90% from precious metals overall.
Latest News
First Majestic Announces Financial Results for Q3 2025 and Quarterly Dividend Payment
First Majestic reports record Q3 2025 silver production and revenue, driven by Los Gatos, with significant earnings increases and improved cash flow.
First Majestic Reports Positive Exploration Results at Los Gatos
First Majestic reports positive drilling results at Los Gatos, confirming significant silver and base metal mineralization across multiple zones, indicating potential for resource growth.
First Majestic Announces Positive Exploration Results at San Dimas
First Majestic reports high-grade silver and gold drill results at San Dimas, Mexico, indicating potential for new mineral discoveries and resource expansion.
First Majestic Announces Record Financial Results for Q2 2025 and Quarterly Dividend Payment
First Majestic reports strong Q2 2025 results with record revenue, 48% higher silver equivalent production, and significant profit growth, driven by higher sales and silver prices.
First Majestic Second Quarter 2025 Results Conference Call Details
First Majestic will hold a webcast and conference call on August 14, 2025, to discuss Q2 results and 2025 guidance; results published before market open.
First Majestic Reminds Shareholders to Vote in the Upcoming Annual General Meeting
First Majestic Silver's 2025 AGM is on May 20; shareholders are encouraged to vote by May 15 via proxy, phone, or online; the board recommends voting for all proposals.
First Majestic Announces Financial Results for Q1 2025 with Record Cash Position and Announces Quarterly Dividend Payment
First Majestic reports strong Q1 2025 financials with record cash, 88% increase in silver production, $110M cash flow, and a solid balance sheet, on track for a successful year.
First Majestic Announces 2024 Sustainability Report and Mailing of 2025 AGM Meeting Materials
First Majestic Silver Corp. released its 2024 Sustainability Report, highlighting record safety performance, employee development, significant carbon footprint reduction, community investment, and improved ESG rankings, while preparing for the 2025 …
First Majestic Produces 7.7 Million AgEq Ounces in Q1 2025 Including a Record 3.7 Million Silver Ounces
First Majestic Silver Corp. reported a strong Q1 2025 with total production of 7.7 million silver equivalent ounces, including 3.7 million silver ounces and 36,469 gold ounces. This marks an …
First Majestic Announces 2024 Mineral Reserve and Mineral Resource Estimates
First Majestic Silver Corp. reports record mineral resource levels and significant year-over-year mineral reserve growth for 2024 across its mines in Mexico and the temporarily suspended Jerritt Canyon Gold Mine …
First Majestic Appoints Daniel Muniz Quintanilla to Its Board of Directors
First Majestic Silver Corp. appointed Daniel Muñiz Quintanilla to its Board of Directors on March 13, 2025. He has over 28 years of experience in international law and finance within …
First Majestic Announces Record Free Cash Flow for Q4 2024, FY 2024 Financial Results and Quarterly Dividend Payment
First Majestic Silver Corp. announced its Q4 2024 financial results, highlighting record free cash flow of $68.4 million, a 19% increase in cash position, and an 18% rise in revenue …
First Majestic Announces 2025 Production and Cost Guidance and Announces Conference Call Details
First Majestic Silver Corp. announces its 2025 production and cost guidance for its four Mexican mines, expecting 27.8 to 31.2 million silver equivalent ounces, with a conference call scheduled for …
First Majestic Reports Exploration Success for Navidad at Santa Elena
First Majestic Silver Corp. reports significant expansion of high-grade gold and silver mineralization at the Navidad discovery in Sonora, Mexico, following extensive drilling and positive metallurgical testing. The results indicate …
First Majestic Provides Positive Exploration Results at San Dimas
First Majestic Silver Corp. announced positive drilling results from its 2024 exploration at the San Dimas Mine, Mexico, highlighting significant silver and gold mineralization. The program expanded Mineral Resources and …
First Majestic Completes Acquisition of Gatos Silver
First Majestic Silver Corp. has completed its acquisition of Gatos Silver, with nearly unanimous shareholder approval. Gatos Silver is now a wholly-owned subsidiary, and its shareholders will receive shares of …
First Majestic Announces Shareholder Approval in Connection with Gatos Silver Acquisition
First Majestic Silver Corp. has received shareholder approval to acquire Gatos Silver, Inc., exchanging up to 190 million common shares. Approximately 98.44% of First Majestic shareholders and 71.3% of Gatos …
First Majestic Produces 5.7 Million AgEq Oz in Q4 2024 Consisting of 2.4 Million Silver Ounces and 39,506 Gold Ounces, and 21.7 Million AgEq Oz in 2024
First Majestic Silver Corp. reported a total production of 5.7 million silver equivalent ounces in Q4 2024, a 4% increase from the previous quarter, with silver production up 20%. The …
First Majestic Provides Update Regarding Gatos Silver's Joint Venture with Dowa Metals & Mining Co., Ltd.
First Majestic Silver Corp. announced that Gatos Silver, Inc. has amended agreements with Dowa Metals regarding the Los Gatos Joint Venture, enhancing Gatos' management rights and allowing full consolidation of …
First Majestic Announces Mailing of Materials for Special Meeting
First Majestic Silver Corp. is mailing materials for a Special Meeting on January 14, 2025, to seek shareholder approval for issuing 190 million common shares to Gatos Silver, Inc. The …
First Majestic Announces Effectiveness of Registration Statement on Form F-4 and Record & Meeting Dates of Special Meeting for Gatos Silver Acquisition
First Majestic Silver Corp. announced that its F-4 registration for acquiring Gatos Silver, Inc. is effective. A special meeting for shareholders to approve the transaction is set for January 14, …
First Majestic Announces Financial Results for Q3 2024 and Quarterly Dividend Payment
First Majestic Silver Corp. announced its Q3 2024 unaudited financial results, showing a 4% increase in silver equivalent production and a 10% increase in revenue compared to Q3 2023, reaching …
Analysis
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Cerro Los Gatos Silver Mine
Low-cost underground silver mine with exploration and development potential, located in Chihuahua, Mexico, with a large land package and strong JV partner Dowa Metals & Mining.
Del Toro
Non-Core Asset in Care & Maintenance. Property consists of 70 mining claims covering 2,159 hectares. 1,000 tpd flotation circuit capable of producing lead-silver and zinc concentrates.
First Mint
Company-owned bullion minting facility in Nevada, started production in Q1 2024, with quarterly sales of $7.9M in Q1 2025.
First Mint Facility
100% company-owned mint. Commenced producing bullion in Q1 2024 and coins in Q3 2024. High-efficiency production with state-of-the-art machinery, consumes less electricity and emits no gases. Vertically integrating minting process.
Jerritt Canyon
Gold Project located in Elko County, Nevada, U.S.A. Underground mining operations temporarily suspended in March 2023. Large 30,821-hectare land package. Processing facility contains one of only three Roasters in Nevada.
Jerritt Canyon Gold Project
Large land package with underground operations temporarily suspended, focusing on regional discoveries, with 14,000 m exploration planned in 2025.
La Encantada
100% Doré Producer covering 4,000 Hectares. Smallest mine in portfolio and pure Ag producer. Development of Ojuelas and Milagros ore bodies planned for 2025 production.
La Encantada Silver Mine
Silver mine with planned production increase in 2025, optimizing costs with exploration and development of ore bodies Ojuelas and Milagros.
Los Gatos
High Ag-bearing Pb and Zn Concentrate. Over 103,000 hectares of mineral rights in a highly prospective and under-explored district with numerous silver-zinc-lead epithermal mineralized zones.
Los Gatos Silver Mine
Low-cost underground silver mine with exploration and development potential, covering over 103,000 hectares, with a JV partner Dowa Metals & Mining Co., Ltd (30%).
San Dimas
100% Doré Producer covering 72,000 Hectares. Historic production estimated at +11M Au oz and +750M Ag oz. Approximately 50% of power from low-cost hydroelectric.
San Dimas Silver/Gold Mine
Historic significant silver and gold producer with over 72,000 hectares, recent exploration highlights, and plans for 112,000 m of drilling in 2025.
San Martin
Non-Core Asset in Care & Maintenance. 100% Silver/Gold doré producer. Property consists of 33 mining claims within 38,512 hectares. 1,300 tpd cyanidation mill.
Santa Elena
100% Doré Producer with mineral claims covering 102,000 Ha. Record production in 2024 of more than 10M AgEq oz. Includes Navidad near the Ermitaño mine and new Santo Niño discovery.
Santa Elena Silver/Gold Mine
Operating silver and gold mine with over 102,000 hectares, recent record production, and exploration success including a maiden resource of 30Moz AgEq.
Executive Team
Filings data not yet available.