First Majestic Stock Price, News & Analysis

First Majestic Silver (NYSE: AG) has announced a significant discovery at its Santa Elena property in Sonora, Mexico. The company has identified the Santo Niño vein, located 900 meters south of the Santa Elena processing plant, marking their second gold-silver discovery within a year. The vein has been traced over 1km of strike and 400m down-dip, with thirteen intercepts showing significant gold and silver grades. Additionally, drilling at the Navidad/Winter vein system has expanded the footprint of mineralization with exceptional results, including a standout intersection of 6.8m grading 14.8 g/t Au and 642 g/t Ag. The Santa Elena property now hosts four major gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño. The exploration program continues aggressively with nine active rigs, focusing on testing the full strike length and depth potential of the new discoveries. These findings are expected to meaningfully extend the mine life and add significant value to First Majestic's portfolio.

First Majestic Silver Corp. (NYSE: AG) held its 2025 Annual General Meeting with 57.99% of shareholders participating. Key outcomes include: shareholders approved setting the board size at seven directors and elected all nominated directors, with Thomas F. Fudge, Jr. and Colette Rustad receiving notably lower approval rates of 50.44% and 54.82% respectively. Deloitte LLP was appointed as auditor with 95.10% approval. Significantly, shareholders rejected the company's executive compensation approach with 58.99% voting against. The company also welcomed Ayesha Hira to its Board of Directors, bringing 30 years of mining sector experience, including roles at Belo Sun Mining, CIBC World Markets, RBC Capital Markets, and Lucara Diamond Corp.

First Majestic Silver Corp. (NYSE: AG) has announced its upcoming Annual General Meeting of Shareholders (2025 AGM) scheduled for Tuesday, May 20, 2025, at 10:00 a.m. (Pacific Time) in Vancouver. The Board unanimously recommends shareholders vote FOR all resolutions. The record date for voting eligibility was March 31, 2025, with a proxy voting deadline of May 15, 2025.

Registered shareholders unable to attend can vote by mail, courier, facsimile, telephone, or online through Computershare. Non-registered shareholders may participate through proxyholder or intermediaries. The company has retained Kingsdale Advisors to assist shareholders with voting, accessible via toll-free numbers or email.

First Majestic Silver (NYSE: AG) reported strong Q1 2025 financial results with multiple record-breaking metrics. The company achieved record quarterly revenue of $243.9 million, up 130% year-over-year, with 57% from silver sales. Silver production increased 88% to 3.7 million ounces, while gold production rose 1% to 36,469 ounces. The company reached its highest-ever cash position of $462.6 million, including $351.3 million in cash and $111.3 million in restricted cash. Mine operating earnings hit a record $63.8 million, compared to a loss of $0.3 million in Q1 2024. Cash costs decreased 9% to $13.68 per AgEq ounce, and AISC improved 11% to $19.24 per AgEq ounce. The company declared a quarterly dividend of $0.0045 per share, payable on May 30, 2025.

First Majestic Silver Corp. (AG) has released its 2024 Sustainability Report and announced its 2025 Annual General Meeting (AGM) details. The report highlights significant achievements in sustainability performance during 2024, including:

• Record safety performance with 48% reduction in TRIFR and 70% reduction in LTIFR
• Employee development with 16 inter-company transfers and 67 promotions
• 33% annual reduction in carbon footprint per tonne of ore processed
• US$1.2 million investment in community projects
• Improved ESG rankings, placing in top 20% of mining industry by ISS ESG

The 2025 AGM will be held on May 20, 2025, at 10:00 a.m. (Pacific Time) in Vancouver. The company has adopted the notice and access model for delivering meeting materials to shareholders of record as of March 31, 2025, promoting environmental sustainability by reducing paper usage.

First Majestic Silver (NYSE: AG) reported record Q1 2025 production with 7.7 million silver equivalent ounces, including an all-time high of 3.7 million silver ounces, representing an 88% year-over-year increase. The production included 36,469 gold ounces, 12.5 million pounds of zinc, and 7.5 million pounds of lead.

The significant growth was driven by the inclusion of the Cerro Los Gatos Silver Mine (70% interest), which now accounts for nearly 30% of the company's production portfolio. Notable improvements were also seen at San Dimas with a 17% increase in silver production. The company maintained strong safety performance with a 65% improvement in Total Reportable Incident Frequency Rate compared to Q1 2024.

Operations across all four Mexican mines showed robust performance, with San Dimas nearing completion of its conversion to LNG generators, expected to reduce carbon emissions by up to 25% when backup power is required. The company conducted extensive exploration with 61,219 metres of drilling across its mines using 28 drill rigs.

First Majestic Silver Corp. (NYSE: AG) has announced record mineral resource levels and significant year-over-year mineral reserves growth for 2024. The company reported a 45% increase in silver equivalent (AgEq) Proven and Probable Reserves, reaching 177.6 million AgEq ounces, consisting of 86.8 million ounces of silver and 594,000 ounces of gold.

Key highlights include:

• 25% increase in Measured & Indicated Resources to 434.2 million AgEq ounces
• 23% increase in Inferred Resources to 350.3 million AgEq ounces
• Completion of 182,909 metres of exploration drilling in 2024
• Strategic acquisition of Gatos Silver, including 70% interest in Cerro Los Gatos Silver Mine
• Discovery of the Navidad deposit at Santa Elena, adding 29.7 million AgEq ounces to Inferred Resources

First Majestic Silver (NYSE: AG) has appointed Daniel Muñiz Quintanilla to its Board of Directors, effective March 13, 2025. Muñiz brings over 28 years of experience in international law, M&A, capital markets, and finance across mining, logistics, and infrastructure sectors.

Currently serving on the boards of Novagold Resources and Brookfield Infrastructure Partners, Muñiz is also a Founding Partner of Axkan Capital Partners and holds director positions at Tharsis Mining and companies within The Electrum Group's portfolio. His notable past experience includes a 12-year tenure with Grupo Mexico and its subsidiaries, where he served as CEO and CFO.

Muñiz previously served as a director of Gatos Silver until First Majestic's acquisition in January 2025, and as a director of HudBay Minerals from July 2019 to May 2024. He holds advanced degrees in Law from Georgetown University and Business Administration from Instituto de Empresa.

First Majestic Silver reported strong Q4 2024 financial results, with record free cash flow of $68.4M, up 119% quarter-over-quarter. Revenue increased 18% to $172.3M, while mine operating earnings grew 69% to $48.2M. The company's cash position strengthened by 19% to $308.3M.

Key operational improvements include a 9% reduction in cash costs to $13.82 per AgEq ounce and a 3% decrease in AISC to $20.34 per AgEq ounce. First Mint achieved record quarterly sales of $9.1M, up 237%. For full-year 2024, the company produced 21.7M AgEq ounces, meeting guidance, and generated revenues of $560.6M.

The company completed the acquisition of Gatos Silver for $1.07B in January 2025, gaining a 70% interest in the Cerro Los Gatos Silver Mine. A quarterly dividend of $0.0057 per share was declared, payable March 14, 2025.