Welcome to our dedicated page for First Majestic news (Ticker: AG), a resource for investors and traders seeking the latest updates and insights on First Majestic stock.
First Majestic Silver Corp (AG) delivers timely updates on its silver-focused mining operations and strategic initiatives in Mexico. This page consolidates official announcements, financial disclosures, and operational developments from one of North America's most active precious metals producers.
Investors will find essential updates including quarterly earnings reports, mineral resource estimates, and production figures from key assets like the San Dimas and Santa Elena mines. The page also tracks progress at First Majestic's energy-efficient minting facility, which transforms raw silver into investment-grade bullion products.
Our news coverage spans exploration results, leadership updates, and market positioning while maintaining strict compliance with financial disclosure standards. Bookmark this resource for direct access to unfiltered operational data and corporate announcements that drive informed analysis of AG's performance in the metals sector.
First Majestic Silver (NYSE:AG) reported strong Q2 2025 production with 7.9 million silver equivalent ounces, a 48% increase year-over-year. Production included 3.7 million silver ounces (up 76% Y/Y) and 33,865 gold ounces.
The company has positively revised its 2025 guidance, now expecting 30.6-32.6 million AgEq ounces, a 7% increase from previous guidance. Production improvements were seen across all mines, with Los Gatos, Santa Elena, and San Dimas exceeding expectations. The capital budget was increased by 7% to $193 million to support growth initiatives.
Cash costs are projected to improve to $13.94-$14.37 per ounce, while AISC is expected at $20.02-$20.82 per AgEq ounce.
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 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.