Early Warning News Release

Rhea-AI Summary

First Majestic Silver Corp (NYSE: AG) disclosed that between Sept 26, 2025 and Nov 19, 2025 it sold 1,060,500 common shares of Silver Dollar Resources at an average price of $0.3776 per share for gross proceeds of $355,592.85.

Prior to the sales First Majestic held 8,051,519 shares (≈14.19% on Sept 25, 2025). After the sales it holds 6,991,019 shares (≈9.50% as of Nov 20, 2025) based on 73,609,505 Silver Dollar shares outstanding. The remaining holdings are for investment and the company has no current intention to change its stake, while retaining flexibility to review holdings.

Positive

• Realized gross proceeds of $355,592.85
• Completed market sales between Sept 26 and Nov 19, 2025, providing liquidity

Negative

• Ownership reduced from 14.19% to 9.50%, lowering influence over Silver Dollar
• Position fell below the 10% threshold reported prior to the sales

News Market Reaction

-6.93%

2 alerts

-6.93% News Effect

-$403M Valuation Impact

$5.41B Market Cap

21K Volume

On the day this news was published, AG declined 6.93%, reflecting a notable negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $403M from the company's valuation, bringing the market cap to $5.41B at that time.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - November 20, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that between September 26, 2025 to November 19, 2025 (inclusive), it sold a total of 1,060,500 common shares ("Shares") of Silver Dollar Resources Inc. ("Silver Dollar") through market sales across the facilities of the Canadian Securities Exchange at an average price of $0.3776 per Share for gross aggregate consideration of $355,592.85 (collectively, the "Sales").

Immediately before commencing the Sales, First Majestic had beneficial ownership of, or control and direction over, 8,051,519 Shares of Silver Dollar, representing approximately 14.19% of the issued and outstanding Shares (as of September 25, 2025) based on 56,752,355 Shares being outstanding as of such date on a non-diluted basis. Following the completion of the Sales, First Majestic now has beneficial ownership of, or control and direction over, 6,991,019 Shares of Silver Dollar, representing approximately 9.50% of the issued and outstanding Shares (as of November 20, 2025) based on 73,609,505 Shares being outstanding as of such date on a non-diluted basis.

The remaining Shares of Silver Dollar owned by First Majestic are held for investment purposes. First Majestic has no current intention of increasing or decreasing its ownership of, or control or direction over, additional securities of Silver Dollar. First Majestic reviews its holdings from time to time and may, depending on market conditions and other factors, increase or decrease its position in Silver Dollar as future circumstances may dictate.

First Majestic's head office is located at Suite 1800 - 925 West Georgia Street, Vancouver, British Columbia V6C 3L2. Silver Dollar's head office is located at 179 - 2945 Jacklin Road, Suite 416, Victoria, British Columbia V9B 6J9.

This news release is being issued in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report regarding the Sales has been filed on the System for Electronic Document Analysis and Review ("SEDAR+") at www.sedarplus.ca under Silver Dollar's issuer profile in accordance with applicable securities laws. To obtain a copy of such early warning report, please contact Darrell Rae, Manager of Investor Relations at First Majestic, toll-free at 1.866.529.2807 (or by e-mail: info@firstmajestic.com) or refer to Silver Dollar's SEDAR+ profile.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275422

FAQ

How many Silver Dollar shares did First Majestic sell between Sept 26 and Nov 19, 2025?

First Majestic sold 1,060,500 Silver Dollar shares during that period.

What proceeds did First Majestic receive from the Silver Dollar share sales (AG)?

The company received gross aggregate proceeds of $355,592.85 at an average price of $0.3776 per share.

What is First Majestic's remaining ownership in Silver Dollar after the Nov 19, 2025 sales?

After the sales First Majestic holds 6,991,019 shares, representing approximately 9.50% of Silver Dollar's outstanding shares as of Nov 20, 2025.

Did First Majestic state any intent to further change its Silver Dollar stake (AG)?

First Majestic said the remaining shares are held for investment and it has no current intention to increase or decrease its ownership, while it may review holdings over time.

Where can investors find the early warning report about AG's sales of Silver Dollar shares?

An early warning report was filed on SEDAR+ under Silver Dollar's issuer profile and is available via the SEDAR+ website.