First Majestic Silver Corp. reports developments tied to silver and gold mining in North America, with recurring updates on four producing underground mines in Mexico: Santa Elena, Los Gatos, San Dimas and La Encantada. The company's news also covers its 70% interest in the Los Gatos joint venture, production of silver, gold, zinc, lead and copper, and sales exposure to precious metals in doré and concentrate form.
Company updates frequently address mineral reserve and resource estimates, exploration drilling, operating and financial results, dividend actions, shareholder voting matters, governance and capital-structure disclosures. Jerritt Canyon in Nevada is a recurring exploration and development topic within the company's asset portfolio.
First Majestic (NYSE: AG) announced expanded exploration success at its Santa Elena mine (Sonora, Mexico) and a senior management promotion on December 15, 2025. Key highlights: Santo Niño drilling (15,307 m in 32 holes) now defines mineralization >1,100 m by 400 m; Navidad drilling (10,161 m) extends mineralization >1,200 m by 400 m; Luna infill drilling (11,190 m) aims to convert Inferred to Indicated resources. Third‑party metallurgical tests show >95% Au/Ag recoveries. Company started scoping‑level mine plans and a plant expansion to increase throughput from ~3,200 to ~3,500 tpd targeted by end of 2026. Mani Alkhafaji promoted to President & Chief Corporate Development Officer.
First Majestic (NYSE: AG) closed a US$350 million offering of 0.125% unsecured convertible senior notes due 2031, consisting of US$300 million initial notes plus a US$50 million over-allotment.
The initial conversion rate is 44.7227 shares per US$1,000 (≈US$22.36 per share). A portion of proceeds will repurchase approximately US$174.7 million principal of existing 0.375% convertible notes due 2027 for about US$214.7 million; remaining net proceeds are for general corporate purposes and strategic opportunities.
The notes and underlying shares are not registered under the U.S. Securities Act and rely on exemptions for any distributions in Canada and the U.S.
First Majestic (NYSE: AG) priced an offering of unsecured convertible senior notes due 2031, with an aggregate principal amount of US$300 million (or US$350 million if the over-allotment option is exercised).
The Notes bear cash interest semi‑annually at 0.125% per annum, have an initial conversion rate of 44.7227 shares per US$1,000 (≈ US$22.36 per share) and represent a conversion premium of ~42.50% to the prior NYSE close. The company expects the Offering to close on or about December 8, 2025.
Net proceeds are intended to be used to repurchase a portion of outstanding 0.375% convertible senior notes due 2027 and for general corporate purposes. The Notes and underlying shares will not be registered under the U.S. Securities Act and will rely on exemptions for offering and resale.
First Majestic (NYSE: AG) announced an offering of US$300 million aggregate principal amount of unsecured convertible senior notes due 2031, with an initial purchaser option for up to an additional US$45 million. The company intends to use net proceeds to repurchase a portion of its outstanding 0.375% convertible senior notes due 2027 and for general corporate purposes, including strategic opportunities.
The Notes will pay fixed cash interest semi-annually, be convertible into common shares, be redeemable in certain circumstances, and are being offered under private placement exemptions (not registered under the U.S. Securities Act or qualified by a prospectus in Canada).
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.
First Majestic Silver Corp (NYSE: AG) sold 17,500,000 Sierra Madre Gold and Silver shares on November 5, 2025 for CAD$1.33 per share, generating CAD$23,275,000 gross proceeds.
Before the sale First Majestic held 69,063,076 shares (≈37.13%); after the sale it holds 51,563,076 shares (≈27.72%) on a non-diluted basis. All Sierra Madre securities are held for investment; the company says it has no current intention to change its position but may review holdings depending on market conditions. An early warning report will be filed on SEDAR+ under Sierra Madre's profile.
First Majestic (NYSE: AG) reported record Q3 2025 results with silver production of 3.9M oz (+96% YoY) and revenue of $285.1M (+95% YoY). Key drivers included the addition of Los Gatos and higher realized silver prices of $39.03/AgEq oz. Q3 EBITDA was $128.6M, operating cash flow before working capital was $141.3M, free cash flow was $98.8M, and the cash treasury reached a record $568.8M. Consolidated cash costs were $14.83/AgEq oz and AISC was $20.90/AgEq oz. The company declared a $0.0052 per-share quarterly dividend payable ~Nov 28, 2025.
First Majestic (NYSE: AG) reported Q3 2025 attributable production of 7.7 million AgEq ounces, including a record 3.9 million silver ounces and 35,681 gold ounces for the quarter ended October 8, 2025. Production rose 39% AgEq and silver was up 96% year‑over‑year. Los Gatos (70% basis) contributed ~1.4M silver ounces and 2.13M AgEq ounces. The company completed 79,481 metres of drilling in Q3 with up to 30 rigs active and announced positive exploration intercepts at San Dimas and Los Gatos. Safety and ESG highlights include a YTD TRIFR of 0.61 and a Sustainalytics ESG risk rating of 30.0 (Medium). The TSX accepted a normal course issuer bid to repurchase up to 24.5M shares (≈5%) from Oct 14, 2025 to Oct 13, 2026. Q3 results and dividend details will be released and discussed on a conference call on Nov 5, 2025.
First Majestic Silver (NYSE: AG) sold 37,600,000 Silver Storm shares on October 7, 2025 at CAD$0.2318 per share for gross proceeds of CAD$8,715,680.
Before the sale First Majestic held 178,349,350 shares (≈24.16% non-diluted; ≈26.71% partially diluted). After the sale it holds 140,749,350 shares (≈19.07% non-diluted; ≈21.79% partially diluted). All Silver Storm securities are held for investment and ownership percentages are based on issued shares as of October 6, 2025.
First Majestic Silver (NYSE: AG) has announced significant exploration results from its Los Gatos Silver Mine in Chihuahua, Mexico. The drilling program revealed substantial silver and base metal mineralization across three zones: South-East Deeps, Central Deeps, and North-West Deeps.
Notable intercepts include high-grade findings in the South-East Deeps zone with up to 1,080 g/t AgEq (silver equivalent) over 1.6 meters, and in the Central Deeps zone with up to 1,013 g/t AgEq over 1.9 meters. The program successfully extended known mineralization along plunge in the southeast portion of the vein system and confirmed new mineralization in the Central and North-West zones.
These results were not included in the Company's year-end Mineral Reserve and Mineral Resource Estimates, suggesting potential for meaningful resource growth at Los Gatos.