First Majestic Stock Price, News & Analysis

First Majestic Silver Corp. (NYSE: AG) announced positive results from its 2024 exploration program at the San Dimas Silver/Gold Mine in Durango State, Mexico. The drilling program aimed to test new mineral targets, expand resources, and convert resources to reserves. Key highlights include significant mineralization in the Perez, Sinaloa-Elia, Santa Regina, and Santa Teresa veins, with high-grade intercepts like 39.28 g/t Au and 1,905 g/t Ag over 1.76 meters. Specific noteworthy veins include intercepts such as 7.36 g/t Au and 1,129 g/t Ag over 6.72 meters in the Perez vein and 20.41 g/t Au and 1,702 g/t Ag over 2.15 meters in the Sinaloa-Elia vein. These results highlight San Dimas' potential for resource expansion and conversion, confirming the continuity and prospectivity of the veins targeted in the exploration program.

First Majestic Silver Corp. (NYSE: AG) released its 2023 Annual Report, celebrating its 20-year journey as one of the world's largest silver producers.

The report, titled '20 Years. The Silver Evolution,' outlines the company's vision, values, and financial performance. CEO Keith Neumeyer highlighted the company's growth despite challenges, emphasizing adaptability and resilience.

The full report is available on the company's website, and shareholders can request physical copies. The audited financial statements for 2023 are included in the report.

First Majestic Silver Corp., listed on NYSE and TSX under the symbol AG, has released its 2023 Sustainability Report. The report, aligned with SASB standards, highlights significant achievements in Environmental, Social, and Governance (ESG) performance.

Key highlights include a 32% reduction in reportable injuries and a 51% reduction in lost-time injuries. The company also reported a 48% reduction in carbon footprint per tonne of ore processed and significant community investments benefiting nearly 11,000 people.

Other achievements include a 22% hiring rate for women, a 30% increase in community investments to US$1.3 million, and improved ESG scores, with a Sustainalytics score improving from 50.6 in 2022 to 31 in 2023, and an S&P Global CSA score rising from 25 to 31.

The report outlines the company's ongoing commitment to responsible corporate practices, with a forward-looking sustainability strategy and transparent reporting to uphold its values of trust, sustainability, and accountability.

First Majestic Silver announced a ticker symbol change on the Toronto Stock Exchange (TSX) from 'FR' to 'AG', effective May 27, 2024. This change aligns their TSX symbol with their New York Stock Exchange (NYSE) symbol for better brand consistency across North American markets. Their Frankfurt Stock Exchange symbol, 'FMV', remains unchanged. Shareholders are not required to take any action; the CUSIP number and share certificates stay the same.

First Majestic Silver Corp. (NYSE: AG) announced the results of its Annual General Meeting of Shareholders held on May 23, 2024. The meeting saw 120,646,090 common shares represented, constituting 42% of the company's issued and outstanding shares. Shareholders voted in favor of all matters on the agenda. The number of directors was set at five, with the following directors elected: Keith Neumeyer, Marjorie Co, Thomas F. Fudge, Jr., Raymond L. Polman, and Colette Rustad. Deloitte LLP was reappointed as the auditor with 89.46% support. However, the Say-on-Pay advisory resolution did not pass, receiving only 49.17% votes in favor. Despite this, the company noted an increase in support for executive compensation disclosure compared to the previous year's AGM.

First Majestic Silver Corp. (NYSE: AG) is reminding shareholders to vote in the upcoming Annual General Meeting (AGM) on May 23, 2024, at 10:00 a.m. (Pacific Time) at the Sutton Place Hotel, Vancouver, BC. Shareholders of record as of March 28, 2024, can vote. The Board recommends voting FOR all resolutions. Proxy voting is available until May 21, 2024, at 10:00 a.m. (Pacific Time). For voting assistance, shareholders can contact Kingsdale Advisors.

First Majestic Silver Corp. announces financial results for Q1 2024, with 5.2 million AgEq ounces produced, $106.0 million in revenues, and a cash dividend payment of $0.0037 per share. The Company's cash balance stands at $229.3 million. Operational highlights include improvements in mine operating earnings and a focus on higher ore grades in H2 2024. AISC increased to $21.53 per AgEq ounce. The Company declared an eligible dividend for shareholders.