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 Corp. has received regulatory approval for a 12-month extension of its share repurchase program, allowing the company to buy back up to 10 million common shares, representing about 4.5% of its outstanding shares. The program aims to enhance shareholder value by increasing equity interests, especially when shares may not reflect the company's underlying value. The repurchase will occur through the Toronto Stock Exchange, with a daily limit on purchases. The previous repurchase program did not result in any share buybacks.
First Majestic Silver Corp. is acquiring Jerritt Canyon Canada Ltd. from Sprott Mining Inc. for $470 million in shares and 5 million share purchase warrants. This acquisition enhances First Majestic's operational platform in Nevada, an attractive mining jurisdiction, and strengthens its portfolio with expected pro forma production of 30-33 million silver equivalent ounces. The transaction includes a $30 million private placement from Eric Sprott, post-acquisition, owning approximately 13.1% of First Majestic's common shares.
First Majestic Silver Corp. (AG) has issued a detailed response to recent misleading Mexican media reports about its ongoing tax dispute with the Mexican government. The company asserts that it is compliant with tax regulations in both Canada and Mexico. Notably, First Majestic filed a NAFTA Request for Arbitration to resolve differences regarding the tax assessments, which total approximately US$260 million. The dispute arose from tax assessments on PEM based on market prices instead of actual revenue, contradicting the previously agreed Advance Pricing Agreement with Mexican tax authorities.
First Majestic Silver Corp. (AG) announced its three operating mines in Mexico have received the 2021 Socially Responsible Business Distinction Award. This award recognizes the company’s commitment to sustainability, corporate ethics, and good governance practices. The San Dimas mine has received the award for the tenth consecutive year, while the Santa Elena mine for the seventh. The La Encantada mine achieved this recognition for the first time. The company aims to produce between 12.5 to 13.9 million silver ounces in 2021, reinforcing its position as a leader in Corporate Social Responsibility.
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