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) is a publicly traded mining company focused on silver and gold production, with operating underground mines in Mexico and development and exploration assets in Mexico and the United States. The news flow around First Majestic is driven by operational updates from its producing mines, exploration results, corporate transactions and financing activities.
Investors following AG news can expect regular production reports from the company’s four producing underground mines in Mexico: the Los Gatos Silver Mine (held through a 70% interest in the Los Gatos Joint Venture), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine and the La Encantada Silver Mine. These updates often detail silver and silver‑equivalent output, contributions from by‑product metals, and mine‑by‑mine performance.
First Majestic also issues exploration news, particularly from the Santa Elena district in Sonora, Mexico, where it has reported discoveries and drilling progress at targets such as Santo Niño, Navidad and the Luna Zone. Additional exploration updates come from San Dimas, Los Gatos, La Encantada and the Jerritt Canyon Gold project in Nevada, reflecting the company’s focus on resource growth and mine life extension.
Corporate and capital markets developments feature prominently in AG news releases. Recent examples include the acquisition and integration of Gatos Silver, Inc., the proposed sale of the past‑producing Del Toro Silver Mine to Sierra Madre Gold & Silver Ltd., offerings and pricing of unsecured convertible senior notes due 2031, and early‑warning reports related to changes in equity positions in other mining companies.
Dividend declarations, share repurchase program announcements on the Toronto Stock Exchange, and disclosures on safety performance and ESG ratings also appear in the company’s news. For investors and analysts, the AG news page provides a centralized view of production trends, exploration milestones, balance sheet actions and other material events affecting First Majestic Silver Corp.
First Majestic Silver Corp. (AG) has filed for arbitration with the International Centre for Settlement of Investment Disputes (ICSID) against the Government of Mexico, citing breaches of the Advance Pricing Agreement affecting its subsidiary, Primero Empresa Minera S.A. de C.V. (PEM). Despite efforts for negotiation, the government refused engagement. The company is seeking a neutral tribunal to resolve the dispute under NAFTA's provisions. First Majestic operates multiple silver and gold mines in Mexico, targeting production of 12.5 to 13.9 million silver ounces in 2021.
First Majestic Silver Corp. (AG) announced its consolidated financial results for Q4 and the year ended December 31, 2020. The company generated revenues of $363.9 million, boosted by robust silver production and higher metal prices, particularly in the second half of the year. Q4 revenues reached $117.1 million, an increase of 21% from Q4 2019, with a net earnings of $34.5 million (EPS of $0.16). Cash costs per ounce rose to $6.53, while AISC increased to $15.92. End-of-year cash and equivalents were $238.6 million, marking a significant 41% increase from 2019.
First Majestic Silver Corp. reported a total production of 5.2 million silver equivalent ounces in Q3 2020, comprising 3.2 million ounces of silver and 25,771 ounces of gold, reflecting increases of 72% and 63% respectively from the previous quarter. The company aims to fully recover lost production due to COVID-19 by year-end. The balance of cash and cash equivalents stood at $232.4 million. Significant production growth was noted at La Encantada and San Dimas, while exploration efforts are set to expand with a targeted total of 163,000 metres for the year.
First Majestic Silver Corp. (AG) announced the acquisition of 5,146,401 common shares of Silver Dollar Resources Inc., increasing its ownership to approximately 16.4%. This acquisition, valued at CDN$9,160,594, follows an option agreement from August 2020. Future share acquisition opportunities exist, based on market conditions. The press release emphasizes First Majestic's focus on silver production in Mexico, with expected silver output between 11.0 to 11.7 million ounces in 2020.
First Majestic Silver Corp. (AG) has successfully closed a bought deal with Eric Sprott, issuing 5 million common shares at CDN$15.60 each, resulting in gross proceeds of CDN$78 million. The funds will be utilized for developing mining projects, enhancing existing mines, and increasing working capital. The Offering was conducted under a prospectus supplement filed in Canada, with a focus on silver production in Mexico. The company projects a total silver production of 11.0 to 11.7 million ounces for 2020.
First Majestic Silver Corp. (AG) has successfully closed a previously announced bought deal, issuing 5 million common shares at CDN$15.60 each, generating gross proceeds of CDN$78 million. The funds will be utilized for developing mining projects and enhancing existing operations. The offering was conducted under a prospectus supplement and is not registered under U.S. securities laws. First Majestic focuses on silver production in Mexico, with an estimated output of 11.0 to 11.7 million silver ounces expected in 2020.
First Majestic Silver Corp. (NYSE: AG) has announced a bought deal agreement for the sale of 5,000,000 common shares at CDN$15.60 each, totaling gross proceeds of CDN$78 million. The funds will support the development and improvement of existing mines and bolster working capital. The offering is restricted to Canada and is expected to close by September 17, 2020, pending regulatory approvals. The company projects silver production between 11.0 to 11.7 million ounces in 2020 from its operations in Mexico.