FIRST MAJESTIC SILVER CORP SEC Filings

Van Eck Associates Corporation reports beneficial ownership of 35,668,213 First Majestic Silver Corp ordinary shares, representing 7.2% of the class. Van Eck has sole voting and sole dispositive power over all these shares, with no shared voting or dispositive authority disclosed.

First Majestic Silver Corp. delivered sharply improved Q2 2026 results. Revenue rose to $415.5 million, up 57% year-over-year, driven mainly by a 90% higher average realized silver price of $63.98/oz and a 40% higher gold price of $4,347/oz. Silver and gold production increased modestly to 3.8 million silver ounces and 34,660 gold ounces, while mine operating earnings climbed to $223.6 million from $49.4 million.

Net earnings attributable to owners were $109.4 million (EPS $0.22), more than doubling year-over-year, and EBITDA reached $252.3 million. Free cash flow stood at $194.6 million, helping build a record $1,252.7 million treasury, including $1,093.3 million in cash and cash equivalents. Working capital reached $876.0 million, and overall liquidity was $1,035.8 million. The company declared a Q2 2026 cash dividend of $0.0152 per share, a 217% increase, and repurchased and cancelled 1,200,000 shares for US$22.7 million. Cash costs and AISC per silver-equivalent ounce rose but were offset by strong realized prices, expanding AISC margin to $40.27/oz.

First Majestic Silver Corp., a North American silver‑ and gold‑focused producer, reported Q2 2026 revenue of $415,499, up from $264,229 a year earlier. Net earnings were $125,893 versus $56,579, with earnings attributable to shareholders of $109,433 and basic and diluted earnings per share of $0.22 (Q2 2025: $0.11). For the first six months of 2026, revenue reached $892,167 and net earnings $273,379 compared with $508,171 and $62,819 in 2025.

Mine operating earnings were $223,616 in Q2 2026 versus $49,351, driven by contributions from the Santa Elena, Los Gatos, San Dimas and La Encantada mines and the First Mint bullion segment. Operating cash flow was $445,416 for the six‑month period (2025: $145,598), supporting cash and cash equivalents of $1,093,311 at June 30, 2026. Total assets stood at $4,939,096, with equity of $3,374,951 and 492,656,821 common shares issued.

Strategic actions included completion of the Del Toro Silver Mine sale on June 19, 2026, with related impairment reversals of $1,923, and continued integration of the Los Gatos Silver Mine acquired through the $1,054,223 Gatos Silver transaction. The company also initiated a restart plan for the Jerritt Canyon Gold Mine and recorded $23,543 of other comprehensive loss from fair value changes in FVTOCI investments in the first half of 2026.

First Majestic Silver Corp. reported Q2 2026 production from its four Mexican mines of 3.8 million silver ounces, 34,660 gold ounces, 16.5 million pounds of zinc, 9.0 million pounds of lead and 252,938 pounds of copper, with modest year-over-year growth in silver and gold output. La Encantada led silver growth with a 65% increase, while Santa Elena set new throughput records and Los Gatos delivered strong grades despite a rockfall-related disruption. San Dimas saw lower Q2 production due to temporarily resolved labour and equipment issues.

The Company raised its 2026 attributable consolidated guidance to 14.6–15.5 million silver ounces, up 10% from the original 13.0–14.4 million ounce range, and to 128,000–135,000 gold ounces, up 7% from 116,000–129,000 ounces. 2026 consolidated cash costs are now expected at $19.27–$19.85 per payable silver equivalent ounce, with all-in sustaining costs of $27.69–$28.77 per ounce, about 4% higher at the mid-point than prior guidance.

Capital investments for 2026 have been increased to $318–$344 million, 47% above the original $213–$236 million plan, to fund growth projects including approximately $75 million for the Jerritt Canyon restart, $12 million for Santo Niño and Navidad development at Santa Elena, and expansion initiatives at Los Gatos, San Dimas and La Encantada. The Company also completed the sale of the Del Toro Silver Mine for total consideration of up to $60 million, has appointed a new Chief Financial Officer, and will discuss these updates on a July 30, 2026 conference call alongside its Q2 2026 financial results.

First Majestic Silver Corp. has entered into a definitive agreement to sell its 100%-owned, past producing San Martin Silver Mine in Jalisco, Mexico to Flextronics Supply and Service, S. de R.L. de C.V. for total cash consideration of US$90 million. Flextronics will acquire all shares of Minera El Pilon, which holds San Martin and the 5,245-hectare Jalisco Group of Properties. The price includes US$2.5 million at closing (with US$500,000 already in escrow), another US$2.5 million within 180 days of closing, five annual payments of US$10 million each, and a final US$35 million payment on August 31, 2032. Closing is subject to customary conditions, including Mexican Antitrust approval, and is anticipated in the fourth quarter of 2026. San Martin has been on care and maintenance since July 2019, so this agreement monetizes a non-operating asset while First Majestic continues to focus on its producing mines and development projects in Mexico and the United States.

First Majestic Silver Corp. reports strong 2026 exploration progress at the Santo Niño and Navidad vein systems within its Santa Elena Silver/Gold Mine in Sonora, Mexico. The company has received permits to construct the Santo Niño and Navidad portals and plans an additional $12 million investment in 2026 for underground access, portal construction, decline and ramp development.

At Santo Niño, 26,904 metres of drilling across 69 holes in 2026 have focused on converting Inferred Mineral Resources to Indicated, with significant silver and gold intercepts generally better than modeled and highlighting higher-grade mineralization in the western vein. At Navidad’s Winter vein, 7,704 metres across 10 holes have returned high-grade intercepts near the edge of current Inferred Mineral Resources, supporting its role as a potential early mining area. Mineralization at Santo Niño currently extends about 1,100 metres along strike and 425 metres down dip, while the Winter vein extends roughly 1,000 metres along strike and 350 metres down dip, with multiple high-grade AgEq intervals listed in detailed drill tables.

First Majestic Silver Corp. reports the closing of Sierra Madre Gold and Silver’s acquisition of the Del Toro Silver Mine from First Majestic Del Toro, S.A. de C.V. for consideration of up to US$60 million.

At closing, Sierra Madre paid US$20 million in cash and issued 10,870,000 Sierra Madre common shares at a deemed price of $1.30 per share to First Majestic. Future milestone payments of up to US$30 million may be made in cash or shares if resource and production targets are met. Sierra Madre also completed a concurrent private placement of 44,231,300 subscription receipts at $1.30 for gross proceeds of $57,500,690, funding the deal and planned work at Del Toro.

Following the share issuance, First Majestic holds 62,433,076 Sierra Madre shares, representing about 24.77% of Sierra Madre on a non-diluted basis, and has agreed to staged escrow releases on its new shares through June 19, 2028.

First Majestic Silver Corp. reported the results of its 2026 annual general meeting, where 290,164,319 common shares were represented, equal to 58.77% of shares outstanding as of the April 15, 2026 record date. Shareholders approved all items on the agenda.

The board size was set at six directors, and all six nominees were elected, with support generally above 98% except for Thomas F. Fudge, Jr., who received 69.87% of votes for. Deloitte LLP was re-appointed as auditor with 87.01% support. A non-binding say-on-pay resolution on executive compensation passed with 65.64% of votes for, and shareholders approved unallocated entitlements under the long-term incentive plan, with 97.34% of votes for.

First Majestic is a silver and gold producer with four operating underground mines in Mexico and a portfolio of development and exploration assets, including the Jerritt Canyon Gold Mine in Nevada, which it is in the process of re-starting.

First Majestic Silver Corp. delivered a sharp turnaround in Q1 2026 with much stronger profitability and cash generation. Revenue nearly doubled to $476.7 million from $243.9 million, driving mine operating earnings up to $266.6 million from $63.8 million. Net earnings jumped to $147.5 million compared with $6.2 million a year earlier, and basic and diluted earnings per share attributable to shareholders rose to $0.26 from $0.01.

Operating cash flow increased to $236.5 million from $55.5 million, supporting a higher cash and cash equivalents balance of $984.8 million as of March 31, 2026. Total assets reached $4.82 billion, with equity of $3.32 billion and debt facilities of $297.4 million. The Los Gatos mine was a major contributor, generating $185.8 million of segment revenue and $108.8 million of mine operating earnings, while Santa Elena, San Dimas and La Encantada also posted strong mine-level results.