First Majestic Silver (NYSE: AG) uses 2024 ESTMA report for Form SD

Rhea-AI Filing Summary

First Majestic Silver Corp. filed a Specialized Disclosure Report that focuses on payments related to its resource extraction activities. The company states that the conflict minerals sections of the form are not applicable, so no conflict minerals disclosure or related exhibits are provided.

For its resource extraction disclosure, First Majestic relies on an alternative reporting provision and uses its existing report prepared under Canada’s Extractive Sector Transparency Measures Act (ESTMA) to meet U.S. requirements. The ESTMA report for the year ended December 31, 2024 is filed as Exhibit 2.01 and is also available on both First Majestic’s website and the Government of Canada’s website.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM SD

Specialized Disclosure Report

FIRST MAJESTIC SILVER CORP.
(Exact name of registrant as specified in its charter)

British Columbia, Canada	001-34984	Not applicable
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

Suite 1800 – 925 West Georgia Street Vancouver, British Columbia, Canada	V6C 3L2
(Address of principal executive offices)	(Zip Code)

David Soares
First Majestic Silver Corp.
(604) 688-3033
(Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________.

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2024.

SECTION 1 – CONFLICT MINERALS DISCLOSURE

Item 1.01 - Conflict Minerals Disclosure and Report

Not applicable

Item 1.02 - Exhibit

Not applicable

SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01 Resource Extraction Issuer Disclosure and Report

First Majestic Silver Corp. (“First Majestic”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). First Majestic is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2024 to satisfy the requirements of Item 2.01. First Majestic’s ESTMA report is available on First Majestic’s website at https://firstmajestic.com/investors/reports-filings/ or on the Government of Canada’s website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

SECTION 3 – EXHIBITS

Item 3.01. Exhibits

The following exhibit is filed as part of this report. 

Exhibit Number		Description
2.01		Extractive Sector Transparency Measures Act – Annual Report for the year ended December 31, 2024

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

FIRST MAJESTIC SILVER CORP.
By:	/s/ Samir Patel		August 30, 2025
	Samir Patel		(Date)
	General Counsel & Corporate Secretary

FAQ

What is the purpose of First Majestic Silver Corp. (AG) Form SD filing?

The Form SD provides specialized disclosure about First Majestic Silver Corp.’s resource extraction payments, using its Canadian ESTMA report to satisfy U.S. disclosure requirements for the year ended December 31, 2024.

Does First Majestic Silver Corp. (AG) provide a conflict minerals report in this Form SD?

No. The filing states that the conflict minerals disclosure and related exhibit are not applicable, so no conflict minerals report is included.

How does First Majestic Silver Corp. (AG) meet its resource extraction disclosure requirements?

First Majestic Silver Corp. relies on the alternative reporting provision and uses its Extractive Sector Transparency Measures Act (ESTMA) report for the year ended December 31, 2024 to meet Item 2.01 requirements.

Where can investors find First Majestic Silver Corp.’s ESTMA report for 2024?

The ESTMA report is available as Exhibit 2.01 to the Form SD, on First Majestic Silver Corp.’s website, and on the Government of Canada’s ESTMA reports webpage.

What exhibit is attached to First Majestic Silver Corp. (AG) Form SD?

The filing includes Exhibit 2.01, titled “Extractive Sector Transparency Measures Act – Annual Report for the year ended December 31, 2024.”

Which period does the resource extraction disclosure for First Majestic Silver Corp. (AG) cover?

The resource extraction disclosure, via the ESTMA report filed as Exhibit 2.01, covers the year ended December 31, 2024.