First Majestic Silver(TSX:AG)

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States.

Investor website: https://www.firstmajestic.com/

About

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates four producing underground mines in Mexico: the Los Gatos Silver Mine, the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, along with a portfolio of development and exploration assets, including the Jerritt Canyon Gold project in Nevada. The Company aims to benefit from rising silver prices and is committed to socially responsible mining.

Verified company data

Cash position
$110.1 million
Shares outstanding
493724650
Fully diluted shares
183,650,405
Mineral resource
Jerritt Canyon: measured & indicated 1,691k au oz, inferred 1,542k au oz. Los Gatos: 2024 production (100% basis) 15.6m ageq oz (9.7m ag oz + 59.7m zn lbs + 46.4m pb lbs + 53k au oz), proven & probable reserves tba, measured & indicated tba, inferred tba. Santa Elena: 2024 production 10.3m ageq oz (1.5m ag oz + 104k au oz), 2024 all-in sustaining costs $14.40, proven & probable reserves 10.5m ag + 307k au oz, measured & indicated 16.3m ag + 435k au oz, inferred 10.5m ag + 222k au oz. Springpole Project: stream on 50% of payable silver, area 70,000 hectares, location 110 km northwest of the town of red lake, ontario, canada. San Dimas: 2024 production 8.8m ageq oz (4.5m ag oz + 50k au oz), 2024 all-in sustaining costs $21.06, proven & probable reserves 30.4m ag + 364k au oz, measured & indicated 51.3m ag + 627k au oz, inferred 39.0m ag + 467k au oz. San Martin: measured & indicated 9.0m ag + 17k au oz, inferred 18.4m ag + 29k au oz. La Encantada: 2024 production 2.4m ageq oz, 2024 all-in sustaining costs $28.31, proven & probable reserves 15.3m ag oz, measured & indicated 28.3m ag oz, inferred 15.5m ag oz. Del Toro: measured & indicated 3.8m ag + 8k au oz, inferred 7.0m ag + 6k au oz. La Luz: not discovered. Jalisco: group of properties.
Projects
["#### Jerritt Canyon\n\ngold mine\n\nexploration & development\n\nmeasured & indicated\n\n1,691k au oz\n\ninferred\n\n1,542k au oz","#### Los Gatos\n\nsilver mine\n\n2024 production (100% basis)\n\n15.6m ageq oz\n\n(9.7m ag oz + 59.7m zn lbs + 46.4m pb lbs + 53k au oz)\n\n2024 all-in sustaining costs\n\nn/a – acquired january 16, 2025\n\nproven & probable reserves\n\ntba\n\nmeasured & indicated\n\ntba\n\ninferred\n\ntba","#### Santa Elena\n\nsilver/gold mine\n\n2024 production\n\n10.3m ageq oz\n\n(1.5m ag oz + 104k au oz)\n\n2024 all-in sustaining costs\n\n$14.40\n\nproven & probable reserves\n\n10.5m ag + 307k au oz\n\nmeasured & indicated\n\n16.3m ag + 435k au oz\n\ninferred\n\n10.5m ag + 222k au oz","#### Springpole Project\n\ngold & silver project\n\nlocation\n\n110 km northwest of the town of red lake, ontario, canada\n\narea\n\n70,000 hectares\n\nmetals\n\nstream on 50% of payable silver","#### San Dimas\n\nsilver/gold mine\n\n2024 production\n\n8.8m ageq oz\n\n(4.5m ag oz + 50k au oz)\n\n2024 all-in sustaining costs\n\n$21.06\n\nproven & probable reserves\n\n30.4m ag + 364k au oz\n\nmeasured & indicated\n\n51.3m ag + 627k au oz\n\ninferred\n\n39.0m ag + 467k au oz","#### San Martin\n\nsilver mine\n\nmeasured & indicated\n\n9.0m ag + 17k au oz\n\ninferred\n\n18.4m ag + 29k au oz","#### La Encantada\n\nsilver mine\n\n2024 production\n\n2.4m ageq oz\n\n2024 all-in sustaining costs\n\n$28.31\n\nproven & probable reserves\n\n15.3m ag oz\n\nmeasured & indicated\n\n28.3m ag oz\n\ninferred\n\n15.5m ag oz","#### Del Toro\n\nsilver mine\n\nmeasured & indicated\n\n3.8m ag + 8k au oz\n\ninferred\n\n7.0m ag + 6k au oz","#### La Luz\n\nsilver project","#### Jalisco\n\ngroup of properties"]
Leadership
Keith Neumeyer (Chief Executive Officer, Mr. Neumeyer has worked in the investment community since 1984, founding First Majestic Silver in 2002 and First Mining Gold in 2015. He has extensive experience in finance, business development, and corporate restructuring.), Mani Alkhafaji (President & Chief Corporate Development Officer, Mr. Alkhafaji has over 15 years of experience in finance and mergers and acquisitions, overseeing Corporate Development and Sustainability at First Majestic.), Dave Howe (Chief Operating Officer, Mr. Howe brings over 35 years of operational leadership in the mining sector, previously serving as Vice-President, Operations at Pan American Silver.), David Soares CA, CPA (Chief Financial Officer, Mr. Soares has over 15 years of finance and management experience with multinational mining companies, including Xstrata and Barrick.), Samir Patel LL.B (General Counsel & Corporate Secretary, Mr. Patel is experienced in M&A transactions and corporate law, previously serving as General Counsel at First Mining Gold Corp.)

Verified data last updated: 2026-05-15

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