# 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.

## About

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently 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, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A. The Company aims to become the world’s largest primary silver producer while improving lives and communities in its host regions and increasing shareholder value.

## Key facts

- **Cash position:** $110.1 million
- **Shares outstanding:** 493724650
- **Fully diluted shares:** 183,650,405
- **Warrants:** 0
- **Options:** 5192364
- **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: location 110 km northwest of the town of red lake, ontario, canada, area 70,000 hectares, metals stream on 50% of payable silver. 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: gold mine, exploration & development, measured & indicated 1,691k au oz, inferred 1,542k au oz.","Los Gatos: silver mine, 2024 production (100% basis) 15.6m ageq oz (9.7m ag oz + 59.7m zn lbs + 46.4m pb lbs + 53k au oz), 2024 all-in sustaining costs n/a – acquired january 16, 2025, proven & probable reserves tba, measured & indicated tba, inferred tba.","Santa Elena: silver/gold mine, 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: gold & silver project, location 110 km northwest of the town of red lake, ontario, canada, area 70,000 hectares, metals stream on 50% of payable silver.","San Dimas: silver/gold mine, 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: silver mine, measured & indicated 9.0m ag + 17k au oz, inferred 18.4m ag + 29k au oz.","La Encantada: silver mine, 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: silver mine, measured & indicated 3.8m ag + 8k au oz, inferred 7.0m ag + 6k au oz.","La Luz: silver project.","Jalisco: group 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.), Neil Beaumont (Chief Financial Officer, Mr. Beaumont has over 30 years of leadership experience, previously serving as Chief Financial and Risk Officer at the Canada Pension Plan Investment Board.), 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: 2026-07-17_

## Recent filings

- 2026-07-08 — press_release — [AG_2026-07-08_19-52-24.pdf](https://chat.orbiton.app/ag/preview/62351?documentId=62351)
- 2026-07-07 — press_release — [AG_2026-07-07_19-50-26.pdf](https://chat.orbiton.app/ag/preview/62324?documentId=62324)
- 2026-06-25 — press_release — [AG_2026-06-25_19-29-19.pdf](https://chat.orbiton.app/ag/preview/56640?documentId=56640)
- 2026-06-23 — other — [AG_2026-06-23_17-21-15.pdf](https://chat.orbiton.app/ag/preview/56426?documentId=56426)
- 2026-06-22 — press_release — [AG_2026-06-22_10-46-45.pdf](https://chat.orbiton.app/ag/preview/55910?documentId=55910)
- 2026-06-10 — press_release — [AG_2026-06-10_23-20-42.pdf](https://chat.orbiton.app/ag/preview/54861?documentId=54861)
- 2026-05-12 — press_release — [AG_2026-05-12_06-50-34.pdf](https://chat.orbiton.app/ag/preview/50050?documentId=50050)
- 2026-05-12 — financials — [AG_2026-05-12_06-05-39.pdf](https://chat.orbiton.app/ag/preview/50045?documentId=50045)

## Investor FAQ

### [Latest News?](https://chat.orbiton.app/ag/faq/latest-news)

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### [Growth?](https://chat.orbiton.app/ag/faq/growth)

First Majestic Silver aims to become the world’s largest primary silver producer while improving lives and communities in its host regions and increasing shareholder value. The company is focused on expanding its production capabilities through its existing mines and development projects, including the Jerritt Canyon Gold project in Nevada.

## Live AI chat

- https://chat.orbiton.app/ag/chat
- Investor website: https://www.firstmajestic.com/