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First Majestic - AG STOCK NEWS

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Overview of First Majestic Silver Corp

First Majestic Silver Corp is a publicly traded mining company specializing in the extraction and production of silver and gold, with a strong operational focus in Mexico and strategic exploration assets in the United States. As a significant participant in the precious metals mining sector, the company leverages both traditional and innovative mining techniques to extract high-quality mineral resources. Incorporating advanced mineral exploration methodologies, efficient mining operations, and a state-of-the-art minting process, First Majestic stands out for its comprehensive approach to bullion production and value creation.

Core Operations and Mining Expertise

The company’s primary business revolves around the development, exploration, and production of mineral properties. First Majestic owns and operates multiple underground mines in Mexico, notably the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine. At its core, the company focuses on the extraction of silver as its principal metal, supported by significant quantities of gold produced as a secondary metal. These operations are underpinned by rigorous exploration programs designed to expand resource bases and convert inferred mineral resources to indicated and proven reserves. With robust drilling operations and continuous resource evaluation, First Majestic demonstrates its commitment to maximizing resource recovery while sustaining operational excellence.

Vertical Integration and Bullion Production

In an effort to capture enhanced value from its mined silver, First Majestic has achieved vertical integration through the establishment of its minting facility, First Mint, LLC. This facility is an exemplar of modern bullion manufacturing, incorporating innovative production lines that reduce energy consumption and lower gas emissions relative to traditional processes. The mint has successfully commissioned its operations and, through the production of high-quality silver bullion products such as bars, ingots, coins, and medallions, offers an additional revenue stream that bridges the gap between mining and direct consumer sales. The incorporation of quality control measures like ISO certification underscores the company’s commitment to maintaining strict standards in the manufacturing of investment-grade bullion.

Exploration and Resource Development

Exploration forms a cornerstone of First Majestic’s strategy. The company pursues an aggressive drilling campaign at both brownfield and greenfield targets to identify new mineralized zones and extend existing resource models. Detailed exploration programs have been carried out at properties such as San Dimas, where drilling campaigns have successfully intercepted significant silver and gold mineralization in multiple vein systems. These programs are executed under stringent QA/QC standards and are aimed at converting inferred resources into higher confidence categories, thereby de‐risking future mining operations. The company’s commitment to exploration and development not only enhances its mineral reserve portfolio but also positions it strategically in terms of future development potential without relying on speculative assessments of its output.

Rhea-AI Summary
First Majestic Silver Corp. (AG) announces positive drilling results from its 2023 exploration programs at San Dimas, Santa Elena, and Jerritt Canyon. The drilling programs were designed to test new silver and gold mineral targets, increase Mineral Resources, and convert Mineral Resources to Mineral Reserves. The company is very encouraged with the exploration results and expects to release updated Mineral Resource and Mineral Reserve estimates by the end of March.
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First Majestic Silver Corp. (AG) announces that total production in Q4 2023 reached 6.6 million AgEq ounces, a 6% increase from the previous quarter. Santa Elena achieved a record production of 3.0 million AgEq ounces, while the ESG score improved to 31.0 by the end of 2023. However, La Encantada's production was impacted by limited water supply, resulting in a 9% decrease in silver production compared to the prior quarter.
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First Majestic Silver Corp. announces unaudited Q3 2023 financial results. Highlights include production of 6.3 million silver equivalent ounces, quarterly revenues of $133.2 million, and adjusted net earnings of ($10.93) million. Cash and restricted cash balance at the end of the quarter was $257.3 million. A cash dividend payment of $0.0046 per common share was declared for Q3 2023.
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First Majestic Silver Corp. announces Q3 2023 production results, meeting 75% of guidance midpoint.
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First Majestic Silver Corp. launches its own minting facility, First Mint, LLC, to increase bullion sales and reduce production costs.
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First Majestic Silver Corp. has completed the sale of its La Parrilla Silver Mine to Golden Tag Resources Ltd. for CDN$27.0 million or US$20.0 million. First Majestic received 143,673,684 common shares of Golden Tag as part of the sale and will receive up to US$13.5 million in milestone payments. Additionally, First Majestic purchased 18,009,000 Subscription Receipts of Golden Tag, which have now converted into common shares and warrants.
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First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) announces unaudited Q2 2023 financial results, including a 17% decrease in silver equivalent ounces production and a 7% decrease in quarterly revenues. Operating cash flows increased by 23% compared to the previous quarter. The company also declared a cash dividend payment of $0.0051 per common share for the second quarter of 2023.
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FAQ

What is the current stock price of First Majestic (AG)?

The current stock price of First Majestic (AG) is $6.76 as of March 28, 2025.

What is the market cap of First Majestic (AG)?

The market cap of First Majestic (AG) is approximately 3.4B.

What is the primary focus of First Majestic Silver Corp?

First Majestic Silver Corp focuses on the extraction and production of silver, complemented by significant gold production from its mining operations in Mexico.

Where are First Majestic's main mining operations located?

The company primarily operates in Mexico, with key producing mines including San Dimas, Santa Elena, and La Encantada, along with exploration assets in the United States.

How does First Majestic achieve vertical integration?

Through its 100%-owned minting facility, First Mint, LLC, the company converts a portion of its mined silver into finished bullion products, enhancing value through direct consumer offerings.

What role does exploration play in the company’s strategy?

Exploration is central to First Majestic's strategy, with extensive drilling programs aimed at expanding mineral resource bases, upgrading resource classifications, and de-risking future mining prospects.

How does the company ensure the quality of its bullion products?

The minting facility employs state-of-the-art technology, energy-efficient processes, and rigorous quality control measures, including preparations for ISO certification, to guarantee the purity and authenticity of its bullion products.

What distinguishes First Majestic from other mining companies?

The company’s comprehensive approach, combining active mining, aggressive exploration, and vertical integration through its own minting facility, positions it uniquely within the industry by enhancing operational control and value capture.

How does First Majestic manage operational risks?

Through a commitment to advanced drilling, robust QA/QC protocols, efficient mining practices, and strategic resource management, First Majestic mitigates risks while sustaining reliable production.

What is the significance of the minting facility in the company’s business model?

The minting facility not only provides a direct market for the company’s silver production but also demonstrates its ability to control the entire supply chain from extraction to finished product, thereby improving profitability and market presence.
First Majestic

NYSE:AG

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AG Stock Data

3.40B
479.21M
0.9%
38.61%
5.53%
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