First Majestic SEC Filings

First Majestic Silver Corp. released its 2025 Sustainability Report and mailed materials for its 2026 Annual General Meeting of Shareholders. The report, aligned with Sustainability Accounting Standards Board standards, highlights a 21% annual reduction in carbon footprint per tonne of ore processed in 2025 and a 49% reduction in carbon intensity since 2019.

In 2025 the Company invested US$2.4 million in local communities, maintained strong retention with 70% of employees having tenure over six years, and saw 91% of working mothers return after maternity leave. Safety performance included a 0.55 TRIFR and 0.12 LTIFR, and the Company ranked in the top decile or quartiles of several ESG rating providers. The 2026 AGM is scheduled for June 10, 2026, in Vancouver, with materials delivered using a notice-and-access model to reduce paper use.

First Majestic Silver Corp. has called its annual general meeting for June 10, 2026 in Vancouver, using electronic “Notice and Access” delivery for materials. Shareholders of record as of April 15, 2026, when 493,741,468 common shares were outstanding, can vote in person or by proxy.

Items up for approval include setting the Board at six directors, electing the listed nominees, re-appointing Deloitte LLP as auditor, an advisory “Say‑on‑Pay” vote on executive compensation, and approval of all unallocated entitlements under the Long‑Term Incentive Plan. Shareholders are also asked to ratify previously granted interim equity awards, including 1,550,370 stock options, 424,137 restricted share units and 220,781 performance share units granted to executives, directors, employees and consultants.

The company outlines detailed governance practices, director independence, Board and committee structures, and extensive director education and site visits, and has engaged Laurel Hill as proxy solicitation agent for a fee of up to $50,000 plus expenses to assist shareholders with voting.

First Majestic Silver Corp. reported Q1 2026 production from its four Mexican underground mines of 3.5 million ounces of silver, 34,341 ounces of gold, 15.4 million pounds of zinc, 8.7 million pounds of lead and 262,913 pounds of copper. Silver output was slightly below Q1 2025 but represents 26% of the Company’s 2026 silver guidance midpoint, while gold production represents 28% of its gold guidance midpoint, indicating results are broadly tracking annual plans.

La Encantada was a standout, lifting silver production 48% year-over-year to 829,081 ounces on higher grades and better mine development. Santa Elena achieved record quarterly ore throughput and modestly higher silver grades, while San Dimas delivered lower grades as planned but maintained strong recoveries.

At Los Gatos, where the Company holds a 70% interest, attributable production aligned with guidance, and work continues toward a targeted ore throughput of 4,000 tonnes per day in the second half of 2026. The Company also advanced exploration, updating Mineral Reserve and Resource estimates and launching a restart plan for the Jerritt Canyon Gold Mine in Nevada, targeting production in the second half of 2027. Safety performance remained strong, with a Total Reportable Incident Frequency Rate of 0.61 and a Lost Time Incident Frequency Rate of 0.06 in Q1 2026.

First Majestic Silver Corp. is launching a restart plan for its Jerritt Canyon gold mine in Nevada, targeting a return to production in the second half of 2027. The company plans to invest $75 million in 2026 on mine development, drilling, plant upgrades, workforce buildup, and supporting studies.

The plan includes a pre-feasibility level study by Stantec expected in Q4 2026, roughly 42,000 metres of drilling, and opening and rehabilitating the Smith and SSX underground mines. Jerritt Canyon hosts an estimated 4.1 million ounces of gold in Measured and Indicated Mineral Resources and 3.7 million ounces in Inferred Mineral Resources as of December 31, 2025.

First Majestic Silver reported strong 2025 Mineral Reserve and Mineral Resource growth across its four operating Mexican mines and the Jerritt Canyon Gold Mine, based on estimates effective December 31, 2025. Proven and Probable Mineral Reserves increased 4% to 184.8 million silver-equivalent (AgEq) ounces.

Measured and Indicated Mineral Resources rose 50% to 652.8 million AgEq ounces, while Inferred Mineral Resources grew 69% to 592.3 million AgEq ounces, driven by successful drilling and higher long-term metal price assumptions. The new Santo Niño discovery at Santa Elena added 4.1 million tonnes of Inferred Resources containing 27.4 million AgEq ounces, and the Navidad and Santo Niño areas together host 10.5 million tonnes with 90.7 million AgEq ounces.

In 2025, the company completed 264,364 metres of exploration drilling, with Santa Elena and Jerritt Canyon delivering the largest resource increases. First Majestic also filed its 2025 Annual Information Form in Canada and its Annual Report on Form 40-F in the United States, which include detailed technical and financial information.

First Majestic Silver Corp. filed its annual Form 40-F for the fiscal year ended December 31, 2025, incorporating an Annual Information Form, audited consolidated financial statements for 2025 and 2024, and MD&A. Management and the CEO/CFO concluded disclosure controls and internal control over financial reporting were effective as of December 31, 2025, excluding controls of Gatos Silver, Inc., which the Company acquired on January 16, 2025. Deloitte LLP issued an attestation report on internal control dated February 18, 2026. The filing includes an Incentive Compensation Recovery Policy and various consents and certifications.

First Majestic Silver Corp. has scheduled its Annual General Meeting of security holders. Investors of record on April 15, 2026 will be entitled to receive notice and vote at the meeting, which will be held on June 10, 2026 in Vancouver, British Columbia.

The meeting will take place at Suite 2500, 666 Burrard Street, Vancouver, BC V6C 2X8. Both registered and beneficial holders will receive proxy materials using a Notice and Access approach, and the company will pay for delivery to objecting beneficial owners.

First Majestic Silver Corp. reported results from its 2025 exploration drilling program at the Jerritt Canyon Gold Mine in Nevada. The company completed approximately 18,300 metres of reverse circulation drilling across 57 holes, targeting both underground and potential open-pit mineralization in areas such as Mahala, Javelin, Saval, Blackjack, Murray, Winter’s Creek and USB.

Highlight intercepts include 24.4 metres grading 3.43 g/t Au at Mahala/Javelin (hole MA-25-017), 7.6 metres at 9.43 g/t Au at Mahala/Javelin (MA-25-008), 18.3 metres at 2.23 g/t Au (MA-25-009), and 51.8 metres at 1.48 g/t Au at Saval (SC-25-003). Several open-pit style intervals met a 0.43 g/t Au cut-off over lengths of 9.1 metres or more, such as 47.2 metres at 2.75 g/t Au at SSX Mahala (MA-25-017) and 51.8 metres at 1.48 g/t Au at Saval Expansion (SC-25-003).

The program was designed to test mineralization beneath cover rocks and extend known zones beyond existing Inferred Mineral Resources, using defined cut-off grades and compositing rules for significant intercepts. All samples were processed at Bureau Veritas Minerals Laboratories in Nevada under a documented QA/QC protocol. A qualified person under NI 43-101, Gonzalo Mercado, P. Geo., reviewed and approved the technical information, and the company states that the results underscore the potential to expand both underground and open-pit Mineral Resources at Jerritt Canyon.

First Majestic Silver Corp. reported a sharp turnaround in 2025, boosted by the acquisition of Gatos Silver. Revenue rose to $1,257,157 thousand from $560,604 thousand in 2024, driving mine operating earnings up to $450,045 thousand. Net earnings reached $210,975 thousand, compared with a loss of ($101,885) thousand, with basic and diluted earnings per share of $0.34 versus a loss of ($0.34) per share.

The Gatos transaction, valued at about $1,054,223 thousand, added the Los Gatos mine and contributed $489,757 thousand of revenue and $151,500 thousand of net earnings in 2025. Total assets grew to $4,694,915 thousand and equity to $3,172,966 thousand, while cash and cash equivalents increased to $793,435 thousand.

Management and Deloitte LLP concluded that internal control over financial reporting was effective as of December 31, 2025, with Gatos’ controls excluded under a permitted scope limitation. The company also recognized an impairment reversal of $20,336 thousand related to Del Toro after signing a definitive sale agreement of up to $60,000 thousand and recorded an accrual for the 2012 year in its ongoing Mexican tax dispute.