There’s no substitute for silver.

The Santa Elena Silver / Gold Mine is 100% owned by First Majestic Silver Corp. and is comprised of mining concessions that totals 102,244 hectares. The Santa Elena mine operation consists of the Santa Elena underground mine and the Ermitaño underground mine. The Santa Elena processing plant is able to use a campaign method of ore processing for treating different ores separately.

The San Dimas Silver/Gold Mine is 100% owned and operated by First Majestic Silver Corp. having been acquired in May 2018 as a result of the acquisition of Primero Mining Corp. The San Dimas operation has since become a cornerstone asset in First Majestic’s portfolio. The San Dimas property contains 71,867 hectares of mining claims located in the state of Durango, Mexico.

The Los Gatos Silver mine is a high-grade, low-cost, primary silver underground mine with robust exploration and development potential on approximately 103,000 hectares of mineral rights in Chihuahua State, Mexico. The district is 70% owned by First Majestic, with a strong Joint Venture partner in Japan’s Dowa Metals & Mining Co. Ltd, who holds the remaining 30% interest. Operating since 2019, the modern mine, mill and facilities at Los Gatos were acquired by the Company in 2025 with the acquisition of Gatos Silver.

The La Encantada Silver Mine is 100% owned by First Majestic Silver Corp. and includes a 4,000 tpd processing mill. The site encompasses 4,076 hectares of mining rights and 1,343 hectares of surface rights. The La Encantada property has been in First Majestic's portfolio of assets since 2006 and has since become one of the Company's largest producing silver mines.