Silver Price: $21.23
NYSE: AG $9.04
TSX: FR $12.29
Frankfurt: FMV €8.76

First Majestic Produces 7.7M Silver Eqv. Oz in the Second Quarter Consisting of 2.8M Oz Silver and 59,391 Oz Gold; Announces Updated 2022 Guidance and Conference Call Details

Vancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) ("First Majestic" or the "Company") announces that total production in the second quarter of 2022 from the Company's four producing operations, the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine, reached 7.7 million silver equivalent ("AgEq") ounces consisting of 2.8 million ounces of silver and 59,391 ounces of gold. The Company's financial results for the second quarter of 2022 are scheduled to be released on Thursday, August 4, 2022.

SECOND QUARTER HIGHLIGHTS

  • Total Production Increased by 20% Y/Y: The Company produced 7.7 million AgEq ounces representing a 20% increase when compared to the second quarter of 2021 primarily due to the acquisition of Jerritt Canyon and successful ramp up of the Ermitaño mine at Santa Elena.
  • Record Production at Santa Elena: Strong ore production from the Ermitaño mine enabled Santa Elena to set an all-time new quarterly production record of 2.2 million AgEq ounces. The Company is now planning for higher production rates from Ermitaño in the second half of 2022 which is expected to result in a projected 28% increase in FY2022 production at Santa Elena to between 8.7 to 9.2 million AgEq ounces.
  • Restarting West Generator and Saval II mines at Jerritt Canyon: Underground mining activities began at the West Generator mine at the end of the quarter and the Company expects to start mining activities at Saval II in October. These two new sources of ore feed, along with operational improvements at the SSX mine, are anticipated to increase the average head grade and nearly double the amount of fresh ore feed to the plant in the fourth quarter. In addition, these improvements are expected to significantly reduce all-in sustaining costs in the second half of 2022.
  • Liquefied Natural Gas ("LNG") Powerplant Expansion at Santa Elena: The Company continued the construction of the LNG powerplant expansion project and powerline at Santa Elena to provide low-cost, clean energy to the Ermitaño mine and the dual-circuit project in Santa Elena. The expanded powerplant is expected to be operational in the fourth quarter following the installation of four additional LNG generators. In addition, the connection of the Ermitaño transmission powerline to the powerplant is expected to be completed in the third quarter of 2022.
  • 30 Drill Rigs Active: The Company completed a total of 76,444 metres of drilling across the Company's mines during the quarter. Throughout the quarter a total of 30 drill rigs were active consisting of 11 rigs at San Dimas, 11 rigs at Jerritt Canyon, six rigs at Santa Elena and two rigs at La Encantada.

"In the second quarter we saw strong production of 7.7 million silver equivalent ounces, a 20% increase year-over-year," said Keith Neumeyer, President and CEO. "In the second half of 2022, we anticipate a further 25% production increase in our total silver equivalent ounces. This increase in production is being propelled by significant growth at both the Santa Elena and Jerritt Canyon operations. At Jerritt Canyon, we successfully restarted the West Generator mine and expect to bring Saval II into production by October. These two mines, in addition to operational improvements at SSX, are expected to nearly double the amount of fresh ore feed to the plant in addition to increasing the average head grades. As a result of these production improvements, costs at Jerritt Canyon are projected to drop significantly over the next two quarters."

PRODUCTION TABLE Q2 Q2 Y/Y Q1 Q/Q
2022 2021 Change 2022 Change
Ore processed/tonnes milled 903,791 826,213 9% 877,118 3%
Silver ounces produced 2,775,928 3,274,026 -15% 2,613,328 6%
Gold ounces produced 59,391 46,545 28% 58,891 1%
Silver equivalent ounces produced 7,705,935 6,435,023 20% 7,222,002 7%

 

QUARTERLY REVIEW

Total ore processed during the quarter at the Company's mines amounted to 903,791 tonnes, representing a 3% increase compared to the previous quarter. The increase in tonnes processed was primarily due to higher throughput rates achieved at Santa Elena and La Encantada and slightly offset by lower processed tonnes at Jerritt Canyon.

Consolidated silver and gold grades in the quarter averaged 114 g/t and 2.29 g/t, respectively, compared to 109 g/t and 2.31 g/t, respectively, in the previous quarter. The 4% increase in consolidated silver grades was primarily due to a 30% increase in silver grades at La Encantada partially offset by a 9% decrease in silver grades at San Dimas. Head grades at Santa Elena and Jerritt Canyon were relatively unchanged compared to the prior quarter.

Consolidated silver and gold recoveries averaged 84% and 89%, respectively, during the quarter. The Company continued to advance the Santa Elena dual-circuit project in order to increase the leaching performance and metallurgical recoveries of the Santa Elena and Ermitaño ores at the processing plant. A new tailings filter-press, an additional leaching tank and a fourth CCD thickener are expected to be commissioned at Santa Elena in the fourth quarter. During the quarter, metals recoveries from Ermitaño averaged 49% for silver and 92% for gold. However, once the dual-circuit is fully operational the Company expects to achieve significantly higher silver and gold recoveries from Ermitaño.

Quarterly Mine by Mine Production Table:

Mine Ore Processed Tonnes

per Day
Ag

Grade (g/t)
Au

Grade (g/t)
Ag

Recovery
Au

 Recovery
Ag Oz Produced Au Oz Produced AgEq Oz Produced
San Dimas 197,102 2,166 257 3.01 94% 96% 1,527,465 18,354 3,046,665
Jerritt Canyon 213,647 2,348 - 3.40 - 80% - 18,632 1,546,142
Santa Elena 228,487 2,511 67 3.26 78% 93% 384,953 22,309 2,241,763
La Encantada 264,555 2,907 141 0.01 72% 90% 863,510 96 871,365
Total 903,791 9,932 114 2.29 84% 89% 2,775,928 59,391 7,705,935

 

Certain amounts shown may not add exactly to the total amount due to rounding differences.

*The following prices were used in the calculation of silver equivalent ounces: Silver: $22.60 per ounce; Gold: $1,871 per ounce.

At the San Dimas Silver/Gold Mine:

  • San Dimas produced 3,046,665 AgEq ounces during the quarter consisting of 1,527,465 ounces of silver and 18,354 ounces of gold, representing decreases of 6% and 1%, respectively, when compared to the prior quarter.
  • The mill processed a total of 197,102 tonnes of ore with average silver and gold grades of 257 g/t and 3.01 g/t, respectively. Silver and gold grades were lower in the second quarter compared to the prior quarter due to higher dilution from the long hole stopes in the Jessica and Regina veins. The Company is implementing a recovery plan for the second half of 2022 to reduce dilution and prioritizing the long hole stoping of the Jessica and Regina veins to improve ore grade and overall production.
  • Silver and gold recoveries during the quarter averaged 94% and 96%, respectively.
  • The Central Block and Sinaloa Graben areas contributed approximately 76% and 24%, respectively, of the total production during the quarter. The Company continued advancing underground development for stope preparation and ventilation within the Perez vein to be ready for initial production in August.
  • A total of 11 drill rigs, consisting of one surface rig and 10 underground rigs, were active during the quarter.

At the Jerritt Canyon Gold Mine:

  • During the quarter, Jerritt Canyon produced 18,632 ounces of gold, representing a 10% decrease compared to the prior quarter. The decrease was primarily due to a major failure in the oxygen plant to produce liquid oxygen which significantly reduced roasting capacity over a two-week period in May.
  • The mill processed a total of 213,647 tonnes of ore with an average gold grade and recovery of 3.40 g/t and 80%, respectively. The SSX and Smith mines contributed approximately 58% and 42%, respectively, of the total production in the quarter. The processing of lower ore grade from SSX continued during the quarter which resulted in lower than budgeted ore grades processed in the plant. The Company expects gold grades from the SSX mine will improve in the second half of 2022 as higher-grade ore pods are developed into and extracted following recent successful exploration activities.
  • The Company completed rehabilitation efforts in the West Generator underground mine and successfully began initial mine production at the end of the second quarter. This new ore feed, along with the restart of the Saval II underground mine in October and operational improvements at the SSX mine, are anticipated to increase the average head grade and nearly double the amount of fresh ore feed to the plant. In addition, these improvements are expected to significantly reduce all-in sustaining costs in the third and fourth quarter of 2022.
  • A total of 11 drill rigs, consisting of one surface rig and 10 underground rigs, were active during the quarter.

At the Santa Elena Silver/Gold Mine:

  • Santa Elena produced a new quarterly record of 2,241,763 AgEq consisting of 384,953 ounces of silver and 22,309 ounces of gold during the quarter, representing a 14% increase in both silver and gold production when compared to the prior quarter. The increase in production was primarily due to processing higher volumes of Ermitaño's ore which contains higher gold grades than Santa Elena's ore.
  • Santa Elena and Ermitaño contributed approximately 44% and 56%, respectively, of the ore tonnes processed during the quarter. The mill processed a total of 228,487 tonnes of ore consisting of 100,346 tonnes from Santa Elena and 128,141 tonnes from Ermitaño.
  • Silver and gold grades from Santa Elena averaged 95 g/t and 1.20 g/t, respectively, while silver and gold grades from Ermitaño averaged 45 g/t and 4.86 g/t, respectively.
  • Consolidated silver and gold recoveries averaged 78% and 93%, respectively, during the quarter. The Company continues to advance the dual-circuit project at the Santa Elena processing plant which was approximately 82% complete at quarter end. An additional leaching tank and a fourth CCD thickener were installed in the quarter and are anticipated to be commissioned in the third quarter followed by the commissioning of the new tailings filter-press in September. The new dual-circuit is expected to be fully operational by the end of the fourth quarter allowing for improved recoveries and increased plant capacity.
  • During the quarter, the Company advanced the construction of the LNG powerplant expansion and powerline to provide low-cost, clean power to the Ermitaño mine and to support the power requirements for the dual-circuit installations. At the powerplant, the structural steel erection inside the powerhouse was completed and the installation of the ventilation fans and overhead crane will be completed in July. The construction of the transmission line to join Ermitaño to Santa Elena also advanced with the installation of the electrical poles and approximately 70% of the cable lines. The powerline is on track for completion in late July and remains on schedule to be connected to the Santa Elena powerplant in the third quarter. The Company plans to install and commission four additional LNG generators (for a total of 11 LNG generators) by the end of the third quarter and to be fully operational by the end of the fourth quarter.
  • A total of six drill rigs, consisting of four surface rigs and two underground rigs, were active during the quarter.

At the La Encantada Silver Mine:

  • During the quarter, La Encantada produced 863,510 ounces of silver, representing a 34% increase compared to the prior quarter. The increase was primarily due to a 30% increase in silver grades.
  • The mill processed a total of 264,555 tonnes of ore with an average silver grade and recovery of 141 g/t and 72%, respectively. The increase in grades were the result of additional ore feed being sourced from the new draw points in the Cuerpo 660 and La Prieta areas. The Company continued development activities in the Ojuelas and Beca-Zone orebodies in an effort to further increase silver grades in the second half of 2022.
  • Two drill rigs, consisting of one surface rig and one underground rig, were active on the property during the quarter.

OUTLOOK

The Company is revising its second half and full year 2022 guidance to reflect changes due to increased production from the Ermitaño mine and improved milling efficiencies at Santa Elena, improved production tonnages and grades at Jerritt Canyon as well as incorporating changes to metal price assumptions and production impacts from the first half of 2022. Details of the changes and their expected impacts are presented below:

  1. Increased production at Santa Elena to between 8.7 to 9.2 million AgEq ounces in 2022 following higher mine production from the Ermitaño mine along with expected higher-grade ore from the Alejandra de Bajo and America veins at the Santa Elena mine.

  2. Completion of Santa Elena's dual-circuit project which is expected to improve metallurgical recoveries of Ermitaño ores and to allow higher plant throughput capacity.

  3. Improving dilution controls at San Dimas and prioritizing long-hole stoping of the Jessica and Regina veins which is anticipated to improve ore grade and overall production.

  4. At Jerritt Canyon, the Company has accelerated the restart of the West Generator and Saval II mines which are expected to contribute higher tonnages, improved grades and reduced AISC in the second half of 2022. AISC in the second half of 2022 is now projected to be within a range of $1,739 to $1,861 per ounce and improving further into 2023 due to anticipated increased throughputs.

  5. At La Encantada, mining is expected to begin at the Ojeulas and Beca-Zone orebodies in the second half of 2022 aimed at increasing ore tonnage and silver grades.

  6. Reduced silver price assumptions in the second half of 2022 to $20.50/oz (previously $22.50/oz) but maintained gold price assumptions at $1,750/oz, resulting in a 85:1 silver to gold ratio.

As a result of these adjustments, our 2022 total production remains relatively unchanged at 32.5 to 34.6 million AgEq ounces compared to the prior guidance of 32.2 to 35.8 million AgEq ounces.

The Company is also providing guidance below on a mine-by-mine basis for the second half of 2022.

GUIDANCE FOR SECOND HALF 2022

  Silver Oz (M) Gold Oz (K) Silver Eqv Oz (M) Cash Cost AISC
 
Silver:       ($ per AgEq oz) ($ per AgEq oz)
San Dimas, Mexico 3.5 - 3.9 37 - 42 6.6 - 7.4 8.58 - 9.11 12.11 - 13.05
Santa Elena, Mexico 0.9 - 1.0 44 - 49 4.6 - 5.1 10.37 - 11.03 12.00 - 12.86
La Encantada, Mexico 1.5 - 1.6 - 1.5 - 1.6 15.21 - 16.15 19.35 - 20.76
Mexico Consolidated: 5.8 - 6.5 81 - 90 12.7 - 14.2 9.99 - 10.62 12.91 - 13.87
                      
Gold:       ($ per AuEq oz) ($ per AuEq oz)
Jerritt Canyon, USA - 57 - 64 4.9 - 5.4 1,498 - 1,592 1,739 - 1,861
Total Production       ($ per AgEq oz) ($ per AgEq oz)
Consolidated 5.8 - 6.5 138 - 154 17.6 - 19.6 12.09 - 12.85 16.09 - 17.27

 

* Certain amounts shown may not add exactly to the total amount due to rounding differences.

* Consolidated AISC includes general and administrative cost estimates and non-cash costs of $1.30 to $1.41 per AgEq ounce.

* Cash Costs and AISC are non‐GAAP measures and are not standardized financial measures under the Company's financial reporting framework. These measures have been calculated on a basis consistent with historical periods. See "Non-GAAP Financial Measures" below.

In the first half of 2022, the Company produced a total of 14.9 million AgEq ounces consisting of 5.4 million ounces of silver and 118,283 ounces of gold. In the second half of 2022, the Company expects to produce 17.6 to 19.6 million AgEq ounces, or a 25% increase compared the first half of 2022. Silver production is expected to range between 5.8 to 6.5 million ounces, or a 14% increase compared the first half of the year. Additionally, gold production is now expected to range between 138,000 to 154,000 ounces, or a 23% increase compared to the first half of 2022. The increases in production are primarily due to expected higher ore production from the Ermitaño mine at Santa Elena and improved mine production and gold grades at Jerritt Canyon in the second half of 2022, as well as a higher contribution of AgEq credits due to an increase in the gold to silver ratio.

Cash costs in the second half of 2022 are expected to trend lower to within the range of $12.09 to $12.85 per AgEq ounce, primarily due to higher gold production at both Santa Elena and Jerritt Canyon. In addition, AISC are expected to be within a range of $16.09 to $17.27 per AgEq ounce in the second half of 2022.

A mine-by-mine breakdown of the revised full year 2022 production guidance is included in the table below and assumes the prices for calculating AgEq ounces are the same as previously stated above.

GUIDANCE FOR FULL YEAR 2022

  Silver Oz (M) Gold Oz (k) Silver Eqv Oz (M) Cash Cost AISC
 
Silver:       ($ per AgEq oz) ($ per AgEq oz)
San Dimas, Mexico 6.6 - 7.0 74 - 79 12.8 - 13.6 9.16 - 9.47 12.46 - 12.98
Santa Elena, Mexico 1.6 - 1.7 85 - 90 8.7 - 9.2 11.33 - 11.74 13.50 - 14.05
La Encantada, Mexico 3.0 - 3.2 - 3.0 - 3.2 15.10 - 15.56 18.51 - 19.16
Mexico Consolidated: 11.2 - 11.9 160 - 169 24.5 - 26.0 10.66 - 11.02 15.17 - 15.79
               
Gold:       ($ per AuEq oz) ($ per AuEq oz)
Jerritt Canyon, USA - 96 - 103 8.0 - 8.6 1,744 - 1,817 2,012 - 2,103
Total Production       ($ per AgEq oz) ($ per AgEq oz)
Consolidated 11.2 - 11.9 256 - 273 32.5 - 34.6 13.21 - 13.69 17.68 - 18.42

 

* Certain amounts shown may not add exactly to the total amount due to rounding differences.

* Consolidated AISC includes general and administrative cost estimates and non-cash costs of $1.44 to $1.52 per AgEq ounce.

* Cash Costs and AISC are non‐GAAP measures and are not standardized financial measures under the Company's financial reporting framework. These measures have been calculated on a basis consistent with historical periods. See "Non-GAAP Financial Measures" below.

For the full year of 2022, the Company now estimates silver production will range between 11.2 to 11.9 million ounces compared to the prior guidance of 12.2 to 13.5 million ounces. Additionally, gold production is estimated to range between 256,000 to 273,000 ounces compared to the prior guidance of 258,000 to 288,000 ounces.

Annual cash costs are now expected to be within the range of $13.21 to $13.69 per ounce or slightly higher than the previous guidance of $12.20 to $12.94 per ounce, primarily due to inflationary pressures and higher costs at Jerritt Canyon in the first half of 2022. In addition, annual AISC are expected to be within a range of $17.68 to $18.42 per AgEq ounce compared to the previous guidance of $16.79 to $18.06 per AgEq ounce.

REVISED CAPITAL BUDGET

In an effort to maintain its strong balance sheet and manage inflationary pressures, the Company has updated its annual 2022 capital budget to include the reallocation of development and exploration expenditures across its operations and investments in innovative projects. As a result, the Company has reduced its planned 2022 capital investments by 4% to $199.5 million consisting of $83.9 million of sustaining investments and $115.6 million of expansionary investments.

The revised 2022 annual budget includes total capital investments of $90.0 million on underground development, $44.5 million towards property, plant and equipment, $36.5 million on exploration and $28.5 million towards efficiency and corporate projects.

Revised 2022 Capital Budget ($millions) Sustaining Expansionary Total
Underground Development 55.1 34.9 90.0
Exploration 3.0 33.5 36.5
Property, Plant and Equipment 23.2 21.3 44.5
Corporate Projects 2.6 25.9 28.5
Total $83.9 $115.6 $199.5

 

*Certain amounts shown may not add exactly to the total amount due to rounding differences.

Under the revised 2022 budget, the Company is planning to complete a total of approximately 45,900 metres of underground development, representing a 15% decrease compared to the original guidance. In addition, the Company is now planning to complete a total of approximately 240,450 metres of exploration drilling in 2022, representing a 25% decrease compared to the original guidance. In the first half of 2022, the Company completed 23,553 metres of underground development and 151,668 metres of exploration drilling.

CONFERENCE CALL

The Company will be holding a conference call and webcast tomorrow, July 21, 2022 at 8 am PDT (11 am EDT) to discuss the quarterly results.

To participate in the conference call, please dial the following:

   Toll Free Canada & USA:  1-800-319-4610
   Outside of Canada & USA:  1-604-638-5340
   Toll Free Germany:  0800 180 1954
   Toll Free UK:  0808 101 2791

 

Participants should dial in 10 minutes prior to the conference.

Click on WEBCAST on the First Majestic homepage as a simultaneous audio webcast of the conference call will be posted at www.firstmajestic.com.

The conference call will be recorded, and you can listen to an archive of the conference by calling:

   Canada & USA Toll Free:  1-800-319-6413
   Outside Canada & USA:   1-604-638-9010
   Access Code:   9180 followed by the # sign

 

The replay will be available approximately one hour after the conference and will be available for seven days following the conference. The replay will also be available on the Company's website for one month.

Q2 EARNINGS AND DIVIDEND ANNOUNCEMENT

The Company is planning to release its second quarter 2022 unaudited financial results, and to announce the second quarter dividend payment, along with the shareholder record and payable dates on Thursday, August 4, 2022.

ABOUT THE COMPANY

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 the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.

First Majestic is proud to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at its Bullion Store at some of the lowest possible premiums.

FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer, President & CEO

Non-GAAP Financial Measures

This press release includes reference to certain financial measures which are not standardized measures under the Company's financial reporting framework. These measures include all-in sustaining costs (or "AISC") and cash costs. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. These measures are widely used in the mining industry as a benchmark for performance but do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures disclosed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For a complete description of how the Company calculates such measures and a reconciliation of certain measures to GAAP terms please see "Non-GAAP Measures" in the Company's most recent management discussion and analysis filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov and which is incorporated by reference herein.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes; commercial mining operations; cash flow; budgets; the timing and amount of estimated future production; throughput capacity; ore feed and grades; recovery rates; mine plans and mine life; integration of operations; future sales; the future price of silver and other metals; sustaining and cash costs; costs and timing of development at the Company's projects; capital projects and exploration activities and the possible results thereof; and payment of dividends. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon guidance and forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward‐looking statements. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward‐looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements".

Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: the duration and effects of the coronavirus and COVID-19, and any other pandemics on our operations and workforce, and the effects on global economies and society; general economic conditions including inflation risks related to the integration of acquisitions; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in the Company's most recent Annual Information Form, available on www.sedar.com, and Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131432

November 28, 2022
First Majestic Announces the Proposed Sale of Its Royalty Portfolio for US$20.0 Million
November 9, 2022
First Majestic Reports Third Quarter Financial Results and Quarterly Dividend Payment
November 1, 2022
First Majestic Reports Continued Exploration Success Intersecting 19.97 g/t Au over 20.9m Near Active Underground Mining at Jerritt Canyon
October 18, 2022
First Majestic Produces a New Record of 8.8 Million AgEq Ounces in the Third Quarter Consisting of 2.7 Million Silver Ounces and 67,072 Gold Ounces
August 23, 2022
First Majestic Intersects 19.35 g/t Au over 23.2m in Potential New High-Grade Gold Zone at Jerritt Canyon; Follow-up Drilling Confirms Presence of High-Grade Gold Pod near Active Underground Mining in Smith Mine
August 8, 2022
First Majestic Releases 2021 Sustainability Report
August 4, 2022
First Majestic Reports Second Quarter Financial Results and Quarterly Dividend Payment
July 20, 2022
First Majestic Silver Corp. Announces At-The-Market Offering Equity Program
July 20, 2022
First Majestic Produces 7.7M Silver Eqv. Oz in the Second Quarter Consisting of 2.8M Oz Silver and 59,391 Oz Gold; Announces Updated 2022 Guidance and Conference Call Details
May 31, 2022
First Majestic Intersects 8.39 g/t Au over 29.7m near Active Underground Mining at Jerritt Canyon
May 27, 2022
First Majestic Announces Voting Results from Annual General & Special Meeting
May 25, 2022
First Majestic Announces Proposed Sale of the La Guitarra Silver Mine
May 12, 2022
First Majestic Reports First Quarter Financial Results and Quarterly Dividend Payment
April 18, 2022
First Majestic Produces 7.2M Silver Eqv. Oz in the First Quarter Consisting of 2.6M Oz Silver and 58,892 Oz Gold
March 31, 2022
First Majestic Announces 2021 Mineral Reserve and Resource Estimates
March 17, 2022
First Majestic Renews Share Repurchase Program
March 10, 2022
First Majestic Announces Financial Results for Q4 2021, FY2021 & Quarterly Dividend Payment; Appoints New CFO
January 18, 2022
First Majestic Produces New Quarterly Record of 8.6M Silver Eqv. Oz in Q4 2021 and Achieves FY2021 Guidance with New Annual Production Record of 26.9M Silver Eqv. Oz; Announces 2022 Guidance and Today's Conference Call Details; Appoints Interim CFO
December 2, 2021
First Majestic Completes US$230 Million Convertible Senior Notes Offering
November 30, 2021
First Majestic Prices Offering of Convertible Senior Notes
November 29, 2021
First Majestic Launches Offering of Convertible Senior Notes
November 24, 2021
First Majestic Files Updated Technical Report for the Santa Elena Silver/Gold Mine in Sonora, Mexico Including a Positive Pre-Feasibility Study for the Ermitaño Project; Appoints Vice-President of Exploration
November 4, 2021
First Majestic Reports Third Quarter Financial Results and Quarterly Dividend Payment
October 12, 2021
First Majestic Produces a Record 7.3m Silver Eqv. Oz in the Third Quarter Consisting of 3.3m Oz Silver and 54,525 Oz Gold; Suspended Silver Sales and Held 1.4m Oz of Silver in Inventory at Quarter End
August 16, 2021
First Majestic Reports Second Quarter Financial Results and Quarterly Dividend Payment
July 13, 2021
First Majestic Produces 3.3M Oz Silver and 46,545 Oz Gold (6.4M Silver Eqv. Oz) in the Second Quarter of 2021 - Announces Updated 2021 Guidance, New Board Appointment and Conference Call Details
May 28, 2021
First Majestic Announces Voting Results from Annual General Meeting and Management Update
May 6, 2021
First Majestic Reports First Quarter Financial Results, Inaugural Dividend Payment, and Appointment of VP Operations
April 30, 2021
First Majestic Completes Acquisition of Jerritt Canyon Mine in Nevada, USA and Private Placement with Eric Sprott
April 14, 2021
First Majestic Produces 2.9M Oz Silver and 23,873 Oz Gold (4.5M Silver Eqv. Oz) in the First Quarter of 2021
March 31, 2021
First Majestic Files Updated Technical Reports, 2020 Mineral Reserve and Mineral Resource Estimates & Appoints New Director
March 30, 2021
First Majestic Updates ESG Sustainability Activities Aimed at Helping Local Communities and Improving the Environment
March 18, 2021
First Majestic Renews Share Repurchase Program
March 12, 2021
First Majestic Announces Acquisition of Jerritt Canyon Mine in Nevada, USA
March 10, 2021
First Majestic Responds to Inaccurate Media Reports and Provides Update on Tax Dispute with the Government of Mexico
March 5, 2021
First Majestic Awarded as Socially Responsible Business in Mexico
March 2, 2021
First Majestic Initiates International Arbitration Request under NAFTA against the Government of Mexico
February 18, 2021
First Majestic Announces Financial Results for Q4 2020, FY2020 and Appointment of New Director
January 28, 2021
First Majestic Responds to Market Activity
January 20, 2021
First Majestic Produces 5.5M Silver Eqv. Oz in Q4 2020 (3.5M Silver Oz and 26K Gold Oz); Provides 2021 Outlook and Conference Call Details
December 7, 2020
First Majestic Announces Inaugural Dividend Policy
November 12, 2020
First Majestic to Appeal Circuit Court Decision to Nullify APA
November 5, 2020
First Majestic Reports Third Quarter Financial Results – Generates Record Revenues, Cash Flows and Earnings
October 13, 2020
First Majestic Produces 3.2M Oz Silver and 25,771 Oz Gold (5.2M Silver Eqv. Oz) in the Third Quarter
September 25, 2020
First Majestic Provides SAT Tax Dispute Update
September 21, 2020
First Majestic Announces Filing of Early Warning Report for Acquisition of Shares of Silver Dollar Resources Inc.
September 17, 2020
First Majestic Announces Closing of CDN$78 Million Bought Deal Investment by Billionaire Eric Sprott
September 10, 2020
First Majestic Announces CDN$78 Million Bought Deal Investment by Billionaire Eric Sprott
September 1, 2020
First Majestic Publishes ESG and Sustainability Report
August 6, 2020
First Majestic Reports Second Quarter Financial Results
July 15, 2020
First Majestic Produces 3.5 Million Silver Equivalent Ounces from Partial Operations in Second Quarter; Updates 2020 Guidance & Announces Conference Call Details
July 2, 2020
First Majestic Completes Acquisition of Springpole Silver Stream
June 11, 2020
First Majestic Acquires Silver Stream on First Mining’s Springpole Project
June 10, 2020
First Majestic Announces Voting Results from Annual General Meeting and Appointment of New Director
May 14, 2020
First Majestic Reports First Quarter Financial Results; Temporarily Postpones the Sale of Silver and Gold Due to COVID-19; Announces Operational Restart Procedures
May 13, 2020
First Majestic Initiates NAFTA Arbitration Process Against Mexico for Violating International Law
April 14, 2020
First Majestic Produces 6.2 Million Silver Equivalent Ounces in First Quarter
April 3, 2020
First Majestic Provides Update on Operations in Response to COVID-19
March 30, 2020
First Majestic Updates 2019 Mineral Reserve and Resource Estimates
March 27, 2020
First Majestic Acquires Shares in GR Silver - Early Warning
March 18, 2020
First Majestic Renews Share Repurchase Program
February 24, 2020
First Majestic Announces High-Grade Drill Results from its 2019 Exploration Program at the Ermitaño project within the Santa Elena land package
February 19, 2020
First Majestic Announces Financial Results for Q4 and Year End 2019
February 3, 2020
First Majestic Announces New Chief Operating Officer
January 21, 2020
First Majestic Announces 2020 Production and Cost Guidance
January 15, 2020
First Majestic Produces 6.2M Ounces in Q4 and Record 25.6M Ounces in 2019; Announces New Director & Conference Call Details
November 7, 2019
First Majestic Reports Third Quarter Financial Results
October 15, 2019
First Majestic Produces 6.6 Million Silver Equivalent Ounces in Third Quarter
August 7, 2019
First Majestic Reports Second Quarter Financial Results and Updates 2019 Production and Cost Guidance
July 15, 2019
First Majestic Produces 6.4 Million Silver Equivalent Ounces in Second Quarter; Provides Conference Call Details
May 24, 2019
First Majestic Announces Voting Results from Annual General Meeting and Management Changes
May 9, 2019
First Majestic Reports First Quarter Financial Results
May 1, 2019
First Majestic First Quarter Financial Results to be Released on May 9
April 16, 2019
First Majestic Produces 6.3 Million Silver Equivalent Ounces in First Quarter
March 29, 2019
First Majestic Updates 2018 Mineral Reserve and Resource Estimates
March 19, 2019
First Majestic Renews Share Repurchase Program
February 25, 2019
First Majestic Announces High-Grade Drill Results from 2018 Exploration Program at the Ermitaño Silver/Gold Project; Permitting Status Update
February 25, 2019
First Majestic Announces Financial Results for Q4 and Year End 2018
January 14, 2019
First Majestic Produces a Record 22.2M Silver Eqv. Oz in 2018; Announces Higher 2019 Production Outlook & Conference Call Details
December 27, 2018
First Majestic Silver Corp. Announces At-The-Market Offering Equity Program
November 7, 2018
First Majestic Reports Third Quarter Financial Results
November 6, 2018
First Majestic Announces Updated Release Date for Third Quarter Financial Results
October 15, 2018
First Majestic Files Preliminary Base Shelf Prospectus
October 15, 2018
First Majestic Produces a Record 6.7 Million Silver Equivalent Ounces in Third Quarter
September 10, 2018
First Majestic and Evrim Resources Agree to Exercise of Ermitaño and Cumobabi Option Agreements
August 13, 2018
First Majestic Reports Second Quarter Financial Results
July 16, 2018
First Majestic Produces a Record 5.1M Silver Equivalent Ounces in Second Quarter; Increases 2018 Production Guidance to 20.5M - 22.6M Silver Equivalent Ounces
May 25, 2018
First Majestic Announces Voting Results from Annual General Meeting
May 10, 2018
First Majestic Announces New Stream Agreement at San Dimas Mine and New Credit Facility
May 10, 2018
First Majestic Completes Acquisition of Primero
May 9, 2018
First Majestic Announces Amendments to Advance Notice Policy
May 9, 2018
First Majestic Reports First Quarter Financial Results
May 9, 2018
Primero Announces Receipt of Mexican Antitrust Clearance for Arrangement With First Majestic and Files First Quarter Financial Statements on SEDAR
April 19, 2018
First Majestic Produces 3.9M Silver Eqv. Oz in First Quarter
March 29, 2018
First Majestic Updates Mineral Reserve and Resource Estimates for 2017 and Files Form 40-F Annual Report
March 19, 2018
First Majestic Renews Share Repurchase Program
March 13, 2018
Primero Announces Shareholders Vote In Favour Of Transaction With First Majestic
February 28, 2018
First Majestic Announces Financial Results for Q4 and Year End 2017
February 15, 2018
First Majestic announces Exercise and Closing of Over-Allotment Option
January 29, 2018
First Majestic Completes US$150 Million Convertible Senior Notes Offering
January 25, 2018
First Majestic Prices Offering of Convertible Senior Notes
January 24, 2018
First Majestic Launches Offering of Convertible Senior Notes
January 16, 2018
First Majestic Produces 16.2M Silver Eqv. Oz in 2017 (4.1M Silver Eqv. Oz in Q4); Announces 2018 Production Outlook and Cost Guidance
January 12, 2018
First Majestic Silver Announces Friendly Acquisition of Primero Mining and Restructured Stream with Wheaton Precious Metals
January 9, 2018
First Majestic Provides Review of 2017 Exploration Program and Plans for 2018
December 20, 2017
First Majestic files updated NI 43-101 technical reports on its Del Toro, La Parrilla and San Martin Silver Mines
November 2, 2017
First Majestic Reports Third Quarter Financial Results
October 17, 2017
First Majestic Produces 4.0M Silver Eqv. Oz in Third Quarter
October 3, 2017
First Majestic Reports Accident at La Encantada
August 3, 2017
First Majestic Reports Second Quarter Financial Results
July 11, 2017
First Majestic Produces 3.9M Silver Eqv. Oz in Second Quarter
June 2, 2017
First Majestic to Resume Operations at La Encantada
May 26, 2017
First Majestic Announces Voting Results from Annual General Meeting
May 24, 2017
First Majestic Announce illegal Blockade at La Encantada
May 4, 2017
First Majestic Reports First Quarter Financial Results
April 20, 2017
First Majestic Produces 4.3M Silver Eqv. Oz in First Quarter
March 31, 2017
First Majestic Updates Mineral Reserve and Resource Estimates for YE2016 and Files Form 40-F Annual Report
March 16, 2017
First Majestic Renews Share Repurchase Program
February 28, 2017
First Majestic Appoints New COO and New Member to Board of Directors
February 22, 2017
First Majestic Announces Financial Results for Q4 and Year End 2016
January 17, 2017
First Majestic Produces a Record 18.7M Silver Eqv. Oz in 2016 (4.4M Silver Eqv. Oz in Q4); Announces 2017 Production Outlook and Cost Guidance
November 9, 2016
First Majestic Reports Third Quarter Financial Results
October 27, 2016
Third Quarter Financial Results to be Released on November 9
October 13, 2016
First Majestic Achieves New Record in Silver Production; Produces 4.5 Million Silver Eqv. Ounces in Third Quarter
September 15, 2016
First Majestic Announces Resignation of Ramon Davila From Board of Directors
August 10, 2016
First Majestic Reports Second Quarter Financial Results
July 25, 2016
First Majestic Silver Corp.: Second Quarter Financial Results to be Released on August 10
July 12, 2016
First Majestic Produces 4.7 Million Silver Eqv. Ounces in Second Quarter
May 27, 2016
First Majestic Announces Election of Directors
May 16, 2016
First Majestic Silver Corp. Changes Annual General Meeting Time
May 12, 2016
First Majestic Silver Corp. Announces Closing of C$50 Million Bought Deal Financing; Over-Allotment Option Fully Exercised
May 10, 2016
First Majestic Reports First Quarter Financial Results
May 5, 2016
First Majestic Revises Date of First Quarter Financial Results to May 10
April 25, 2016
First Majestic Silver Corp.: First Quarter Financial Results to be Released on May 11
April 22, 2016
First Majestic Silver Corp. Announces C$50 Million Bought Deal Financing
April 14, 2016
First Majestic Produces a Record 5.1 Million Silver Eqv. Ounces in First Quarter
March 31, 2016
First Majestic Updates Mineral Reserve and Resource Estimates for Year End 2015 and Files Form 40-F Annual Report
March 28, 2016
First Majestic Silver Corp. Announces Updated La Encantada NI 43-101 Technical Report
March 14, 2016
First Majestic Renews Share Repurchase Program
February 25, 2016
First Majestic Announces Financial Results for Q4 and Year End 2015
February 11, 2016
Fourth Quarter and Year End Financial Results to Be Released on February 25, 2016
February 11, 2016
First Majestic Secures $60 Million Credit Facility
January 19, 2016
First Majestic Produces 16.1M Silver Eqv. Oz in 2015 (4.8M Silver Eqv. Oz in Q4); Announces 2016 Production Outlook and Cost Guidance
November 16, 2015
First Majestic Reports Third Quarter Financial Results
October 14, 2015
First Majestic Produces 3.6 Million Silver Eqv. Ounces in Q3'15
October 1, 2015
First Majestic Completes Acquisition of SilverCrest
September 25, 2015
First Majestic and Silvercrest Announce Shareholder Approval of Plan of Arrangement
September 15, 2015
Leading Independent Advisory Firms ISS and Glass Lewis Recommend that SilverCrest and First Majestic Shareholders Vote FOR the Plan of Arrangement
August 27, 2015
First Majestic and SilverCrest Announce Receipt of Interim Order and Mailing of Meeting Materials
August 11, 2015
First Majestic Reports Second Quarter Financial Results and La Encantada Operational Update
July 30, 2015
First Majestic Silver: Second Quarter Financial Results to Be Released on August 11
July 27, 2015
First Majestic Announces Friendly Acquisition of SilverCrest Mines
July 9, 2015
First Majestic Produces 3.8 Million Silver Eqv. Ounces in Q2'15
May 22, 2015
First Majestic Announces Election of Directors
May 7, 2015
First Majestic Reports First Quarter Financial Results
April 23, 2015
First Quarter Financial Results to be Released on May 7
April 22, 2015
First Majestic Silver Corp. Announces Closing of C$30 Million Bought Deal Financing
April 13, 2015
First Majestic Produces 3.9 Million Silver Eqv. Ounces in Q1'15
April 13, 2015
First Majestic Produces 3.9 Million Silver Eqv. Ounces in Q1'15
April 6, 2015
First Majestic Announces Acquisition of Shares of First Mining Corp.
April 6, 2015
First Majestic Announces Promotion of Martin Palacios to Chief Transformation Officer
April 5, 2015
First Majestic Silver Corp. Announces C$30 Million Bought Deal Financing
March 31, 2015
Announces New La Guitarra NI 43-101 Technical Report
March 11, 2015
First Majestic Renews Share Repurchase Program
February 23, 2015
First Majestic Announces Financial Results for Q4 and Year End 2014
February 2, 2015
Fourth Quarter and Year End Financial Results to be Released on February 23, 2015
January 13, 2015
First Majestic Produces a Record 4.2M Silver Eqv. Oz in Q4 and Annual Record of 15.3M Silver Eqv. Oz in 2014; Announces 2015 Production Outlook and Cost Guidance
December 1, 2014
Supreme Court of Canada Dismisses Appeal Application by Hector Davila Santos
November 12, 2014
First Majestic Reports Third Quarter Financial Results
November 6, 2014
Conference Call Scheduled on November 12, 2014
October 31, 2014
Third Quarter Financial Results to be Released on November 12, 2014
October 14, 2014
Produces 3.5 Million Silver Eqv. Ounces in Q3; Postpones the Sale of 934K Silver Ounces of Inventory
August 22, 2014
First Majestic to List on the Mexican Stock Exchange
August 13, 2014
First Majestic Reports Second Quarter Financial Results
July 21, 2014
Second Quarter Financial Results to be Released on August 13, 2014
July 14, 2014
New Record of 3.86 million Silver Eqv. Ounces Produced in Q2; Announces Spin-out of Non-Core Exploration Properties
June 9, 2014
First Majestic Wins Application to Dismiss Appeal
May 29, 2014
First Majestic Announces Election of Directors
May 13, 2014
First Majestic Reports First Quarter Financial Results
May 1, 2014
First Quarter Financial Results to be Released on May 13
April 15, 2014
First Majestic Announces US$30M Forward Sale Contract on Lead Production
April 8, 2014
First Majestic's Q1 Production Reaches New Record of 3.63 million Silver Equivalent Ounces
April 4, 2014
First Majestic Appoints VP of Technical Services
March 27, 2014
First Majestic Updates Reserves and Resource Estimates and Files Form 40-F Annual Report
March 10, 2014
First Majestic Announces Extension of Share Repurchase Program
March 3, 2014
First Majestic Announces Changes to Operations and Geological Teams
February 26, 2014
First Majestic Announces Financial Results for Q4 and Year End 2013
February 3, 2014
Fourth Quarter and Year End Financial Results to be Released on February 26, 2014
January 14, 2014
First Majestic becomes a Senior Silver Producer; Produces 10.64M Ounces of Silver in 2013; Projects 12.70M to 13.35M Ounces of Silver in 2014
December 23, 2013
First Majestic Announces Retirement of Robert Young from Board of Directors
December 4, 2013
Silver Doré Production Commences at the Del Toro Silver Mine
November 12, 2013
First Majestic Reports Third Quarter Financial Results
October 30, 2013
Third Quarter Financial Results to be Released on November 12th
October 24, 2013
Appeal Against First Majestic Dismissed
October 16, 2013
First Majestic Produces a New Record of 3.37 million Silver Equivalent Ounces
September 30, 2013
First Majestic Applies to Dismiss Appeal of Positive Judgment for US$93.84 million
August 13, 2013
First Majestic Reports Second Quarter Financial Results
July 15, 2013
Second Quarter Financial Results to be Released on August 13th
July 10, 2013
First Majestic Produces a New Quarterly Record of 3.27 Million Silver Eqv. Ounces
July 2, 2013
Payment of CDN$14.85 million Received in Court Litigation
May 28, 2013
Updated San Martin NI 43-101 Technical Report and Economic Assessment
May 24, 2013
First Majestic Announces Election of Directors
May 15, 2013
First Majestic Reports First Quarter Earnings of $26.5 million on Revenues of $67.1 million
May 7, 2013
First Quarter Financial Results to be Released on May 15th
May 2, 2013
First Majestic Announces Completion of La Guitarra's Expansion to 500 tpd
April 26, 2013
First Majestic Receives Positive Judgment for US$89.6 in Court Litigation
April 17, 2013
First Majestic Earns Socially Responsible Business Distinction Award for Fifth Consecutive Year
April 15, 2013
First Majestic Produces Another Quarterly Record 2.73 Million Silver Eqv. Ounces
April 9, 2013
First Majestic Silver: Del Toro Silver Mine Flotation Circuit Deemed Commercial
March 28, 2013
First Majestic Files Form 40-F Annual Report
March 11, 2013
First Majestic Announces Share Repurchase Program
February 26, 2013
First Majestic Announces Financial Results for Q4 and Year End 2012
February 20, 2013
First Majestic Silver to Announce Fourth Quarter and Year End 2012 Financial Results
February 19, 2013
First Majestic Elects Not to Exercise Right to Match Coeur's Offer for Orko
February 14, 2013
First Majestic Considering Superior Offer from Coeur to Acquire Orko Silver
January 25, 2013
First Majestic Silver Corp.: Production Commences at the Del Toro Silver Mine
January 9, 2013
First Majestic Silver Corp.: Achieved Record Production of 2.6M Silver Eqv. Ounces (2.3M Silver Ounces) in Q4; Produced a Record 9.1M Silver Eqv. Ounces (8.3M Silver Ounces) in 2012
January 2, 2013
First Majestic Appoints VP of Operations
December 19, 2012
First Majestic Announces US$50M Forward Sale Contract on Base Metals
December 16, 2012
First Majestic Announces Friendly Acquisition of Orko Silver
November 14, 2012
First Majestic Earns $24.9M in Third Quarter; Revenues of $63.6M, an Increase of 4%
November 7, 2012
First Majestic Silver Corp.: Third Quarter Financial Results to Be Released on November 14th
October 10, 2012
First Majestic Produces a Record 2.44 Million Silver Equivalent Ounces in Third Quarter
August 27, 2012
First Majestic Announces Appointment of VP of Exploration
August 21, 2012
First Majestic Silver Corp.: Updated Del Toro NI 43-101 Technical Report & Final Permit Received
August 16, 2012
First Majestic Recognized as a Leader in Corporate Social Responsibility
August 14, 2012
First Majestic Reports Second Quarter Financial Results
August 7, 2012
First Majestic Silver Corp.: Second Quarter Financial Results to be Released on August 14th
July 17, 2012
First Majestic Produces 2.1 Million Silver Equivalent Ounces in Second Quarter
July 3, 2012
First Majestic Completes Acquisition of Silvermex Resources
June 26, 2012
Silvermex Securityholders Approve Plan of Arrangement With First Majestic
May 22, 2012
First Majestic Silver Corp.: Del Toro NI 43-101 Technical Report & Pre-Feasibility Study
May 10, 2012
First Majestic Reports Strong Earnings of $26.4M in Q1 2012, Up 10% Compared With Q1 2011; Revenues Top $57.8M, Up 5% From Q1 2011
April 16, 2012
First Majestic Silver Corp.: First Quarter Production Results and Full Commencement of Commercial Production at La Parrilla
April 3, 2012
First Majestic Announces Friendly Acquisition of Silvermex Resources
March 30, 2012
First Majestic Files Form 40-F Annual Report
March 5, 2012
First Majestic Announces New Record Earnings & Cash Flows for 2011
February 24, 2012
First Majestic Silver to Announce Fourth Quarter and Year End 2011 Financial Results
January 24, 2012
First Majestic Silver Corp.-La Parrilla Mill Expansion to 2,000 tpd Completed: Del Toro Construction Update
January 12, 2012
First Majestic Silver Corp. Achieved Record Production of 1.96M Silver Ounces (2.1M Silver Eqv. Ounces) in Q4; Produced a Record 7.6M Silver Eqv. Ounces in 2011
January 4, 2012
First Majestic Appoints Chief Information Officer
December 30, 2011
First Majestic Names Douglas Penrose as Chairman
November 9, 2011
First Majestic Silver Corp.: Earnings Hit $27.8 Million in Third Quarter
October 26, 2011
First Majestic Silver Corp.: Third Quarter Financial Results to be Released on November 9th
October 12, 2011
First Majestic Announces Q3 Production Results and Commences Commercial Production at La Parrilla
October 7, 2011
First Majestic Silver Corp.: Third Quarter Production Results to Be Released on October 12, 2011-Conference Call Scheduled
September 20, 2011
First Majestic Silver Corp.: First Stage of Expansion at the La Parrilla Processing Plant Completed
September 13, 2011
First Majestic Silver Corp.: Mill Capacity at La Parrilla to Reach 2,000 tpd Following Positive NI 43-101 Pre-Feasibility Study
August 11, 2011
First Majestic Silver Corp.: Record Earnings of $30.6 million in Second Quarter
August 3, 2011
First Majestic Silver Corp.: Second Quarter Financial Results to be Released on August 11th
July 7, 2011
First Majestic Silver Corp.: Another Record Quarter of Silver Production
May 16, 2011
First Majestic Earns a Record $23.9 Million in First Quarter of 2011
April 7, 2011
First Majestic Silver Corp.: Silver Production Up 25%; Reaches 97% Pure Silver and Maintains Status as "Purest Silver Company in the World"
March 31, 2011
First Majestic Files Form 40-F Annual Report
March 31, 2011
First Majestic Silver Corp.: Update on the Del Toro Silver Mine
February 28, 2011
First Majestic Silver Corp.: 2010 Audited Financial Results Show Record Earnings & Cash Flows; A Breakout Year for First Majestic
January 11, 2011
First Majestic Silver Corp.: Production Up 72% to 6.53 Million oz Ag in 2010; Exceeds Guidance by 9%
December 13, 2010
First Majestic to List on the New York Stock Exchange
December 6, 2010
First Majestic Silver Corp.: La Parrilla Expansion to 1,600 Tonnes Per Day
November 10, 2010
First Majestic Acquires Surface Rights, Royalties and Infrastructure at Real De Catorce Silver Project
November 9, 2010
First Majestic Silver Corp.: Another Record Quarter of Earnings and Cash Flows
October 6, 2010
First Majestic Silver Corp.: Another New Record for Silver Production; 1,823,370 oz Silver Produced in Q3
August 16, 2010
First Majestic Silver Corp.: Record Earnings and Cash Flows. Purest Silver Producer With 93% of Revenue From Silver Production
July 8, 2010
First Majestic Silver Corp.: New Record for Silver Production; Produces 1,538,798 oz Silver
May 13, 2010
First Majestic Silver Corp.: First Quarter Marks 5th Consecutive Quarter of Net Income
April 22, 2010
First Majestic Silver Corp.: 2nd Year Running for Mexican Distinction as a "Socially Responsible Business"
April 13, 2010
First Majestic Silver Corp.: Conference Call to discuss First Quarter Silver Production and Year End Financial Results
April 12, 2010
First Majestic Silver Corp.: Production Increases by 30% to 1,619,403 Equivalent Ounces Silver
April 8, 2010
First Majestic Silver Corp.: La Encantada Achieves Commercial Production
March 24, 2010
First Majestic Silver Corp.: Conference Call to Discuss First Quarter Silver Production and Year End Financial Results
March 22, 2010
First Majestic Silver Corp.: Year End & Fourth Quarter Financial Results
January 11, 2010
First Majestic Silver Corp.: Production Increases by 18%, Reaches New Record
November 26, 2009
First Majestic Silver Corp.: La Encantada Opening Ceremony & Production of First Silver Precipitates
November 13, 2009
First Majestic Completes Acquisition of Normabec Mining Resources; Normabec Spins Out Brionor Resources Inc.
November 12, 2009
First Majestic Silver Corp.: Record Third Quarter Financial Results
November 6, 2009
Normabec Shareholders Approve Plan Of Arrangement With First Majestic
October 13, 2009
First Majestic Silver Corp.: La Encantada Expansion Nearing Completion
October 6, 2009
First Majestic Silver Corp.: Third Quarter Production Results
September 18, 2009
First Majestic Silver Corp.: Settlement of Current Liabilities Closes
September 16, 2009
First Majestic Silver Corp.: Second Tranche of Non-Brokered Private Placement Closes
September 14, 2009
First Majestic to Acquire Normabec Mining Resources
August 20, 2009
First Majestic Silver Corp.: First Tranche of Non-Brokered Private Placement Closes
August 13, 2009
First Majestic Silver Joins OTCQX
August 12, 2009
First Majestic Silver Corp.: Non-Brokered Private Placement and Debt Settlement
July 20, 2009
Second Quarter Production Results
July 16, 2009
Update of Litigation
May 14, 2009
First Majestic Silver Corp.: First Quarter Financial Results
April 27, 2009
First Majestic Silver Corp.: Silver Production Increases 4% in 1st Quarter
March 31, 2009
2008 Year End Financial Results
March 23, 2009
First Majestic Receives Mexican Distinction as a "Socially Responsible Business"
March 17, 2009
First Majestic Silver Corp.: La Parrilla Receives "Clean Industry Certification"
March 5, 2009
First Majestic Silver Corp.: Closing of $21.2 Million Offering
February 26, 2009
First Majestic Silver Corp.: Resource Disclosure Clarification
February 19, 2009
First Majestic Announces Pricing of Offering
February 18, 2009
First Majestic Announces C$25 Million Offering
February 17, 2009
First Majestic Silver Corp.: La Parrilla Silver Mine Updates NI 43-101 Resource
January 20, 2009
First Majestic Silver Corp.: San Martin Updated NI 43-101 Report Increasing Reserves/Resources by 45.81%
January 13, 2009
First Majestic Silver Corp.: Production Increases 27% in 4th Quarter
December 23, 2008
First Majestic Silver Corp.: La Encantada Updated NI 43-101 Report Increasing Reserves By 183%
November 19, 2008
First Majestic Silver Corp.: Operations Update
November 14, 2008
First Majestic Silver Corp.: Third Quarter Financial Results
October 28, 2008
First Majestic Silver Corp.: Another Major Intersection at Del Toro Silver Mine, Drill Hole Cuts 62.05 Metres (203.58 ft) of 422 g/t Ag, 6.29% Pb, 6.78% Zn & 0.74 g/t Au
October 23, 2008
First Majestic Silver Corp.: 3rd Quarter Production Results
October 10, 2008
First Majestic Silver Corp.: Del Toro Silver Mine NI 43-101 Resources of 57 Million Ag eqv. Ounces
September 11, 2008
First Majestic Silver Corp.: Many Positive Developments Underway
August 15, 2008
First Majestic Silver Corp.: Second Quarter Financial Results
July 17, 2008
First Majestic Silver Corp.: Major Intersection at San Juan Silver Mine; Drill Hole Intersects 74.20 Metres (243 ft) of 359 g/t Ag, 7.07% Pb & 7.60% Zn
July 15, 2008
First Majestic Silver Corp.: 2nd Quarter Production Shows Continued Ramp-Up
June 10, 2008
First Majestic Silver Corp.: Major Expansion Launched at La Encantada Silver Mine
May 16, 2008
First Majestic Silver Corp.: Record First Quarter Financial Results
April 29, 2008
First Majestic Silver Corp.: 1st Quarter Production Results
April 22, 2008
First Majestic Silver Corp.: Commissioning of Flotation Circuit at the San Martin Silver Mine
April 17, 2008
First Majestic Silver Corp.: 2007 Year End Financial Results
April 4, 2008
First Majestic Silver Corp.: Exercise and Closing of Over-Allotment Option
April 1, 2008
First Majestic Silver Corp.: Discovery of New High Grade Ore Shoot on the Vacas Vein at the La Parrilla Silver Mine
March 25, 2008
First Majestic Silver Corp.: Closing of $45,475,000 Offering
March 5, 2008
First Majestic Silver Corp.: Drill Intersects 39.6 Metres of 199 g/t Ag, 3.92% Pb & 4.02% Zn at San Juan Silver Mine
January 30, 2008
La Parrilla Silver Mine Update and New NI 43-101 Resource
January 17, 2008
Another Record Quarter of Silver Production
January 14, 2008
Toronto Stock Exchange Listing
December 13, 2007
TSX Conditional Approval
December 3, 2007
Update on the Chalchihuites Group of Properties
November 29, 2007
Highlights from 3rd Quarter Financial Statements
November 13, 2007
Update on the Cuitaboca Silver Project
October 23, 2007
Another Record Quarter of Silver Production
August 30, 2007
Highlights from 2nd Quarter Financial Statements
July 26, 2007
Second Quarter Silver Production Increases
July 4, 2007
La Parrilla Silver Mine Update and New NI 43-101 Resource
June 18, 2007
La Encantada Silver Mine Update and new NI 43-101 Resource
May 31, 2007
Highlights from 1st Quarter Financial Statements
May 28, 2007
San Martin Silver Mine Update and new NI 43-101 Resource
May 10, 2007
Closing of $34,415,000 Private Placement
April 28, 2007
Silver Production increases by 38%
April 20, 2007
Financing Amended
March 28, 2007
First Majestic Files Preliminary Short Form Prospectus

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