First Majestic Silver Corp.
About First Majestic Silver Corp.
Overview
First Majestic Silver Corp. is a Canadian mining company and one of the purest primary silver producers in the world, focused exclusively on silver production from mines in Mexico. The company owns and operates five producing silver-gold mines in Mexico and has built a reputation for operational efficiency and cost control in the silver mining sector.
Operations
First Majestic operates five producing mines in Mexico: San Dimas, Santa Elena, La Encantada, La Parrilla, and Jerritt Canyon. The company produces approximately 24 million ounces of silver equivalent annually and has consistently delivered production growth. All operations benefit from Mexico's established mining infrastructure and skilled workforce.
Strategy
The company's strategy focuses on maximizing silver production from its Mexican asset base, maintaining low operating costs through vertical integration including its own bullion sales program, investing in exploration and development to grow reserves and resources, and leveraging its significant land position in prolific mining districts. First Majestic emphasizes its pure silver exposure as a key differentiator.
Key Projects
Key development projects include the Ermitaño deposit at Santa Elena which will extend mine life and increase production, ongoing exploration at San Dimas targeting high-grade zones, La Guitarra exploration project, and potential acquisitions to expand the portfolio. The company also operates a direct-to-consumer bullion sales program providing additional revenue streams.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- AG
- Market Cap
- Small Cap
- Category
- Silver
- Commodities
- Silver, Gold
- Headquarters
- Vancouver, Canada
- Founded
- 2002
- Employees
- ~5,800
Operating Countries
Producing Assets
- •San Dimas (Mexico)
- •Santa Elena (Mexico)
- •La Encantada (Mexico)
- •La Parrilla (Mexico)
- •Jerritt Canyon (USA)
Development Assets
- •Ermitaño (Mexico)
- •La Guitarra (Mexico)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.