First Majestic Silver

#3751

Rank

$2B

MarketCap CA

CA Canada

Country

Summary
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares. The company also holds 100% interests in the La Parrilla Silver Mine that covers an area of 69,478 hectares located in Durango; the Del Toro Silver Mine consisting of 3,815 hectares of mining concessions and 219 hectares of surface rights located in Zacatecas; the San Martin Silver Mine includes 33 mining concessions covering an area of 12,795 hectares located in Jalisco; and the La Guitarra Silver Mine that covers an area of 39,714 hectares located in Mexico. In addition, it holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,913 hectares in Ontario, Canada. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

History

First Majestic was founded in 2002 by president and CEO Keith Neumeyer.

In June 2006 First Majestic acquired First Silver Reserve Inc , owner of the San Martin silver property in central Mexico. In September 2006 it took control of Desmin, the owner/operator of La Encantada in a US$4.75 million deal . At the time La Encantada produced 800,000 ounces per year operating at 40% of capacity; the mine was First Majestic's third.According to the stock chart on its website and the company's profile on the Venture Exchange website, it is listed since 2002 but the oldest part of the company goes back as far as 1984 .

On March 5, 2009 it graduated to the Toronto Stock Exchange with an initial offering of Cdn$25 million. About a year and a half later it joined the New York Stock Exchange .

In 2009 First Majestic added a fourth silver project when it acquired Normabec Mining Resources Ltd . Initially the deal was thought to have included both Mexico's Real de Catorce mine and Quebec's Pitt Gold Property. However, non-Mexican assets were spun off into a new company called Bionor Resources Inc, which is now Magna Terra Minerals.In January 2018 First Majestic acquired Primero Mining and the San Dimas silver-gold mine in Durango, Mexico.


Mission
First Majestic Silver Corp. is committed to creating superior, long-term value for our shareholders. Our mission is to build a leading silver producer by continuing to focus on optimizing production from our existing silver mines and aggressively pursuing the development of our quality, high-grade silver assets throughout Mexico.

Vision
Our vision is to become the primary silver company through aggressive organic growth that is focused on value-added endeavors such as exploration, mergers and acquisitions, exploration and development of new silver projects, diversification and the pursuit of new opportunities.

Key Team

Mr. David Soares C.A., CPA, M.B.A. (Chief Financial Officer)

Mr. Arturo Diaz (VP of Admin.)

Ms. Sophie E. Hsia BCL, L.L.B., L.L.M., LLB, LLM (Gen. Counsel)

Ms. Jill Anne Arias (VP of Corp. Communications & Marketing)

Mr. Todd Anthony M.B.A., MBA (VP of Corp. Devel.)

Mr. David Smith (VP of HR)

Ms. Connie Lillico B.A. (Corp. Sec.)


Recognition and Awards
The Company has received numerous awards over the years, including the ‘Outstanding Risk Management Award’ from the Council of Financial Regulators, the ‘Outstanding Corporate Governance Award’ from the Toronto Stock Exchange and the ‘Best Corporate Governance Award’ from the GovXchange Awards, to name just a few.

References
First Majestic Silver
Leadership team

Mr. Keith N. Neumeyer (Founder, Pres, CEO & Director)

Mr. Steven C. Holmes (Chief Operating Officer)

Mr. Ramon Mendoza Reyes P. Eng., P.Eng. (VP of Technical Services)

Products/ Services
Mining
Headquarters
Vancouver, British Columbia, Canada
Established
1998
Company Registration
SEC CIK number: 0001308648
Net Income
2M - 5M
Revenue
500M - 1B
Traded as
AG
Social Media
Sun Mar 03 2024
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