First Majestic Reports First Quarter Financial Results, Inaugural Dividend Payment, and Appointment of VP Operations
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31, 2021. The Company has also adjusted its cost reporting to reflect cash costs and all-in sustaining cost per ounce ("AISC") on a per silver equivalent ounce ("AgEq") basis compared to previous disclosure of only payable silver ounces. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at or on SEDAR at and on EDGAR at All amounts are in U.S. dollars unless stated otherwise.
First Majestic Completes Acquisition of Jerritt Canyon Mine in Nevada, USA and Private Placement with Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2021) - First Majestic Silver Corp. (TSX: FR) (NYSE: AG) ("First Majestic" or the “Company”) and Sprott Mining Inc. ("Sprott Mining")are pleased to announce the completion of the acquisition of Jerritt Canyon Canada Ltd. ("Jerritt Canyon") from Sprott Mining (the "Acquisition") and concurrent $30 million private placement investment in First Majestic by Eric Sprott, previously announced in the joint news release of First Majestic and Sprott Mining dated March 12, 2021.
Reports Project Gold Mines Are Expected to Produce More Than Ever In 2021
, /PRNewswire/ -- Gold has again risen to all-time highs because investors have again rushed to its traditional 'safe haven'. It rises not despite the pandemic… but because of the global crisis. The trading price is predicted by many to continue to soar and miners are also looking to increase production. A from Singapore Bullion Market Association, spoke about the Metals Report issued in which said: "Turning to 2021, Metals Focus remains bullish towards gold. We are confident that as policy rates remain low and fiscal spending persists, inflows of institutional money into the yellow metal will continue. Low rates and yields are typically positive for gold, as they minimize the opportunity cost of holding the zero-yielding metal. Moreover, given exceptionally low yields (or, in other words, high bond prices), the effectiveness of bonds as a hedge against market turmoil, and in particular equity market corrections, is hampered as it becomes harder to see yields fall much more. This forces investors towards other portfolio diversifiers, something that should continue to benefit gold. Related to this point, policy accommodation has resulted in exceptionally strong equity market performance. While this has been a boon for investors, it also amplifies their need to diversify portfolios and gold will remain an instrument to do so." Active stocks in the mining markets this week include (OTCQX: CXBMF) (TSX: CXB), (NYSE: FNV) (TSX: FNV), (TSX: LUN) (OTCPK: LUNMF) (TSX: EDV) (OTCQX: EDVMF),
First Majestic Produces 2.9M Oz Silver and 23,873 Oz Gold (4.5M Silver Eqv. Oz) in the First Quarter of 2021
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2021) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) ("First Majestic" or the "Company") announces that total production in the first quarter of 2021 from the Company's three producing operations in Mexico, the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine, reached 4.5 million silver equivalent ounces consisting of 2.9 million ounces of silver and 23,873 ounces of gold. The Company's financial results for the first quarter of 2021 are scheduled to be released on Thursday, May 6, 2021.
Despite Recent Dip, Silver Companies Have Reason For Optimism
, /PRNewswire/ -- There has been a slew of positive global economic news lately, such as shipping routes returning to normal after the blockage in the Suez Canal, and President Biden's expected unveiling of the next phase of his U.S. economic recovery in addition to a set of infrastructure proposals. Over the past couple of weeks, these positive recovery outlooks have created bearish sentiment on precious metal markets, but the process of recovering from the massive economic disruption caused by the public health crisis will be slow and bumpy, meaning there's plenty of reason to see upside in silver's longer term prospects. Meanwhile, relatively low silver prices could help shine the spotlight on silver companies like (TSXV:BRC) (OTCQB:BKRRF),(NYSE:EXK) (TSX:EDR),(NASDAQ: PAAS) (TSX:PAAS),(NYSE:AG) (TSX:FR), and (NYSE:WPM) (TSX:WPM) as they ramp up silver assets.
First Majestic Files Updated Technical Reports, 2020 Mineral Reserve and Mineral Resource Estimates & Appoints New Director
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2021) - (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to announce it has filed updated technical reports in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects for its three operating mines: the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine (collectively, "material assets"). The Santa Elena and La Encantada technical reports have an effective date of December 31, 2020 for exploration data and mine depletion estimates. The San Dimas technical report has an effective date of December 31, 2020 for technical information and mine depletion but uses an exploration data cut-off of June 30, 2020 due to required modeling lead times. Each of the reports were prepared internally by First Majestic and are available on the Company's website or SEDAR () under First Majestic's issuer profile. The Company has also updated the Mineral Resource estimates for its non-material assets with an effective date of December 31, 2020.
First Majestic Updates ESG Sustainability Activities Aimed at Helping Local Communities and Improving the Environment
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2021) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to update stakeholders and shareholders on its activities following the release of the Company's first Environmental, Social, Governance and Sustainability Report (the "ESG Report") published in September 2020.
First Majestic Renews Share Repurchase Program
First Majestic Silver Corp. ("First Majestic" or the "Company") announces that it has received regulatory consent to extend its share repurchase program (the "Share Repurchase") pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange ("TSX") or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company has the ability to repurchase up to 10,000,000 common shares of the Company which represents approximately 4.5% of the 221,681,131 issued and outstanding shares of the Company as of March 8, 2021.
Why Wall Street Bankers Are Still Optimistic on Gold In 2021
PALM BEACH, Fla., /PRNewswire/ -- Gold performed extremely well in 2020 and now the question is what will it do in 2021 and beyond? After setting fresh records this year, will gold prices go up past per ounce once again any time soon? 2020 has seen a "phenomenal" inflow of gold-backed exchange-traded funds, fueling an investment-led rally, but while ETF inflows are still expected to be strong, 2020's level of inflows would be hard to keep up. An article that compared the outlooks of 2 industry banks & economists, said that: "In a recent report, Goldman Sachs, the investment bank, said that it is maintaining its 2021 gold price target of an ounce as the global economy returns to balance between positive news of potential vaccines for the COVID-19 virus and the still prevalent risks of further economic damage from more waves of the virus…. (while) Citibank is also optimistic about the commodity's future. In their (recent) gold price prediction, the bank's analysts said they see the metal rising to per ounce in three months and to per ounce in six to 12 months. "We lift the 2021E base case gold price forecast by per ounce, versus our early July update, to a record per ounce," they added." Active stocks in the mining markets this week include (OTCQB: GIDMF) (CSE: IGLD), , (NYSE: EGO) (TSX: ELD), (NYSE: IAG) (TSX: IMG), (NYSE: KGC) (TSX: K),
First Majestic Announces Acquisition of Jerritt Canyon Mine in Nevada, USA
First Majestic Silver Corp. ("First Majestic") (TSX:FR) (NYSE:AG) (Frankfurt:FMV) and Sprott Mining Inc. ("Sprott Mining") are pleased to announce that they have entered into a definitive agreement (the "Share Purchase Agreement") whereby First Majestic will acquire all of the issued and outstanding common shares of Jerritt Canyon Canada Ltd. ("Jerritt Canyon") from Sprott Mining (the "Acquisition") for $470 million in shares of First Majestic plus 5 million First Majestic share purchase warrants. Concurrent with the Acquisition, Eric Sprott, President of Sprott Mining, will complete a $30 million private placement investment in First Majestic.