First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine. Production from these mines is projected to be between 13.0 to 13.8 million silver ounces or 25.7 to 27.5 million silver equivalent ounces in 2021.
Investor highlights & future catalysts
Un-hedged, silver producer with approximately 60% of revenues derived from the sale of silver
Initial production at Santa Elena’s Ermitaño project in early 2022
Unlocking value at Jerritt Canyon through increased exploration and development rates to increase production and lower costs
Continued Resource expansion potential at Santa Elena’s Ermitaño project – Pre-Feasibility study expected in Q4 2021
Continued improvements in metallurgical recoveries through implementation of microbubbles, fine grinding, and other R&D Ramping production at the Tayoltita mine at San Dimas in 2020
Higher Silver Prices!