First Majestic Silver Corp. is pleased to announce that all outstanding conditions required to complete the previously announced Springpole Silver Stream agreement with First Mining Gold Corp. have been fulfilled. Under the agreement, First Majestic has agreed to purchase 50% of the payable silver produced from the Springpole Gold Project located in Ontario, Canada. First Majestic agreed to pay First Mining total [...]
GR Silver Mining is pleased to announce that it has completed its previously announced bought deal private placement of an aggregate of 33,900,000 units of the Company at a price of $0.27 per Unit for gross proceeds of $9,153,000, which included the exercise of the underwriters' option in full. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant . Each [...]
First Majestic Silver Corp. is pleased to announce that it has agreed to acquire from Gold Canyon Resources Inc., a wholly-owned subsidiary of First Mining Gold Corp., a stream on 50% of payable silver produced from the Springpole Gold Project located in Ontario, Canada. First Majestic will pay First Mining total consideration of $22.5 million in cash and shares, over three payments, for the silver stream which covers the [...]
First Majestic Silver Corp. is pleased to announce the voting results for its annual general meeting held on June 9, 2020. A total of 95,998,465 shares were represented at the meeting, being 45.81% of the Company’s issued and outstanding common shares. Shareholders approved all matters brought before the meeting as follows: ELECTION OF DIRECTORS Director Nominee Votes For % For Votes Withheld % Withheld Keith Neumeyer [...]
First Majestic Silver Corp. is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31, 2020. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated [...]
First Majestic Silver Corp. announced today that the Mexican tax authority, the Servicio de Administracion Tributaria , has by its various actions exhibited a total disregard for the applicable provisions of three separate double taxation treaties that it has entered into with Canada, Barbados and Luxembourg, which are relevant to First Majestic and its subsidiaries. SAT has repeatedly and unilaterally chosen to reject [...]
First Majestic Silver Corp. announces total production in the first quarter of 2020 reached 6.2 million silver equivalent ounces consisting of 3.2 million ounces of silver and 32,202 ounces of gold. As previously announced on April 6, 2020, the Company has withdrawn its 2020 production and costs guidance as a result of Mexico’s Ministry of Health’s Federal Decree to temporarily suspend all mining operations until April [...]
First Majestic Silver Corp. today announced that operations at its San Dimas, Santa Elena and La Encantada mines in Mexico will be temporarily suspended in accordance with Mexico’s Ministry of Health’s Decree to mitigate the spread and transmission of COVID-19. On March 31, 2020, the Ministry of Health issued the Decree requiring non-essential businesses, including mining, to temporarily suspend activities until April 30 [...]
First Majestic Silver Corp. is pleased to announce its updated Mineral Reserve and Resource estimates for the San Dimas, Santa Elena and La Encantada producing mines as well as its existing non-material mineral assets in Mexico with an effective date of December 31, 2019. Proven and Probable Mineral Reserves at the Companys three producing silver mines totaled 85.1 million ounces of silver and 733,000 ounces of gold, or [...]
First Majestic Silver Corp. announced today that it has acquired an aggregate of 17,097,500 common shares in the capital of GR Silver Mining Ltd. . Such Shares were issued to First Majestic as partial consideration for the purchase by GR Silver of 100% of the issued and outstanding shares of First Majestics wholly-owned subsidiary, Minera La Rastra S.A. de C.V, which owns the Plomosas project in Sinaloa, Mexico [...]
First Majestic Silver Corp. announces that its board of directors has approved the extension of its share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 10,000,000 common shares of the Company which [...]
First Majestic Silver Corp. is pleased to announce the results from its 2019 exploration program at the Ermitaño project located approximately four kilometres away from the Company’s producing Santa Elena operation in Sonora, Mexico. The program focused on infill drilling to upgrade a large existing Inferred Resource into Indicated Resources to support detailed mine design before construction [...]