Description

First Majestic Silver Corp. specializes in the procurement, prospecting, development, and mining of mineral deposits, concentrating on silver and gold extraction throughout North America. The company holds full ownership of several key assets, including the San Dimas Silver/Gold Mine, covering 71,868 hectares in Mexico's Durango and Sinaloa states, and the Santa Elena Silver/Gold Mine, spanning 102,244 hectares in Sonora. Its Mexican operations also encompass the La Encantada Silver Mine (4,076 hectares in Coahuila, with an additional 1,343 hectares of surface land), the La Parrilla Silver Mine (69,478 hectares in Durango), the Del Toro Silver Mine (3,815 hectares of mining rights and 219 hectares of surface rights in Zacatecas), the San Martin Silver Mine (comprising 33 concessions over 12,795 hectares in Jalisco), and the La Guitarra Silver Mine (39,714 hectares). In the United States, First Majestic owns the Jerritt Canyon gold mine, approximately 30,821 hectares in Elko County, Nevada. Additionally, it possesses the Springpole gold and silver project, situated on roughly 41,913 hectares in Ontario, Canada. Established in 1979, the company was formerly known as First Majestic Resource Corp. before rebranding to First Majestic Silver Corp. in November 2006, and is headquartered in Vancouver, Canada.