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First Majestic Silver Corp

www: www.firstmajestic.com   email: info@firstmajestic.com
Category: Major
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Symbol Data

Symbol Currency
NYSE:AG USD
TSE:AG CAD

Description

First Majestic Silver Corp are a gold and silver focused major with four producing mines in Mexico and USA, one mine in development in Mexico and three exploration properties. Currently they produce roughly 155koz. of gold and 15.0Moz. of silver per year. They have approximately 5Moz. of gold and 210Moz. of silver in the reserves and resources category of which 3Moz. of gold and 135Moz. of silver are in the measured and indicated category. They have a market capitalisation of ~$3210.97M which is a fall of roughly 17% over the last three weeks. As of 10/29/2024 they have ~$254M debt and ~$269M cash. They have 475M shares outstanding and trade on the New York Stock Exchange and the Toronto Stock Exchange.

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General Details

Financial 10/29/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $3,890.60M $3,210.97M 10/29/2024
Total Assets: $1,019.00M $1,019.00M 10/29/2024
Total Liabilities: $374.00M $374.00M 10/29/2024
Current Assets: $300.00M $300.00M 10/29/2024
Current Liabilities: $78.00M $78.00M 10/29/2024
Total Debt: $254.00M $254.00M 10/29/2024
Cash: $269.00M $269.00M 10/29/2024
Enterprise Value: $3,875.60M $3,195.97M 04/11/2071
Cash Flow: $275.35M $211.42M never
Cash Flow Multiple: 14.13 15.19 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 10/29/2024
Misc 10/29/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 475,000,000 475,000,000 10/29/2024
Shares (FD): 490,000,000 490,000,000 10/29/2024
Insider Ownership: n/a n/a 01/14/2018
Dividend (Annual): n/a 0.36% 10/29/2024
Company Type: Mostly Silver Mostly Silver never
Production ETA: n/a n/a 10/29/2024
Production (Gold Eq Oz.): (guess) 
340,191		 (guess) 
330,194		 10/29/2024
Production (Silver Eq Oz.): (guess) 
27,554,593		 (guess) 
28,271,004		 10/29/2024
Initial CapEx (Outstanding): n/a n/a 10/29/2024
Funding Option: n/a n/a 10/29/2024
Documentation: none PRODUCER 10/29/2024
Future MCap Modifier: 0.3
Producer: Elite Quality
 0.3
Producer: Elite Quality
 04/24/2023
Cash Flow Multiplier: 20 20 10/17/2024

Resource Data

GOLD 10/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 0.70M 0.70M 10/29/2024
Measured & Indicated: 3.00M 3.00M 10/29/2024
Inferred: 2.00M 2.00M 10/29/2024
Reserves & Resources: 5.00M 5.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 0.56M 0.56M 10/29/2024
Measured & Indicated: 2.03M 2.03M 10/29/2024
Inferred: 0.80M 0.80M 10/29/2024
Reserves & Resources: 2.83M 2.83M never
C
U
R
R
E
N
T		 Annual Production: (guess) 
155,000oz.		 (guess) 
155,000oz.		 10/29/2024
Cash Cost: $1,250 $1,250 10/29/2024
Extra Operating Cost: $650 $650 10/29/2024
Total: $1,900 $1,900 10/29/2024
Margin (Free Cash Flow): $877 (32%) $768 (29%)
G
R
A
D
E		 Underground (Avg): 5.00 g/t 5.00 g/t 10/29/2024
Open Pit (Avg): n/a 1.00 g/t 10/17/2024
Recovery Rate: (CG)  80.00% (CG)  80.00% 10/29/2024
F
U
T
U
R
E		 Proven & Probable: 4.00M 4.00M 10/29/2024
Annual Production: 300,000oz. 300,000oz. 10/29/2024
Cash Cost: $1,400 $1,400 10/29/2024
Extra Operating Cost: $650 $650 10/29/2024
SILVER 10/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 95.00M 95.00M 10/29/2024
Measured & Indicated: 135.00M 135.00M 10/29/2024
Inferred: 75.00M 75.00M 10/29/2024
Reserves & Resources: 210.00M 210.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 85.50M 85.50M 10/29/2024
Measured & Indicated: 114.30M 114.30M 10/29/2024
Inferred: 33.75M 33.75M 10/29/2024
Reserves & Resources: 148.05M 148.05M never
C
U
R
R
E
N
T		 Annual Production: (guess) 
15,000,000oz.		 (guess) 
15,000,000oz.		 10/29/2024
Cash Cost: $14.00 $14.00 10/29/2024
Extra Operating Cost: $11.00 $11.00 10/29/2024
Total: $25.00 $25.00 10/29/2024
Margin (Free Cash Flow): $9.29 (27.09%) $6.16 (19.77%)
G
R
A
D
E		 Underground (Avg): 180.00 g/t 180.00 g/t 10/29/2024
Open Pit (Avg): n/a n/a 07/09/2023
Recovery Rate: (CG)  90.00% (CG)  90.00% 10/29/2024
F
U
T
U
R
E		 Proven & Probable: 200.00M 200.00M 10/29/2024
Annual Production: 15,000,000oz. 15,000,000oz. 10/29/2024
Cash Cost: $16.00 $16.00 10/29/2024
Extra Operating Cost: $12.00 $12.00 10/29/2024

Property

Last Analysis Data  (10/29/2024)
Stage Name Owned Au Ag Cu Notes
Prod La Encantada 100% show
2023

P&P: 13.6M AG OZ
M&I: 31.6M AG OZ
Inf: 19.3M AG OZ

2023E PRODUCTION
3.1M - 3.3M AG OZ
Prod San Dimas 100% show
2023

P&P: 37.8M AG + 460K AU OZ
M&I: 54.5M AG + 681K AU OZ
Inf: 42.0M AG + 489K AU OZ

2023E Production
12.9M - 13.7M AgEq OZ
(6.4M - 6.8M AG OZ + 78K - 83K AU OZ)
Prod Santa Elena 100% show
2023

P&P: 10.1M AG + 320K AU OZ
M&I: 15.6M AG + 467K AU OZ
Inf: 12.4M AG + 313K AU OZ

2023E PRODUCTION
8.5M - 9.1M AgEq OZ
(0.9M - 1.0M AG OZ + 91K - 97K AU OZ)
Dev Del Toro 100% show
1 of 5 long life producing mines. Number 6 is under development.

2023 -

M&I: 7.6M AgEq OZ
Inf: 11.2M AgEq OZ

January 2020 temporarily suspended (improve operations)
Exp Jalisco 100% n/a
Exp La Luz 100% n/a
Exp San Martin 65% show
Past producing mine


2023

M&I: 9.0M AG + 17K AU OZ
Inf: 18.4M AG + 29K AU OZ

July 2019 temporarily suspended (security & safety issues)
Prod Jerritt Canyon 100% show
75,000 oz a year production.

Plans to increase production to 3000 tpd at 5.5 gpt = 175K oz


2023 -

M&I: 1,691K AU OZ
INF: 1,542K AU OZ

March 2023 temporarily suspended
Total Land Package Size (ha): 40,220  
Current Data
Stage Name Owned Au Ag Cu Notes
Prod La Encantada 100% show
2023

P&P: 13.6M AG OZ
M&I: 31.6M AG OZ
Inf: 19.3M AG OZ

2023E PRODUCTION
3.1M - 3.3M AG OZ
Prod San Dimas 100% show
2023

P&P: 37.8M AG + 460K AU OZ
M&I: 54.5M AG + 681K AU OZ
Inf: 42.0M AG + 489K AU OZ

2023E Production
12.9M - 13.7M AgEq OZ
(6.4M - 6.8M AG OZ + 78K - 83K AU OZ)
Prod Santa Elena 100% show
2023

P&P: 10.1M AG + 320K AU OZ
M&I: 15.6M AG + 467K AU OZ
Inf: 12.4M AG + 313K AU OZ

2023E PRODUCTION
8.5M - 9.1M AgEq OZ
(0.9M - 1.0M AG OZ + 91K - 97K AU OZ)
Dev Del Toro 100% show
1 of 5 long life producing mines. Number 6 is under development.

2023 -

M&I: 7.6M AgEq OZ
Inf: 11.2M AgEq OZ

January 2020 temporarily suspended (improve operations)
Exp Jalisco 100% n/a
Exp La Luz 100% n/a
Exp San Martin 65% show
Past producing mine


2023

M&I: 9.0M AG + 17K AU OZ
Inf: 18.4M AG + 29K AU OZ

July 2019 temporarily suspended (security & safety issues)
Prod Jerritt Canyon 100% show
75,000 oz a year production.

Plans to increase production to 3000 tpd at 5.5 gpt = 175K oz


2023 -

M&I: 1,691K AU OZ
INF: 1,542K AU OZ

March 2023 temporarily suspended
Total Land Package Size (ha): 40,220  

Profitability (by resource)

Proven &
Probable		 10/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 37.38% 38.68% n/a
Percentage Silver: 62.62% 61.32% n/a
Total (Gold Eq. Oz.): 1.87M 1.81M n/a
Total (Silver Eq. Oz.): 151.70M 154.93M n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.62M 1.56M n/a
Silver Eq. Oz.: 130.86M 133.45M n/a
Maximum Profit (Gold): $491.34M $430.02M n/a
Maximum Profit (Silver): $794.30M $526.68M n/a
Total Maximum Profit: $1,285.64M $956.70M n/a
Max Profit / Current MCap: 0.330 0.298 n/a
Max Profit Per Share (Gold): $1.00 $0.88 n/a
Max Profit Per Share (Silver): $1.62 $1.07 n/a
Total Max Profit Per Share: $2.62 $1.95 n/a
Total Free Profit Per Share: $0.00 $0.00 n/a
FD MCap / Gold Eq.: $2,408.16 $2,060.16 n/a
FD MCap / Silver Eq.: $29.73 $24.06 n/a
FD MCap / Per Metal
as % Spot Price:		 86.71% 77.22% n/a
Measured &
Indicated		 10/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 64.28% 65.55% n/a
Percentage Silver: 35.72% 34.45% n/a
Total (Gold Eq. Oz.): 4.67M 4.58M n/a
Total (Silver Eq. Oz.): 377.99M 391.86M n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 3.44M 3.37M n/a
Silver Eq. Oz.: 278.89M 288.28M n/a
Maximum Profit (Gold): $1,782.88M $1,560.37M n/a
Maximum Profit (Silver): $1,061.85M $704.09M n/a
Total Maximum Profit: $2,844.72M $2,264.46M n/a
Max Profit / Current MCap: 0.731 0.705 n/a
Max Profit Per Share (Gold): $3.64 $3.18 n/a
Max Profit Per Share (Silver): $2.17 $1.44 n/a
Total Max Profit Per Share: $5.81 $4.62 n/a
Total Free Profit Per Share: $0.00 $0.00 n/a
FD MCap / Gold Eq.: $1,129.95 $953.67 n/a
FD MCap / Silver Eq.: $13.95 $11.14 n/a
FD MCap / Per Metal
as % Spot Price:		 40.68% 35.75% n/a

Reserves &
Resources		 10/29/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 65.85% 67.09% n/a
Percentage Silver: 34.15% 32.91% n/a
Total (Gold Eq. Oz.): 7.59M 7.45M n/a
Total (Silver Eq. Oz.): 614.99M 638.10M n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.66M 4.56M n/a
Silver Eq. Oz.: 377.43M 390.52M n/a
Maximum Profit (Gold): $2,484.80M $2,174.69M n/a
Maximum Profit (Silver): $1,375.38M $911.99M n/a
Total Maximum Profit: $3,860.18M $3,086.68M n/a
Max Profit / Current MCap: 0.992 0.961 n/a
Max Profit Per Share (Gold): $5.07 $4.44 n/a
Max Profit Per Share (Silver): $2.81 $1.86 n/a
Total Max Profit Per Share: $7.88 $6.30 n/a
Total Free Profit Per Share: $0.00 $0.00 n/a
FD MCap / Gold Eq.: $834.92 $703.98 n/a
FD MCap / Silver Eq.: $10.31 $8.22 n/a
FD MCap / Per Metal
as % Spot Price:		 30.06% 26.39% n/a

Future Valuation (Cash Flow & Totals)

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