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Symbol
Currency
NYSE:AG
USD
TSE:AG
CAD
Description
First Majestic Silver Corp are a gold and silver focused emerging major with four producing mines in Mexico and USA, one mine in development in Mexico and four exploration properties. Currently they produce roughly 135koz. of gold and 14.0Moz. 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 ~$3342.31M which is a rise of roughly 24% over the last one months. As of 02/28/2025 they have ~$265M debt and ~$202M cash. They have 483M shares outstanding and trade on the New York Stock Exchange and the Toronto Stock Exchange.
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General Details
Financial
02/28/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$2,692.90M
$3,342.31M
02/28/2025
$649.41M
Total Assets:
$1,019.00M
$1,019.00M
02/28/2025
$0.00M
Total Liabilities:
$374.00M
$374.00M
02/28/2025
$0.00M
Current Assets:
$300.00M
$300.00M
02/28/2025
$0.00M
Current Liabilities:
$78.00M
$78.00M
02/28/2025
$0.00M
Total Debt:
$265.00M
$265.00M
02/28/2025
$0.00M
Cash:
$202.00M
$202.00M
02/28/2025
$0.00M
Enterprise Value:
$2,755.90M
$3,405.31M
11/28/2077
$649.41M
Cash Flow:
$208.02M
$282.80M
never
$74.79M
Cash Flow Multiple:
12.95
11.82
never
-1.13
Net Debt to Cash Flow Ratio:
0.30
0.22
never
-0.08
Finance within 1 year:
02/28/2025
n/a
Misc
02/28/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
482,505,780
482,505,780
02/28/2025
0
Shares (FD):
501,471,370
501,471,370
02/28/2025
0
Insider Ownership:
n/a
n/a
01/14/2018
n/a
Dividend (Annual):
n/a
0.36%
02/28/2025
0.36%
Company Type:
Mostly Silver
Mostly Silver
never
n/a
Production ETA:
n/a
n/a
02/28/2025
n/a
Production (Gold Eq Oz.):
(guess) 287,538
(guess) 287,215
02/28/2025
-323
Production (Silver Eq Oz.) :
(guess) 26,390,328
(guess) 26,416,657
02/28/2025
26,329
Initial CapEx (Outstanding):
n/a
n/a
02/28/2025
n/a
Funding Option:
n/a
n/a
02/28/2025
n/a
Documentation:
none
PRODUCER
02/28/2025
n/a
Future MCap Modifier:
0.3Producer: Elite Quality
0.3Producer: Elite Quality
04/24/2023
0
Cash Flow Multiplier:
20
20
02/28/2025
0.00
Resource Data
GOLD
02/28/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
0.70M
0.70M
02/28/2025
0.00M
Measured & Indicated:
3.00M
3.00M
02/28/2025
0.00M
Inferred:
2.00M
2.00M
02/28/2025
0.00M
Reserves & Resources:
5.00M
5.00M
never
0.00M
P L A U S I B L E
Proven & Probable:
0.56M
0.56M
02/28/2025
0.00M
Measured & Indicated:
2.03M
2.03M
02/28/2025
0.00M
Inferred:
0.80M
0.80M
02/28/2025
0.00M
Reserves & Resources:
2.83M
2.83M
never
0.00M
C U R R E N T
Annual Production:
(guess) 135,000oz.
(guess) 135,000oz.
02/28/2025
0oz.
Cash Cost:
$1,250
$1,250
02/28/2025
$0.00
Extra Operating Cost:
$700
$700
02/28/2025
$0.00
Total:
$1,950
$1,950
02/28/2025
$0.00
Margin (Free Cash Flow):
$906 (32%)
$1,170 (37%)
$263.60
G R A D E
Underground (Avg):
5.00 g/t
5.00 g/t
02/28/2025
n/a
Open Pit (Avg):
n/a
1.00 g/t
10/17/2024
1.00 g/t
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
02/28/2025
0.00%
F U T U R E
Proven & Probable:
4.00M
4.00M
02/28/2025
0.00M
Annual Production:
275,000oz.
275,000oz.
02/28/2025
0oz.
Cash Cost:
$1,400
$1,400
02/28/2025
$0
Extra Operating Cost:
$700
$700
02/28/2025
$0
SILVER
02/28/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
95.00M
95.00M
02/28/2025
0.00M
Measured & Indicated:
135.00M
135.00M
02/28/2025
0.00M
Inferred:
75.00M
75.00M
02/28/2025
0.00M
Reserves & Resources:
210.00M
210.00M
never
0.00M
P L A U S I B L E
Proven & Probable:
85.50M
85.50M
02/28/2025
0.00M
Measured & Indicated:
114.30M
114.30M
02/28/2025
0.00M
Inferred:
33.75M
33.75M
02/28/2025
0.00M
Reserves & Resources:
148.05M
148.05M
never
0.00M
C U R R E N T
Annual Production:
(guess) 14,000,000oz.
(guess) 14,000,000oz.
02/28/2025
0oz.
Cash Cost:
$14.00
$14.00
02/28/2025
$0.00
Extra Operating Cost:
$11.00
$11.00
02/28/2025
$0.00
Total:
$25.00
$25.00
02/28/2025
$0.00
Margin (Free Cash Flow):
$6.12 (19.67%)
$8.92 (26.30%)
$2.80
G R A D E
Underground (Avg):
180.00 g/t
180.00 g/t
02/28/2025
n/a
Open Pit (Avg):
n/a
n/a
07/09/2023
n/a
Recovery Rate:
(CG) 90.00%
(CG) 90.00%
02/28/2025
0.00%
F U T U R E
Proven & Probable:
200.00M
200.00M
02/28/2025
0.00M
Annual Production:
15,000,000oz.
15,000,000oz.
02/28/2025
0oz.
Cash Cost:
$16.00
$16.00
02/28/2025
$0.00
Extra Operating Cost:
$12.00
$12.00
02/28/2025
$0.00
Property
Last Analysis Data (02/28/2025)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Production
Boquillas Del Cármen , Mexico
La Encantada
100%
n/a
n/a
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
Production
Mexico , Mexico
San Dimas
100% (guess)
n/a
Underground
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)
Production
Hermosillo, Sonora , Mexico
Santa Elena
100%
n/a
n/a
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)
Development
Chalchihuites , Mexico
Del Toro
100%
1
n/a
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)
Exploration
Mexico , Mexico
Cerros Los Gatos
70% (guess)
100,000
Both
show
70% ownership (currently 51%, option for 70%.
Exploration
Etzatlan mining district in Jalisco , Mexico
Jalisco
100% (guess)
5,245
n/a
n/a
Exploration
San Luis Potosí State , Mexico
La Luz
100% (guess)
4,974
n/a
n/a
Exploration
Mexico , Mexico
San Martin
65%
n/a
n/a
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)
Production
Nevada , USA
Jerritt Canyon
100% (guess)
30,000
Open Pit
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):
140,220
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Production
Boquillas Del Cármen , Mexico
La Encantada
100%
n/a
n/a
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
Production
Mexico , Mexico
San Dimas
100% (guess)
n/a
Underground
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)
Production
Hermosillo, Sonora , Mexico
Santa Elena
100%
n/a
n/a
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)
Development
Chalchihuites , Mexico
Del Toro
100%
1
n/a
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)
Exploration
Mexico , Mexico
Cerros Los Gatos
70% (guess)
100,000
Both
show
70% ownership (currently 51%, option for 70%.
Exploration
Etzatlan mining district in Jalisco , Mexico
Jalisco
100% (guess)
5,245
n/a
n/a
Exploration
San Luis Potosí State , Mexico
La Luz
100% (guess)
4,974
n/a
n/a
Exploration
Mexico , Mexico
San Martin
65%
n/a
n/a
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)
Production
Nevada , USA
Jerritt Canyon
100% (guess)
30,000
Open Pit
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):
140,220
Profitability (by resource)
Proven & Probable
02/28/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
40.34%
40.40%
n/a
0.06%
Percentage Silver:
59.66%
59.60%
n/a
-0.06%
Total (Gold Eq. Oz.):
1.74M
1.73M
n/a
0.00M
Total (Silver Eq. Oz.):
159.25M
159.38M
n/a
0.14M
P L A U S I B L E
Gold Eq. Oz.:
1.49M
1.49M
n/a
0.00M
Silver Eq. Oz.:
136.90M
137.01M
n/a
0.11M
Maximum Profit (Gold):
$507.47M
$655.09M
n/a
$147.62M
Maximum Profit (Silver):
$523.26M
$762.66M
n/a
$239.40M
Total Maximum Profit:
$1,030.73M
$1,417.75M
n/a
$387.02M
Max Profit / Current MCap:
0.383
0.424
n/a
0.041
Max Profit Per Share (Gold):
$1.01
$1.31
n/a
$0.29
Max Profit Per Share (Silver):
$1.04
$1.52
n/a
$0.48
Total Max Profit Per Share:
$2.06
$2.83
n/a
$0.77
Total Free Profit Per Share:
$0.00
$0.00
n/a
$0.00
FD MCap / Gold Eq.:
$1,805.41
$2,243.76
n/a
$438.35
FD MCap / Silver Eq.:
$19.67
$24.40
n/a
$4.72
FD MCap / Per Metal as % Spot Price:
63.21%
71.92%
n/a
8.71%
Measured & Indicated
02/28/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
67.10%
67.15%
n/a
0.05%
Percentage Silver:
32.90%
32.85%
n/a
-0.05%
Total (Gold Eq. Oz.):
4.47M
4.47M
n/a
0.00M
Total (Silver Eq. Oz.):
410.34M
410.93M
n/a
0.59M
P L A U S I B L E
Gold Eq. Oz.:
3.28M
3.27M
n/a
0.00M
Silver Eq. Oz.:
300.80M
301.19M
n/a
0.40M
Maximum Profit (Gold):
$1,841.40M
$2,377.03M
n/a
$535.64M
Maximum Profit (Silver):
$699.52M
$1,019.56M
n/a
$320.04M
Total Maximum Profit:
$2,540.91M
$3,396.59M
n/a
$855.68M
Max Profit / Current MCap:
0.944
1.016
n/a
0.073
Max Profit Per Share (Gold):
$3.67
$4.74
n/a
$1.07
Max Profit Per Share (Silver):
$1.39
$2.03
n/a
$0.64
Total Max Profit Per Share:
$5.07
$6.77
n/a
$1.71
Total Free Profit Per Share:
$0.00
$0.11
n/a
$0.11
FD MCap / Gold Eq.:
$821.67
$1,020.64
n/a
$198.97
FD MCap / Silver Eq.:
$8.95
$11.10
n/a
$2.14
FD MCap / Per Metal as % Spot Price:
28.77%
32.71%
n/a
3.95%
Reserves & Resources
02/28/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
68.61%
68.65%
n/a
0.04%
Percentage Silver:
31.39%
31.35%
n/a
-0.04%
Total (Gold Eq. Oz.):
7.29M
7.28M
n/a
0.00M
Total (Silver Eq. Oz.):
668.90M
669.88M
n/a
0.98M
P L A U S I B L E
Gold Eq. Oz.:
4.45M
4.44M
n/a
0.00M
Silver Eq. Oz.:
407.97M
408.52M
n/a
0.55M
Maximum Profit (Gold):
$2,566.36M
$3,312.87M
n/a
$746.52M
Maximum Profit (Silver):
$906.07M
$1,320.61M
n/a
$414.54M
Total Maximum Profit:
$3,472.42M
$4,633.48M
n/a
$1,161.06M
Max Profit / Current MCap:
1.289
1.386
n/a
0.097
Max Profit Per Share (Gold):
$5.12
$6.61
n/a
$1.49
Max Profit Per Share (Silver):
$1.81
$2.63
n/a
$0.83
Total Max Profit Per Share:
$6.92
$9.24
n/a
$2.32
Total Free Profit Per Share:
$1.55
$2.57
n/a
$1.02
FD MCap / Gold Eq.:
$605.81
$752.49
n/a
$146.67
FD MCap / Silver Eq.:
$6.60
$8.18
n/a
$1.58
FD MCap / Per Metal as % Spot Price:
21.21%
24.12%
n/a
2.91%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
02/28/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Spot Gold:
$2,856.20
$3,119.80
03/31/2025
$263.60
Spot Silver:
$31.12
$33.92
03/31/2025
$2.80
Gold:Silver Ratio:
91.78
91.98
03/31/2025
0.20
Spot Gold (Future):
$4,000.00
$4,000.00
$0.00
Spot Silver (Future):
$100.00
$100.00
$0.00
Gold:Silver Ratio (Future):
40.00
40.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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