- Business
- First Majestic Silver Corp. is a publicly traded mining company focused on the acquisition, exploration, development and production of silver and gold mineral properties primarily in Mexico and the United States. The company owns and operates four producing underground mines in Mexico including the San Dimas Silver/Gold Mine in Durango State, the Santa Elena Silver/Gold Mine in Sonora State, the La Encantada Silver Mine in Coahuila State, and the Los Gatos Silver Mine in Chihuahua State where First Majestic holds a 70% interest through a joint venture with Dowa Metals & Mining Co. Ltd.; it also maintains a portfolio of development and exploration assets such as the Jerritt Canyon Gold project in Nevada, USA, and operates First Mint LLC which produces and sells silver bars, ingots, coins and medallions directly to the public. Founded in 2002 and headquartered in Vancouver, Canada, First Majestic serves precious metals refiners, commodity markets, financial institutions and retail investors through its doré bars and bullion products while emphasizing growth in three world-class Mexican mining districts. In early 2025, the company completed its transformative acquisition of Gatos Silver Inc. in an all-stock transaction valued at approximately US$970 million, adding full ownership of the high-margin, cash flow-positive Cerro Los Gatos mine to its portfolio and positioning First Majestic as a leading intermediate primary silver producer with enhanced production of 30-32 million silver-equivalent ounces annually.