Wayne Lam

- First Majestic Silver expects to exceed **$1 billion** in revenue in **2025**.  **[0001308648_2173180_2]** 
- The company reported a cash balance of over **$510 million** as of **June 30th**.  **[0001308648_2173180_2]** 
- Production for **2025** is estimated at approximately **32 million silver-equivalent ounces**, with **55%** from silver and **35%** from gold.  **[0001308648_2173180_1]** **[0001308648_2173180_2]** 
- The acquisition of the Los Gatos operation in **January** (news released September **2024**) for **$970 million** increased the business by **30%** and production from **20 million to over 30 million ounces**.  **[0001308648_2173180_2]** **[0001308648_2173180_3]** 
- First Majestic Silver operates an in-house mint, launched in **March 2024**, which currently processes **7%** of its production, with a target to reach **10%** by year-end.  **[0001308648_2173180_5]**

First Majestic Silver Provides Business Update at Nordic Funds & Mines Conference

- First Majestic Silver Corp. reported **record quarterly silver production** of **3.9 million ounces** in Q3 2025, representing a **96% increase year-over-year**, and total **7.7 million attributable silver equivalent ounces**, a **39% increase year-over-year**.  **[1308648_0001062993-25-015989_exhibit99-1.htm:0]** 
- The company announced the renewal of its Share Repurchase Program, authorizing the purchase of up to **24,500,000 common shares**, approximately **5%** of its outstanding shares, during the period from **October 14, 2025**, to **October 13, 2026**.  **[1308648_0001062993-25-015989_exhibit99-1.htm:3]** 
- First Majestic is scheduled to release its Q3 2025 unaudited financial results and announce its dividend payment on **November 5, 2025**, followed by a conference call and webcast.  **[1308648_0001062993-25-015989_exhibit99-1.htm:3]**

First Majestic Silver Corp. Reports Record Q3 2025 Silver Production and Renews Share Repurchase Program

- The Mexican Federal Government amended mining and water laws in **May 2023**, increasing mining royalties in **2025** (from **7.5% to 8.5%** of taxable earnings and **0.5% to 1%** on precious metal revenues) and introducing new permitting requirements for hydrocarbons in **March 2025**.  **[1308648_0001193125-25-220751_d12444dex991.htm:12]** **[1308648_0001193125-25-220751_d12444dex992.htm:23]** **[1308648_0001193125-25-220751_d12444dex991.htm:24]** **[1308648_0001193125-25-220751_d12444dex991.htm:107]**  These amendments are expected to have a potentially material impact on current and future operations, with constitutional challenges and amparo lawsuits currently pending before the Supreme Court of Justice.  **[1308648_0001193125-25-220751_d12444dex992.htm:23]** **[1308648_0001193125-25-220751_d12444dex991.htm:24]** **[1308648_0001193125-25-220751_d12444dex991.htm:107]** 
- As of **December 31, 2024**, the San Dimas mine reported the following mineral resources and reserves:

    **San Dimas Mineral Resources (Effective December 31, 2024)**  **[1308648_0001193125-25-220751_d12444dex991.htm:19]** 
    | Metric | Total Measured & Indicated |
    |---|---|
    | Tonnage (k tonnes) | **4,876** |
    | Silver Content (k Oz) | **48,710** |
    | Gold Content (k Oz) | **569** |
    | Silver-Equivalent Content (k Oz) | **99,020** |

    **San Dimas Mineral Reserves (Effective December 31, 2024)**  **[1308648_0001193125-25-220751_d12444dex991.htm:21]** 
    | Metric | Total Proven & Probable |
    |---|---|
    | Tonnage (k tonnes) | **3,229** |
    | Silver Content (k Oz) | **25,480** |
    | Gold Content (k Oz) | **294** |
    | Silver-Equivalent Content (k Oz) | **51,200** |

- The Life of Mine (LOM) plan for **2025-2029** forecasts the following production and operating costs:

    **San Dimas Life of Mine Production Schedule (2025-2029)**  **[1308648_0001193125-25-220751_d12444dex991.htm:22]** 
    | Metric | Total (2025-2029) |
    |---|---|
    | ROM Production / Plant Feed (kt) | **3,229** |
    | Produced Silver (M oz Ag) | **24** |
    | Produced Gold (k oz Au) | **281** |
    | Produced Silver-Equivalent (M oz Ag-Eq) | **48** |

    **San Dimas Operating Costs (LOM Plan)**  **[1308648_0001193125-25-220751_d12444dex991.htm:112]** 
    | Metric | $/tonne milled |
    |---|---|
    | Total Production Cost | **$160.5** |
    | Total Cash Cost | **$163.0** |

- Effective **April 30, 2025**, the gold equivalent reference ratio in the streaming agreement with Wheaton Precious Metals was amended from **70:1 to 90:1** (silver to gold) due to the average gold/silver price ratio reaching 90:1.  **[1308648_0001193125-25-220751_d12444dex991.htm:12]**

First Majestic Silver Corp. Provides Technical Update on San Dimas Mine and Addresses Mexican Regulatory Changes

- First Majestic Silver Corp. announced **positive drilling results** from its 2024/2025 exploration programs at the Los Gatos Silver Mine in Chihuahua, Mexico.  **[1308648_0001062993-25-015280_exhibit99-1.htm:0]** 
- The drilling identified significant silver and base metal mineralization, including high-grade intercepts such as **1080 g/t AgEq** over **1.6 meters true length** in the South-East Deeps and **1013 AgEq g/t** over **1.9 meters true length** in the Central Deeps.  **[1308648_0001062993-25-015280_exhibit99-1.htm:0]** **[1308648_0001062993-25-015280_exhibit99-1.htm:1]** **[1308648_0001062993-25-015280_exhibit99-1.htm:2]** 
- These results are expected to support **meaningful Mineral Resource growth** at Los Gatos, although they were not included in the company's year-end Mineral Reserve and Mineral Resource Estimates.  **[1308648_0001062993-25-015280_exhibit99-1.htm:0]** 
- First Majestic holds a **70% interest** in the Los Gatos Joint Venture.  **[1308648_0001062993-25-015280_exhibit99-1.htm:4]**

First Majestic Silver Corp. Reports Positive Exploration Results at Los Gatos

- First Majestic Silver Corp. reported **positive drilling results** from its ongoing exploration program at the **San Dimas Silver/Gold Mine** in Durango, Mexico, as of August 18, 2025.  **[1308648_0001062993-25-014861_exhibit99-1.htm:0]** 
- The exploration program was designed to explore for new veins, expand Mineral Resources, and upgrade Inferred Mineral Resources to Indicated Mineral Resources.  **[1308648_0001062993-25-014861_exhibit99-1.htm:0]** 
- Significant gold and silver mineralization was intersected in multiple veins across the property, including Sinaloa-Elia, Roberta, Santa Teresa, and the new Coronado vein.  **[1308648_0001062993-25-014861_exhibit99-1.htm:0]** 
- Key high-grade intercepts include **3.57 meters** at **15.93 g/t Au** and **1,112 g/t Ag** (ELI25X-1) and **1.06 meters** at **23.70 g/t Au** and **578 g/t Ag** (ELI25X-17) from the Sinaloa-Elia veins.  **[1308648_0001062993-25-014861_exhibit99-1.htm:0]** 
- Keith Neumeyer, President & CEO, stated that these results reinforce San Dimas as a **high-quality asset** with **significant growth opportunities** for the company.  **[1308648_0001062993-25-014861_exhibit99-1.htm:0]**

FIRST MAJESTIC SILVER (AG)