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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 ~$3518.2M which is a fall of roughly 10% over the last days. 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

Change
Item Value Value Updated Value
MCap (FD): $3,890.60M $3,518.20M 10/29/2024 $-372.40M
Total Assets: $1,019.00M $1,019.00M 10/29/2024 $0.00M
Total Liabilities: $374.00M $374.00M 10/29/2024 $0.00M
Current Assets: $300.00M $300.00M 10/29/2024 $0.00M
Current Liabilities: $78.00M $78.00M 10/29/2024 $0.00M
Total Debt: $254.00M $254.00M 10/29/2024 $0.00M
Cash: $269.00M $269.00M 10/29/2024 $0.00M
Enterprise Value: $3,875.60M $3,503.20M 01/04/2081 $-372.40M
Cash Flow: $275.35M $241.04M never $-34.31M
Cash Flow Multiple: 14.13 14.60 never 0.47
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 10/29/2024 n/a
Misc 10/29/2024
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 475,000,000 475,000,000 10/29/2024 0
Shares (FD): 490,000,000 490,000,000 10/29/2024 0
Insider Ownership: n/a n/a 01/14/2018 n/a
Dividend (Annual): n/a 0.36% 10/29/2024 0.36%
Company Type: Mostly Silver Mostly Silver never n/a
Production ETA: n/a n/a 10/29/2024 n/a
Production (Gold Eq Oz.): (guess) 
340,191
(guess) 
332,676
10/29/2024 -7,515
Production (Silver Eq Oz.): (guess) 
27,554,593
(guess) 
28,085,595
10/29/2024 531,002
Initial CapEx (Outstanding): n/a n/a 10/29/2024 n/a
Funding Option: n/a n/a 10/29/2024 n/a
Documentation: none PRODUCER 10/29/2024 n/a
Future MCap Modifier: 0.3
Producer: Elite Quality
0.3
Producer: Elite Quality
04/24/2023 0
Cash Flow Multiplier: 20 20 10/17/2024 0.00

Resource Data

GOLD 10/29/2024
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 10/29/2024 0.00M
Measured & Indicated: 3.00M 3.00M 10/29/2024 0.00M
Inferred: 2.00M 2.00M 10/29/2024 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 10/29/2024 0.00M
Measured & Indicated: 2.03M 2.03M 10/29/2024 0.00M
Inferred: 0.80M 0.80M 10/29/2024 0.00M
Reserves & Resources: 2.83M 2.83M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
155,000oz.
(guess) 
155,000oz.
10/29/2024 0oz.
Cash Cost: $1,250 $1,250 10/29/2024 $0.00
Extra Operating Cost: $650 $650 10/29/2024 $0.00
Total: $1,900 $1,900 10/29/2024 $0.00
Margin (Free Cash Flow): $877 (32%) $837 (31%) $-40.40
G
R
A
D
E
Underground (Avg): 5.00 g/t 5.00 g/t 10/29/2024 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% 10/29/2024 0.00%
F
U
T
U
R
E
Proven & Probable: 4.00M 4.00M 10/29/2024 0.00M
Annual Production: 300,000oz. 300,000oz. 10/29/2024 0oz.
Cash Cost: $1,400 $1,400 10/29/2024 $0
Extra Operating Cost: $650 $650 10/29/2024 $0
SILVER 10/29/2024
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 10/29/2024 0.00M
Measured & Indicated: 135.00M 135.00M 10/29/2024 0.00M
Inferred: 75.00M 75.00M 10/29/2024 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 10/29/2024 0.00M
Measured & Indicated: 114.30M 114.30M 10/29/2024 0.00M
Inferred: 33.75M 33.75M 10/29/2024 0.00M
Reserves & Resources: 148.05M 148.05M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
15,000,000oz.
(guess) 
15,000,000oz.
10/29/2024 0oz.
Cash Cost: $14.00 $14.00 10/29/2024 $0.00
Extra Operating Cost: $11.00 $11.00 10/29/2024 $0.00
Total: $25.00 $25.00 10/29/2024 $0.00
Margin (Free Cash Flow): $9.29 (27.09%) $7.42 (22.89%) $-1.87
G
R
A
D
E
Underground (Avg): 180.00 g/t 180.00 g/t 10/29/2024 n/a
Open Pit (Avg): n/a n/a 07/09/2023 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 10/29/2024 0.00%
F
U
T
U
R
E
Proven & Probable: 200.00M 200.00M 10/29/2024 0.00M
Annual Production: 15,000,000oz. 15,000,000oz. 10/29/2024 0oz.
Cash Cost: $16.00 $16.00 10/29/2024 $0.00
Extra Operating Cost: $12.00 $12.00 10/29/2024 $0.00

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

Change
Item Value Value Updated Value
Percentage Gold: 37.38% 38.35% n/a 0.97%
Percentage Silver: 62.62% 61.65% n/a -0.97%
Total (Gold Eq. Oz.): 1.87M 1.83M n/a -0.05M
Total (Silver Eq. Oz.): 151.70M 154.10M n/a 2.40M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 1.62M 1.57M n/a -0.04M
Silver Eq. Oz.: 130.86M 132.78M n/a 1.92M
Maximum Profit (Gold): $491.34M $468.72M n/a $-22.62M
Maximum Profit (Silver): $794.30M $634.41M n/a $-159.89M
Total Maximum Profit: $1,285.64M $1,103.13M n/a $-182.51M
Max Profit / Current MCap: 0.330 0.314 n/a -0.017
Max Profit Per Share (Gold): $1.00 $0.96 n/a $-0.05
Max Profit Per Share (Silver): $1.62 $1.29 n/a $-0.33
Total Max Profit Per Share: $2.62 $2.25 n/a $-0.37
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $2,408.16 $2,236.97 n/a $-171.19
FD MCap / Silver Eq.: $29.73 $26.50 n/a $-3.23
FD MCap / Per Metal
as % Spot Price:
86.71% 81.73% n/a -4.97%
Measured &
Indicated
10/29/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 64.28% 65.23% n/a 0.95%
Percentage Silver: 35.72% 34.77% n/a -0.95%
Total (Gold Eq. Oz.): 4.67M 4.60M n/a -0.07M
Total (Silver Eq. Oz.): 377.99M 388.27M n/a 10.28M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.44M 3.39M n/a -0.06M
Silver Eq. Oz.: 278.89M 285.85M n/a 6.96M
Maximum Profit (Gold): $1,782.88M $1,700.78M n/a $-82.09M
Maximum Profit (Silver): $1,061.85M $848.11M n/a $-213.74M
Total Maximum Profit: $2,844.72M $2,548.89M n/a $-295.83M
Max Profit / Current MCap: 0.731 0.724 n/a -0.007
Max Profit Per Share (Gold): $3.64 $3.47 n/a $-0.17
Max Profit Per Share (Silver): $2.17 $1.73 n/a $-0.44
Total Max Profit Per Share: $5.81 $5.20 n/a $-0.60
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $1,129.95 $1,039.08 n/a $-90.88
FD MCap / Silver Eq.: $13.95 $12.31 n/a $-1.64
FD MCap / Per Metal
as % Spot Price:
40.68% 37.96% n/a -2.72%

Reserves &
Resources
10/29/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 65.85% 66.78% n/a 0.93%
Percentage Silver: 34.15% 33.22% n/a -0.93%
Total (Gold Eq. Oz.): 7.59M 7.49M n/a -0.11M
Total (Silver Eq. Oz.): 614.99M 632.12M n/a 17.13M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.66M 4.59M n/a -0.07M
Silver Eq. Oz.: 377.43M 387.14M n/a 9.70M
Maximum Profit (Gold): $2,484.80M $2,370.38M n/a $-114.41M
Maximum Profit (Silver): $1,375.38M $1,098.53M n/a $-276.85M
Total Maximum Profit: $3,860.18M $3,468.92M n/a $-391.27M
Max Profit / Current MCap: 0.992 0.986 n/a -0.006
Max Profit Per Share (Gold): $5.07 $4.84 n/a $-0.23
Max Profit Per Share (Silver): $2.81 $2.24 n/a $-0.57
Total Max Profit Per Share: $7.88 $7.08 n/a $-0.80
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $834.92 $767.22 n/a $-67.70
FD MCap / Silver Eq.: $10.31 $9.09 n/a $-1.22
FD MCap / Per Metal
as % Spot Price:
30.06% 28.03% n/a -2.03%

Future Valuation (Cash Flow & Totals)

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