Latest news with #FirstMajestic
The Market Online
9 hours ago
- Business
- The Market Online
Print money now! Gold over 3400, silver already at 36 – Barrick, Globex Mining, First Majestic, D-Wave, and Hensoldt
Debt and inflation are causing yields to rise, and now gold and silver are also booming! In addition to defense and high-tech stocks, investors have finally taken a liking to precious metals. Commodity investors have had to wait a long time for this moment, but now prices are rising rapidly. Investors should add stocks like the long-overlooked Barrick Mining and First Majestic Silver to their portfolios, while Globex Mining (TSX:GMX) is an outright buy. The Company holds over 250 properties, which are currently increasing in value daily. On the other hand, the high-tech stock D-Wave and the defense stock Hensoldt have already advanced excessively. We can help with portfolio rebalancing. First Majestic and Barrick Gold – The only way is up! Barrick Gold recently changed its name to Barrick Mining. This change reflects the Company's increasing focus on copper, which currently accounts for 20% of production and is expected to rise to 30% by 2029. The Reko Diq copper-gold project in Pakistan will contribute significantly to this and is scheduled to go into production in 2028. In Q1 2025, Barrick achieved net income of USD 474 million, or USD 0.27 per share, a significant increase from USD 295 million in the previous year. Gold production fell to 758,000 ounces, and copper production declined to 44,000 tons. Despite these declines, the Company benefited from higher gold and copper prices, and margins improved significantly. Barrick reaffirmed its production targets for 2025 and is focusing on growth through its projects in Pakistan and Zambia. CEO Mark Bristow recently emphasized the need for sustainable solutions in mining and expressed optimism about the Company's future development. With an annual performance of only 11%, analysts on the LSEG platform see room for growth from the current level of around CAD 27 to CAD 37. Silver is increasingly becoming the focus of investors, alongside gold. Unlike the yellow metal, silver is also widely used in the high-tech, defense, medical, and industrial sectors. Global availability has been declining for years as producing mines are reaching the end of their life, and new projects still need some time to bring exploration material to market. Shares in silver producer First Majestic have seen a significant surge of over 15% since May. In the first quarter, with silver prices well above USD 30, the Company reported record operating cash flow of USD 110 million. This brought cash and cash equivalents to USD 462 million, the highest level in the Company's 21-year history. A total of 7.7 million ounces of silver equivalent were produced in Q1, which is approximately 26% of the Company's average production forecast for 2025. The Company achieved record mining revenue of USD 63.8 million, with EBITDA of USD 98.8 million. Consolidated cash costs amounted to USD 13.68 per ounce of silver equivalent, representing a 9% decrease compared to Q1 2024. They are also 6% below the Company's average cost forecast for 2025. The share buyback program will continue, which could further boost the share price. The time is ripe! Globex Mining – In pole position with over 250 projects CEO Jack Stoch views the developments in the precious metals sector with calm confidence. He founded his first mining company back in the 1970s when the price of gold was still between USD 50 and USD 200. With gold trading at over USD 3,300 an ounce, the setup for his asset management holding company-like collection of properties looks excellent. According to experts, stock market valuations are likely to rise sharply in the near future, especially for projects that still have their resources in the ground, as producers are faced with significantly higher transaction costs when acquiring junior companies. Because too little exploration has been done in recent years, there is now considerable pressure to move promising projects forward. For Globex Mining (TSX:GMX), this is a stroke of luck: the Company owns over 250 mineral concessions in Canada, mainly focused on gold and metal projects in Quebec. The deposits are at various stages of development, and some are linked to partnerships through option and royalty models. This leads to a constant deal flow within the portfolio and ensures regular cash inflows. There is currently an update on partner Azimut Exploration. The explorer has released further positive test results from the Perseus nickel zone discovered in 2024, which is located southeast of Globex's Tyrone property in the Eeyou Istchee region of James Bay. There, 30 selected high-grade nickel samples contained more than 3.0% nickel, including the full suite of platinum group elements with grades of 1.16 g/t rhodium, 0.43 g/t iridium, 2.75 g/t ruthenium, and 0.45 g/t osmium, significantly enhancing the potential value of the Perseus zone. The gold and tellurium grades are also anomalous, with grades of up to 1.13 g/t gold and 32.1 g/t tellurium, respectively. The high-grade mineralization is associated with a magnetic anomaly that extends from Globex's Tyrone property into an area that has not yet been fully explored. Progress here will be exciting! Once again, Globex proves that its strategy is on the right track, and positive news is likely to become more frequent in the near future. GMX shares are currently trading at around CAD 1.42, with 56.294 million shares outstanding, giving the Company a market capitalization of CAD 79.3 million. The exciting part remains: around 30% of this valuation is backed by cash and shares from partner companies. Mergers and acquisitions could really get the party started! In May, CEO Jack Stoch presented at the International Investment Forum. Click here for the video recording with lots of updates on the properties. D-Wave Quantum and Hensoldt – Take profits! We will briefly discuss two companies that have performed excellently. First, there is quantum computer expert D-Wave, which has been causing a stir on the NASDAQ with a spectacular 1,000% increase since 2024. This is based on reports that the latest generation of quantum computers significantly outperforms current technologies both in terms of speed and power consumption. The Company only generated a few million in revenue in 2024 and is now reportedly experiencing a flood of orders. However, analysts are finding it difficult to formulate adequate price targets, as the sky is not yet the limit for this year. With a valuation of over USD 5 billion, the price-to-sales ratio is currently still above 200. The share price is, therefore, likely to remain very volatile. The market value of Hensoldt shares is now similarly ambitious. Here, too, investors are expecting a flood of orders from NATO countries. The revenue of EUR 2.24 billion reported in 2024 is expected to grow to over EUR 5 billion by 2029. The stock is already valued at a price-to-sales ratio of 6. And according to the LSEG platform, the 2026 P/E ratio is a whopping 44. JPMorgan published an update last week and set the 12-month price target at EUR 110. The already overbought share price promptly shot up by another 20% to EUR 108.80. It was not until Friday that the value fell back below the EUR 100 mark. Caution: profit-taking could still increase significantly! Selection has become key in the capital markets. While US President Trump continues to subject his country to one reputational blow after another, yields on US bonds are skyrocketing. Notably, China has announced plans to exchange long-term US bonds for gold. This is increasing buying pressure in the markets for precious metal producers like Barrick and First Majestic, as well as for the junior Globex Mining, which is still significantly undervalued due to its estimated millions of ounces still in the ground. Caution is advised with overvalued stocks like D-Wave Quantum and Hensoldt! Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company. In this respect, there is a concrete conflict of interest in the reporting on the companies. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual this reason, there is also a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user. The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use. This is third-party provided content issued on behalf of Globex Mining, please see full disclaimer here.
Yahoo
2 days ago
- Business
- Yahoo
Why First Majestic Silver Corp. (AG) Soared On Thursday
We recently published a list of . In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against other best-performing stocks on Thursday. First Majestic Silver extended its winning streak to a fifth straight day on Thursday, jumping 15.52 percent to close at $8.41 apiece as snapped up shares in the company following the surge in silver prices. Silver futures rose to as high as $36.27 per troy ounce at intra-day trading on Thursday, its highest since 2012, before closing lower to $35.81 per troy ounce. Silver prices grew alongside gold, as investors' funds flocked to safer assets anew to mitigate the risks from the ongoing trade tensions between the US and China. An open-pit mine framed by a mountain range, highlighting the company's vast mining concessions. In recent news, First Majestic Silver Corp. (NYSE:AG) discovered a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico. Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations. First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,' said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer. Overall, AG ranks 3rd on our list of best-performing stocks on Thursday. While we acknowledge the potential of AG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
02-06-2025
- Business
- Associated Press
Orogen Royalties Announces Profitable Q1-2025 Results and Expansion of High-Grade Gold and Silver Mineralization at Navidad
VANCOUVER, BC / ACCESS Newswire / June 2, 2025 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ('Orogen' or the 'Company') is pleased to report profitable financial results for the first quarter ended March 31, 2025, underlined by significant cash generated from operations. The Company is also pleased to report that recently completed drilling at the Navidad discovery, by First Majestic Silver Corp. ('First Majestic'), has substantially increased the size of the mineralized area beyond the previously declared Inferred Resource estimate. The Navidad discovery is located on the 167 square-kilometre Ermitaño concession over which Orogen holds a 2% net smelter return ('NSR') royalty. Q1-2025 Highlights All figures are stated in Canadian dollars unless otherwise noted. Paddy Nicol, CEO of Orogen Royalties, commented, 'We are pleased to report another profitable quarter supported by strong royalty revenue from the Ermitaño mine. Drilling by First Majestic has expanded the mineralized footprint of the Navidad discovery and returned higher gold and silver grades than previously reported. This has the potential to bolster mine life and cashflow from the Ermitaño royalty that Spinco will continue to own after the completion of the previously announced Triple Flag Precious Metals transaction. We are excited to carry on our business model of organic royalty generation and continue to unlock value for our shareholders as the company evolves.' For complete details of the Company's financial results, please refer to the unaudited interim condensed consolidated financial statements and MD&A for the three-month periods ended March 31, 2025 and 2024. The Company's filings are available on SEDAR+ at and on Orogen's website at Please also see non-IFRS Measures at the end of this news release. Summary of Results Q1-2025 Results and Key Assets Ermitaño Royalty, Sonora, Mexico For the three-month period ended March 31, 2025, the Company recorded $2.1 million (2024 - $1.5 million) in royalty revenue generated from the Ermitaño mine. This represents 497 GEOs (2024 - 508 GEOs), a reduction of 2% from 2024, based on an average price of US$2,860 (2024 - US$2,070) per ounce. During the quarter, First Majestic processed 270,203 tonnes of ore, representing a 20% increase compared to the same period in 2024. The average silver and gold head grades were lower during the current period with 58 grams per tonne ('g/t') and 2.59 g/t, respectively, compared to 72 g/t and 3.16 g/t in Q1 2024. Silver and gold recoveries were 68% and 95%, respectively, consistent with 69% and 95% in 2024 1. A total of 2,307 metres of underground development was completed at Ermitaño, representing a 3% increase compared to 2,250 metres in Q1-2024. Seven drill rigs were deployed over the period with five surface rigs and two underground rigs, completing 16,809 metres of drilling. Total exploration cost increased by 42% compared to Q1-2024, totaling US$3.0 million 1. Expansion of High-Grade Mineralization at the Navidad and Winter Veins, Ermitaño Following the December 31, 2024 initial Inferred Mineral Resource estimate of 249,000 ounces gold and 5.9 million ounces silver 2, drilling at the Navidad and Winter vein systems has significantly expanded the footprint of precious metal mineralization and returned higher-grade gold and silver intercepts than previously reported 3. Step out drill holes including EWUG-25-050 (Table 1) have expanded the Winter Vein by 175 metres and the Navidad Vein 325 metres to the east since the resource cut-off date, with the identification of a robust high-grade zone on the eastern flank of the known deposit. Table 1: Highlight Post Resource Drill Hole Intercepts from the Navidad Discoveries 2 *A complete list of First Majestic's recent drilling on the Navidad and Winter veins including subintervals can be found at Ongoing resource conversion drilling continues to confirm the continuity of gold and silver mineralization in both veins with the mineralized structure now traced for a combined 1.3 kilometres of strike and 450 metres down dip with all the veins current strike and possible projections on Orogen's royalty ground. Mineralization at Navidad remains open in multiple directions including both up and down plunge with nine drill rigs currently active on the property 3. Qualified Person Statement All technical data, as disclosed in this press release, has been verified by Laurence Pryer, Ph.D., VP Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101. Certain technical disclosure in this release is a summary of previously released third-party information and the Company is relying on the interpretation provided. Additional information can be found on the links in the footnotes. About Orogen Royalties Inc. Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon gold project (1.0% NSR royalty) in Nevada, U.S.A, being advanced by AngloGold Ashanti NA. The Company is well financed with several projects actively being developed by joint venture partners. On April 21, 2025, the Company and Triple Flag Precious Metals Corp. signed a definitive agreement (the 'Agreement'), whereby Triple Flag will acquire all of the issued and outstanding common shares of Orogen pursuant to a plan of arrangement (the 'Transaction') for total consideration of approximately $421 million, or $2.00 per share. The total consideration consists of approximately $171.5 million in cash, approximately $171.5 million in Triple Flag shares, and shares of a new company ('Orogen Spinco') with an implied value of approximately $78 million. The Agreement and Transaction is subject to regulatory acceptance. 4 Orogen and Triple Flag have also agreed to the formation of a generative exploration alliance in the western United States, whereby Triple Flag will provide funding to Orogen Spinco for generating gold and silver targets considered geologically similar to the Expanded Silicon project. The initial US$435,000 budget will focus on identifying prospective exploration opportunities for incoming exploration partners, in exchange for cash, equity and retained royalty. On Behalf of the Board OROGEN ROYALTIES INC. Paddy Nicol President & CEO To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President of Corporate Development at 604-248-8648. Visit our website at Orogen Royalties Inc. 1015 - 789 West Pender Street Vancouver, BC Canada V6C 1H2 Forward-Looking Information This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the 'Company') expect to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Forward-looking information in this news release includes disclosures regarding NSR royalty payments to be paid to the Company by First Majestic Silver Corp. ('First Majestic') the owners and operator of the Ermitaño mine located in Mexico and that the forecasted revenue which are based on First Majestic 'NI 43-101 Technical Report on Mineral Resource and Mineral Reserve Estimates' having an effective date of June 30, 2021. In addition to the technical report, the disclosure herein also contains and the updated mineral reserve and resource estimates for the Ermitaño mine based on the Santa Elena Mineral Reserve, Resource Estimates with an effective date of December 31, 2024 as announced by First Majestic on March 31, 2025 and as disclosed in their December 31, 2024 AIF, and First Majestic's MD&A for the period ended December 31, 2024. Forward-looking statements are based on several material assumptions, which management of the Company believe to be reasonable, including, but not limited to, the continuation of mining operations in respect of which the Company will receive NSR royalty payments, that the commodity prices will not experience a material adverse change, mining operations that underlie the royalty will operate in accordance with the disclosed parameters and other assumptions may be set out herein. Except where otherwise stated, the disclosure in this news release relating to properties and operations in which Orogen holds a royalty are based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Orogen. Specifically, as a royalty holder and prospect generator, the Company has limited, if any, access to properties on which it holds royalty or other interests in its asset portfolio. The Company may from time to time receive operating information from the owners and operators of the mining properties, which it is not permitted to disclose to the public. Orogen is dependent on, (i) the operators of the mining properties and their qualified persons to provide information to Orogen, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds royalty or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some reported public information in respect of a mining property may relate to a larger property area than the area covered by Orogen's royalty or other interest. Orogen's royalty or other interests may cover less than 100% of a specific mining property and may only apply to a portion of the publicly reported mineral reserves, mineral resources and or production from a mining property. Non-IFRS Measures The Company has included certain results in this news release that do not have any standardized meaning prescribed by International Financial Reporting Standards ('IFRS') including total GEOs sold, average realized gold price per GEO, and cash flow from operating activities excluding changes in non-cash working capital adjustments. The Company's royalty revenue is converted to a gold equivalent ounce by dividing the royalty revenue received during the period by the average gold price of the period. The Company has also used the non-IFRS measure of operating cash flows excluding changes in non-cash working capital. This measure is calculated by adding back the decrease or subtracting the increase in changes in non-cash working capital to or from cash provided by (used in) operating activities. SOURCE: Orogen Royalties Inc press release
Associated Press
28-05-2025
- Business
- Associated Press
First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad
Santo Niño: A New Gold-Silver Discovery Confirmed 900 Metres South of the Santa Elena Plant. Navidad: Drilling Expands the Mineral Deposit Footprint and Returns Higher-Grade Gold and Silver. Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the 'Company' or 'First Majestic') is pleased to report a second significant discovery of vein-hosted gold and silver mineralization within a year at the Santa Elena property in Sonora, Mexico, and to share additional positive drilling results from the Navidad discovery. The near surface, newly identified Santo Niño vein, located approximately one kilometre south of the Santa Elena mine, marks a significant addition to the district. Resource addition and resource conversion drilling at the Navidad Discovery - completed after maiden Inferred Resource estimate declaration (see news release dated March 31, 2025 ) - substantially increased the size of the mineralized area and several holes returned higher than average grades for the deposit. With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district. 'The past twelve months of our exploration activities at Santa Elena have been outstanding,' stated Keith Neumeyer, President & CEO of First Majestic. 'The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope. Together with the producing Santa Elena and Ermitaño mines, these new deposits confirm Santa Elena as a truly prolific district with tremendous untapped potential. We believe Santo Niño and Navidad will meaningfully extend the mine life and will unlock additional value to the portfolio.' EXPLORATION HIGHLIGHTS FOR SANTO NIÑO AND NAVIDAD Exploration drilling approximately 900 metres ('m') south of the Santa Elena processing plant has discovered the Santo Niño vein - a large, epithermal quartz-adularia vein hosting gold ('Au') and silver ('Ag') within a newly identified fault zone. Exploration drilling to date has traced the vein over one kilometre ('km') of strike and 400 m down-dip, with thirteen intercepts to date returning significant gold and silver grades. Confirmed mineralization spans more than 600 m along strike and approximately 200 m down dip, and the upside potential is open in multiple directions. Geological characteristics closely mirror those of the Ermitaño deposit, situated approximately 2.2 km to the east-southeast along strike, underscoring the district-scale potential at Santa Elena. Drilling of the Navidad/Winter vein system, following the maiden Inferred Mineral Resource estimate effective December 31, 2024, expanded the footprint of precious metal mineralization while returning gold and silver grades substantially higher than were reported in the maiden Resource estimate. Drillhole EWUG-25-050 targeted the Winter vein more than 100 m east of prior drilling and intersected some of the highest-grade mineralization ever encountered on the Santa Elena Property: 6.8 m grading 14.8 g/t Au and 642 g/t Ag for an AgEq grade of 1,898 g/t. This interval includes 1.2 m at 29.5 g/t Au and 919 g/t Ag for 3,427 g/t AgEq; and 2.5m at 21.2 g/t Au and 1,093 g/t Ag for 2,897 g/t AgEq. Five additional significant intersections were cut further downhole including that of the Navidad vein. Resource conversion drilling confirms the continuity of precious metal mineralization and, in general, returned significantly higher gold and silver grades than estimated from prior drilling. KEY DRILLING HIGHLIGHTS Tables 1-3 below present a selection of drill hole intercepts with significant assay results from drilling at the Santo Niño and Navidad discoveries. All intercepts are true width. Santo Niño Discovery Highlights Table 1: Santo Niño Vein Significant Intercepts [This table cannot be displayed. Please visit the source.] Navidad Discovery Highlights Table 2: Winter Vein Significant Intercepts [This table cannot be displayed. Please visit the source.] Table 3: Navidad Vein Significant Intercepts [This table cannot be displayed. Please visit the source.] District-Scale Exploration Strategy Building on the exploration model unveiled in February 2025, our exploration team delivered a second gold and silver discovery in less than 12 months - the Santo Niño vein. By drilling beneath the masking andesitic cover into the prospective rhyolite horizon, geologists intercepted the Santo Niño vein and delineated zones of high-grade mineralization. Large portions of the Santa Elena concession, where this rhyolite is concealed, have not yet been explored, underscoring the district's untapped potential. Figure 1 shows the locations of the two new discoveries within the broader Santa Elena property. [ This image cannot be displayed. Please visit the source: ] Figure 1: Santa Elena Property Schematic Map of the Santo Niño and Navidad Discovery Areas. Plan View. To view an enhanced version of this graphic, please visit: Santo Niño Target The Santo Niño discovery sits approximately 900 m south of the Santa Elena processing plant and 2.2 km west-northwest of the Ermitaño deposit. Twenty-three diamond drill core holes have been completed to date with thirteen returning significant vein-hosted gold and silver mineralization (Figures 2 and 3). Eleven of those intercepts define a continuous, higher-grade zone in the vein's western upper levels. Santo Niño is a low-sulphidation, epithermal quartz-adularia vein within the Santo Niño fault zone (Figure 4). Drilling shows the structure strikes north-northwest and dips moderately to the northeast. The vein has now been traced for more than 1 km along strike and 400 m down-dip. Within that envelope, a mineralized core measuring ~600 m along strike by ~220 m down-dip has been identified to date. The average thickness of the mineralized zone is ~4.5 m and ranges from 1 m to 12.3 m. The mineralized area outlined by drilling is located in the western portion of the drill pattern projecting towards surface and the westernmost drill holes have returned some of the highest gold and silver grades. Mineralization remains open to the west and up-dip, while step-out holes on the east side have also intersected additional significant Au-Ag values that are open both eastward and at depth. The full extent of the Santo Niño vein is yet to be defined, and substantial follow-up drilling is planned for 2025 to test its lateral and vertical potential. [ This image cannot be displayed. Please visit the source: ] Figure 2: Santo Niño Discovery Details, Santo Niño Vein. (A) Vertical Cross-Section of the Santo Niño Vein looking East. (B) Plan View of the Santo Niño Vein. (C) Long-Section Looking North. Full Projection of Santa Elena Mine Located ~ 1km North from Santo Niño Vein. To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 3: Santo Niño Vein Long Section Looking North with Significant Intercepts Highlighting the Emerging Mineral Discovery. Santa Elena Mine Projected in the Background for Reference. To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 4: Core Photography of the Sano Niño Quartz-Adularia Vein with Gold and Silver Mineralization Detected by XRF Analysis Hole SE-25-19 Assay Results: 12.34 m at 1.65 g/t Au and 113 g/t Ag (true width) To view an enhanced version of this graphic, please visit: Navidad Target Drilling in the first half of 2025 has significantly expanded the Navidad/Winter vein system and delivered assay grades that exceed the averages estimated from prior drilling in the maiden Inferred Mineral Resource estimate. Step-out and in-fill holes have now traced the combined structure for 1.3 km along strike and 450 m down-dip, confirming both the lateral continuity and the vertical reach of high-grade mineralization. The most significant growth has occurred on the eastern flank of the deposit. Since the resource cut-off date, drilling to the east has expanded the Winter vein by 175 m, and the Navidad vein by 325 m, with each step-out hole returning robust precious-metal values (Figure 5). Three holes highlight the potential for deposit grade increase, and core photos from these holes are shown in Figures 6 and 7: Structural interpretation indicates that the principal mineral shoots in both veins plunge gently - about 20° toward the east-northeast - and remain open up and down plunge (Figures 8 and 9). In combination with the emerging Santo Niño discovery, the Navidad/Winter results reinforce Santa Elena's status as a district-scale, multi-deposit system with significant upside. An aggressive drill program, with nine active rigs currently, is in progress for the remainder of 2025, drilling aims to test the full strike length and depth potential of the new discoveries and to explore for additional mineral deposits. [ This image cannot be displayed. Please visit the source: ] Figure 5: Navidad Vein System Detail. Winter and Navidad Veins. (A) Long-Section of Winter Vein Showing Expansion from Drilling. (B) Plan View of Winter Vein. (C) Long Section of Navidad Vein Showing Expansion from Drilling. (D) Plan View of Navidad Vein. Full Projection, Long Sections Looking North. To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 6: Core Photography of the Winter Vein with Very High-Grade Gold and Silver Mineralization Detected by XRF Analyzer. Hole EW-25-050 Assay Results: 6.81 m at 14.77 g/t Au and 642 g/t Ag (true width). To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 7: Core Photography of the Navidad Vein with High-Grade Gold and Silver Mineralization Detected by XRF Analyzer. Hole EW-25-389 Assay Results: 1.23 m at 2.33 g/t Au and 158 g/t Ag and 3.75 m at 6.06 g/t Au and 103 g/t Ag (true width). To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 8: Winter Vein Long Section Looking Northwest with Significant Intercepts. Green Boundary Represents the Previously Disclosed Inferred Mineral Resource. To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 9: Navidad Vein Long Section Looking Northwest with Significant Intercepts. Green Boundary Represents the Previously Disclosed Inferred Mineral Resource. To view an enhanced version of this graphic, please visit: Table 4: Drilling Summary of Significant Gold and Silver Drill Hole Intercepts at Santo Niño and Navidad Discoveries [This table cannot be displayed. Please visit the source.] Notes: First Majestic's drilling programs follow established Quality Assurance, Quality Control ('QA/QC') insertion protocols with standards, blanks, and duplicates introduced into the sample-stream. After geological logging, all drill core samples are cut in half. One half of the core is submitted to the laboratory for analysis and the remaining half core is retained on-site for verification and reference purposes or for future metallurgical testing. Core samples were submitted to the SGS laboratory (ISO/IEC 17025:2017) and to the First Majestic Central laboratory (Central laboratory) (ISO 9001:2015). At SGS, gold is analyzed by 30 g or 50 g fire assay atomic absorption finish (GE-FAA30V5, GE-FAA50V5). Results above 10 g/t gold are analyzed by 30 g or 50g fire assay gravimetric finish (GO-FAG30V, GO-FAG50V). Silver is analyzed by 3-acid digest atomic absorption finish (GE-AAS33E50). Results above 100 g/t silver are analyzed by 30 g or 50 g fire assay gravimetric finish (GO-FAG37V, GO-FAG57V). At Central laboratory, gold is analyzed by 30g fire assay atomic absorption finish (AU-AA13). Results above 10 g/t are analyzed by 30 g fire assay gravimetric finish (ASAG-14). Silver is analyzed by 3-acid digestion atomic absorption finish (AAG-13). Results above 100 g/t are analyzed by 30 g fire assay gravimetric finish (ASAG-14, ASAG-13). For further information concerning QA/QC and data verification matters, key assumptions, parameters, and methods used by the Company to estimate Mineral Reserves and Mineral Resources, and for a detailed description of known legal, political, environmental, and other risks that could materially affect the Company's business and the potential development of Mineral Reserves and Mineral Resources, see the Company's most recently filed Annual Information Form available under the Company's SEDAR+ profile at and the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at QUALIFIED PERSONS Gonzalo Mercado, P. Geo., the Company's Vice President of Exploration and Technical Services and a 'Qualified Person' as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ('NI 43-101"), has reviewed and approved the scientific and technical information contained in this news release. Mr. Mercado has verified the exploration data contained in this news release, including the sampling, analytical and test data underlying such information. ABOUT FIRST MAJESTIC First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A. First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at at some of the lowest premiums available. For further information, contact [email protected], visit our website at or call our toll-free number 1.866.529.2807. FIRST MAJESTIC SILVER CORP. 'signed' Keith Neumeyer, President & CEO Cautionary Note Regarding Forward-Looking Statements This news release contains 'forward‐looking information' and 'forward-looking statements' under applicable Canadian and U.S. securities laws (collectively, 'forward‐looking statements'). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the full extent of the Santo Niño vein; follow-up drilling planned for 2025; statements relating to potential for grade increase of deposits; potential of drilling programs; and extension of mine life. Assumptions may prove to be incorrect and actual results and future events may differ materially from those anticipated. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as 'seek', 'anticipate', 'plan', 'continue', 'estimate', 'expect', 'may', 'will', 'project', 'predict', 'forecast', 'potential', 'target', 'intend', 'could', 'might', 'should', 'believe' and similar expressions) are not statements of historical fact and may be 'forward‐looking statements'. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: material adverse changes; general economic conditions including inflation risks; labour relations; relations with local communities; changes in national or local governments; exchange rate fluctuations; environmental risks; requirements for additional capital; outcomes of pending litigation; unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations as well as those factors discussed in the section entitled 'Description of Business - Risk Factors' in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. Cautionary Note to United States Investors The Company is a 'foreign private issuer' as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards. Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects. APPENDIX - DRILL HOLE DETAILS Table A15: Drill Hole Collar Location, Sample Type, Azimuth, Dip and Total Depth Notes: To view the source version of this press release, please visit
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21-05-2025
- Business
- Yahoo
First Majestic Announces Voting Results from 2025 Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the voting results for its Annual General Meeting of Shareholders held on Tuesday, May 20, 2025 in Vancouver, British Columbia (the "2025 AGM"). Each of the matters that were voted upon at the 2025 AGM are described in detail in the Company's Management Information Circular dated April 9, 2025 (the "Circular"), which is available on the Company's website at or at A total of 281,059,326 common shares of First Majestic were represented at the 2025 AGM, representing 57.99% of the Company's issued and outstanding common shares as at the record date for the meeting. Shareholders voted in favour of all matters brought before the 2025 AGM, except the non-binding Say on Pay Advisory Vote. The specific voting results were as follows: NUMBER OF DIRECTORS Resolution Votes For % For Votes Against % Against Set the number of directors of the Company at seven 278,420,085 99.08% 2,583,362 0.92% ELECTION OF DIRECTORS Director Nominee Votes For % For Votes Withheld % Withheld Keith Neumeyer 224,054,100 99.23% 1,744,471 0.77% Marjorie Co 224,137,032 99.26% 1,661,538 0.74% Thomas F. Fudge, Jr. 113,883,442 50.44% 111,915,128 49.56% Raymond L. Polman 224,685,632 99.51% 1,112,938 0.49% Colette Rustad 123,790,198 54.82% 102,008,373 45.18% Daniel Muñiz Quintanilla 224,356,034 99.36% 1,442,535 0.64% Ayesha Hira 224,572,081 99.46% 1,226,489 0.54% APPOINTMENT OF AUDITOR Resolution Votes For % For Votes Withheld % Withheld Appoint Deloitte LLP, Independent Registered Public Accounting Firm, as auditor for the Company to hold office until the next Annual General Meeting 267,246,357 95.10% 13,757,109 4.90% The non-binding advisory resolution with respect to the Company's approach to executive compensation as outlined in the Circular was not approved. SAY-ON-PAY (non-binding advisory vote) Resolution Votes For % For Votes Against % Against Advisory resolution to approve the Company's approach to executive compensation 92,599,154 41.01% 133,199,406 58.99% AYESHA HIRA APPOINTED TO FIRST MAJESTIC'S BOARD OF DIRECTORS First Majestic is pleased to welcome Ayesha Hira to the Company's Board of Directors, effective May 20, 2025, following her election as a director at our 2025 AGM. Ms. Hira is a seasoned mining executive with 30 years of experience in the sector. She is currently serving as Interim President & CEO, and Director, of Belo Sun Mining Corp., a TSX-listed gold company. Ms. Hira started her career as a geologist, working on diamond, base metals, and gold exploration projects. She then transitioned into capital markets, working in the global mining teams at CIBC World Markets and RBC Capital Markets with North American, UK, Australian, South African, and European listed mining and steel companies. After sixteen years working in capital markets, Ms. Hira spent nearly four years at Lucara Diamond Corp., a Lundin Group company, where she served as VP, Corporate Development & Strategy, focusing on strategic growth and mergers. In addition to her experience as an executive, Ms. Hira has also held various board positions, previously serving as a board member of Lucara Botswana and Clara Diamond Solutions, as well as being elected to the board of the Responsible Jewellery Council representing the Mining Forum, and being appointed as a committee member with the Natural Diamond Counsel. Ms. Hira is a Chartered Financial Analyst charter-holder with a Bachelor of Science (Honours) in Geology from Queen's University, Canada, and she holds an ICD.D designation from the Institute of Corporate Directors. ABOUT FIRST MAJESTIC First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A. First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at at some of the lowest premiums available. For further information, contact info@ visit our website at or call our toll free number 1.866.529.2807. FIRST MAJESTIC SILVER CORP. "signed" Keith Neumeyer, President & CEO Cautionary Note Regarding Forward Looking Statements This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and United States securities laws (collectively, "forward‐looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the time and place of the 2025 AGM. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are discussed in the section entitled "Description of the Business - Risk Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
