First Majestic Silver (NYSE:AG) is a Canada-based mining company primarily focused on the production and exploration of silver and silver-based minerals. Founded in 2002 and headquartered in Vancouver, British Columbia, the company has established itself as a leading pure-play silver producer, with a portfolio of operating assets and development projects across Mexico. First Majestic’s business model emphasizes the acquisition, expansion and efficient operation of silver mines, complemented by a growing portfolio of precious metal byproducts such as gold, lead and zinc.
The company operates several flagship mines, including the San Dimas Silver-Gold Mine in Durango, the Santa Elena Silver-Gold Mine in Sonora, and the La Encantada Silver Mine in Coahuila. These assets employ both underground and open-pit mining techniques and utilize conventional milling and flotation processes to extract and refine silver and associated metals. First Majestic invests in ongoing exploration programs on adjacent mineral concessions, aiming to extend mine life and increase resource estimates through infill drilling and geophysical surveys.
In addition to its producing properties, First Majestic maintains a pipeline of development-stage projects such as the La Parrilla and Del Toro mines. The company has implemented water conservation, energy efficiency and community engagement initiatives to promote sustainable development, working closely with local stakeholders to support regional infrastructure, education and healthcare programs. Its environmental, social and governance (ESG) framework guides decision-making and ensures operations align with regulatory standards and best practices.
Leadership at First Majestic is spearheaded by President and Chief Executive Officer Keith Neumeyer, who brings extensive experience in mineral exploration and capital markets. The executive team and board of directors combine technical expertise with strategic oversight to navigate commodity cycles and pursue growth opportunities. First Majestic distributes its silver production to refineries and end-users in North America, Europe and Asia, positioning itself as a key supplier in the global precious metals market.
