Trade First Majestic Silver Corp. - AG CFD

First Majestic Silver Corp. Company profile

First Majestic Silver Corp. (AG) is a Vancouver, Canada-based mining company engaged in the production, development, exploration, and acquisition of silver and gold mines in North America. 

Keith Neumeyer, the company’s current president and CEO, founded First Majestic Silver in 2002. 

The company has three producing mines in Mexico and one in the US. The Mexico mines are the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. The Jerritt Canyon Gold Mine, which was acquired from Sprott Mining in April 2021, is located in the US, Nevada.

The company owns four non-producing mines because they are suspended: the San Martin Silver Mine, the Del Toro Silver Mine, the La Parrilla Silver Mine and the La Guitarra Silver/Gold Mine, and several exploration-stage projects. 

On 25 May 2022, the company announced that it had agreed to sell its La Guitarra mine in the Temascaltepec mining district, Mexico State, to Sierra Madre Gold & Silver Ltd for $3m. First Majestic Silver will hold 47% of the outstanding shares in the Sierra Madre.

First Majestic Silver has paid dividends for each consecutive quarter from 6 May 2021. Under its policy, a quarterly dividend per common share is targeted to equal approximately 1% of the company’s net quarterly revenues divided by its then outstanding common shares.

First Majestic’s stock is publicly listed on the New York Stock Exchange (NYSE) under the ticker symbol “AG”, on the Toronto Stock Exchange (TSX) under the symbol “FR”, and on the Frankfurt Stock Exchange under the symbol “FMV”. 

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