First Majestic Silver Corp.

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 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 www.firstmint.com, at some of the lowest premiums available.

Management Profile:

Mani Alkhafaji - President & Chief Corporate Development Officer & CEO

Mr. Alkhafaji has over 15 years of experience in finance and mergers and acquisitions. He joined the Company in October 2015 to support the integration of the Santa Elena Mine acquisition and has since held several senior leadership roles, including Vice President of Corporate Development and Investor Relations, Vice President of Business Planning & Procurement, Integration Leader, and Mine General Manager. In his current role, he oversees Corporate Development, Administration, First Mint, Investor Relations, and Sustainability. Prior to joining First Majestic, Mr. Alkhafaji articled with PricewaterhouseCoopers in Vancouver while earning his Chartered Professional Accountant designation.

What are your key goals for the next 3, 6 and 12 months?

3 Months

Increase and optimize production across our four Mexico operations - Los Gatos, San Dimas, Santa Elena, and La Encantada - while continuing exploration across our Mexico and US operations, with a focus on the Santo Nino and Navidad discoveries at our Santa Elena property, our exploration program at Jerritt Canyon in Nevada, and the new high-grade intercept of Coronado vein at San Dimas.

6 Months

Continuing to optimize production and mining across all our operations including increasing throughput rates at our Los Gatos and Santa Elena mines. Additionally, the Company will be focused on meeting production and cost guidance for 2026, updates on continuing exploration programs across the portfolio and specifically at Santa Elena and Jerritt Canyon, and advancing our restart plan for the Jerritt Canyon Gold project in Nevada targeting production by the second half of 2027.

12 Months

The key goals of First Majestic are to grow production profitably through the exploration, development and optimization of our existing mineral properties and acquiring new assets through smart accretive transactions, while lowering costs and investing in R&D to remain an industry leader in innovation and processing technologies. The Company's goal is to become the world's largest primary silver producer.

What do you think makes your company such a compelling investment?

Silver prices rallied again in 2025 along with the Gold price but there is more room to go. Forecasted annual silver consumption worldwide was ~1.2 billion oz in 2025, driven by growth in industrial demand, compared to annual mine production of ~825 million oz. 2026 will be the sixth straight year of deficit according to the Silver Institute. As the world continues running towards a high-tech economy requiring heavy energy consumption, we will need more technologies like AI and additional efficient energy production and storage like EV batteries and photovoltaic solar panels, that utilize silver.

First Majestic boasts industry-leading trading liquidity and leverage to silver with production guidance of up to 14.4 million ounces of silver and up to 129k ounces of gold for 2026, with about 58% of revenues from silver and 33% from gold. Furthermore, First Majestic has 266,000m of exploration planned in 2026 across our four projects, and another 42,000m including Jerritt Canyon. This has led to some promising discoveries such as the new high-grade gold and silver discovery, Santo Nino, at our Santa Elena property. 2025 was a transformational year for First Majestic on the back of optimizations at San Dimas and the acquisition and integration of Los Gatos in January. Looking forward, revenue and earnings growth is anticipated over the next few years, and combined with our strong balance sheet, position the company and its shareholders well to capitalize on the high price of silver.