View settings100% · M+I+I · Resources excl. reserves · Native commodities

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Display scale

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Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

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TSX:AG

First Majestic Silver Corp.

UnverifiedRecently updated

Au Resources (excl. Reserves): 9.88 Moz

Au Reserves: 0.62 Moz

As at 31 Dec 2025

Also listed as NYSE:AG — one group: the R&R below combines all listings, freshest disclosure per classification.

Market data

Share price

C$30.11

as at 27 Aug 2026

Market cap

C$14.84B

Enterprise value

C$13.57B

net debt −US$917M

EV / Au Resource oz

C$1,374/oz

EV / Au Reserve oz

C$21,788/oz

Figures in the issuer's listing currency (CAD); net debt is converted from the reporting currency where it differs. Prices and fundamentals sync daily from Yahoo Finance.

Current R&R by category

Every metal First Majestic Silver Corp. reports, one column each, in its own native unit — figures are never summed across columns.

Category	Au (Moz Au)	Ag (Moz Ag)	Cu (Mt Cu)	Zn (Mt Zn)	Pb (Mt Pb)
Measured	2.35 Moz	52.81 Moz	2.77 kt Cu	0.13 Mt Zn	0.07 Mt Pb
Indicated	2.94 Moz	123.49 Moz	0.03 Mt Cu	0.44 Mt Zn	0.25 Mt Pb
Inferred	5.19 Moz

Projects

Current Au totals per project (100% basis). Projects that don't report Au stay listed, with "—" figures. Open a project for the per-category and per-area split.

Project	Reserves (Au)				Resources (Au)
Project	Proved	Probable	Total (Moz Au)	Grade (g/t Au)	Measured

Source documents

First Majestic Files NI 43-101 Technical Report for the Los Gatos Silver Mine25 Aug 2026
First Majestic Announces 2025 Mineral Reserve and Mineral Resource Estimates31 Mar 2026
40-F: FORM 40-F — exhibit99-1.htm (AIF exhibit)31 Mar 2026
40-F: FORM 40-F31 Mar 2026
40-F: FORM 40-F01 Apr 2025
40-F: FORM 40-F02 Apr 2024
40-F: FORM 40-F31 Mar 2023
40-F: FORM 40-F31 Mar 2022
40-F: FORM 40-F

Del ToroAg+Ag+Zn+Pb	—	—	—	—	—	0.01 Moz	0.01 Moz	0.02 Moz	0.24 g/t
Jerritt Canyon	—	—	—	—	1.91 Moz	2.19 Moz	3.66 Moz	7.76 Moz	2.39 g/t
La EncantadaAg+Ag	—	—	—	—	—	—	—	—	—
Los GatosAg+Ag+Cu+Zn+Pb	0.02 Moz	0.06 Moz	0.08 Moz	0.19 g/t	0.03 Moz	0.07 Moz	0.03 Moz	0.05 Moz	0.33 g/t
San DimasAg+Ag	0.12 Moz	0.17 Moz	0.29 Moz	2.43 g/t	0.27 Moz	0.28 Moz	0.49 Moz	0.75 Moz	3.34 g/t
San MartinAg+Ag	—	—	—	—	0.9 koz	0.02 Moz	0.03 Moz	0.05 Moz	0.41 g/t
Santa Elena+Ag	0.08 Moz	0.17 Moz	0.25 Moz	1.25 g/t	0.14 Moz	0.37 Moz	0.97 Moz	1.25 Moz	1.66 g/t