First Majestic Silver Closes US$60M Del Toro Mine Sale, Receives US$20M Cash & Sierra Madre Shares

summarizeSummary

First Majestic Silver Corp. finalized the sale of its Del Toro Silver Mine, receiving US$20 million cash and an equity stake in Sierra Madre Gold and Silver, with potential for up to US$30 million in additional milestone payments.

check_boxKey Events

• Del Toro Mine Acquisition Closed

  Sierra Madre Gold and Silver Ltd. completed the acquisition of First Majestic's Del Toro Silver Mine, previously announced on December 17, 2025.

• Upfront Consideration Received

  First Majestic received US$20 million in cash and 10,870,000 common shares of Sierra Madre, valued at $1.30 CAD per share (approximately US$10.3 million).

• Potential Milestone Payments

  The deal includes up to US$30 million in additional payments contingent on future resource expansion and production milestones at Del Toro.

• Strategic Divestment

  First Majestic divests a past-producing asset, gaining capital and reducing future development costs, while retaining a significant equity interest in Sierra Madre (24.77%).

auto_awesomeAnalysis

First Majestic Silver Corp. has completed the sale of its Del Toro Silver Mine to Sierra Madre Gold and Silver Ltd. for an upfront consideration of US$20 million in cash and approximately US$10.3 million in Sierra Madre shares. The deal includes potential future milestone payments of up to an additional US$30 million. This transaction allows First Majestic to divest a past-producing asset, providing immediate capital and reducing future development obligations, while retaining an equity stake in the asset's future through its ownership in Sierra Madre.