First Majestic Silver Reports Massive 50-69% Increase in Mineral Resources, Bolstering Long-Term Value

summarizeSummary

First Majestic Silver announced significant increases in its 2025 mineral reserve and resource estimates, with Measured & Indicated resources up 50% and Inferred resources up 69%, driven by exploration success and higher metal price assumptions.

check_boxKey Events

• Proven & Probable Reserves Increase

  Proven and Probable Mineral Reserves increased by 4% year-over-year to 184.8 million silver-equivalent ounces.

• Measured & Indicated Resources Surge

  Measured & Indicated Mineral Resources jumped 50% year-over-year to 652.8 million silver-equivalent ounces.

• Inferred Resources Jump

  Inferred Mineral Resources increased 69% year-over-year to 592.3 million silver-equivalent ounces.

• New Santo Niño Discovery

  The Santo Niño deposit at Santa Elena added 4.1 million tonnes of Inferred Mineral Resources containing 27.4 million silver-equivalent ounces.

auto_awesomeAnalysis

This 6-K announces highly significant increases in First Majestic Silver's mineral reserve and resource estimates for 2025, with Measured & Indicated resources surging by 50% and Inferred resources by 69% year-over-year. While Proven and Probable reserves saw a solid 4% increase, the substantial growth in the resource categories, particularly the discovery of the Santo Niño deposit adding 27.4 million silver-equivalent ounces, significantly strengthens the company's long-term production potential and asset base. This expansion, driven by successful exploration and favorable metal price assumptions, provides a robust pipeline for future reserve conversion and extends the potential life-of-mine across its operations, including Jerritt Canyon. Investors should view this as a strong positive indicator for the company's future growth and intrinsic value.