First Majestic Suspends NAFTA Arbitration as Mexico Settlement Framework Agreed
AG sits 68% above its 52-week low of $10.19.
Summary
First Majestic and Mexico have agreed in principle to a framework to settle the legacy tax issue involving subsidiary Primero Empresa Minera. The NAFTA arbitration tribunal has ordered a temporary suspension of proceedings until December 31, 2026, while the parties finalize and implement the settlement. This removes a long-standing legal overhang and signals constructive progress after years of negotiations. The company remains optimistic a final settlement will be concluded by end of 2026, with an option to extend the suspension into Q1 2027 if needed. If no settlement is reached, First Majestic will request the tribunal lift the suspension and resume arbitration.
At the time of this announcement, AG was trading at $17.10 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $8.4B. The 52-week trading range was $10.19 to $32.04. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.