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First Majestic Silver Corp. has seen a successful Q3 in 2024, with some remarkable highlights and accomplishing key milestones:

• Higher Silver Equivalent Production: The Company achieved a 4% increase in production from the previous quarter, totaling 5.5 million AgEq ounces. This growth was mainly driven by increased gold production at San Dimas and Santa Elena.
• Continued Active Exploration Program: First Majestic completed 50,020 meters of drilling across its mines in Mexico and the Jerritt Canyon Gold Mine in Nevada, demonstrating a continued commitment to exploration. The presence of 28 active drill rigs across different sites underscores the Company’s dedication to expanding its resource base.
• High-Grade Gold and Silver Discovery: A significant discovery was made with the Navidad system at the Santa Elena property. This new vein system, adjacent to the Ermitaño mine, has become the focal point of exploration efforts with seven out of nine rigs allocated to its drilling.
• Jerritt Canyon Mine Exploration Program Commenced: The exploration program at Jerritt Canyon began in Q3, with a focus on new targets within First Majestic’s vast Nevada land package. This initiative represents the Company’s endeavor to diversify its exploration activities.
• Safety Performance: Maintaining a low Total Reportable Incident Frequency Rate (TRIFR) of 0.50 throughout the quarter emphasizes First Majestic’s commitment to safety and operational excellence.
• San Dimas Hydroelectric Plant, Las Truchas, at Full Capacity: The hydroelectric plant at Las Truchas reached full capacity, thanks to favorable weather conditions. This achievement underscores the Company’s efforts to utilize renewable energy sources efficiently.
• Conversion to Liquefied Natural Gas at San Dimas: First Majestic’s strategic move towards adopting LNG units for backup power at the San Dimas mine highlights its focus on sustainability and cost-effectiveness.
• First Mint Inauguration: The grand opening of First Mint, the Company’s minting facility in Nevada, marked a significant milestone in expanding its production capabilities. The facility’s innovative processes and certification efforts reflect First Majestic’s commitment to quality and growth.

In conclusion, First Majestic Silver Corp.’s Q3 performance demonstrates a strong focus on exploration, operational efficiency, and sustainability. As the Company continues to innovate and expand its footprint, investors can look forward to further advancements and growth in the upcoming quarters.