First Majestic Silver Corp. is a Canadian silver mining company that operates in Mexico. The Company has five producing mines under its control; the La Encantada Silver Mine, the La Parrilla Silver Mine, the San Martin Silver Mine, the La Guitarra Silver Mine (acquired in July 2012) and the recently inaugurated Del Toro Silver Mine. First Majestic also produces and sells its own bullion rounds and bars (others like Pan American Silver Corp. produce and market bullion through private mints).

According to the Company, production from its five mines is anticipated to be between 12.3 to 13.0 million ounces of silver equivalents or 11.1 to 11.7 million ounces of pure silver in 2013.

First Majestic Silver Corp. (NYSE: AG) is a Canadian-based mining and exploration company focused on the production of silver. It is one of the world's leading primary silver producers and is engaged in the exploration, development, and production of silver projects in Mexico. The company owns and operates five producing silver mines, including the San Dimas, Santa Elena, La Encantada, La Parrilla, and Del Toro, as well as a number of development projects. First Majestic was founded in 1979 and is headquartered in Vancouver, Canada. The company has a market capitalization of $1.7 billion as of October 2020 and is listed on the New York Stock Exchange.

The company has a diversified portfolio of silver projects, including the San Dimas, Santa Elena, La Encantada, La Parrilla, and Del Toro. San Dimas is the company's largest producing mine and is located in Durango, Mexico. It is the second-largest silver mine in Mexico, producing approximately 10 million ounces of silver in 2019. Santa Elena is located in Sonora, Mexico, and is the company's second-largest producing mine, producing approximately 6 million ounces of silver in 2019.

First Majestic also has a number of development projects, including the La Guitarra, San Martin, and El Cajon projects. La Guitarra is located in the state of Mexico and is the company's most advanced development project. It is expected to begin production in 2021. San Martin is located in the state of Chihuahua and is expected to begin production in 2022. El Cajon is located in the state of Durango and is expected to begin production in 2023.

First Majestic has a strong commitment to sustainability and is committed to minimizing its environmental impact. The company has implemented a number of initiatives to reduce its environmental footprint, including the use of renewable energy sources, water conservation, and waste management.

First Majestic is well-positioned to benefit from the increasing demand for silver and is well-positioned to capitalize on the growing global silver market. The company has a strong balance sheet and is well-positioned to continue to grow its production and expand its portfolio of projects.

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