First Majestic Completes US$350 Million Offering of Convertible Senior Notes

Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - First Majestic Silver Corp. (FSE: FMV) ("First Majestic" or the "Company") announced today that it has priced its previously announced offering (the "Offering") of unsecured convertible senior notes due 2031 (the "Notes"). The Company intends to issue US$300 million aggregate principal amount of Notes (or US$350 million aggregate principal amount if the over-allotment option is exercised in full). The Notes will be issued at par value. The Company intends to use the net proceeds of the Offering to repurchase, in separate privately negotiated transactions, a portion of its outstanding 0.375% convertible senior notes due 2027 (the "Existing Notes") and for general corporate purposes, including strategic opportunities.

The Notes will bear cash interest semi-annually at a rate of 0.125% per annum. The initial conversion rate for the Notes will be 44.7227 common shares of the Company (the "Shares") per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$22.36 per Share. The initial conversion rate represents a premium of approximately 42.50% relative to yesterday's closing market price of the Shares on the NYSE and is subject to adjustment in certain events.

The Offering is expected to close on or about December 8, 2025, subject to customary closing conditions.

The Notes and the Shares into which the Notes are convertible, have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or qualified by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act and may not be offered or sold in Canada except pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.

This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or the Shares into which the Notes are convertible, and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or the Shares into which the Notes are convertible in any jurisdiction in which such offer, solicitation or sale is unlawful.

ABOUT FIRST MAJESTIC

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.

For further information, contact info@firstmajestic.com or call our toll free number 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer, President & CEO

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements in this news release include, but are not limited to: statements with respect to timing of closing of the Offering, the proposed use of proceeds of the Offering and the repurchase of the Existing Notes. Assumptions may prove to be incorrect and actual results and future events may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. As such, readers are cautioned not to place undue reliance upon guidance and forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved") are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of First Majestic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: failure to satisfy the conditions to closing of the Offering; market demand for the Notes; the willingness of holders of Existing Notes to resell their Existing Notes to the Company; risks related to the integration of acquisitions, as well as those factors discussed in the section entitled "General Development of the Business - Risk Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at www.sec.gov/edgar. Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. First Majestic does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276879

Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - First Majestic Silver Corp. (FSE: FMV) ("First Majestic" or the "Company") announces that it is offering US$300 million aggregate principal amount of unsecured convertible senior notes due 2031 (the "Notes") pursuant to private placement exemptions (the "Offering"). First Majestic expects to grant the initial purchasers of the Notes an option to purchase up to an additional US$45 million aggregate principal amount of Notes. First Majestic intends to use the net proceeds of the Offering to repurchase, in separate privately negotiated transactions, a portion of its outstanding 0.375% convertible senior notes due 2027 (the "Existing Notes") and for general corporate purposes, including strategic opportunities.

The final terms of the Offering will be determined by First Majestic and the initial purchasers. The Notes will bear cash interest semi-annually at a fixed rate and will be convertible by holders into First Majestic common shares (the "Shares"). The Notes will be redeemable by First Majestic at its option in certain circumstances. Holders will have the right to require First Majestic to repurchase their Notes upon the occurrence of certain events.

The Notes and the Shares into which the Notes are convertible, have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or qualified by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act and may not be offered or sold in Canada except pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.

This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or the Shares into which the Notes are convertible, and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or the Shares into which the Notes are convertible in any jurisdiction in which such offer, solicitation or sale is unlawful.

ABOUT FIRST MAJESTIC

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.

For further information, contact info@firstmajestic.com or call our toll free number 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer, President & CEO

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements in this news release include, but are not limited to, statements with respect to: completion of the Offering, the proposed terms of the Offering, the proposed use of proceeds of the Offering and the repurchase of the Existing Notes. Assumptions may prove to be incorrect and actual results and future events may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. As such, readers are cautioned not to place undue reliance upon guidance and forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved") are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of First Majestic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: failure to satisfy the conditions to closing of the Offering; market demand for the Notes; the willingness of holders of Existing Notes to resell their Existing Notes to the Company; risks related to the integration of acquisitions, as well as those factors discussed in the section entitled "General Development of the Business - Risk Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at www.sec.gov/edgar. Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. First Majestic does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276680

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
First Mining Gold             FF      0.42     0.06     16.67     7,069,920 
Highlander Silver           HSLV      4.18     0.53     14.52        88,622 
Endeavour Silver             EDR     13.90     1.71     14.03       900,334 
Fury Gold Mines             FURY     0.855     0.11     14.00       431,880 
Outcrop Silver & Gold        OCG      0.41     0.05     13.89     1,321,833 
Aya Gold & Silver            AYA     19.20     2.20     12.94     1,554,967 
Starcore Intl Mines          SAM       0.7     0.08     12.90       471,003 
Discovery Silver             DSV      7.87     0.85     12.11     2,250,778 
First Majestic Silver         AG     21.23     2.28     12.03     1,715,187 
Eloro Resources              ELO      1.78     0.19     11.95       459,122 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Else Nutrition Holdings     BABY      0.18    -0.03    -14.29       104,370 
NXT Energy Solutions         SFD       0.3    -0.04    -11.76        18,078 
Corus Entertainment Cl B   CJR.B      0.04    -0.01    -11.11       194,363 
Tilray Brands               TLRY      1.16    -0.14    -10.47     4,845,048 
Century Gl Commodities       CNT      0.05    -0.01     -9.09         4,000 
Enthusiast Gaming Hldgs     EGLX      0.05    -0.01     -9.09         8,200 
COSCIENS Biopharma          CSCI      3.01    -0.28     -8.51         2,004 
BriaCell Therapeutics        BCT     13.33    -1.15     -7.91         5,904 
TeraGo                       TGO      0.76    -0.06     -7.32        15,501 
Rogers Sugar                 RSI      6.05    -0.41     -6.35     1,092,818 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data 
 

VANCOUVER, BC / ACCESS Newswire / November 25, 2025 / Orogen Royalties Inc. (formerly 1537944 BC Ltd.) ("Orogen" or the "Company") is pleased to announce robust profitability and strong operating cash flow for the period ended September 30, 2025.

Q3-2025 Highlights

All amounts are in Canadian dollars unless otherwise stated.

• Net Income Before Tax: The Company reported net income before tax of $1.32 million for the quarter ended September 30, 2025, compared to $0.25 million in Q3-2024.

• Net Comprehensive Income: After recording an income tax expense of $0.67 million (Q3-2024 - $0.61 million), the Company posted a net comprehensive income of $0.65 million (Q3-2024 - loss of $0.36 million).

• Royalty Revenue: Royalty revenue totaled $2.3 million (Q3-2024 - $2.1 million), up 9% from the prior year, generated from the sale of 481 attributable gold equivalent ounces ("GEOs") (Q3-2024 - 614 GEOs) at an average realized price of US$3,456 per ounce (Q3-2024 - US$2,474). GEO's reflect a decrease of 28% year-over-year and an increase of 3% quarter-over-quarter.

• G&A Expenses: General and administrative expenses were $1.37 million (Q3-2024 - $1.05 million), up 30% year-over-year. The increase reflects an unrealized foreign exchange loss and additional legal, regulatory, and corporate costs following the July 9, 2025, Plan of Arrangement with Triple Flag Precious Metals.

• Cash flow: Year-to-date cash flow from operating activities was $2.19 million (Q3-2024 - $2.6 million). Excluding changes in non-cash working capital, operating cash flow was $3.2 million (Q3-2024 - $3.14 million), up 3% year-over-year.

• Working Capital: As of September 30, 2025, the Company had working capital of $21.64 million, down from $26.8 million at the beginning of the fiscal year. The Company remains debt-free with no long-term liabilities.

"Year-to-date, we have executed more than six transactions, established five new royalties, and advanced four partner funded alliances, strengthening the foundation of our growth strategy. Our third-quarter results highlight the resilience and scalability of our business model. With a strong working capital position, we are well positioned to expand our royalty portfolio and pursue opportunities that drive sustainable, long-term value for shareholders." said, Paddy Nicol, CEO of Orogen Royalties.

For complete details of the Company's financial results, please refer to the condensed consolidated interim financial statements and MD&A for the nine-month period ended September 30, 2025, and 2024. The Company's filings are available on SEDAR+ at www.sedarplus.ca and on Orogen's website at www.orogenroyalties.com. Please also see non-IFRS Measures at the end of this news release.

Summary of Results

Ermitaño Royalty - Sonora, Mexico

First Majestic Silver Corp. ("First Majestic") operates the Ermitaño gold-silver Mine, where the Company holds a 2.0% net smelter return ("NSR") royalty. For the three-month period ended September 30, 2025, the Company recorded royalty revenue of $2.30 million, up from $2.12 million in the same period in 2024. This revenue reflects the sale of 481 GEOs, compared to 614 GEOs in Q3-2024. During the quarter, 277,858 tonnes of ore were processed, representing a 7% increase compared to Q3-2024. 1 Average head grades declined, with silver at 71 grams per tonne ("g/t") and gold at 2.56 g/t, an increase of 4% and a decrease of 27%, respectively, in line with First Majestic's mine plan. 1,2,3 Recovery rates remained consistently strong, with silver at 65% and gold at 92%, compared to 67% and 94%, respectively, in the prior year. 1

During the quarter, drilling and exploration costs increased by 33% from the same period in 2024, as First Majestic is working to continue to grow and define mineral deposits at Navidad to expand the Mineral Resource and Mineral Reserves base for the Santa Elena operation. 2,3

Qualified Person Statement

All technical data, as disclosed in this press release, has been reviewed and approved by Laurence Pryer, Ph.D., P.Geo. VP Exploration for the Company. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.

Certain technical disclosure in this release is a summary of previously released third-party information and the Company is relying on the interpretation provided. Additional information can be found on the links in the footnotes.

About Orogen Royalties Inc.

Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. The Company is well financed with several projects actively being developed by joint venture partners.

On Behalf of the Board

OROGEN ROYALTIES INC.

Paddy Nicol

President & CEO

To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President of Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.

Orogen Royalties Inc.

1015 - 789 West Pender Street

Vancouver, BC

Canada V6C 1H2

Forward Looking Information

This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.

Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Except where otherwise stated, the disclosure in this news release relating to properties and operations in which Orogen holds a royalty are based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Orogen. Specifically, as a royalty holder and prospect generator, the Company has limited, if any, access to properties on which it holds royalty or other interests in its asset portfolio. The Company may from time to time receive operating information from the owners and operators of the mining properties, which it is not permitted to disclose to the public. Orogen is dependent on, (i) the operators of the mining properties and their qualified persons to provide information to Orogen, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which the Company holds royalty or other interests, and generally has limited or no ability to independently verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some reported public information in respect of a mining property may relate to a larger property area than the area covered by Orogen's royalty or other interest. Orogen's royalty or other interests may cover less than 100% of a specific mining property and may only apply to a portion of the publicly reported mineral reserves, mineral resources and or production from a mining property.

Non-IFRS Measures

The Company has included certain results in this news release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including, total GEOs sold, average realized gold price per GEO, working capital, and cash flow from operating activities excluding changes in non-cash working capital adjustments. The Company's royalty revenue is converted to a gold equivalent ounce by dividing the royalty revenue received during the period by the average gold price of the period. The Company uses certain non-IFRS financial measures, including working capital, calculated as current assets minus current liabilities, to assess short-term liquidity and operational efficiency. This measure does not have a standardized meaning under IFRS and may not be comparable to similar measures used by other companies. The Company also uses operating cash flows excluding changes in non-cash working capital, calculated by adjusting cash provided by (used in) operating activities to exclude changes in non-cash working capital. This provides insight into cash flows from core operations.

References

• https://www.firstmajestic.com/investors/news-releases/first-majestic-produces-7-7-million-ageq-ounces-in-q3-2025-consisting-of-a-record-3-9-million-silver-ounces-and-35681-gold-ounces

• https://www.firstmajestic.com/investors/news-releases/first-majestic-announces-financial-results-for-q3-2025-and--quarterly-dividend-payment

• https://www.firstmajestic.com/_resources/financials/2024-Q4-FS-MDA.pdf?v=081806

SOURCE: Orogen Royalties Inc

View the original press release on ACCESS Newswire

Vancouver, British Columbia--(Newsfile Corp. - November 20, 2025) - First Majestic Silver Corp. (FSE: FMV) (the "Company" or "First Majestic") announces that between September 26, 2025 to November 19, 2025 (inclusive), it sold a total of 1,060,500 common shares ("Shares") of Silver Dollar Resources Inc. ("Silver Dollar") through market sales across the facilities of the Canadian Securities Exchange at an average price of $0.3776 per Share for gross aggregate consideration of $355,592.85 (collectively, the "Sales").

Immediately before commencing the Sales, First Majestic had beneficial ownership of, or control and direction over, 8,051,519 Shares of Silver Dollar, representing approximately 14.19% of the issued and outstanding Shares (as of September 25, 2025) based on 56,752,355 Shares being outstanding as of such date on a non-diluted basis. Following the completion of the Sales, First Majestic now has beneficial ownership of, or control and direction over, 6,991,019 Shares of Silver Dollar, representing approximately 9.50% of the issued and outstanding Shares (as of November 20, 2025) based on 73,609,505 Shares being outstanding as of such date on a non-diluted basis.

The remaining Shares of Silver Dollar owned by First Majestic are held for investment purposes. First Majestic has no current intention of increasing or decreasing its ownership of, or control or direction over, additional securities of Silver Dollar. First Majestic reviews its holdings from time to time and may, depending on market conditions and other factors, increase or decrease its position in Silver Dollar as future circumstances may dictate.

First Majestic's head office is located at Suite 1800 - 925 West Georgia Street, Vancouver, British Columbia V6C 3L2. Silver Dollar's head office is located at 179 - 2945 Jacklin Road, Suite 416, Victoria, British Columbia V9B 6J9.

This news release is being issued in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report regarding the Sales has been filed on the System for Electronic Document Analysis and Review ("SEDAR+") at www.sedarplus.ca under Silver Dollar's issuer profile in accordance with applicable securities laws. To obtain a copy of such early warning report, please contact Darrell Rae, Manager of Investor Relations at First Majestic, toll-free at 1.866.529.2807 (or by e-mail: info@firstmajestic.com) or refer to Silver Dollar's SEDAR+ profile.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275422

Vancouver, British Columbia--(Newsfile Corp. - November 5, 2025) - First Majestic Silver Corp. (FSE: FMV) (the "Company" or "First Majestic") announces that it has today disposed of 17,500,000 common shares (each a "Share") of Sierra Madre Gold and Silver Ltd. ("Sierra Madre") pursuant to a share purchase and sale agreement (and not through the facilities of the TSX Venture Exchange) at a price of CAD$1.33 per Share for gross aggregate proceeds of CAD$23,275,000 (the "Sale").

Immediately prior to giving effect to the Sale, First Majestic held beneficial ownership of, or control and direction over, 69,063,076 Shares of Sierra Madre, representing approximately 37.13% of the issued and outstanding Shares of Sierra Madre on a non-diluted basis. After giving effect to the Sale, First Majestic now holds beneficial ownership of, or control and direction over, 51,563,076 Shares of Sierra Madre, representing approximately 27.72% of the issued and outstanding Shares of Sierra Madre on a non-diluted basis.

All securities of Sierra Madre owned by First Majestic are held for investment purposes. First Majestic has no current intention of increasing or decreasing its ownership of, or control or direction over, additional securities of Sierra Madre. First Majestic reviews its holdings from time to time and may, depending on market conditions and other factors, increase or decrease its position in Sierra Madre as future circumstances may dictate.

All ownership percentages herein are based upon the number of issued and outstanding Shares of Sierra Madre as at November 5, 2025. First Majestic's head office is located at Suite 1800 - 925 West Georgia Street, Vancouver, British Columbia V6C 3L2. Sierra Madre's head office is located at 1455 Bellevue Avenue, West Vancouver, British Columbia V7T 1C3.

This news release is being issued in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report regarding the Sale will be filed on the System for Electronic Document Analysis and Review ("SEDAR+") at www.sedarplus.ca under Sierra Madre's issuer profile in accordance with applicable securities laws. To obtain a copy of such early warning report, please contact Darrell Rae, Manager of Investor Relations at First Majestic, toll-free at 1.866.529.2807 (or by e-mail: info@firstmajestic.com) or refer to Sierra Madre's SEDAR+ profile.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273379