First Majestic Silver Corp. (T:FR)
Business Focus: Silver Mining
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 1800 - 925 West Georgia Street VANCOUVER BC V6C3L2 |
| Tel: | N/A |
| Website: | https://www.firstmajestic.com |
| IR: | See website |
| Key People | ||
| Keith Neumeyer President, Chief Executive Officer, Director | Ramon Mendoza Vice President - Technical Services | David S. G. Soares Chief Financial Officer |
| Steven C. Holmes Chief Operating Officer | Colin Bower Vice President - Operations, Mexico | Jill Anne Arias Vice President - Corporate Communications and Marketing |
| David Smith Vice President of Human Resources | Mani Alkhafaji Vice President - Business Planning and Procurement | Todd Anthony Vice President - Corporate Development | Karen Liu Vice President - Treasury |
| Business Overview |
| First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena 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. The San Dimas Silver/Gold Mine is located approximately 130 kilometers (km) northwest of Durango, Durango State, Mexico and consists of 71,868 hectares (ha) of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located 150 km northeast of the city of Hermosillo, Sonora, Mexico and controls mining concessions totaling 102,244 ha. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. La Encantada has 4,076 ha of mineral concessions and surface land ownership of 1,343 ha. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, First Majestic Silver Corp revenues decreased 8% to $573.8M. Net loss increased 18% to $135.1M. Revenues reflect Jerritt Canyon segment decrease of 69% to $40.5M, La Encantada segment decrease of 5% to $64.1M. Higher net loss reflects Impairment (reversal of impairment) of n increase from $2.7M (income) to $125.2M (expense), Mine holding costs increase of 85% to $22.1M (expense). |
| Employees: | 3,746 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,775M as of Dec 31, 2023 |
| Annual revenue (TTM): | $786.11M as of Dec 31, 2023 |
| EBITDA (TTM): | $125.05M as of Dec 31, 2023 |
| Net annual income (TTM): | -$185.10M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$124.69M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $93.92M as of Dec 31, 2023 |
| Shares outstanding: | 287,146,715 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
