CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022 (UNAUDITED) 925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2 Phone: 604.688.3033 | Fax: 604.639.8873| Toll Free: 1.866.529.2807 | Email: info@firstmajestic.com www.firstmajestic.com Management's Responsibilities over Financial Reporting The condensed interim consolidated financial statements of First Majestic Silver Corp. (the "Company") are the responsibility of the Compan ...

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 (UNAUDITED) 925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2 Phone: 604.688.3033 | Fax: 604.639.8873| Toll Free: 1.866.529.2807 | Email: info@firstmajestic.com www.firstmajestic.com Management's Responsibilities over Financial Reporting The condensed interim consolidated financial statements of First Majestic Silver Corp. (the "Company") are the responsibility of the Company's ma ...

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2023 AND 2022 (UNAUDITED) 925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2 Phone: 604.688.3033 | Fax: 604.639.8873| Toll Free: 1.866.529.2807 | Email: info@firstmajestic.com www.firstmajestic.com Management's Responsibilities over Financial Reporting The condensed interim consolidated financial statements of First Majestic Silver Corp. (the "Company") are the responsibility of the Company's managemen ...

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2 Phone: 604.688.3033 | Fax: 604.639.8873| Toll Free: 1.866.529.2807 | Email: info@firstmajestic.com www.firstmajestic.com Management's Responsibilities For Financial Reporting The consolidated financial statements of First Majestic Silver Corp. (the "Company") have been prepared and are the responsibility of the Company's management. The consolidated financial ...

First Majestic Silver Corp (NYSE:AG) 34th Annual Gold Forum Americas 2022 Conference September 19, 2022 12:40 PM ET Company Participants Keith Neumeyer - CEO Keith Neumeyer Welcome. Good morning. Thanks for coming to my presentation. So we can't get into my presentation without talking about Silver first. Silver production peaked out at about 880 million ounces of production worldwide in 2016. As you can see on this graph, it did drop since then and it's recovered a little bit since COVID, and got down abou ...

Summary of First Majestic Silver Corp. Conference Call Company Overview - **Company**: First Majestic Silver Corp. (NYSE:AG) - **Market Cap**: Approximately $3 billion - **Production**: Aiming to become the largest silver producer globally, currently producing about 800 million ounces of silver annually, with a decline noted since 2016 [1][8] Industry Insights - **Silver Production Decline**: Global silver production has been declining, with a current mining ratio of 7 ounces of silver for every ounce of gold mined, despite a consumption rate of 1 billion ounces of silver per year [1] - **Strategic Metal**: Silver is deemed a strategic metal due to its increasing demand in electronics, electric vehicles, and solar panels [2][3] - **Electric Vehicle Demand**: The electric car industry consumes nearly 100 million ounces of silver annually, with a significant increase expected as governments aim to phase out combustion engines by 2030-2040 [3] - **Solar Panel Consumption**: The solar panel industry also consumes around 100 million ounces of silver each year, contributing to the diminishing above-ground supplies [4] Company Operations - **Mine Portfolio**: First Majestic operates four mines, with three in Mexico and one in Nevada. The recent acquisition of Jerritt Canyon has diversified their portfolio [6][8] - **Production Goals**: The company expects record production in 2021, with further growth anticipated in 2022 due to ongoing investments [8] - **Jerritt Canyon Acquisition**: The acquisition is expected to double gold production from 110,000 ounces to 200,000 ounces by 2024, enhancing operational flexibility [10][11] Financial and Operational Highlights - **Exploration and Development**: The company has 26 rigs in operation, focusing on exploration to maintain and grow production levels [10] - **Cost Management**: The company aims to reduce capital expenditures in 2022 while maintaining production levels, with a focus on improving operational efficiencies [9][12] - **Santa Elena Mine**: Significant improvements have been made, with recovery rates increasing from 65% to 94-96% since acquisition [17][18] Environmental Initiatives - **Energy Transition**: The company has transitioned its last mine from diesel to LNG and is exploring hydrogen technology to further reduce its carbon footprint [21] Conclusion - **Future Outlook**: First Majestic Silver Corp. is positioned for growth with strategic acquisitions, a focus on exploration, and a commitment to sustainability, while navigating the challenges of declining silver production and increasing demand in key industries [4][21]