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]

First Majestic Silver Corp. (NYSE:AG) Acquisition of Jerritt Canyon Conference Call and Webcast March 15, 2021 11:00 AM ET Company Participants Keith Neumeyer - President & Chief Executive Officer Connie Lillico - Corporate Secretary Steve Holmes - Chief Operating Officer Todd Anthony - Vice President, Corporate Development Conference Call Participants Heiko Ihle - H.C. Wainwright Craig Hutchison - TD Securities Ryan Thompson - BMO Operator Thank you for standing by. This is the conference operator. Welcome ...