First Majestic Silver (AG) Newsfile·2025-04-01 01:44Core Viewpoint - First Majestic Silver Corp. has achieved record levels of mineral resources and significant year-over-year growth in mineral reserves, primarily driven by strategic mergers and acquisitions, as well as successful exploration programs [2][3]. Group 1: Mineral Resource and Reserve Estimates - As of December 31, 2024, Proven and Probable Mineral Reserves (P&P) increased by 45% year-over-year, totaling 177.6 million AgEq ounces, which includes 86.8 million ounces of silver and 594,000 ounces of gold [3][6][7]. - Measured and Indicated (M&I) Mineral Resources rose by 25% year-over-year, amounting to 434.2 million AgEq ounces, consisting of 135.2 million ounces of silver and 2.9 million ounces of gold [3][10][11]. - Inferred Mineral Resources increased by 23% year-over-year, totaling 350.3 million AgEq ounces, which includes 81.2 million ounces of silver and 2.9 million ounces of gold [4][12][16]. Group 2: Exploration and Acquisition Highlights - The company completed the acquisition of Gatos Silver, which holds a 70% joint venture interest in the Cerro Los Gatos Silver Mine, contributing to the increase in mineral reserves and resources [3][22]. - A total of 182,909 meters of exploration drilling was conducted in 2024, leading to significant discoveries, particularly at Santa Elena and Navidad [2][3]. Group 3: Production Data - In 2024, the total ore processed across the company's mines was 2,686,742 tonnes, with silver production reaching 8,400,797 ounces and gold production totaling 156,542 ounces [5][6]. - The total silver-equivalent produced was 21,655,427 ounces, reflecting the company's operational efficiency and resource management [5][6].