Core Insights - Gold and silver have reached historic highs, with gold surpassing $4,500 an ounce and silver exceeding $75 for the first time, driven by expectations of Federal Reserve rate cuts, a declining US dollar, and rising global tensions [1][10][16] Market Performance - Gold has increased approximately 73% for the year, marking its strongest annual performance since 1979, while silver has surged by 150% to 160%, significantly outpacing gold's gains [4][16] - Spot gold reached a record high of $4,530.60 an ounce earlier in the session before stabilizing above the $4,500 mark [2][14] Economic Factors - The anticipated pivot of the Federal Reserve towards an easing cycle, including interest rate cuts, has reduced the opportunity cost of holding non-yielding assets like gold, making it more attractive compared to bonds and cash [5] - A weaker US dollar has further enhanced gold's appeal, making it cheaper for international buyers and driving global demand [5] Geopolitical Influences - Increased safe-haven buying has been observed due to rising geopolitical risks, including tensions in Venezuela, instability in the Middle East, the war in Eastern Europe, and recent US military actions in Nigeria [6] Central Bank Activity - Central banks, particularly in China, India, and Poland, have aggressively accumulated gold, purchasing over 1,000 metric tons for the third consecutive year, indicating a strategic shift to diversify reserves away from the dollar [12]

Market Trends - Silver traders are rapidly transporting silver bars to London via planes [1] - The reason for this rush is to avoid an unprecedented short squeeze [1]

Core Points - First Majestic Silver Corp. held its Annual General Meeting of Shareholders on May 20, 2025, in Vancouver, British Columbia, where all matters were approved except for the non-binding Say on Pay Advisory Vote [1][2]. Voting Results - A total of 281,059,326 common shares were represented at the meeting, accounting for 57.99% of the issued and outstanding shares [2]. - The resolution to set the number of directors at seven received 99.08% approval [2]. - The election results for individual directors were as follows: - Keith Neumeyer: 99.23% approval - Marjorie Co: 99.26% approval - Thomas F. Fudge, Jr.: 50.44% approval - Raymond L. Polman: 99.51% approval - Colette Rustad: 54.82% approval - Daniel Muñiz Quintanilla: 99.36% approval - Ayesha Hira: 99.46% approval [3]. Appointment of Auditor - Deloitte LLP was appointed as the independent auditor for the Company, receiving 95.10% approval [4]. Say-on-Pay Advisory Vote - The advisory resolution regarding the Company's executive compensation approach was not approved, with 41.01% voting in favor and 58.99% against [5]. New Board Member - Ayesha Hira was appointed to the Board of Directors effective May 20, 2025, bringing 30 years of mining industry experience [6][7]. Company Overview - First Majestic is focused on silver and gold production in Mexico and the United States, operating four underground mines in Mexico and holding a portfolio of development and exploration assets [9].

Core Points - First Majestic Silver Corp. is holding its Annual General Meeting of Shareholders (2025 AGM) on May 20, 2025, at 10:00 a.m. Pacific Time in Vancouver, British Columbia [1] - The Board of Directors recommends shareholders vote FOR all resolutions presented at the 2025 AGM [2] - The record date for voting eligibility was March 31, 2025, and shareholders are encouraged to vote before the proxy voting deadline on May 15, 2025, at 10:00 a.m. Pacific Time [2] Voting Information - Registered shareholders unable to attend the 2025 AGM can submit a signed proxy form to Computershare by mail, courier, or fax by the specified deadline [3] - Non-registered shareholders can participate in the 2025 AGM through a proxyholder or intermediaries and may have options to vote by telephone or online [4] - Kingsdale Advisors has been retained to assist shareholders with voting, providing contact information for support [5] Company Overview - First Majestic is a publicly traded mining company focused on silver and gold production, operating four underground mines in Mexico and holding development and exploration assets in the U.S. [9] - The company operates its own minting facility, First Mint, LLC, offering silver products for sale to the public [10]