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First Majestic was founded in 2002 by president and CEO Keith Neumeyer. In June 2006 First Majestic acquired First Silver Reserve Inc (initially just a controlling stake and within three months it purchased all remaining interest), owner of the San Martin silver property in central Mexico. In September 2006 it took control of Desmin, the owner/operator of La Encantada (Coahuila, Mexico) i
With several hours remaining before deadline, First Majestic Silver finally decided to put an end to the suspense. In a press release Tuesday evening, the silver and gold miner announced that ...
Canada's First Majestic Silver Corp will pursue all legal avenues including those under international law in a prolonged dispute with Mexico over taxes, unless it can reach an amicable settlement ...
First Majestic Silver (AG) is suspending operations thanks to the restrictions imposed by the Mexican government to combat the spread of the coronavirus.
La Luz Silver Project is a proposed mining venture in the Real de Catorce Desert, San Luis de Potosi, Mexico, by Canadian mining company First Majestic Silver.. The project has been met with opposition from groups including the Wixakari, or Huichol tribe, as well the Wirikuta Defense Front.
Later on June 9, 2001 it was declared as a National Sacred Site under the State of San Luis Potosí's Natural Protection act. Canada's First Majestic Silver Corp purchased underground mineral rights on November 13, 2009 with 80% of the purchased mineral rights being within the protected zone. On September 12, 2013 Mining Plans have been suspended.
First Majestic (AG) has entered into an agreement with Metalla to sell eight precious metals royalties for a deal value of $20 million.
Gold mining is a major industry in the U.S. State of Nevada.In 2020 mining overall contributed $9.5 billion to the state's economy, $8.4 billion from gold and silver mining (all silver produced in Nevada is as a by-product from gold mining).