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FIRST MAJESTIC SILVER CORP

TSX:FRTSX:AG
C$23.75Close 7 Oct 2026 · delayed

Past year: ▲ 32%(17.93 – 43.64 CAD)

Market cap
A$11.67bn
Shares on issue
491m
Story beats
28 since 2015
Last event
19 Dec 2025

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

21 July 2022capital raising announcement▼ BadMajor

First Majestic set up a new at-the-market share sales program of up to US$100 million with BMO Capital Markets and TD Securities, running until June 18, 2023, sold on the NYSE at market prices. It replaces the May 28, 2021 agreement, under which all sales have been completed. The company may sell shares at its discretion, so any sales would dilute existing shareholders; proceeds are intended for developing or improving existing mines and working capital, and the filing does not say any shares have yet been sold under it.

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17 Sept 2020capital raising announcement● NeutralMajor

First Majestic closed the bought deal announced a week earlier, issuing 5,000,000 common shares at CDN$15.60 for gross proceeds of CDN$78 million under an underwriting agreement dated September 14, 2020. Proceeds, with existing cash, are intended to develop mining projects and/or improve existing mines and add to working capital. This resolves the offering thread and increases the share count by 5 million.

What it means for a shareholder

5.0m new shares at C$15.60 to raise about C$78.0m. That's 2.4% dilution: every existing holder's slice gets 2.4% smaller. If you held C$1,000 of shares (64 at the issue price), your slice goes from 0.0000322% to 0.0000314% of the company. To keep it you'd need 2 more shares - about C$31 at the issue price.

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11 Sept 2020capital raising announcement● NeutralMajor

First Majestic announced an underwriter agreed to buy 5,000,000 new common shares at CDN$15.60 each, for gross proceeds of CDN$78 million. The company says it will use the money, with existing cash, to develop and/or improve its existing mines and add to working capital; the offering is Canada-only, under its November 2018 Canadian shelf prospectus, and was scheduled to close by September 17, 2020. The headline names Eric Sprott as the investor, but the text itself only refers to 'an underwriter'. This adds new shares to the count, separate from the earlier US$50M BMO at-the-market program.

What it means for a shareholder

5.0m new shares at C$15.60 to raise about C$78.0m. That's 2.4% dilution: every existing holder's slice gets 2.4% smaller. If you held C$1,000 of shares (64 at the issue price), your slice goes from 0.0000322% to 0.0000314% of the company. To keep it you'd need 2 more shares - about C$31 at the issue price.

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28 Dec 2018capital raising announcement● Neutral

First Majestic signed an at-the-market equity program with BMO Capital Markets, letting it sell common shares from time to time up to US$50 million. It sits under a US$300 million shelf prospectus dated November 5, 2018 and a Form F-10. For shareholders, any shares sold would add to the share count; the excerpt does not say how much will be sold or why the company is raising money.

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