16 Dec 2025capital raising announcement▲ Good
First Majestic exercised 32,050,228 warrants at $0.20, handing First Mining C$6.4 million. These are the warrants whose terms were amended in March when the silver stream payment was accelerated.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Aug 2025capital raising announcement● NeutralMajor
Closed an upsized $24.4 million private placement, taking the summer's raising to $36.4 million with the July public offering - by far the largest funding round in the cached record, and it comes as gold prices run.
22 July 2025capital raising announcement● NeutralMajor
Closed the over-subscribed public offering: 66,670,000 units at $0.18 for $12.0 million. A higher price than the $0.135 rounds of late 2024.
What it means for a shareholder
66.7m new shares at US$0.180 to raise about US$12.0m. That's 5.8% dilution: every existing holder's slice gets 5.8% smaller. If you held US$1,000 of shares (5,556 at the issue price), your slice goes from 0.000514% to 0.000485% of the company. To keep it you'd need 343 more shares - about US$62 at the issue price.
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15 July 2025capital raising announcement● NeutralMajor
Upsized the public offering to $12 million as part of a combined raise of up to $27 million, through Haywood Securities and a syndicate.
11 Oct 2024capital raising announcement▼ BadMajor
Followed the bought deal two weeks later with an upsized $7.4 million private placement of 54,463,706 units at the same $0.135, adding another 54 million shares.
1 Oct 2024capital raising announcement▼ BadMajor
Closed a C$8.05 million bought deal of 59,629,800 units at $0.135 including the full over-allotment - nearly 60 million new shares, at a price close to the $0.125 of the December 2023 round and half the $0.27 the June 2023 flow-through fetched.
What it means for a shareholder
59.6m new shares at US$0.135 to raise about US$8.1m. That's 5.2% dilution: every existing holder's slice gets 5.2% smaller. If you held US$1,000 of shares (7,407 at the issue price), your slice goes from 0.000686% to 0.00065% of the company. To keep it you'd need 409 more shares - about US$55 at the issue price.
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20 June 2024capital raising announcement● Neutral
Material change report covering the upsized $7 million flow-through placement closed in June 2024.
17 June 2024capital raising announcement● Neutral
Upsized and closed the flow-through placement at about $7 million.
28 May 2024capital raising announcement● Neutral
Announced a flow-through placement of up to $5 million, up to 24,242,424 shares.
What it means for a shareholder
24.2m new shares at about US$0.2063 to raise about US$5.0m. That's 2.2% dilution: every existing holder's slice gets 2.2% smaller. If you held US$1,000 of shares (4,848 at the issue price), your slice goes from 0.000449% to 0.000439% of the company. To keep it you'd need 109 more shares - about US$22 at the issue price.
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10 Jan 2024capital raising announcement● Neutral
Material change report covering the December 2023 close of the upsized $10.8 million placement.
7 Dec 2023capital raising announcement● NeutralMajor
Closed the placement at an upsized $10.8 million across two tranches, priced at $0.125 a unit.
22 Nov 2023capital raising announcement● Neutral
Closed the first tranche of the upsized October placement.
26 Oct 2023capital raising announcement▼ BadMajor
Announced a placement of up to 40,000,000 units at $0.125 for up to $5 million, with insiders including chairman Keith Neumeyer participating. The price is less than half the $0.27 of the June flow-through round four months earlier.
What it means for a shareholder
40.0m new shares at US$0.125 to raise about US$5.0m. That's 4.7% dilution: every existing holder's slice gets 4.7% smaller. If you held US$1,000 of shares (8,000 at the issue price), your slice goes from 0.000997% to 0.00095% of the company. To keep it you'd need 399 more shares - about US$50 at the issue price.
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26 June 2023capital raising announcement● Neutral
Completed a $5 million flow-through placement of 18,518,519 units at $0.27, each with half a warrant.
What it means for a shareholder
18.5m new shares at US$0.270 to raise about US$5.0m. That's 2.3% dilution: every existing holder's slice gets 2.3% smaller. If you held US$1,000 of shares (3,704 at the issue price), your slice goes from 0.000462% to 0.000451% of the company. To keep it you'd need 85 more shares - about US$23 at the issue price.
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2 Sept 2022capital raising announcement● Neutral
Closed the final tranche of the flow-through placement at $0.30 a share, taking it to an upsized $5.3 million.
9 Aug 2022capital raising announcement● Neutral
Announced a $5 million flow-through placement of 16,500,000 shares at $0.30.
What it means for a shareholder
16.5m new shares at US$0.300 to raise about US$5.0m. That's 2.0% dilution: every existing holder's slice gets 2.0% smaller. If you held US$1,000 of shares (3,333 at the issue price), your slice goes from 0.000416% to 0.000407% of the company. To keep it you'd need 69 more shares - about US$21 at the issue price.
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2 July 2020capital raising announcement▲ GoodMajor
Closed the First Majestic silver stream: US$22.5 million payable in three stages for half of Springpole's payable silver production.
6 Mar 2020capital raising announcement● NeutralMajor
Closed the placement at $8.5 million across three tranches, with management and insiders adding to their positions, to fund Springpole permitting and the prefeasibility study.
2 Mar 2020capital raising announcement● Neutral
Upsized and closed a second tranche of $5.1 million, taking the placement to $7.6 million with a third tranche to follow.
14 Feb 2020capital raising announcement● Neutral
Closed the first tranche of the February placement.
6 Feb 2020capital raising announcement● Neutral
Announced a placement of up to $5.0 million with chairman Keith Neumeyer and CEO Dan Wilton among the buyers.
15 Jan 2020capital raising announcement● Neutral
Issued the first tranche of shares to Ausenco, about $750,000 worth, and started the Springpole prefeasibility study - the engineer is now being paid in stock as the work proceeds.
18 Dec 2019capital raising announcement● Neutral
Closed the $2.0 million flow-through financing announced two weeks earlier.
4 Dec 2019capital raising announcement● Neutral
Announced a $2.0 million flow-through placement of 7,405,000 shares at $0.27 to fund exploration.
What it means for a shareholder
7.4m new shares at US$0.270 to raise about US$2.0m. That's 1.3% dilution: every existing holder's slice gets 1.3% smaller. If you held US$1,000 of shares (3,704 at the issue price), your slice goes from 0.000663% to 0.000655% of the company. To keep it you'd need 49 more shares - about US$13 at the issue price.
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11 Sept 2019capital raising announcement● Neutral
Material change report formalising the $15 million at-the-market equity program.
21 Aug 2019capital raising announcement● NeutralMajor
Set up an at-the-market program allowing up to $15 million of shares to be sold into the market at the company's discretion - a standing dilution tap alongside the placements.
21 Aug 2019capital raising announcement● Neutral
The equity distribution agreement with Cantor Fitzgerald Canada behind the $15 million at-the-market program.
24 May 2019capital raising announcement● Neutral
Material change report formalising the upsized $7.41 million placement of units and flow-through units closed on 16 May 2019.
16 May 2019capital raising announcement● NeutralMajor
Raised $7.41 million in an upsized non-brokered placement: 20,412,995 units at $0.27 and 5,277,777 flow-through units at $0.36. A penny-stock price for a company holding several million ounces of gold in the ground.
What it means for a shareholder
20.4m new shares at US$0.270 to raise about US$7.4m. That's 3.5% dilution: every existing holder's slice gets 3.5% smaller. If you held US$1,000 of shares (3,704 at the issue price), your slice goes from 0.000663% to 0.00064% of the company. To keep it you'd need 135 more shares - about US$36 at the issue price.
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