Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
Company Contact | |
Address: | 1800 - 925 West Georgia Street VANCOUVER BC V6C3L2 |
Tel: | N/A |
Website: | https://www.firstmajestic.com |
IR: | See website |
Key People | ||
Keith Neumeyer President, Chief Executive Officer, Director | Ramon Mendoza Vice President - Technical Services | David S. G. Soares Chief Financial Officer |
Steven C. Holmes Chief Operating Officer | Colin Bower Vice President - Operations, Mexico | Jill Anne Arias Vice President - Corporate Communications and Marketing |
David Smith Vice President of Human Resources | Mani Alkhafaji Vice President - Business Planning and Procurement | Todd Anthony Vice President - Corporate Development | Karen Liu Vice President - Treasury |
Business Overview |
First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada. The San Dimas Silver/Gold Mine is located approximately 130 kilometers (km) northwest of Durango, Durango State, Mexico and consists of 71,868 hectares (ha) of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located 150 km northeast of the city of Hermosillo, Sonora, Mexico and controls mining concessions totaling 102,244 ha. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. La Encantada has 4,076 ha of mineral concessions and surface land ownership of 1,343 ha. |
Financial Overview |
For the fiscal year ended 31 December 2023, First Majestic Silver Corp revenues decreased 8% to $573.8M. Net loss increased 18% to $135.1M. Revenues reflect Jerritt Canyon segment decrease of 69% to $40.5M, La Encantada segment decrease of 5% to $64.1M. Higher net loss reflects Impairment (reversal of impairment) of n increase from $2.7M (income) to $125.2M (expense), Mine holding costs increase of 85% to $22.1M (expense). |
Employees: | 3,746 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,727M as of Dec 31, 2023 |
Annual revenue (TTM): | $785.19M as of Dec 31, 2023 |
EBITDA (TTM): | $124.90M as of Dec 31, 2023 |
Net annual income (TTM): | -$184.89M as of Dec 31, 2023 |
Free cash flow (TTM): | -$124.55M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $93.81M as of Dec 31, 2023 |
Shares outstanding: | 287,146,715 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |