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First Majestic Releases 2023 Annual Report

Financials

First Majestic Releases 2023 Annual Report

Vancouver, British Columbia--(Newsfile Corp. - May 30, 2024) - First Majestic Silver Corp. (NYSE: AG)

(TSX: AG) (FSE: FMV) (the

"

Company

"

or "First Majestic") is pleased to announce the release of its

2023 Annual Report (the "Report") titled "20 Years. The Silver Evolution". The Report encompasses the

Company's vision and mission, its values, its commitment to achieving its goals, and its 20-year

evolution to becoming one of the world's largest silver producers.

"It is with great pleasure that we release our 20-year anniversary Annual Report, reflecting on the

incredible journey that First Majestic has been on,"

said Keith Neumeyer, President & CEO of First

Majestic.

"Not unlike the silver market, the past two decades have proved both very successful and

challenging for the Company. Yet with each setback, we have come together as a business,

embraced change, and grown into a substantial enterprise in a relatively short amount of time."

The 2023 Annual Report is available on the Reports & Filings section of the Company's website at

www.firstmajestic/annual-reports/2023.com

.

Shareholders may also request a physical copy of the Report, which includes the Company's complete

2023 audited financial statements, by emailing your request to

[email protected]

.

The Report will

be mailed from First Majestic's headquarters free of charge.

ABOUT FIRST MAJESTIC

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and

the United States.

The Company presently 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, U.S.A.

First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion

of its silver production for sale to the public.

Bars, ingots, coins and medallions are available for

purchase online at

www.firstmint.com

, at some of the lowest premiums available.

For further information, visit our website at

www.firstmajestic.com

.

You can contact us by e-mail at

[email protected]

, or by telephone at 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

"signed"

Keith Neumeyer, President & CEO

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" under

applicable Canadian and United States securities laws (collectively, "forward-looking statements").

Often, but not always, forward-looking statements can be identified by the use of words such as "plans",

"expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or

"believes" or variations (including negative variations) of such words and phrases, or state that certain

actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Company to be materially different from

any future results, performance or achievements expressed or implied by the forward-looking

statements.

Factors that could cause actual results to differ materially from those anticipated in these

forward-looking statements are discussed in the section entitled

"Description of the Business - Risk

Factors"

in the Company's most recent Annual Information Form for the year ended December 31, 2023

filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at

www.sedarplus.ca

, and in the Company's Annual Report on Form 40-F for the year ended December 31,

2023 filed with the United States Securities and Exchange Commission on EDGAR at

www.sec.gov/edgar

.

Although the Company has attempted to identify important factors that could cause actual results to differ

materially from those contained in forward-looking statements, there may be other factors that cause

results not to be as anticipated, estimated or intended.

Accordingly, the reader is cautioned not to place

undue reliance on forward-looking statements.

Forward-looking statements contained herein are made

as of the date of this news release and the Company disclaims, other than as required by law, any

obligation to update any forward-looking statements whether as a result of new information, results,

future events, circumstances, or if management's estimates or opinions should change, or otherwise.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/211081