First Majestic Releases 2023 Sustainability Report and Strategy
First Majestic Releases 2023 Sustainability
Report and Strategy
Vancouver, British Columbia--(Newsfile Corp. - May 28, 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 Sustainability Report summarizing the Company's Environmental, Social and Governance ("ESG")
performance for the 2023 calendar year. The Sustainability Report has been drafted primarily in
alignment with the Sustainability Accounting Standards Board ("SASB") reporting standards.
2023 SUSTAINABILITY HIGHLIGHTS
Record Safety Performance:
32% reduction in reportable injuries and 51% reduction in lost-time
injuries, compared to the 2022 calendar year.
Diversity & Inclusion:
22% of new hires in 2023 were women, which is 10% above our current
gender distribution within our workforce and highlights that First Majestic is moving toward greater
female representation within the organization.
Carbon Reduction:
48% reduction in the carbon footprint (Scope 1+2) of each tonne of ore
processed, compared to the 2022 calendar year.
Community Involvement:
Community support and investment projects undertaken in 2023
directly benefit nearly 11,000 people and are available to over 48,000 residents.
ESG Recognition:
Improved our Sustainalytics score from 50.6 in 2022 to 31 in 2023, placing
First Majestic in the top 37% in terms of industry performance.
Also, improved our S&P Global
CSA score from 25 in 2022 to 31 in 2023, placing First Majestic in the top half of industry
performance.
Community Investments:
Invested US$1.3million in our local communities, an increase of 30%
compared to what we invested during the 2022 calendar year. These funds supported projects
such as infrastructure improvements, educational programs, community enrichment activities, and
philanthropic giving.
The 2023 Sustainability Report sets out First Majestic's sustainability strategy, including performance
goals and metrics. This strategy builds on the Company's long history of management practices related
to social and environmental responsibility.
"
Responsible corporate practices have always been a core value for First Majestic, and are essential
to the mining industry as a whole,
" said Keith Neumeyer, President & CEO of First Majestic. "
Through
our forward-facing sustainability strategy and transparent reporting of our responsible performance, we
stand by our values of trust, sustainability, and accountability
."
For further performance data and information about how First Majestic manages sustainability-related
areas of its business, the 2023 Sustainability Report and accompanying documents are available on the
Sustainability Report Hub of the Company's website at
www.firstmajestic.com/sustainability/report-hub/
.
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
, 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/210725