FR Frankfurt – FMV Mexico ‐ AG First Majestic Appoints New COO and New Member to Board of Directors
FIRST MAJESTIC SILVER CORP.
Suite 1805 – 925 West Georgia Street
Vancouver, B.C., Canada V6C 3L2
Telephone: (604) 688-3033 Fax: (604) 639-8873
Toll Free: 1-866-529-2807
Web site: www.firstmajestic.com; E-mail: [email protected]
NEWS RELEASE
New York – AG February 28, 2017
Toronto – FR
Frankfurt – FMV
Mexico ‐ AG
First Majestic Appoints New COO and New Member to Board of Directors
FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or “First Majestic”) is ple ased to announce
the promotion of Dustin VanDoorselaere, previously Vice President of Operations, to the role of Chief Operating
Officer (COO) beginning March 1, 2017. Mr. VanDoorselaere, an experienced mining engineer, will be responsible
for overseeing all operational functions at each of the Company’s six operating silver mines in Mexico.
Prior to joining First Majestic in November 2016, Mr. VanDoorse laere held the position of General Manager for
Nyrstar, a global metals and mini n g c o m p a n y , a n d w a s r e s p o n s i b le for overseeing all aspects of mining
operations, including legal and government relations, at the El M o c h i t o m i n e i n H o n d u r a s a n d t h e C a m p o
Morado mine in Mexico. Prior to Nyrstar, Mr. VanDoorselaere hel d various operational positions at Goldgroup
M i n i n g a n d A u r i c o G o l d i n M e x i c o . P r i o r t o w o r k i n g i n M e x i c o , Mr. VanDoorselaere held senior operating
positions with Redback Mining in Ghana, Norilsk Nickel in Austr alia, as well as numerous international mining
companies within Canada.
Salvador García, who previously held the COO position since July 2014, has been appointed to the new position
of Country Manager of Mexico and will be responsible for govern ment and stakeholder relations in Mexico. He
will represent First Majestic at various political and social f unctions and will continue to work with
Mr. VanDoorselaere, in a supporting role, to maintain positive relationships federally and in the local and state
regions in which the Company operates.
In addition, First Majestic is also pleased to announce the app ointment of Marjorie Co, effective March 1, 2017,
to the Company’s Board of Directors. Ms. Co brings over 20 years of legal, business and corporate development
experience. She currently provides business development and legal advice for technology‐focused organizations
and start‐up companies. Her previous roles have included being the Director of Strategic Relations at Westport
Innovations and Chief Development Officer at The Proof Centre o f Excellence. Ms. Co was called to the British
Columbia Bar in 1996 and is a Member of the Law Society of Brit ish Columbia. Ms. Co obtained her Master of
Business Administration and Bachelor of Laws degrees from the University of British Columbia, and her Bachelor
of Science degree from Simon Fraser University.
ABOUT THE COMPANY
First Majestic is a mining company focused on silver production in Mexico and is aggressively pursuing the
development of its existing mineral property assets. The Compan y presently owns and operates six producing
silver mines; the La Parrilla Silver Mine, the San Martin Silver Mine, the La Encantada Silver Mine, the La Guitarra
Silver Mine, Del Toro Silver Mine and the Santa Elena Silver/Gold Mine. Production from these six mines is
projected to be between 11.1 to 12.4 million ounces of pure silver or 16.6 to 18.5 million ounces of silver
equivalents in 2017.
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FOR FURTHER INFORMATION contact [email protected], visit our website at www.firstmajestic.com or call
our toll free number 1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
“signed”
Keith Neumeyer, President & CEO
SPECIAL NOTE REGARDING FORWARD‐LOOKING INFORMATION
This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”,
“forecast”, “may”, “schedule” and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or
information relate to, among other things: the price of silver and other metals; the accuracy of mineral reserve and resource estimates and estimates of
future production and costs of production at our properties; estimated production rates for silver and other payable metals produced by us, the estimated
cost of development of our development projects; the effects of laws, regulations and government policies on our operations, including, without limitation,
the laws in Mexico which currently have significant restrictions related to mining; obtaining or maintaining necessary permits, licences and approvals from
government authorities; and cont inued access to necessary infra structure, including, without lim itation, access to power, land , water and roads to carry
on activities as planned.
These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and
estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competit ive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or information and
the Company has made assumptions and estimates based on or rela ted to many of these factors. Such factors include, without lim itation: fluctuations in
the spot and forward price of silver, gold, base metals or certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in the currency
markets (such as the Canadian dollar and Mexican peso versus th e U.S. dollar); changes in national and local government, legis lation, taxation, controls,
regulations and political or economic developments in Canada, Mexico; operating or technical difficulties in connection with mining or development
activities; risks and hazards a ssociated with the business of m ineral exploration, development and mining (including environme ntal hazards, industrial
accidents, unusual or unexpected formations, pressures, cave‐ins and flooding); risks relating to the credit worthiness or fin ancial condition of suppliers,
refiners and other parties with whom the Company does business; inability to obtain adequate insurance to cover risks and haza rds; and the presence of
laws and regulations that may impose restrictions on mining, in cluding those currently enacted i n Mexico; employee relations; relationships with and
claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature
o f m i n e r a l e x p l o r a t i o n a n d d e v e l opment, including the risks of obtaining necessary licenses, permits and approvals from government authorities;
diminishing quantities or grades of mineral reserves as properties are mined; the Company’s title to properties; and the factors identified under the caption
“Risk Factors” in the Company’s Annual Information Form, under the caption “Risks Relating to First Majestic's Business”.
Investors are cautioned against attributing undue certainty to forward‐looking statements or information. Although the Company has attempted to identify
important factors that could cause actual results to differ mat erially, there may be other factors that cause results not to b e anticipated, estimated or
intended. The Company does not intend, and does not assume any obligation, to update these forward‐looking statements or information to reflect
changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable
law.