Exploration Success For Navidad At Santa Elena

VANCOUVER - First Majestic Silver Corp. reported on the Navidad discovery at its Santa Elena Silver/Gold Mine in Sonora, Mexico. The drilling completed during the second half of 2024 (H2) significantly expanded the gold and silver mineralization discovered at the Navidad Target, and metallurgical testing of the mineralization revealed that gold and silver metal recoveries are excellent.

"The success at Santa Elena continues," stated Keith Neumeyer, President & CEO. "The exploration program at Navidad during H2 successfully expanded the high-grade gold and silver mineralization of the Navidad discovery, extending mineralization closer to the Ermitaño mine infrastructure. We anticipate continued success at Santa Elena during 2025 as we work to grow and define the mineral deposit at Navidad. We are very excited by the potential of this new discovery, which we believe represents a high-quality opportunity to grow the Mineral Resource and Mineral Reserve base both for the Santa Elena operation and for the Company as a whole."