First Majestic Silver Corp. · TSX:AG
First Majestic Silver — Shareholder Meeting (2021)
21 slides from First Majestic Silver's shareholder meeting presentation, 2021
Slide 1: 2021 Annual General Meeting
FIRST MAJESTIC SILVER CORP. 2021 Annual General Meeting
Slide 2: Cautionary Disclaimer
Cautionary Disclaimer FORWARD LOOKING STATEMENT Certain statements contained herein regarding First Majestic Silver Corp. (the “Company’) and its operations constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable
Slide 3: COVID-19 response and impact on 2020 operations
• On March 31, 2020, the Mexican Ministry of Health ordered all mining units to temporarily suspend operations for a period of two months in Q2 2020. First Majestic complied with the decree which resulted in approximately 1.5 million ounces of silver of lost production in 2020. • The Company has sup
Slide 4: $5.0M New PCR lab in Durango
$5.0M USD New PCR lab in Durango 2
Slide 5: 2020 operational highlights by mine
San Dimas • Produced 11.6 million ounces of silver and achieved the top-end of the Company’s revised guidance range of 11.0 to 11.7 million ounces • La Encantada achieved highest annual silver production since 2014 with 3.5 million ounces of silver produced in 2020 Santa Elena • Record consolidated
Slide 6: 2020 Highlights
2020 HIGHLIGHTS Key Performance Metrics 2020 Silver Silver Production Equivalent (M02) Production (M Change Oz) 20 vs ‘19 Operational Ore Processed / Tonnes Milled 2,213,954 2,831,999 3,375,452 (22%) Silver Ounces Produced Silver Equivalent Ounces Produced Cash Costs per Ounce " Allin Sustaining Cos
Slide 7: North American Assets
NORTH AMERICAN ASSETS IN PRODUCTION San Dimas La Encantada J 2 Santa Elena Jerritt Canyon MEXICO @ tek PROJECTS Las Vegas 5 La Parrilla > La Guitarra ® Del Toro 8) San Martin 2 rz, al ex Sapta Elena Silver/Gold Mine FIRST MAJESTIC
Slide 8: Strong Production Growth
STRONG PRODUCTION GROWTH Expected pro forma (w/ Jerritt Canyon) annualized production of 30 to 33 million silver equivalent ounces — Silver Ounces Only 2 a o i} <€ S ° > a wi o 2 a 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Waal FIRST MAJESTIC,
Slide 9: 2021 Capex
2021 CAPEX Includes: $76M – U/G Development $27M – Exploration $50M – PP&E $15M – Corporate Projects Expansionary $112M + Includes $42.1M Sustaining investment at Ermitaño $56M to bring into production 8
Slide 10: Jerritt Canyon overview
N • Located in Elko County, Nevada • Deposit discovered in 1972 and has been in production since 1981 Processing Plant, offices • Produced over 9.7 Moz gold in 40-year production and TSF history • Production currently comes from two underground areas (SSX and Smith) JC • The operation includes one o
Slide 11: Jerritt Canyon opportunities
East and West Roasters • Increase mining rates to fill capacity of processing plant • Ability to create value through significant underground operating experience • Near-term brownfield potential between the SSX and Smith • Exceptional exploration potential property wide • Potential of open pit push
Slide 12: SSX/Smith Development & Exploration Plans
SSX/SMITH DEVELOPMENT & EXPLORATION PLANS SSX Mine Facilities “Purple/Smith” S 4° Smith Mine Facilities ‘ Active Areas: Stope Production, Core Drilling, Drift Development, & Delineation Drilling
Slide 13: 2021E Operational Highlights: San Dimas
2021E Operational Highlights Our lowest cost and Mill Throughput: 2,250 tpd largest producing mine 2021E Production: 7.1M – 8.0M Ag oz (12.9M – 14.4M AgEq oz) 2021E AISC: $11.36 – $12.23 Produces: 100% Doré Quarter End Full Year Q1 2021 Q4 2020 Q1 2020 2020 Silver production (oz) 1,716,143 1,941,286
Slide 14: 2021E Operational Highlights
2021E Operational Highlights Mill Throughput: 2,500 tpd 2021E Production: 2.0M – 2.2M Ag oz (4.3M – 4.8M AgEq oz) 2021E AISC: $16.49 – $17.68 Produces: 100% Doré Quarter End Full Year Q1 2021 Q4 2020 Q1 2020 2020 Silver production (oz) 453,528 418,153 550,133 1,692,761 • Latin America’s first succes
Slide 15: Exploration Upside
Las Chispas Santa Elena Vein Outcropping at the Ermitaño Project Processing Plant Exploration Upside • Large land package of mining claims covering 102,244 Ermitaño Project hectares M&I: 36.1M AqEq oz @ 458 g/t AgEq Inferred: 59.5M AqEq oz @ 307 g/t AgEq • New discovery made at Ermitaño in late 2016
Slide 16: Ermitaño drill results and resources
• Hole 16-04: 9.9 metres grading 1,209 g/t AgEq • Hole 18-47: 13.0 metres grading 547 g/t AgEq • Hole 19-91: 13.0 metres grading 1,003 g/t AgEq • Over 72,270 exploration metres drilled • Drilling 13,900 metres in 2021 • Not subject to Sandstorm stream • System remains open to the East • PFS expected
Slide 17: Ermitaño development progress
Completed: • Surface and earthwork activities, including dual East & West portals and access ramps • Construction of the transmission power line and temporary diesel generation housing facility • Total of 3,745 metres of underground development completed at the end of Q1 2021 Work In Progress: • Pla
Slide 18: Energy cost savings and reduced carbon footprint
Expected to save $8 to $10 million in annual energy costs while also reducing our carbon footprint 23
Slide 19: Analyst production comparison
*Assumes 7 months of production from the Jerritt Canyon Mine in 2021 Source: BMO SilverPages Report – April 9,2021 2021 metal price assumptions: silver: $26.69/oz, gold: $1,786/oz, lead: $0.83lb, zinc: $1.09/lb, copper: $3.46/lb 24
Slide 20: Q&A
Q&A
Slide 21: Thank you for attending our virtual AGM!
Thank you for attending our virtual AGM!