First Majestic Silver Corp.

First Majestic Silver Corp.

First Majestic Silver Corp.

Overview
Date Founded

1979

Headquarters

1066 West Hastings Street,Suite 2600,Vancouver, BC V6E 3X1

Type of Company

Public

Employees (Worldwide)

3,389

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

First Majestic Silver Corp. engages in the business of the production, development, exploration, and acquisition of mineral properties with a focus on silver. It operates through the following segments: Santa Elena, La Encantada, La Parrilla, San Martin, La Guitarra, Del Toro, Coins & Bullion in Canada, and Metal Marketing in Europe. Its operations are within the mining industry and its products include silver dore and silver-lead concentrate. The company was founded by Keith Neumeyer on September 26, 1979 and is headquartered in Vancouver, Canada.

Executives & Employees

Founder

Chief Financial Officer

Chief Transformation Officer

Vice President, Investor Relations

Corporate Secretary

General Manager, Processing Plants

Vice President-Technical Services

Subscribe now to see full list of current and former executives
Board of Directors

Former Vice President-Finance & Corporate Services at British Columbia Lottery Corp.

Founder at First Majestic Silver Corp.

President at Robert A. McCallum, Inc.

Subscribe now to see full list of current and former board members
Paths to First Majestic Silver Corp.
Potential Connections via
Relationship Science
You
First Majestic Silver Corp.
Owners & Shareholders
Details Hidden

Morgan Stanley Canada Ltd. is a broker/dealer located Toronto, Ontario. They are a subsidiary of Morgan Stanley & Co., Inc. Their ultimate parent is Morgan Stanley. (NYSE: MS). The firm provides a full array of trading and execution services for their clients. They do not provide any internal research

Details Hidden

M+W is an active, benchmark-insensitive and conservative investor which manages portfolios invested in global equity, fixed-income, precious metals and raw materials. The firm aims to achieve absolute returns by selecting high quality stocks on global markets.Key elements of M+W's investment process are broad diversification and accurate market timing. The firm follows an anti cyclical investment philosophy and bases decisions on fundamental research.

Details Hidden

Ninepoint Partners, dba SPR & Co., employs a variety equity investment strategies, including growth, core, and value, as well as blended portfolios. Most of their funds focus on specific ranges on the capitalization scale, from micro-capitalization, through small-capitalization and large-capitalization. Other funds focus on investment opportunities in more than one capitalization category or across all capitalization levels. In addition, SPR manages funds that are global, multi-national, or which focus on particular geographic regions or specific countries.SPR engages in fixed income strategies which invest in debt securities issued by governments and corporations. The debt securities may have varying maturity terms, credit worthiness, interest coupon, currency denomination, and other attributes which may affect the value of the debt securities.The firm engages in buy and hold investment strategies in which they buy securities and hold them for a relatively longer period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price.SPR also engages in fundamental value investment strategies that invests in asset-oriented securities they believe are undervalued by the market.SPR offers global macro investment strategies which attempt to anticipate global macroeconomic events using discretionary selection. The firm employs capital growth investment strategies that seek to securities of companies whose earnings the firm expects to grow at an above-average rate compared to the company’s specific industry or the overall market.SPR enters into derivatives transactions: (1) as a form of hedging to offset potential changes in securities which are similar to the underlying interest of the derivative, and (2) for profit. The firm engages in short selling strategies: (1) as a form of hedging to offset potential declines in long positions in similar securities, (2) in order to maintain flexibility, and, (3) for profit.SPR also engages in a long credit strategy for certain clients that primarily invests in senior secured asset-based loans.

Subscribe now to see full details
Recent Transactions
Details Hidden

First Majestic Silver Corp. purchases Primero Mining Corp.

Details Hidden

First Majestic Silver Corp. purchases Santacruz Silver Mining Ltd /El Gachi Property from Santacruz Silver Mining Ltd.

Details Hidden

First Majestic Silver Corp. purchases SilverCrest Mines Inc.

Subscribe now to see full list of recent transations
Transaction Advisors
Legal Advisor

Advised onFirst Majestic Silver Corp. purchases Primero Mining Corp.

Investment Advisor

Advised onFirst Majestic Silver Corp. purchases SilverCrest Mines Inc.

Manager

Advised onFirst Majestic Silver Corp. issued Units

Subscribe now to see 10+ more transaction advisors
Subscribe now to see transaction advisors for over 2.5 million organizations
Clients

Sandstorm Gold finances gold mining projects through an arrangement called gold streaming. A gold stream involves Sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. In exchange for that upfront payment, Sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine, for the life of the mine, at a fixed per unit cost. To give an example, one of Sandstorm’s gold streaming agreements is with a company called Mutiny Gold (ASX-MYG). Mutiny needed capital for the development of its Deflector project in Western Australia. Sandstorm provided US$38 million to Mutiny as an upfront cash payment and in return, received a gold streaming agreement to purchase 15% of the life of mine gold produced from Deflector at US$500 per ounce.

Subscribe now to see clients for over 2.5 million organizations
Subscribe now to see clients for over 2.5 million organizations
Key Stats and Financials As of 2016
Market Capitalization
$1.14B
Total Enterprise Value
$1.56B
Earnings Per Share
$0.07
Revenue
$368M
Net Profit
$11.4M
EBITDA
$142M
EBITDAMargin
38.62%
Total Debt
$69.9M
Total Equity
$834M
Enterprise Value Sales
4.24x
Enterprise Value EBITDAOperating
10.99x
TEVNet Income
137.23x
Debt TEV
0.04x
Three Year Compounded Annual Growth Rate Of Revenue
12.47%
Five Year Compounded Annual Growth Rate Of Revenue
8.8%
Subscribe now to see full financial details
Non-Profit Donations & Grants
$250 - $499
2011
Subscribe now to see non-profit donations & grants for over 2.5 million organizations
Suppliers
Energold Drilling Corp. Oil & Gas | Vancouver, BC

Energold Drilling Corp. (EGD:TSX-V) EGD is one of the largest drilling service companies in the mineral and exploration sector. Founded as an exploration company with a purpose to conduct exploration programs in remote locations with limited infrastructure and access to heavily forested properties, the Company realized the existing mineral drilling technologies and services available in the market were inadequate, and therefore developed a new specialized drilling rig that was highly mobile and would leave a minimal environmental footprint in order to meet the challenges of that particular operating environment. The company has now grown from six drilling rigs in 2006 to over 230 rigs drilling worldwide in 22 countries including the North America, South America, Africa, Asia, Central America as well as the Caribbean and the Middle East. The Company's ability to successfully manage this explosive growth in this highly volatile industry sector can be attributed to a number of key factors: Relentless commitment to ongoing research & development and upgrading its core product offerings frequently, thereby strengthening its competitive advantage resulting in higher than industry operating margins. The adoption of organizational and financial operating principles appropriate for the highly volatile mineral exploration industry and strict adherence to these principles, as demonstrated by the Company's strong balance sheet through market downturns that saw many of its competitors forced into painful re-capitalization processes. Persistent and diligent attention and focus on execution of the literally hundreds of daily tasks inherent in this is very operationally intensive business. In the past two years, Energold embarked on implementing its strategic goal to become a leading international specialty driller, successfully completing three acquisitions: Envirodrill Ltd. (U.K.), Dando International Ltd. (U.K.) and Bertram International Corp. (AB) expanding its international footprint and diversifying its service offering by providing mineral drilling, oilsands drilling and drilling rig manufacturing services to its clientele

Pan American Silver Corporation Non-Energy Mining & Minerals | Vancouver, BC

Pan American Silver Corp. is a silver mining company, which provides investors with the best investment opportunity to gain real exposure to silver prices. It engages in silver mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. Pan American Silver was founded by Ross J. Beaty and John J. Wright in April 1994 and is headquartered in Vancouver, Canada.

Sandstorm Gold Ltd. Consumer Finance | Vancouver, BC

Sandstorm Gold finances gold mining projects through an arrangement called gold streaming. A gold stream involves Sandstorm making an upfront payment to a mining partner that is in need of capital to build their mine, refinance their obligations, complete an acquisition or for various other reasons. In exchange for that upfront payment, Sandstorm receives a contract which stipulates the purchase of a certain percentage of the gold produced from the mine, for the life of the mine, at a fixed per unit cost. To give an example, one of Sandstorm’s gold streaming agreements is with a company called Mutiny Gold (ASX-MYG). Mutiny needed capital for the development of its Deflector project in Western Australia. Sandstorm provided US$38 million to Mutiny as an upfront cash payment and in return, received a gold streaming agreement to purchase 15% of the life of mine gold produced from Deflector at US$500 per ounce.

Subscribe now to see suppliers for over 2.5 million organizations
Competitors
Coeur Mining, Inc. Non-Energy Mining & Minerals - Wilmington, DE

Coeur d’Alene Mines Corporation is a large primary silver producer with growing gold production with assets in the United States, Mexico, Bolivia, Argentina and Australia. Coeur also owns strategic minority shareholdings in eight silver and gold development companies in North and South America. The Palmarejo mine in Mexico, San Bartolomé mine in Bolivia and Rochester mine in Nevada all produce silver and gold in doré form. Coeur’s Kensington gold mine in Alaska produces gold concentrate and the Endeavor mine in Australia produces a concentrate that contains silver. The Company refines its precious metals doré and concentrates using a geographically diverse group of third party smelters and refiners, including clients located in Mexico, Switzerland, Australia, Germany, China and the United States. Coeur markets its doré to credit-worthy bullion trading houses, market-makers and members of the London Bullion Market Association, industrial companies and sound financial institutions. The refined metals are sold to end-users for use in electronic circuitry, jewelry, silverware and the pharmaceutical and technology industries. In 2012, Coeur expects to produce between 18.5 and 19.0 million ounces of silver and between 215,000 and 225,000 ounces of gold. Cash operating costs1 are expected to be approximately $7.50 per silver ounce. The Company expects cash operating costs1 per ounce of gold at Kensington to average approximately $1,350 for the full year 2012

Hochschild Mining Plc Non-Energy Mining & Minerals - London, GL

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with almost 50 years’ operating experience in the Americas. We have a solid asset base, an extensive project pipeline and a clear strategy. We currently operate four underground mines, three located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill. The ore at our operations is processed into silver-gold concentrate or dore. In H1 2012, we produced 6.9 million attributable ounces of silver and 55.9 thousand attributable ounces of gold, a total of approximately 10.2 million attributable silver equivalent ounces. We have a production target of 20.0 attributable silver equivalent ounces for the full year. Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru. In addition, the Group has offices in Argentina, Chile and Mexico and a corporate office in London

Fresnillo Plc Non-Energy Mining & Minerals - Mexico City, DF

Fresnillo plc made its debut on the London Stock Exchange in 2008 following a successful, profitable and decades-long track record as a mining company with proven expertise in the mining value chain, from exploration through to mine development and operation. Our world-class precious metal assets include the largest primary silver mine in the world, in addition we have an exceptional portfolio of development projects and exploration prospects. As the industry faces cyclical challenges, we are confident that our extensive management experience, attractive country environment, low-cost production, commitment to exploration investment throughout the metals cycle, and a financially sound balance sheet have positioned us to thrive over the long term. Our continuous and growing investment in exploration in recent years has resulted in a strong pipeline of projects at all stages of exploration and development, ensuring long-term organic growth and advancing our strategic objectives to produce annually 65 moz of silver and 50 koz of gold by 2018. We are well positioned in the precious metals industry with a low cost production profile, rich resource base, robust growth pipeline and strong cash position. The Group maintains the largest land area of concessions for precious metals exploration and mining in Mexico. Our primary focus in on high potential silver and gold projects that can be developed into low-cost world class mines or cluster of mines. Central to our land acquisition and exploration efforts are community relations. The support of local governments, non-governmental organisations and community leaders in essential to the successful progression of any project. We maintain strict and consistent investment parameters in terms of tonnage, ore grade and production costs, with an eye towards consolidating our mining districts. Projects that meet these criteria are advanced through a disciplined development process. Our business model is dependent on community support and constructive labour relations, sound environmental management and exemplary safety and healthy performance. A core pillar of our strategy is strengthening the Group's sustainability framework. I see our safety performance as the most challenging development of the year and consider our work in reinforcing safety conditions as the single most important effort. That said, I am pleased with our performance in operational efficiency and competitive cash costs, our progress at development sites, and the significant advancement of our growth platform as a result of the increase in total ore resources. We remain committed to identifying and evaluating partnership and acquisition opportunities that align with our strategy and add value. I also believe that our ongoing focus on increasing productivity, containing costs, expanding the resource and reserve base, and strengthening our growth pipeline while investing in our people and communities will create ongoing and sustainable value for our shareholders and all our stakeholders