Samsung’s new silver solid-state batteries are poised to revolutionize EVs with an impressive 600-mile range, 9-min full charge, and 20-yr lifespan. Current EV‘s require about 5g of silver. This revolutionary technology requires ~1kg of silver.
First Majestic owns 100% of three producing mines: the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.
The San Dimas Silver/Gold Mine is located approximately 130 km northwest of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. San Dimas is one of the country’s most prominent silver mines and the largest producing underground mine in the state of Durango with over 250 years of operating history. The San Dimas operating plan involves processing ore from several underground mining areas with a 2,500 tpd capacity milling operation which produces silver/gold doré bars. The mine is accessible via a 40-minute flight from the Durango International Airport to the private airstrip in the town of Tayoltita.
The Santa Elena Silver/Gold Mine is located approximately 150 kilometres northeast of the city of Hermosillo, Sonora, Mexico, and controls mining concessions totaling 102,244 hectares. The operating plan for Santa Elena involves the processing of ore in a 3,000 tpd cyanidation circuit from a combination of underground reserves from the Santa Elena complex and the newly commissioned Ermitaño mine which is located only 4km southeast of the mill.
The La Encantada Silver Mine is an underground mine located in the northern México State of Coahuila, 708 kilometres northeast of Torreon. La Encantada has 4,076 hectares of mineral concessions and surface land ownership of 1,343 hectares. La Encantada also has a 4,000 tpd cyanidation plant, a camp with 180 houses as well as administrative offices, laboratory, general store, hospital, airstrip, and all infrastructure required for such an operation. The mine is accessible via a two-hour flight from the Durango International Airport to the mine’s private airstrip, or via an improved road from the closest city, Muzquiz, Coahuila State, which is 225 kilometres away.
Management strongly believes that investors are set to benefit from rising silver prices due to growing industrial and investor demands for silver. For this reason, the Company continues to focus on growing production and the development of its core assets. This growth and development are backed by smart accretive merger and acquisition transactions, industry leading technological advancements and R&D. With an experienced Management team comprised of proven company and mine builders, shareholders are poised to capitalize on First Majestic's exceptional organic growth plans and industry-leading silver exposure. We are a diverse and inclusive organization, committed to socially responsible mining. and strive to become the world’s largest primary silver producer.
