First Majestic Silver Corp | Company Profile

About The Company

Management of First Majestic is committed to building a senior silver producing mining company based on an aggressive acquisition and development plan with a focus on Mexico.

First Majestic owns three producing silver mines, the La Parrilla Silver Mine, the San Martin Silver MIne & the La Encantada Silver Mine.

The La Parrilla is located conveniently outside the city of Durango. First Majestic commissioned a new 800tpd mill in mid 2007 and is expected to produce close to 2.0 million ounces of Silver at the La Parrilla in 2008.

First Majestic's second operating mine, the San Martin Silver Mine is operating at 800tpd, with an annualized production of approximately of 1.5 million ounces of silver.

First Majestic's third operating mine; the La Encantada Silver Mine also has an 800 tpd mill and is expected to produce close to 2.0 million ounces of silver in 2008. This operation is presently being expanded to 3500 tpd which is anticpated to be fully running at this new capaicty by the second quarter of 2009 bringing annual production up to 3.5 million ounces.

Management feels strongly that investors will continue to witness a dramatic bull market in precious metals over the coming years. For this reason, a focus to continue to develop and increase production at its core assets will continue. In addition, management is determined to expand First Majestic's asset base and thus continues to investigate other interesting advanced stage silver projects in Mexico. With a Management team comprised of proven company and mine builders; shareholders are poised to capitalize on First Majestic's rapid evolution into a world class silver producer.

This map shows where the projects of First Majestic Silver are located:

For more detailed information about the projects, please visit the website of First Majestic Silver!

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