First Majestic offers high-beta silver exposure with operations concentrated in Mexico and now Nevada following the Gatos Silver acquisition. Gatos integration adds high-grade Cerro Los Gatos production with attractive cost profile. Mexican mining law uncertainty continues to weigh on multiple but operational impact has been manageable so far. Production growth pipeline through Ermitano and Santa Elena expansions.
Thesis reviewed May 29, 2026
First Majestic Silver Corp. is headquartered in Canada, which is currently showing moderate signals.
🇨🇦Canada55NEUTRALView Canada risk detail →⛏Mining6WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| AEM | Agnico Eagle Mines Limited | 15 | +18% | ↓90% | EARLY |
| GLEN | Glencore plc | 15 | +17% | ↓90% | EARLY |
| ALB | Albemarle | 15 | +18% | ↓90% | EARLY |
| AA | Alcoa Corporation | 15 | -7% | ↓90% | AVOID |
| AG | First Majestic Silver Corp. | 15 | +13% | ↓90% | EARLY |
| GOLD | Barrick Gold Corporation | 15 | +11% | ↓90% | EARLY |
| RIO | Rio Tinto plc | 15 | +10% | ↓90% | EARLY |
Investors who hold AG may also have indirect exposure through these country funds.
Gatos Silver acquisition closed, immediately accretive
Mexico mining law amendments delayed in Congress
Estimates · Yahoo Finance · Not audited figures
[Senate Hearing 119-68] [From the U.S. Government Publishing Office] S. Hrg. 119-68 Senate Hearings Before the Committee on Appropriations _______________________________________________________________________ Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations …
[House Hearing, 119 Congress] [From the U.S. Government Publishing Office] THE LEGAL BASIS FOR ACTION AGAINST VENEZUELAN DRUG TRAFFICKERS ======================================================================= HEARING BEFORE THE SUBCOMMITTEE ON OVERSIGHT OF THE COMMITTEE ON THE JUDICIARY U…
[Senate Hearing 119-328] [From the U.S. Government Publishing Office] S. Hrg. 119-328 INCREASING DOMESTIC CONSUMPTION OF U.S.-GROWN AGRICULTURAL PRODUCTS ======================================================================= HEARING BEFORE THE COMMITTEE ON AGRICULTURE, …