First Majestic Silver Corp. (AG) News & EventsAGNews & EventsFirst Majestic Silver Corp.

Orogen Royalties Partners with First Majestic Silver on Navidad Deposit Development

Orogen Royalties (OGNRF) announced that First Majestic Silver (AG) has received permits for portal construction for the Navidad deposit, where Orogen holds a cash-flowing 2% net smelter return royalty. Significant infill drilling results have also been reported on the Winter vein system that forms part of the Navidad deposit. Highlights: First Majestic has committed an additional $12M to initiate the construction of portals for the Navidad and non-royalty Santo Nino deposits within the Santa Elena/Ermitano mine complex; The additional funding will provide underground access to both areas, support decline and ramp development, and advance hydrogeological studies; Over 7,700 metres in ten holes of a planned 17,000 metre drilling program in 2026 has been completed at Navidad's Winter vein with the following highlight drill holes: EWUG-26-089 grading 23.59 grams per tonne gold and 359 g/t silver over 2.49 metres. EWUG-26-091 grading 3.5 g/t gold and 28 g/t silver over 14.89 metres. EWUG-26-088 grading 11.99 g/t gold and 358 g/t silver over 3.43 metres. "Portal construction at Navidad represents an important development milestone at the Santa Elena/Ermitano mine complex," commented Paddy Nicol, CEO. "According to First Majestic, the smaller Santo Nino deposit has the potential for near-term mining while the larger and higher grade Navidad deposit continues to be drilled and represents one of the key discoveries in the Santa Elena/Ermitano mine area. Both deposits have the potential to materially extend the mine life at Santa Elena. Infill drilling results received to date from Navidad support potential conversion of Inferred Resources to Indicated Resources as well as an increased confidence in volume and grade continuity of mineralized material."

Front-Month Silver Futures Fall Below $60 for First Time in 2026, Silver Stocks Drop

Front-month Silver futures are below $60 per ounce for the first time in 2026, sending shares of Silver-mining companies lower in pre-market trading: Hecla Mining (HL) is down 2.5%, Endeavour Silver (EXK) is down 2.3%, First Majestic Silver (AG) is down 3.6%, Silvercorp (SVM) is down 2.7%, and Avino Silver (ASM) is down 3.6%.

First Majestic Silver Shares Up 3.61%

Mixed options sentiment in First Majestic Silver (AG), with shares up 72c, or 3.61%, near $20.80. Options volume relatively light with 26k contracts traded and calls leading puts for a put/call ratio of 0.84, compared to a typical level near 0.41. Implied volatility (IV30) dropped 0.14 near 78.97,and above the 52wk median, suggesting an expected daily move of $1.03. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: First Majestic Silver (AG) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.