First Majestic’s Silver Surge: Gatos Acquisition and Navidad Discovery with Mani Alkhafaji

In this interview at the Precious Metals Summit 2024, Mani Alkhafaji, VP of Corporate Development & IR of First Majestic Silver Corp. (NYSE: AG, TSX: AG, FSE: FMV), provides insights into the company’s recent activities and future plans. 

Alkhafaji discusses First Majestic’s recent acquisition of Gato Silver, explaining how this fits into the company’s long-standing M&A strategy that has driven growth over its 20-year history. He details the expected synergies from this acquisition, highlighting its potential impact on production.

Alkhafaji touches on First Majestic’s geographic focus, which remains primarily in Mexico. He candidly discusses recent operational challenges at the San Dimas and La Encantada mines and outlines the steps being taken to resolve these issues. He also highlights a new discovery, Navidad, near the Ermitaño mine. This discovery shows promising potential and could represent a significant opportunity for future growth.

Looking ahead, Alkhafaji outlines key events for investors to watch, including the closing of the Gato Silver deal, ongoing exploration results, and the upcoming 2025 guidance.

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First Majestic Silver Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long on First Majestic Silver Corp.’s equity. The author has been compensated to cover First Majestic Silver Corp. on The Deep Dive, with The Deep Dive maintaining full editorial control. This is not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always conduct additional research and consult a professional before purchasing any security.