FULL DISCLOSURE: This is sponsored content for First Majestic Silver Corp.
In this interview, Keith Neumeyer, President & CEO of First Majestic Silver Corp. (NYSE: AG) (TSX: AG), provides comprehensive insights into the silver market and his company’s strategic developments.
Neumeyer begins by discussing silver’s price movement in 2024, ranging from $23 to nearly $35. He analyzes global silver supply-demand dynamics, highlighting significant market deficits and noting that only 1.2 billion ounces remain in inventories, with most allocated to ETFs.
Next, he explains the growing industrial demand for silver, particularly from the automotive and solar sectors, which now consume 40% of annual supply. This structural shift in demand suggests potential long-term support for silver prices.
Neumeyer also discusses recent M&A activity in the silver sector, including First Majestic’s acquisition of Gatos Silver. Looking ahead to 2025, he outlines expectations for production growth and exploration developments at their Santa Elena and San Dimas mines.
FULL DISCLOSURE: First Majestic Silver Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Majestic Silver Corp. The author has been compensated to cover First Majestic Silver Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
