First Majestic to Resume Operations at La Encantada

TORONTO and NEW YORK, June 02, 2017 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP. (NYSE:AG) (TSX:FR) (the “Company” or “First Majestic”) is pleased to announce that it has reached a tentative agreement with the National Union of Miners, Metallurgists, Steelworkers and Similar Workers of Mexico (National Union), to restart operations at the La Encantada Silver Mine in the state of Coahuila, Mexico. In the coming weeks, the Company will undertake a phased restart of operations.

On May 20th, a rogue group of workers halted activities via an illegal blockade after some of the individuals did not agree with the bonus that the Company and the National Union had previously agreed to offer the miners in lieu of profit sharing. Since then, the Company and the National Union have been working together to find an agreement to the dispute which will be favourable for all parties.

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