First Majestic Produces 3.5 Million Silver Equivalent Ounces from Partial Operations in Second Quarter; Updates 2020 Guidance & Announces Conference Call Details

FirstMejestic_15072020

Vancouver, BC, Canada ‐ First Majestic Silver Corp. (“First Majestic” or the “Company”) announces total production in the second quarter of 2020 reached 3.5 million silver equivalent ounces consisting of 1.8 million ounces of silver and 15,764 ounces of gold. Quarterly production was impacted following Mexico’s Ministry of Health’s Federal Decree requiring all non‐essential businesses, including mining, to temporarily suspend activities throughout most of April and May in response to the global pandemic. Despite having limited operations in the quarter, total production was better than expected due to a slower ramp down at San Dimas compared to the other mining units. In the first half of 2020, the Company has produced a total of 9.7 million
silver equivalent ounces consisting of 5.0 million ounces of silver and 47,967 ounces of gold.

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