First Majestic Silver Reports First Quarter Financial Results, Inaugural Dividend Payment, and Appointment of VP Operations

Vancouver, British Columbia–(Newsfile Corp. – May 6, 2021) – First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the “Company” or “First Majestic”) is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31, 2021. The Company has also adjusted its cost reporting to reflect cash costs and all-in sustaining cost per ounce (“AISC”) on a per silver equivalent ounce (“AgEq”) basis compared to previous disclosure of only payable silver ounces. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s website at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.

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