First Majestic Renews Share Repurchase Program

Vancouver, British Columbia–(Newsfile Corp. – March 17, 2022) – First Majestic Silver Corp. (TSX: FR) (NYSE: AG) (FSE: FMV) (“First Majestic” or the “Company”) announces that it has received regulatory consent to extend its share repurchase program (the “Share Repurchase”) pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange (“TSX”) or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company has the ability to repurchase up to 10,000,000 common shares of the Company which represents approximately 3.8% of the 260,181,674 issued and outstanding shares of the Company as of March 9, 2022.

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