Vancouver, British Columbia–(Newsfile Corp. – October 18, 2022) – First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (“First Majestic” or the “Company”) announces that total production in the third quarter of 2022 from the Company’s four producing operations, the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine, reached a new Company record of 8.8 million silver equivalent (“AgEq”) ounces consisting of 2.7 million ounces of silver and 67,072 ounces of gold. In the first nine months of 2022, the Company has produced 8.1 million ounces of silver and 185,355 ounces of gold for total production of 23.7 million AgEq ounces, or approximately 71% of the Company’s 2022 guidance midpoint of producing 32.6 to 34.6 million ounces. The Company’s financial results for the third quarter of 2022 are scheduled to be released on Wednesday, November 9, 2022.