First Majestic Silver : AGM Presentation

2021 Annual General Meeting

Cautionary Disclaimer

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• On March 31, 2020, the Mexican Ministry of Health ordered all mining units to temporarily suspend operations for a period of two months in Q2 2020. First Majestic complied with the decree which resulted in approximately 1.5 million ounces of silver of lost production in 2020.
• The Company has supported its vulnerable workers with paid leave including base pay and medical services as needed. In Q2 2020, approximately 18% of our workers were deemed vulnerable according to the Mexican Government. By the end of 2020, approximately 9% were classified as vulnerable. Today, only 0.5% of our 5,100 Mexican employees are deemed vulnerable.
• The Company continues to follow strict policies and procedures to prevent the spread of COVID-19 at each mine site. This includes social distancing, the cancellation of any non- essential visit to the mines, comprehensive sanitation measures, and pre-screening for virus symptoms.

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$5.0M

USD

New PCR lab in Durango	2

• Produced 11.6 million ounces of silver and achieved the top-end of the Company's revised guidance range of 11.0 to 11.7 million ounces
• La Encantada achieved highest annual silver production since 2014 with 3.5 million ounces of silver produced in 2020
• Record consolidated silver recoveries of 88% during 2020, the highest in the Company's 18-year history
• Successful delivered a new 3,000 tpd HIG mill to San Dimas during the Mexico National pandemic shutdown
• Acquisition of Springpole Silver Stream from First Mining Gold
• Divested the Plomosas Project and Optioned the La Joya Project to third-parties

San Dimas

Santa Elena

La Encantada

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