First Majestic Silver (AG) Agrees to Sell San Martin Mine for $90 Million

3 weeks ago 10

Maham Fatima

Sat, July 11, 2026 astatine 11:00 AM CDT 1 min read

First Majestic Silver Corp. (NYSE:AG) is 1 of the best stocks to put successful nether $100. On July 7, First Majestic Silver announced a definitive statement to merchantability its San Martin Silver Mine successful Jalisco, Mexico, to Flextronics Supply and Service for full proceeds of $90 million. The transaction includes the transportation of each shares of the subsidiary holding the excavation and the associated Jalisco Group of Properties.

The outgo operation consists of an upfront currency outgo of $2.5 million, with the remaining $87.5 cardinal to beryllium paid done a bid of scheduled installments implicit the adjacent respective years. Final payments see yearly milestones starring to a concluding $35 cardinal outgo owed connected August 31, 2032.

First Majestic Silver (AG) Agrees to Sell San Martin Mine for $90 Million

The merchantability remains taxable to customary closing conditions and Mexican Antitrust approval, with the institution expecting the woody to adjacent successful the 4th fourth of 2026. The San Martin operation, a past shaper of metallic and gold, has been held by First Majestic Silver Corp. (NYSE:AG) nether attraction and attraction since July 2019.

First Majestic Silver Corp. (NYSE:AG) acquires, explores, develops, and produces mineral properties successful North America. The institution explores for metallic and golden deposits.

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