First Majestic Silver Corp. is pleased to announce that it has entered into a definitive agreement dated December 17, 2025 to sell its 100%-owned past producing Del Toro Silver Mine located in the Municipality of Chalchihuites, Zacatecas, Mexico , to
Sierra Madre Gold and Silver Ltd. for total consideration in cash and shares of up to US$60 million , comprised of upfront consideration of US$30 million payable upon closing of the Transaction, and an additional US$30 million in delayed and contingent consideration. TRANSACTION DETAILS The Agreement provides that, subject to satisfaction and waiver of certain conditions described below, Sierra Madre will acquire all of the issued and outstanding shares of First Majestic Del Toro, S.A. de C.V., a wholly-owned subsidi...