First Majestic Silver Corp. (First Majestic) is engaged in acquiring, exploring and developing silver properties and producing silver in Mexico. The Company has five operating mines located in Mexico, two development projects in Mexico, one retail market segment in Canada and one silver trading segment in Europe. Its five producing mines in Mexico include the La Encantada Silver Mine in Coahuila State, the La Parrilla Silver Mine in Durango State, the San Martin Silver Mine in Jalisco State, the La Guitarra Silver Mine in Mexico State and the Del Toro Silver Mine in Zacatecas State. Its two advanced-stage development silver projects include the La Luz Silver Project in San Luis Potosi State, and the Plomosas Silver Project in Sinaloa State. Its three early stage development projects include the Penasco Quemado Silver Project in Sonora State, the La Frazada Silver Project in Nayarit State and the Los Lobos Silver Project in Sonora State.