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First Majestic agrees to sell San Martin Silver Mine in Mexico for $90M in cash payments.

Company Fundamentals
07 Jul 2026
Newsfile Corp
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Bullish
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First Majestic Silver Corp. has signed an agreement to sell its 100% owned San Martin Silver Mine in Jalisco, Mexico, to Flextronics Supply and Service for a total of $90 million. The deal includes an upfront payment of $2.5 million and additional scheduled payments over the next six years, subject to regulatory approval and closing conditions. The mine, which ceased operations in 2019, is part of a larger package including mining concessions in the Jalisco region. The transaction is expected to close in Q4 2026 and allows First Majestic to focus on its other active mining projects in Mexico and the U.S.

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