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First Majestic plans $75M investment to restart Jerritt Canyon gold mine with production by late 2027

Company Fundamentals
02 Apr 2026
Newsfile Corp
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Bullish
pluang ai news

First Majestic Silver Corp. announced a $75 million investment in 2026 to restart its Jerritt Canyon gold mine in Nevada, aiming to resume production in the second half of 2027. The restart follows an expanded mineral resource base of 4.1 million ounces of gold (Measured and Indicated) plus 3.7 million ounces inferred, supported by successful drilling and favorable gold prices. A pre-feasibility study by Stantec Consulting is underway, focusing on optimizing open-pit and underground mining operations. The company will also upgrade infrastructure, expand exploration, and provide updates throughout 2026.

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