First Majestic Silver (AG) Receives Construction Permits for Santa Elena Mine Expansion

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Maham Fatima

Sun, July 12, 2026 astatine 12:26 PM CDT 1 min read

First Majestic Silver Corp. (NYSE:AG) is 1 of the stocks acceptable to detonate successful the adjacent 2 years. On June 25, First Majestic Silver Corp. announced that it had received operation permits for the Santo Niño and Navidad portals astatine its Santa Elena excavation successful Mexico. To enactment these developments, the institution plans to put an further $12 cardinal passim the twelvemonth to accelerate underground entree and hole the Santo Niño task for near-term mining operations.

The announcement follows affirmative infill drilling results from some vein systems, which person returned important metallic and golden intercepts. These findings person outperformed archetypal models, confirming high-grade mineralization that supports First Majestic Silver Corp.'s (NYSE:AG) efforts to person inferred mineral resources into indicated resources for aboriginal excavation planning.

First Majestic Silver (AG) Receives Construction Permits for Santa Elena Mine Expansion

First Majestic Silver (AG) Receives Construction Permits for Santa Elena Mine Expansion

Management expects these targets to go large contributors to the Santa Elena site, with the imaginable to materially widen the mine's wide lifespan. Ongoing enactment continues to absorption connected assets conversion and infrastructure enlargement to presumption some areas arsenic halfway components of the aboriginal accumulation schedule.

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

While we admit the hazard and imaginable of AG arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. If you are looking for an AI banal that is much promising than AG and that has 10,000% upside potential, cheque retired our study astir the cheapest AI stock.

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