First Majestic Files NI 43-101 Technical Report for the Los Gatos Silver Mine
Original announcement by newsfile on
- Company
- First Majestic Silver Corp.
- Ticker
- AG
- Exchange
- Unavailable
- Region
- Mexico
- Primary commodity
- Silver
- Secondary commodities
- Gold, Copper, Lead, Zinc
- Document categories
- Resource update
- Extracted
- 2026-08-25 20:47:24 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
First Majestic Silver Corp. has filed a NI 43-101 Technical Report for the Los Gatos Silver Mine. The report supports the Mineral Resource and Mineral Reserve estimates effective December 31, 2025, and does not disclose any material changes to previously reported figures.
Reasoning: The document is a formal filing of a technical report that confirms existing resource and reserve estimates without disclosing material changes.
Positive factors
- NI 43-101 compliant
- QP/CP signed
Negative factors
- No material change to previously disclosed estimates
Facts used in scoring: 1
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document is a formal filing of a technical report covering mineral resource and reserve estimates.
Evidence · text
“NI 43-101 Technical Report on Mineral Resource and Mineral Reserve Estimates, Los Gatos Silver Mine”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The report was prepared in accordance with NI 43-101 standards and signed off by Qualified Persons.
Evidence · text
“The Technical Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101")”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Multiple Qualified Persons (P.Geo, P.Eng, etc.) are named as responsible for the resource and reserve estimates.
Evidence · text
“all of whom are employed by First Majestic and are Qualified Persons (as defined under NI 43-101).”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
indicatedsilverHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AG
Resource Data
- Category
- indicated
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-03-31T00:00:00.000Z
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: The report explicitly states it does not disclose material changes to estimates previously disclosed in March 2026.
Negative factors
- Stale data re-release
Evidence · text
“The Technical Report does not disclose any material change to the Mineral Resource and Mineral Reserve estimates previously disclosed in the Company's news release dated March 31, 2026”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.