FULL DISCLOSURE: This is sponsored content for First Majestic Silver.
Two years after our first DD-On-The-Go visit to First Majestic’s (NYSE: AG) (TSX: AG) Santa Elena Mine, the story has changed in a big way. What was already one of the company’s most important operations has now become an even larger growth hub, with two major new discoveries advancing toward development, a mill expansion underway, and permits in hand to begin construction on the next phase of the complex.
In this video, we revisit Santa Elena and break down what has changed since 2024, including the Navidad-Winter and Santo Niño discoveries, the scale of the new resources, the accelerated development timeline, and why First Majestic is now investing to bring both deposits into production. We also look at how Santa Elena fits into the company’s broader portfolio, why this mine may have a much longer future than many expected, and what this next growth phase could mean for silver and gold production in the years ahead.
FULL DISCLOSURE: First Majestic Silver is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Majestic Silver. The author has been compensated to cover First Majestic Silver on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
