First Majestic Silver (TSX:AG) Appoints CFO As 2026 Production Outlook Jumps

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• First Majestic Silver (TSX:AG) has appointed Neil Beaumont as its new Chief Financial Officer, bringing experience from global mining and institutional investment roles.

• The company has issued materially higher 2026 production guidance and approved additional capital spending to accelerate work at core assets such as the Santa Elena mine.

• Management has also secured permits and is funding new high grade underground targets, aiming to support future growth initiatives across its portfolio.

First Majestic Silver enters this phase of change with its shares at CA$24.03 and a return of 89.8% over the past year. The stock is up 180.9% over three years and 49.1% over five years, while year to date it has gained 8.9%. Against that backdrop, the combination of fresh financial leadership and expanded mine development plans gives investors new company specific information to weigh alongside the recent share performance.

The appointment of a seasoned CFO and the decision to commit more capital to 2026 production and new underground areas outline how First Majestic Silver is positioning its operations. Investors can now track how Beaumont's capital allocation decisions, the ramp up at Santa Elena, and the newly permitted high grade targets align with the company's longer term value ambitions and risk profile.

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Investor Checklist: First Majestic Silver

Quick Assessment

• ✅ Price vs Analyst Target: At CA$24.03 versus a consensus target of CA$38.75, First Majestic Silver trades about 38% below analyst expectations.

• ✅ Simply Wall St Valuation: The stock is assessed as undervalued, trading 18.3% below an estimated fair value.

• ✅ Recent Momentum: A 30 day return of 9.8% shows positive short term momentum into this CFO change and production update.

There's only one way to know the right time to buy, sell or hold First Majestic Silver. Head to Simply Wall St's company report for the latest analysis of First Majestic Silver's Fair Value .

Key Considerations

• 📊 The combination of a new CFO, higher 2026 production guidance, and fresh capital for Santa Elena and new underground targets gives investors more concrete execution milestones to track for First Majestic Silver.

• 📊 Keep an eye on how capital spending, production volumes, and cash flow evolve against the CA$24.03 share price and the CA$38.75 analyst target after these investments.

• ⚠️ Even with zero flagged risks in this dataset, investors should watch for potential project delays, cost overruns, or permitting constraints that could affect the timing of production plans.