Form 40-F

The report says First Majestic produced 31,060,764 silver-equivalent ounces and recorded revenues of $1,257.2 million in 2025. Its January acquisition of Gatos added a 70% joint venture interest in the Los Gatos mine. The company also reported the Santo Niño high-grade gold and silver vein discovery at Santa Elena, with subsequent drilling expanding the mineralized footprint.