First Majestic Silver (AG) Announces Restart Plan for Jerritt Canyon Gold Mine

First Majestic Silver Corp. (NYSE:AG) is 1 of the champion Canadian stocks to bargain for agelong term. On April 2, First Majestic Silver announced a ceremonial restart program for the Jerritt Canyon Gold Mine successful Nevada, with accumulation targeted to statesman successful H2 2027. The determination follows a important enlargement of the mine’s Mineral Resource base, which present includes 4.1 cardinal ounces of golden successful the Measured and Indicated categories and 3.7 cardinal ounces of Inferred resources.

Supported by precocious golden prices and palmy drilling results implicit the past 2 years, the institution has engaged Stantec Consulting Services to implicit a pre-feasibility survey by precocious 2026 to optimize a excavation program that combines existing underground operations with caller bulk-tonnage open-pit opportunities. To facilitate the restart, First Majestic has committed $75 cardinal successful superior concern for 2026. This fund covers the procurement of an archetypal mining fleet, works upgrades and winterization, and the rehabilitation of the Smith and SSX underground mines.

Additionally, the institution plans to behaviour 42,000 meters of drilling successful 2026, divided betwixt underground enlargement and aboveground drilling aimed astatine defining near-surface open-pit resources. These method and operational workstreams are designed to modulation the excavation from its existent care-and-maintenance presumption backmost into a high-value, owner-operated accumulation hub.

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

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