The story
First Majestic was founded in 2002 by president and CEO Keith Neumeyer.
In June 2006 First Majestic acquired First Silver Reserve Inc (initially just a controlling stake and within three months it purchased all remaining interest), owner of the San Martin silver property in central Mexico. In September 2006 it took control of Desmin, the owner/operator of La Encantada (Coahuila, Mexico) in a US$4.75 million deal (ownership of the mine was purchased through Desmin from Industrias Penoles for US$3.25 million). At the time La Encantada produced 800,000 ounces per year operating at 40% of capacity; the mine was First Majestic's third.
According to the stock chart on its website and the company's profile on the Venture Exchange website, it is listed since 2002 but the oldest part of the company goes back as far as 1984 (Brandy Resources Inc).
On March 5, 2009, it graduated to the Toronto Stock Exchange with an initial offering of Cdn$25 million. About a year and a half later it joined the New York Stock Exchange (Dec.23, 2010).
In 2009 First Majestic added a fourth silver project when it acquired Normabec Mining Resources Ltd (completed in September). Initially the deal was thought to have included both Mexico's Real de Catorce mine and Quebec's Pitt Gold Property. However, non-Mexican assets (including Pitt Gold) were spun off into a new company called Bionor Resources Inc, which is now Magna Terra Minerals.
In January 2018 First Majestic acquired Primero Mining and the San Dimas silver-gold mine in Durango, Mexico.
From Wikipedia’s article on First Majestic Silver, shared under CC BY-SA 4.0.8