First Majestic Silver Corp.

TSX:AG Stock Report

Market Cap: CA$2.4b

First Majestic Silver Management

Management criteria checks 2/4

First Majestic Silver's CEO is Keith Neumeyer, appointed in Sep 1979, has a tenure of 45.25 years. total yearly compensation is $4.83M, comprised of 26.1% salary and 73.9% bonuses, including company stock and options. directly owns 1.41% of the company’s shares, worth CA$34.30M. The average tenure of the management team and the board of directors is 3.6 years and 3.8 years respectively.

Key information

Keith Neumeyer

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage26.1%
CEO tenure45.3yrs
CEO ownership1.4%
Management average tenure3.6yrs
Board average tenure3.8yrs

Recent management updates

Recent updates

First Majestic Silver (TSE:AG) Is Making Moderate Use Of Debt

Nov 09
First Majestic Silver (TSE:AG) Is Making Moderate Use Of Debt

Revenues Not Telling The Story For First Majestic Silver Corp. (TSE:AG) After Shares Rise 38%

Oct 06
Revenues Not Telling The Story For First Majestic Silver Corp. (TSE:AG) After Shares Rise 38%

First Majestic Silver Corp. (TSE:AG) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

Aug 08
First Majestic Silver Corp. (TSE:AG) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

Here's Why First Majestic Silver (TSE:AG) Can Afford Some Debt

Jul 19
Here's Why First Majestic Silver (TSE:AG) Can Afford Some Debt

First Majestic Silver Corp.'s (TSE:AG) Share Price Not Quite Adding Up

Jun 13
First Majestic Silver Corp.'s (TSE:AG) Share Price Not Quite Adding Up

Investors Still Aren't Entirely Convinced By First Majestic Silver Corp.'s (TSE:FR) Revenues Despite 27% Price Jump

Mar 15
Investors Still Aren't Entirely Convinced By First Majestic Silver Corp.'s (TSE:FR) Revenues Despite 27% Price Jump

First Majestic Silver Corp.'s (TSE:FR) Shareholders Might Be Looking For Exit

Dec 18
First Majestic Silver Corp.'s (TSE:FR) Shareholders Might Be Looking For Exit

Would First Majestic Silver (TSE:FR) Be Better Off With Less Debt?

Nov 09
Would First Majestic Silver (TSE:FR) Be Better Off With Less Debt?

We Think First Majestic Silver (TSE:FR) Has A Fair Chunk Of Debt

Jul 17
We Think First Majestic Silver (TSE:FR) Has A Fair Chunk Of Debt

First Majestic Silver Corp.'s (TSE:FR) Share Price Matching Investor Opinion

May 07
First Majestic Silver Corp.'s (TSE:FR) Share Price Matching Investor Opinion

We Think First Majestic Silver (TSE:FR) Is Taking Some Risk With Its Debt

Dec 09
We Think First Majestic Silver (TSE:FR) Is Taking Some Risk With Its Debt

These 4 Measures Indicate That First Majestic Silver (TSE:FR) Is Using Debt Extensively

Aug 08
These 4 Measures Indicate That First Majestic Silver (TSE:FR) Is Using Debt Extensively

CEO Compensation Analysis

How has Keith Neumeyer's remuneration changed compared to First Majestic Silver's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$78m

Jun 30 2024n/an/a

-US$79m

Mar 31 2024n/an/a

-US$48m

Dec 31 2023US$5mUS$1m

-US$135m

Sep 30 2023n/an/a

-US$162m

Jun 30 2023n/an/a

-US$156m

Mar 31 2023n/an/a

-US$222m

Dec 31 2022US$4mUS$1m

-US$114m

Sep 30 2022n/an/a

-US$101m

Jun 30 2022n/an/a

-US$99m

Mar 31 2022n/an/a

US$507k

Dec 31 2021US$6mUS$1m

-US$5m

Sep 30 2021n/an/a

US$34m

Jun 30 2021n/an/a

US$83m

Mar 31 2021n/an/a

US$57m

Dec 31 2020US$3mUS$950k

US$23m

Sep 30 2020n/an/a

-US$51m

Jun 30 2020n/an/a

-US$74m

Mar 31 2020n/an/a

-US$76m

Dec 31 2019US$4mUS$950k

-US$40m

Sep 30 2019n/an/a

-US$165m

Jun 30 2019n/an/a

-US$168m

Mar 31 2019n/an/a

-US$196m

Dec 31 2018US$2mUS$900k

-US$204m

Sep 30 2018n/an/a

-US$96m

Jun 30 2018n/an/a

-US$103m

Mar 31 2018n/an/a

-US$62m

Dec 31 2017US$2mUS$900k

-US$53m

Compensation vs Market: Keith's total compensation ($USD4.83M) is above average for companies of similar size in the Canadian market ($USD2.10M).

Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.

CEO

Keith Neumeyer (64 yo)

45.3yrs

Tenure

US$4,825,351

Compensation

Mr. Keith N. Neumeyer has been the Chief Executive Officer and President of First Majestic Resources Corp. since November 3, 2001. Mr. Neumeyer founded First Majestic Resources Corp. with the name Brandy R...

Leadership Team

NamePositionTenureCompensationOwnership
Keith Neumeyer
Founder45.3yrsUS$4.83m1.41%
CA$ 34.3m
David Soares
Chief Financial Officer2.8yrsUS$1.69m0.0056%
CA$ 135.3k
Steven Holmes
Chief Operating Officer4.8yrsUS$2.10m0.043%
CA$ 1.0m
Colin Bower
Vice President of Operations-Mexico3.6yrsUS$1.20m0.011%
CA$ 260.4k
Michael Deal
Vice-President of Metallurgy & Innovationno dataUS$1.15m0.0062%
CA$ 150.1k
Gonzalo Mercado
Vice President of Exploration & Technical Servicesno datano data0.0025%
CA$ 60.7k
Mani Alkhafaji
VP of Corporate Development & Investor Relations1.3yrsno data0.014%
CA$ 347.9k
Samir Patel
General Counsel & Corporate Secretary1.4yrsno data0.0039%
CA$ 95.0k
Jill Arias
Vice President of Corporate Communications & Marketing20.2yrsno data0.039%
CA$ 946.4k
David Smith
Vice President of Human Resourcesno datano datano data
Karen Liu
Vice President of Treasuryno datano data0.014%
CA$ 340.8k

3.6yrs

Average Tenure

Experienced Management: AG's management team is considered experienced (3.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Keith Neumeyer
Founder26yrsUS$4.83m1.41%
CA$ 34.3m
Thomas Fudge
Independent Chairman3.8yrsUS$333.41k0.0017%
CA$ 41.5k
Raymond Polman
Director2.6yrsUS$237.14k0.043%
CA$ 1.1m
Colette Rustad
Independent Director3.4yrsUS$222.27k0.0017%
CA$ 41.3k
Marjorie Co
Independent Director7.8yrsUS$211.16k0.0046%
CA$ 111.3k

3.8yrs

Average Tenure

64yo

Average Age

Experienced Board: AG's board of directors are considered experienced (3.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 17:06
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Majestic Silver Corp. is covered by 22 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin O'HalloranBMO Capital Markets Equity Research
David ForsterBofA Global Research
Adam GrafB. Riley Securities, Inc.