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 44.67 years. total yearly compensation is $4.83M, comprised of 26.1% salary and 73.9% bonuses, including company stock and options. directly owns 1.44% of the company’s shares, worth CA$37.98M. The average tenure of the management team and the board of directors is 3 years and 3.2 years respectively.

Key information

Keith Neumeyer

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage	26.1%
CEO tenure	44.7yrs
CEO ownership	1.4%
Management average tenure	3yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Keith Neumeyer's remuneration changed compared to First Majestic Silver's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$5m	US$1m	-US$135m
Sep 30 2023	n/a	n/a	-US$162m
Jun 30 2023	n/a	n/a	-US$156m
Mar 31 2023	n/a	n/a	-US$222m
Dec 31 2022	US$4m	US$1m	-US$114m
Sep 30 2022	n/a	n/a	-US$101m
Jun 30 2022	n/a	n/a	-US$99m
Mar 31 2022	n/a	n/a	US$507k
Dec 31 2021	US$6m	US$1m	-US$5m
Sep 30 2021	n/a	n/a	US$34m
Jun 30 2021	n/a	n/a	US$83m
Mar 31 2021	n/a	n/a	US$57m
Dec 31 2020	US$3m	US$950k	US$23m
Sep 30 2020	n/a	n/a	-US$51m
Jun 30 2020	n/a	n/a	-US$74m
Mar 31 2020	n/a	n/a	-US$76m
Dec 31 2019	US$4m	US$950k	-US$40m
Sep 30 2019	n/a	n/a	-US$165m
Jun 30 2019	n/a	n/a	-US$168m
Mar 31 2019	n/a	n/a	-US$196m
Dec 31 2018	US$2m	US$900k	-US$204m
Sep 30 2018	n/a	n/a	-US$96m
Jun 30 2018	n/a	n/a	-US$103m
Mar 31 2018	n/a	n/a	-US$62m
Dec 31 2017	US$2m	US$900k	-US$53m

Compensation vs Market: Keith's total compensation ($USD4.83M) is above average for companies of similar size in the UK market ($USD2.33M).

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

CEO

Keith Neumeyer (63 yo)

44.7yrs

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

Name	Position	Tenure	Compensation	Ownership
Keith Neumeyer	Founder	44.7yrs	US$4.83m	1.44% $ 38.0m
David Soares	Chief Financial Officer	2.2yrs	US$1.69m	0.0033% $ 86.8k
Steven Holmes	Chief Operating Officer	4.3yrs	US$2.10m	0.045% $ 1.2m
Colin Bower	Vice President of Operations-Mexico	3yrs	US$1.20m	0.0072% $ 190.4k
Michael Deal	Vice-President of Metallurgy & Innovation	no data	US$1.15m	0.00089% $ 23.5k
Gonzalo Mercado	Vice President of Exploration & Technical Services	no data	no data	0.00061% $ 16.1k
Mani Alkhafaji	VP of Corporate Development & Investor Relations	less than a year	no data	0.013% $ 341.0k
Samir Patel	General Counsel & Corporate Secretary	less than a year	no data	0.0041% $ 108.4k
Jill Arias	Vice President of Corporate Communications & Marketing	19.6yrs	no data	0.044% $ 1.1m
David Smith	Vice President of Human Resources	no data	no data	no data
Karen Liu	Vice President of Treasury	no data	no data	0.010% $ 273.7k

3.0yrs

Average Tenure

Experienced Management: 0QYC's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Keith Neumeyer	Founder	25.4yrs	US$4.83m	1.44% $ 38.0m
Thomas Fudge	Independent Chairman	3.3yrs	US$333.41k	0.0010% $ 27.4k
Raymond Polman	Director	2yrs	US$237.14k	0.045% $ 1.2m
Colette Rustad	Independent Director	2.8yrs	US$222.27k	0.00071% $ 18.7k
Marjorie Co	Independent Director	7.2yrs	US$211.16k	0.0048% $ 126.8k
Jean des Rivieres	Independent Director	3.2yrs	US$211.16k	0.0044% $ 116.0k

3.2yrs

Average Tenure

63yo

Average Age

Experienced Board: 0QYC's board of directors are considered experienced (3.2 years average tenure).

First Majestic Silver Management

Management criteria checks 2/4

Key information

Recent management updates

First Majestic Silver Corp., Annual General Meeting, May 23, 2024

First Majestic Silver Corp., Annual General Meeting, May 23, 2024

Vice President of Corporate Development recently sold CA$928k worth of stock

Vice President of Corporate Development recently sold CA$637k worth of stock

Vice President of Corporate Development recently bought CA$59k worth of stock

Vice President of Corporate Development recently bought CA$133k worth of stock

Recent updates

First Majestic Silver Corp. to Report Q1, 2024 Results on May 08, 2024

First Majestic Silver Corp., Annual General Meeting, May 23, 2024

First Majestic Silver Corp., Annual General Meeting, May 23, 2024

Fourth quarter dividend of US$0.0048 announced

Full year 2023 earnings released: US$0.48 loss per share (vs US$0.43 loss in FY 2022)

First Majestic Silver Corp. has filed a Follow-on Equity Offering in the amount of $150 million.

First Majestic Silver Corp. Reports Positive Exploration Results At San Dimas, Santa Elena and Jerritt Canyon Properties

First Majestic Silver Corp. Announces Total Production from San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine

First Majestic Silver Corp. Declares Dividend for the Third Quarter of 2023, Payable on November 30, 2023

New minor risk - Financial position

Third quarter 2023 earnings released: US$0.095 loss per share (vs US$0.079 loss in 3Q 2022)

First Majestic Silver Corp. to Report Q3, 2023 Results on Nov 02, 2023

Vice President of Corporate Development recently sold CA$928k worth of stock

Vice President of Corporate Development recently sold CA$637k worth of stock

First Majestic Silver Corp. Declares Cash Dividend for the Second Quarter of 2023, Payable on or About August 31, 2023

Second quarter 2023 earnings released: US$0.062 loss per share (vs US$0.32 loss in 2Q 2022)

First Majestic Silver Corp. Provides Production Guidance for the Second Half of 2023 and Revises Production Guidance for the Fiscal Year 2023

First Majestic Silver Corp. Announces Positive Drilling Results from Its Ongoing Exploration Programs At San Dimas, Santa Elena, and Jerritt Canyon

Vice President of Corporate Development recently bought CA$59k worth of stock

Vice President of Corporate Development recently bought CA$133k worth of stock

First Majestic Silver Corp. Declares Dividend for the First Quarter of 2023, Payable on or About June 9, 2023

First quarter 2023 earnings released: US$0.37 loss per share (vs US$0.028 profit in 1Q 2022)

Vice President of Corporate Development recently bought CA$94k worth of stock

Vice President of Corporate Development recently bought CA$95k worth of stock

Vice President of Corporate Development recently bought CA$334k worth of stock

Full year 2022 earnings released: US$0.43 loss per share (vs US$0.02 loss in FY 2021)

Insider recently sold CA$72k worth of stock

First Majestic Silver Corp. to Report Q4, 2022 Results on Feb 23, 2023

Founder recently sold CA$126k worth of stock

High number of new directors

First Majestic Silver Corp. Declares Cash Dividend for the Third Quarter of 2022, Payable on or About December 2, 2022

Third quarter 2022 earnings released: US$0.079 loss per share (vs US$0.072 loss in 3Q 2021)

First Majestic Reports Continues Exploration Success Intersecting 19.97 G/T Au over 20.9M Near Active Underground Mining At Jerritt Canyon

Vice President of Corporate Development recently sold CA$1.5m worth of stock

First Majestic Silver Corp. to Report Q3, 2022 Results on Nov 09, 2022

Vice President of Corporate Development recently bought CA$76k worth of stock

Director recently sold CA$1.8m worth of stock

First Majestic Silver Corp. Announces Additional Positive Drill Results from its Ongoing Exploration Program At the Jerritt Canyon Gold Mine

Second quarter 2022 earnings released: US$0.32 loss per share (vs US$0.064 profit in 2Q 2021)

First Majestic Silver Corp. Declares Cash Dividend for the Second Quarter of 2022, Payable on or About August 31, 2022

Vice President of Corporate Development recently bought CA$65k worth of stock

First Majestic Silver Corp. to Report Q2, 2022 Results on Aug 04, 2022

Vice President of Corporate Development recently bought CA$53k worth of stock

High number of new directors

First Majestic Silver Corp. Announces Positive Drill Results from Its Ongoing Exploration Program At the Jerritt Canyon Gold Mine Located in Elko County, Nevada

First Majestic Silver Corp. Elects Raymond Polman to Board of Directors

Sierra Madre Gold and Silver Ltd. (TSXV:SM) signed an arm’s length definitive agreement to acquire La Guitarra Compania Minera S.A. from First Majestic Silver Corp. (TSX:FR) for $39.8 million.

Vice President of Corporate Development recently bought CA$933k worth of stock

First quarter 2022 earnings released: EPS: US$0.028 (vs US$0.008 in 1Q 2021)

First Majestic Silver Corp. Declares Cash Dividend for the First Quarter of 2022, Payable on or About June 10, 2022

Vice President of Corporate Development recently bought CA$141k worth of stock

First Majestic Silver Corp. to Report Q1, 2022 Results on May 12, 2022

Insider recently sold CA$88k worth of stock

Insider recently sold CA$104k worth of stock

First Majestic Announces 2021 Mineral Reserve and Resource Estimates

Vice President of Corporate Development recently sold CA$606k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Insider recently sold CA$363k worth of stock

First Majestic Silver Corp., Annual General Meeting, May 26, 2022

Investor sentiment deteriorated over the past week

Insider recently sold CA$73k worth of stock

First Majestic Silver Corp. Provides Production Guidance for Full Year 2022

Vice President of Corporate Development recently bought CA$70k worth of stock

Vice President of Corporate Development recently bought CA$64k worth of stock

Vice President of Corporate Development recently bought CA$172k worth of stock

First Majestic Silver Corp. announced that it expects to receive $200 million in funding

Founder recently sold CA$2.3m worth of stock

Third quarter 2021 earnings released: US$0.072 loss per share (vs US$0.14 profit in 3Q 2020)

Independent Director recently bought CA$53k worth of stock