First Majestic Silver Corp.

NYSE:AG Stock Report

Market Cap: US$1.7b

First Majestic Silver Management

Management criteria checks 3/4

First Majestic Silver's CEO is Keith Neumeyer, appointed in Sep 1979, has a tenure of 45.33 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 $23.59M. The average tenure of the management team and the board of directors is 3.7 years and 3.9 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 tenure3.7yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

First Majestic Silver Corp.: A Major Plus In Acquiring Gatos Silver, Inc.

Jan 21

First Majestic Silver: A Soft Q3 Operationally With Continued Share Dilution

Dec 31

First Majestic Silver And Gatos Silver Merger: A Better Combined Company

Oct 30

First Majestic Silver: A Lot More Silver, But Far Less Silver Per Share

Oct 22

First Majestic Silver: Continued Share Dilution Despite Record Gold Prices

Aug 22

First Majestic Silver: Still A Money Loser

Aug 01

First Majestic Silver: Limited Margin Of Safety At Current Levels

May 22

First Majestic Silver: A Slow Start To The Year

Apr 21

First Majestic Silver: Another Disappointing Year

Feb 25

First Majestic Silver: Consistent Losses, Can They Turn It Around?

Feb 13

First Majestic Silver: A Weak Q4 With A High-Cost Year On Deck

Jan 22

First Majestic Silver: Another Underwhelming Quarter

Nov 19

First Majestic Silver: Disappointing Performance Amid Higher Pricing

Oct 30

First Majestic Silver: A Disappointing Q3

Oct 13

First Majestic: Good Assets And Share Dilution At A High Price

Sep 21

First Majestic Silver: Q2 Earnings, Peso Strength Weighs On Margins

Aug 08

First Majestic Silver: Production Per Share Declines Set To Continue

Jul 26

First Majestic Silver: High Risk Or High Upside?

Jun 22

First Majestic Silver: Possibly A Better H2 Ahead

Jun 05

First Majestic Silver Q4 2022 Earnings Preview

Feb 22

First Majestic Silver: A Disappointing Finish To 2022

Jan 22

First Majestic Silver Q3 2022 Earnings Preview

Nov 08

First Majestic Silver: Metals Price Weakness Dampens Margin Outlook

Oct 20

First Majestic Silver Will Rally When Precious Metals Do

Oct 14

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

Compensation vs Market: Keith's total compensation ($USD4.83M) is about average for companies of similar size in the US market ($USD5.30M).

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%
$ 23.6m
David Soares
Chief Financial Officer2.8yrsUS$1.69m0.0056%
$ 92.9k
Steven Holmes
Chief Operating Officer4.9yrsUS$2.10m0.058%
$ 961.2k
Colin Bower
Vice President of Operations-Mexico3.7yrsUS$1.20m0.017%
$ 277.1k
Michael Deal
Vice-President of Metallurgy & Innovationno dataUS$1.15m0.0062%
$ 103.3k
Gonzalo Mercado
Vice President of Exploration & Technical Servicesno datano data0.0025%
$ 41.8k
Mani Alkhafaji
VP of Corporate Development & Investor Relations1.3yrsno data0.014%
$ 239.3k
Samir Patel
General Counsel & Corporate Secretary1.5yrsno data0.0039%
$ 65.4k
Jill Arias
Vice President of Corporate Communications & Marketing20.3yrsno data0.039%
$ 651.0k
David Smith
Vice President of Human Resourcesno datano datano data
Karen Liu
Vice President of Treasuryno datano data0.014%
$ 234.3k

3.7yrs

Average Tenure

Experienced Management: AG's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Keith Neumeyer
Founder26.1yrsUS$4.83m1.41%
$ 23.6m
Thomas Fudge
Independent Chairman3.9yrsUS$333.41k0.0017%
$ 28.6k
Raymond Polman
Director2.7yrsUS$237.14k0.043%
$ 723.4k
Colette Rustad
Independent Director3.5yrsUS$222.27k0.0017%
$ 28.4k
Marjorie Co
Independent Director7.8yrsUS$211.16k0.0046%
$ 76.5k

3.9yrs

Average Tenure

64yo

Average Age

Experienced Board: AG's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 06:00
End of Day Share Price 2025/01/30 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 23 analysts. 3 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.