NYSE - AG
TSX - FR
Frankfurt - FMV
VANCOUVER,
Aug. 22, 2014 /PRNewswire/ - First
Majestic Silver Corp. (TSX:FR) (NYSE:AG) (the "Company" or
"First Majestic") is pleased to announce that its common shares
have been authorized for listing on the Mexican Stock Exchange
("BMV"). The Company expects the shares to begin trading on the BMV
on Monday, August 25, 2014 under the
trading symbol "AG". The Company will retain its primary listings
on the Toronto Stock Exchange and the New York Stock Exchange under
the trading symbols "FR" and "AG", respectively.
"As one of Mexico's largest primary silver producers and
mining employers, we look forward to our upcoming listing on the
Mexican Stock Exchange," said Keith
Neumeyer, President and CEO of the Company. "The BMV
listing will strengthen our exposure in Mexico, reaching the largest institutional
investors in the country in addition to allowing retail investors
to invest directly with Mexican Pesos rather than being forced to
convert their home currency to US or Canadian dollars. We look
forward to building a long lasting relationship with one of
Latin America's largest stock
exchanges."
ABOUT FIRST MAJESTIC
First Majestic is a mining company focused on
silver production in México and is aggressively pursuing the
development of its existing mineral property assets and the pursuit
through acquisition of additional mineral assets which contribute
to the Company achieving its corporate growth objectives.
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer,
President & CEO
SPECIAL NOTE REGARDING FORWARD-LOOKING
INFORMATION
This news release includes certain
"Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words "anticipate", "believe", "estimate", "expect",
"target", "plan", "forecast", "may", "schedule" and similar words
or expressions, identify forward-looking statements or information.
These forward-looking statements or information relate to, among
other things: the price of silver and other metals; the accuracy of
mineral reserve and resource estimates and estimates of future
production and costs of production at our properties; estimated
production rates for silver and other payable metals produced by
us, the estimated cost of development of our development projects;
the effects of laws, regulations and government policies on our
operations, including, without limitation, the laws in Mexico which currently have significant
restrictions related to mining; obtaining or maintaining necessary
permits, licences and approvals from government authorities; and
continued access to necessary infrastructure, including, without
limitation, access to power, land, water and roads to carry on
activities as planned.
These statements reflect the Company's current
views with respect to future events and are necessarily based upon
a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. Many factors, both known and unknown, could
cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or
may be expressed or implied by such forward-looking statements or
information and the Company has made assumptions and estimates
based on or related to many of these factors. Such factors include,
without limitation: fluctuations in the spot and forward price of
silver, gold, base metals or certain other commodities (such as
natural gas, fuel oil and electricity); fluctuations in the
currency markets (such as the Canadian dollar and Mexican peso
versus the U.S. dollar); changes in national and local government,
legislation, taxation, controls, regulations and political or
economic developments in Canada,
Mexico; operating or technical
difficulties in connection with mining or development activities;
risks and hazards associated with the business of mineral
exploration, development and mining (including environmental
hazards, industrial accidents, unusual or unexpected formations,
pressures, cave-ins and flooding); risks relating to the credit
worthiness or financial condition of suppliers, refiners and other
parties with whom the Company does business; inability to obtain
adequate insurance to cover risks and hazards; and the presence of
laws and regulations that may impose restrictions on mining,
including those currently enacted in Mexico; employee relations; relationships with
and claims by local communities and indigenous populations;
availability and increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development, including the risks of obtaining necessary licenses,
permits and approvals from government authorities; diminishing
quantities or grades of mineral reserves as properties are mined;
the Company's title to properties; and the factors identified under
the caption "Risk Factors" in the Company's Annual Information
Form, under the caption "Risks Relating to First Majestic's
Business".
Investors are cautioned against attributing
undue certainty to forward-looking statements or information.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially, there may be
other factors that cause results not to be anticipated, estimated
or intended. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements or
information, other than as required by applicable law.
SOURCE First Majestic Silver Corp.