First Majestic Silver (AG) Receives Construction Permits for Santa Elena Mine Expansion

First Majestic Silver Corp. (NYSE:AG) is one of the stocks set to explode in the next 2 years. On June 25, First Majestic Silver Corp. announced that it had received construction permits for the Santo Niño and Navidad portals at its Santa Elena mine in Mexico. To support these developments, the company plans to invest an additional $12 million throughout the year to accelerate underground access and prepare the Santo Niño project for near-term mining operations.

The announcement follows positive infill drilling results from both vein systems, which have returned significant silver and gold intercepts. These findings have outperformed initial models, confirming high-grade mineralization that supports First Majestic Silver Corp.'s (NYSE:AG) efforts to convert inferred mineral resources into indicated resources for future mine planning.

Management expects these targets to become major contributors to the Santa Elena site, with the potential to materially extend the mine's overall lifespan. Ongoing work continues to focus on resource conversion and infrastructure expansion to position both areas as core components of the future production schedule.

First Majestic Silver Corp. (NYSE:AG) acquires, explores, develops, and produces mineral properties in North America. The company explores for silver and gold deposits.

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