First Majestic Silver agrees to sell San Martin mine to Flextronics for total proceeds of US$90 million

First Majestic Silver Corp.
Flex Ltd

First Majestic Silver Corp.

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Flex Ltd

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  • First Majestic Silver entered a definitive deal to sell the San Martin Silver Mine in Mexico to Flextronics for total cash proceeds of USD 90 million.
  • Consideration includes USD 2.5 million at closing, USD 2.5 million within 180 days, USD 50 million over five annual installments, USD 35 million due Aug. 31, 2032.
  • Transaction sells Minera El Pilon, which holds 100% of San Martin, including the Jalisco Group of Properties covering 5,245 hectares.
  • Closing expected in Q4 2026, subject to customary conditions including Mexican antitrust clearance.
  • San Martin has been on care and maintenance since July 2019.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Majestic Silver Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607071636NEWSFILECNPR____20260707_304329_1) on July 07, 2026, and is solely responsible for the information contained therein.

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