Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the release of its 2023 Sustainability Report summarizing the Company's Environmental, Social and Governance ("ESG") performance for the 2023 calendar year. The Sustainability Report has been drafted primarily in alignment with the Sustainability Accounting Standards Board ("SASB") reporting standards.

2023 SUSTAINABILITY HIGHLIGHTS

Record Safety Performance: 32% reduction in reportable injuries and 51% reduction in lost-time injuries, compared to the 2022 calendar year.

Diversity & Inclusion: 22% of new hires in 2023 were women, which is 10% above our current gender distribution within our workforce and highlights that First Majestic is moving toward greater female representation within the organization.

Carbon Reduction: 48% reduction in the carbon footprint (Scope 1+2) of each tonne of ore processed, compared to the 2022 calendar year.

Community Involvement: Community support and investment projects undertaken in 2023 directly benefit nearly 11,000 people and are available to over 48,000 residents.

ESG Recognition: Improved our Sustainalytics score from 50.6 in 2022 to 31 in 2023, placing First Majestic in the top 37% in terms of industry performance. Also, improved our S&P Global CSA score from 25 in 2022 to 31 in 2023, placing First Majestic in the top half of industry performance. see & read more onhttps://www.newsfilecorp.com/release/210725/