First Majestic Silver Corp. Ordinary Shares (Canada)

Founder-led by Keith Neumeyer with a long tenure and high alignment; recent leadership updates include appointing a new CFO, Neil Beaumont, in July 2026, bringing deep mining and institutional finance experience. Operational focus has shifted toward quality and optionality, and communication via quarterly disclosures has improved.

That said, the Jerritt Canyon cycle and earlier equity issuance history temper our confidence in perfect execution across cycles.