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2 clusters · 5 sources · 4 days · First seen · Last updated

First Majestic Silver operations and legal disputes in MX

Overview

First Majestic Silver has faced operational and legal challenges in Mexico. In the third quarter of 2026, the company reported a 9% decrease in silver output compared to the previous quarter. This decline was partly attributed to a 12-day operational stoppage at the San Dimas mine in Durango caused by a labor dispute, alongside lower ore grades.

Following these operational issues, the company moved to resolve a long-standing tax dispute with the Mexican government. First Majestic agreed in principle to a settlement regarding tax assessments at the San Dimas mine, which had previously led to international arbitration proceedings. As a result, the tribunal has ordered a suspension of the case until December 31, 2026, to allow both parties to finalize a settlement framework.

Entities

First Majestic Silver Corp. · La Encantada · First Majestic Silver · Santa Elena · Government of Mexico

Timeline

  1. [BUSINESS] 4 sources
    First Majestic Silver suspends tax arbitration against Mexico

    First Majestic Silver has suspended its tax arbitration against Mexico to finalize a settlement regarding a dispute over the San Dimas mine, aiming to resolve the multi-million dollar conflict by year-end.

  2. [BUSINESS] 3 sources
    First Majestic Silver reports 3.4 million ounces of silver production in Q3

    First Majestic Silver produced 3.44 million silver-equivalent ounces in Q3 2026. Growth at La Encantada helped offset production declines at San Dimas caused by a 12-day labor dispute.

Sources

gestion.pe · mineriaenlinea.com · mugglehead.com · resourceworld.com · thedeepdive.ca