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New York - AG Toronto - FR fm FIRST MAJESTIC SILVER CORP . May 6 , 2021 Frankfurt - FMV First Majestic Reports First Quarter Financial Results , Inaugural Dividend Payment , and Appointment of VP Operations - Vancouver , BC , Canada First Majestic Silver Corp. ( AG : NYSE ; FR : TSX ) ( the " Company " or " First Majestic ” ) is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31 , 2021. The Company has also adjusted its cost reporting to reflect cash costs and all - in sustaining cost per ounce ( " AISC " ) on a per silver equivalent ounce ( " AgEq " ) basis compared to previous disclosure of only payable silver ounces . The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov . All amounts are in U.S. dollars unless stated otherwise . FIRST QUARTER 2021 HIGHLIGHTS • Revenues totalled $ 100.5 million , or 17 % higher compared to Q1 2020 , including a record $ 4.8 million from silver coins and bullion sales from the Company's online retail store • Realized average silver price of $ 27.13 , a 56 % increase compared to Q1 2020 • • Cash costs increased to $ 12.61 per AgEq ounce , compared to $ 8.25 in Q1 2020 , primarily due to higher ore development rates and mining contractor costs at Santa Elena to increase future production and higher energy costs at San Dimas AISC increased to $ 19.35 per AgEq ounce , compared to $ 12.23 in Q1 2020 • Mine operating earnings of $ 28.1 million , up 33 % compared to Q1 2020 • Net earnings of $ 1.9 million , compared to net earnings of ( $ 32.4 ) million in Q1 2020 • Adjusted EPS of $ 0.03 after excluding non - cash and non - recurring items • Cash flow per share was $ 0.14 per share ( non - GAAP ) • Strong working capital position of $ 232.8 million and total available liquidity of $ 297.8 million , including $ 65.0 million of undrawn revolving credit facility Declared a cash dividend payment of $ 0.0045 per common share for the first quarter of 2021 for shareholders of record as of the close of business on May 17 , 2021 and will be distributed on or about June 4 , 2021 " Strong metal sales , robust silver prices and higher - than - normal premiums for coins and bullion generated healthy revenues , earnings and cash flows during the first quarter , " stated Keith Neumeyer , President and