<SEC-DOCUMENT>0001971522-25-000001.txt : 20250204
<SEC-HEADER>0001971522-25-000001.hdr.sgml : 20250204
<ACCEPTANCE-DATETIME>20250204182853
ACCESSION NUMBER:		0001971522-25-000001
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250204
DATE AS OF CHANGE:		20250204

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST MAJESTIC SILVER CORP
		CENTRAL INDEX KEY:			0001308648
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-34984
		FILM NUMBER:		25590072

	BUSINESS ADDRESS:	
		STREET 1:		925 WEST GEORGIA STREET
		STREET 2:		SUITE 1800
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3L2
		BUSINESS PHONE:		604-688-3033

	MAIL ADDRESS:	
		STREET 1:		925 WEST GEORGIA STREET
		STREET 2:		SUITE 1800
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3L2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST MAJESTIC RESOURCE CORP
		DATE OF NAME CHANGE:	20041115

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Electrum Silver US LLC
		CENTRAL INDEX KEY:			0001830153
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		144

	BUSINESS ADDRESS:	
		STREET 1:		535 MADISON AVENUE, 12TH FL.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		646-532-2830

	MAIL ADDRESS:	
		STREET 1:		535 MADISON AVENUE, 12TH FL.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001830153</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001308648</issuerCik>
      <issuerName>FIRST MAJESTIC SILVER CORP</issuerName>
      <secFileNumber>001-34984</secFileNumber>
      <issuerAddress>
        <com:street1>925 WEST GEORGIA STREET</com:street1>
        <com:street2>SUITE 1800</com:street2>
        <com:city>VANCOUVER</com:city>
        <com:stateOrCountry>A1</com:stateOrCountry>
        <com:zipCode>V6C 3L2</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>604-688-3033</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Electrum Silver US LLC</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>10% Stockholder</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Citigroup Global Markets Inc</name>
        <address>
          <com:street1>388 Greenwich St.</com:street1>
          <com:street2>4th Floor Trading</com:street2>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10013</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>8000000</noOfUnitsSold>
      <aggregateMarketValue>49280000.00</aggregateMarketValue>
      <noOfUnitsOutstanding>479346245</noOfUnitsOutstanding>
      <approxSaleDate>02/04/2025</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>01/16/2025</acquiredDate>
      <natureOfAcquisitionTransaction>Shares of AG received in AG's acquisition of Gatos Silver. Gatos Silver shares acquired in private placements.</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Gatos Silver, Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>45631412</amountOfSecuritiesAcquired>
      <paymentDate>10/30/2020</paymentDate>
      <natureOfPayment>Cash</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>02/04/2025</noticeDate>
      <signature>Citigroup Global Markets Inc as agent and attorney-in-fact for Michael Williams</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
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</TEXT>
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</SEC-DOCUMENT>
