<SEC-DOCUMENT>0001628280-26-050781.txt : 20260730
<SEC-HEADER>0001628280-26-050781.hdr.sgml : 20260730
<ACCEPTANCE-DATETIME>20260730070833
ACCESSION NUMBER:		0001628280-26-050781
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	20260729
FILED AS OF DATE:		20260730
DATE AS OF CHANGE:		20260730

FILER:

	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
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34984
		FILM NUMBER:		261220152

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		925 WEST GEORGIA STREET
		STREET 2:		SUITE 1800
		CITY:			VANCOUVER
		PROVINCE COUNTRY:   	A1
		BUSINESS PHONE:		604-688-3033

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		925 WEST GEORGIA STREET
		STREET 2:		SUITE 1800
		CITY:			VANCOUVER
		PROVINCE COUNTRY:   	A1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST MAJESTIC RESOURCE CORP
		DATE OF NAME CHANGE:	20041115
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ag-2026q2x6k.htm
<DESCRIPTION>6-K
<TEXT>
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<title>Document</title></head><body><div id="ia93b97a15f7b4e13b550172af8720aa8_1"></div><div style="min-height:63pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:18pt;font-weight:700;line-height:120%">UNITED STATES</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Washington, D.C. 20549</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:18pt;font-weight:700;line-height:120%">FORM 6-K</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the month of July 2026 </font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Commission File Number&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">001-34984</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:18pt;font-weight:700;line-height:120%;text-decoration:underline">FIRST MAJESTIC SILVER CORP.</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Translation of registrant's name into English)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Suite 1800 - 925 West Georgia Street</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Vancouver, British Columbia V6C 3L2</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Address of principal executive offices)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#91; &#93; Form 20-F &#160;&#160;&#91;x&#93; Form 40-F</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><img alt="image0b31a.gif" src="image0b31a.gif" style="height:160px;margin-bottom:5pt;vertical-align:text-bottom;width:240px"></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">DOCUMENTS INCORPORATED BY REFERENCE</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Exhibits 99.1 and 99.2 to this Report on Form 6-K are hereby incorporated by reference (i) as Exhibits to the Registration Statement on Form F-10 of First Majestic Silver Corp. (File No. 333-290506) and (ii) into the Registration Statements on Form S-8 of First Majestic Silver Corp. (File Nos. 333-258124 and 333-284314).</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">DOCUMENTS FILED AS PART OF THIS FORM 6-K</font></div><div><font><br></font></div><div style="margin-bottom:8pt;margin-top:8pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Exhibits</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:3.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.366%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:71.266%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.225%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.227%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2fsxex991.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.1</a></font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2fsxex991.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2026 and 2025.</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2mdaxex992.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.2</a></font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2mdaxex992.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Management's Discussion and Analysis for the Quarter Ended June 30, 2026.</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2ceoxex993.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.3</a></font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2ceoxex993.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Certification of Interim Filings - CEO</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2cfoxex994.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.4</a></font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2cfoxex994.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Certification of Interim Filings - CFO</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2financialnrxex995.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">99.5</a></font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ag-2026q2financialnrxex995.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">News Release dated July 30, 2026</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:8pt;margin-top:3pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</font></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:36.967%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:60.833%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FIRST MAJESTIC SILVER CORP.</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">&#47;s&#47; Samir Patel</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Samir Patel</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General Counsel &#38; Corporate Secretary</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 30, 2026</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr></table></div><div><font><br></font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ag-2026q2fsxex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<title>Document</title></head><body><div id="if2ebd7f03a1c4624a4c126a00ede22dc_1"></div><div style="min-height:63pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:8pt;text-align:center"><img alt="image0b33b.gif" src="image0b33b.gif" style="height:186px;margin-bottom:5pt;vertical-align:text-bottom;width:280px"></div><div style="margin-bottom:8pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:15pt;font-weight:700;line-height:120%">CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">FOR THE THREE AND SIX MONTHS ENDED JUNE&#160;30, 2026 AND 2025</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(UNAUDITED)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%"><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.830%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2<br>Phone&#58; 604.688.3033 &#124; Fax&#58; 604.639.8873&#124; Toll Free&#58; 1.866.529.2807 &#124; Email&#58; info&#64;firstmajestic.com<br>www.firstmajestic.com</font></td></tr></table></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_4"></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><img alt="image0b33b.gif" src="image0b33b.gif" style="height:213px;margin-bottom:5pt;vertical-align:text-bottom;width:320px"></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:16pt;font-weight:700;line-height:120%">Management&#8217;s Responsibilities over Financial Reporting</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed interim consolidated financial statements of First Majestic Silver Corp. (the &#8220;Company&#8221;) are the responsibility of the Company&#8217;s management. The condensed interim consolidated financial statements are prepared in accordance with International Accounting Standard 34, </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#34;Interim Financial Reporting&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, as issued by the International Accounting Standards Board and reflect management&#8217;s best estimates and judgment based on information currently available.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management has developed and maintains a system of internal controls to ensure that the Company&#8217;s assets are safeguarded, transactions are authorized and properly recorded, and financial information is reliable.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Board of Directors is responsible for ensuring management fulfills its responsibilities. The Audit Committee reviews the results of the condensed interim consolidated financial statements prior to their submission to the Board of Directors for approval.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed interim consolidated financial statements have not been audited.</font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:45.164%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.769%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">&#47;s&#47; Keith Neumeyer</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">&#160;&#47;s&#47; Neil Beaumont</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Keith Neumeyer </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Neil Beaumont</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 29, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt 1.5pt 10pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 29, 2026</font></td></tr></table></div><div><font><br></font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_13"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">TABLE OF CONTENTS</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"></td><td style="width:2.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:90.128%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.749%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#006ebf;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_19" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Condensed Interim Consolidated Statements of Earnings</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_19" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">1</a></font></div></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#006ebf;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_22" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Condensed Interim Consolidated Statements of Comprehensive Income</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_22" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">2</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_25" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Condensed Interim Consolidated Statements of Cash Flows</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_25" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">3</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_28" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Condensed Interim Consolidated Statements of Financial Position</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_28" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_34" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Condensed Interim Consolidated Statements of Changes in Equity</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_34" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">5</a></font></div></td></tr><tr style="height:5pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">General</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_40" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 1.  Nature of Operations</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_40" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">6</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 2.  Basis of Presentation</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_43" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">6</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_49" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 3.  Material Accounting Policy Information, Estimates and Judgments</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_49" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">6</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 4.  Acquisition of Gatos Silver Inc.</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">8</a></font></div></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Statements of Earnings</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_58" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 5.  Segmented Information</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_58" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">12</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_70" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 6.  Revenues</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_70" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">16</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_73" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 7.  Cost of Sales</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_73" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">17</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_76" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 8.  General and Administrative Expenses</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_76" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">18</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_79" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 9.  Mine Holding Costs</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_79" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">18</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_82" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 10.  Investment and Other Income</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_82" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">18</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_85" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 11.  Finance Costs</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_85" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">19</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_88" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 12.  Earnings or Loss per Share</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_88" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">19</a></font></div></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Statements of Financial Position</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_94" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 13.  Inventories</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_94" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">20</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 14.  Other Financial Assets</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">20</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 15.  Divestitures</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">21</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_103" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 16.  Mining Interests</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_103" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">22</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_106" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 17.  Property, Plant and Equipment</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_106" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">26</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_109" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 18.  Right-of-Use Assets</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_109" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">28</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_118" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 19.  Restricted Cash</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_118" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">29</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_121" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 20.  Trade and Other Payables</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_121" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">29</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 21.  Debt Facilities</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">30</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_130" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 22.  Lease Liabilities</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_130" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">34</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 23.  Share Capital</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">36</a></font></div></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Other items</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_145" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 24.  Non-Controlling Interests</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_145" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">42</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_148" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 25.  Financial Instruments and Related Risk Management</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_148" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">43</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_151" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 26.  Supplemental Cash Flow Information</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_151" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">47</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_154" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 27.  Contingencies and Other Matters</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_154" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">48</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_163" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">Note 28.  Subsequent Events</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_163" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">53</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_16"></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">CONDENSED INTERIM CONSOLIDATED STATEMENTS OF EARNINGS</font></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(In thousands of US dollars, except share and per share amounts)</font></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:1pt;font-weight:400;line-height:120%">f</font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_19"></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Condensed Interim Consolidated Statements of Earnings provide a summary of the Company&#8217;s financial performance and net earnings or loss over the reporting periods.</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:35.888%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.063%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.642%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.649%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_70" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">6</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$415,499</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$264,229</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$892,167</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$508,171</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mine operating costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cost of sales</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_73" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">7</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">143,469&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,139&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">297,485&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">258,856&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depletion, depreciation and amortization</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,414&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,739&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,470&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">136,159&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">191,883</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">214,878</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">401,955</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">395,015</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mine operating earnings</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">223,616</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">49,351</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">490,212</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">113,156</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_76" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">8</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,932&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,510&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,506&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,228&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,066&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,804&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,510&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,306&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mine holding costs</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_79" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">9</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,217&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,323&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,014&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,292&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restructuring costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,238&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,365&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reversal of impairment</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition Costs</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,584&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign exchange loss (gain)</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,543&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,768)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,200&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12,244)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating earnings</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">197,543</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">39,482</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">434,540</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">74,990</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment and other income</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_82" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">10</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,009&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,334&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,364&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,839&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_85" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">11</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,592)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,798)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,955)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,761)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings before income taxes</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">193,960</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">38,018</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">434,949</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">67,068</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Income</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">taxes</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current income tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,730&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,087&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">174,631&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,174&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax recovery</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,663)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(39,648)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,061)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,925)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68,067&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,561)</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,570&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net earnings for the period</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$125,893</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$56,579</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$273,379</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$62,819</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net earnings attributable to&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Owners of the Company</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$109,433</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$52,548&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$237,531</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$54,812&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-controlling interest</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_145" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">24</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$16,460</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,031&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$35,848</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$8,007&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings per common share attributable to owners of the Company</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic &#38; Diluted</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_88" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">12</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.22</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.11</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.48</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.12</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">average</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">shares</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">outstanding</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_88" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">12</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">493,335,474</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">485,086,253</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">493,106,818</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">469,163,327</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted</font></div></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_88" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">12</a></font></div></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt 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style="width:1.0%"></td><td style="width:23.936%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:36.383%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">&#47;s&#47; Keith Neumeyer</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">&#47;s&#47; Colette Rustad</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Keith Neumeyer, Director</font></td><td colspan="3" 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style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</font></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid 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style="background-color:#ffffff;color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Statemen</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ts of Comprehensive Income provide a summary of total comprehensive earnings or loss and summarizes items recorded in other comprehensive income that may or may not be subsequently reclassified to profit or loss depending on future events.</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.519%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.911%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.911%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.918%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note</font></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font 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style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other comprehensive income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Items&#160;that&#160;will not be subsequently reclassified to net loss&#58; </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unrealized (loss) gain on fair value of investments in marketable securities, net of tax</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">14(b)</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,908)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,879&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(29,840)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,150&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Realized gain (loss) on investments in marketable securities, net of tax</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">14(b)</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,222&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,888)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,297&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,882)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other comprehensive (loss) gain</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12,686)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,991&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,543)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,268&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total comprehensive income</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$113,207</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$70,570</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$249,836</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$91,087</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Comprehensive income attributable to&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Owners of the Company</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$96,747&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$66,539&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$213,988&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$83,080&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-controlling interests</font></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$16,460&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,031&#160;</font></td><td style="border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$35,848&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$8,007&#160;</font></td><td style="border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 2</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_25"></div><hr style="page-break-after:always"><div style="min-height:67.5pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS</font></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(In thousands of US dollars)</font></td></tr></table></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Condensed Interim Consolidated Statements of Cash Flows provide a summary of movements in cash and cash equivalents during the reporting periods by classifying them as operating, investing or financing activities.</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:41.297%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.016%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.326%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.625%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Note</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Operating</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Activities</font></div></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net earnings for the period</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$125,893&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$56,579&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$273,379&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$62,819&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjustments for&#58;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income tax expense (recovery)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">68,067&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(18,561)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">161,570&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,249&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Depletion, depreciation and amortization</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48,779&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">74,058&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">105,202&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">136,832&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,705&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,000&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,574&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,514&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Reversal of Impairment</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_85" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">11</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,592&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,798&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,955&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,761&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Unrealized (gain) loss from marketable securities and silver futures derivatives</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,308)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,717)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(10,371)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">444&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,485)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,236)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,542&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,666)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Operating cash flows before non-cash working capital and taxes</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">248,320</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">114,921</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">558,928</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid 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href="#if2ebd7f03a1c4624a4c126a00ede22dc_151" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">26</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,324&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,805&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28,738&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(20,695)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income taxes paid</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(46,765)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(30,620)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(142,250)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(58,660)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash generated in operating</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font 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style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">90,106</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">445,416</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid 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style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Investing</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Activities</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Expenditures on mining interests</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(45,005)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(31,551)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(79,631)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(77,391)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Acquisition of property, plant and equipment</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(14,493)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17,974)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(27,336)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(28,489)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Disposition of Del Toro</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,000&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,000&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gatos Silver Inc. cash acquired, net of cash consideration paid</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">159,560&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Acquisition of Springpole Silver Stream</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_103" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">16(f)</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,000)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_151" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">26</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,767&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,684&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,178&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(522)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash (used in) provided by investing</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">activities</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(35,731)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(47,841)</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(76,789)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">48,158</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financing</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Activities</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Proceeds from exercise of stock options</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,024&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,829&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,173&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,167&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Repayment of lease liabilities</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_130" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">22</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,682)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,940)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9,281)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,508)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dividends and distributions paid to non-controlling interests</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_145" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">24</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(29,250)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9,688)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(38,494)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9,688)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Finance costs paid</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,265)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,237)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,569)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,133)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Dividends declared and paid</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">23</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,443)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,180)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12,541)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,939)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Shares repurchased</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">23</a></font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(22,743)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,844)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(22,743)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,270)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash used in financing</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">activities</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(65,359)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(11,060)</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(68,455)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(13,371)</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Effect of exchange rate on cash and cash equivalents held in foreign currencies</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">687&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,235&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(296)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,188&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Increase in cash and cash equivalents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">107,789</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">31,205</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">300,172</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">180,385</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents, beginning of the period</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">984,835&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">351,313&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">793,435&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">202,180&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Cash and cash equivalents, end of period</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$1,093,311</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$384,753</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$1,093,311</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$384,753</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Supplemental</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">cash</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">flow</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">information</font></div></td><td colspan="3" style="border-bottom:2pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_151" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">26</a></font></div></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td></tr></table></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 3</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_28"></div><hr style="page-break-after:always"><div style="min-height:67.5pt;width:100%"><div><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</font></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">AS AT JUNE 30, 2026 AND DECEMBER 31, 2025</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(In thousands of US dollars)</font></td></tr></table></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Condensed Interim Consolidated</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statements of Financial Position provides a summary of assets, liabilities and equity, as well as their current versus non-current nature, as at the reporting date.</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.625%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.747%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.882%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.886%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Note</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">June 30, 2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December 31, 2025</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Assets</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Current</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">assets</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$1,093,311&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$793,435&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Trade and other receivables</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15,717&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">86,362&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Value added taxes receivable</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_148" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">25</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">40,144&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">35,801&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Inventories</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_94" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">13</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">106,492&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">84,753&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other financial assets</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">14</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">155,130&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">180,386&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Prepaid expenses and other</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">23,834&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11,964&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">current</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">assets</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">1,434,628</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">1,192,701</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Non-current</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">assets</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Mining interests</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_103" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">16</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,671,426&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,680,048&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Property, plant and equipment</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_106" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">17</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">547,956&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">560,458&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Right-of-use assets</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_109" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">18</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">26,264&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">14,469&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Deposits on non-current assets</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,473&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,456&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Loan Receivable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,000&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-current trade and other receivable</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,000&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-current restricted cash</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_118" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">19</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">159,418&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">144,267&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-current value added taxes receivable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11,450&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11,130&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Deferred tax assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">73,481&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">80,386&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">assets</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4,939,096</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4,694,915</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Liabilities</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Equity</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Current</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">liabilities</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Trade and other payables</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_121" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">20</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$202,493&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$207,911&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Unearned revenue</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_70" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">6</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">592&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Current portion of debt facilities</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">21</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">54,556&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">487&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Current portion of lease liabilities</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_130" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">22</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15,462&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,792&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Income taxes payable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">286,147&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">239,357&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total current</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">liabilities</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">558,658</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">459,139</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Non-current</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">liabilities</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Debt facilities</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">21</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">248,198&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">291,729&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Lease liabilities</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_130" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">22</a></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,930&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,731&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Decommissioning liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">188,276&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">187,098&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other liabilities</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,074&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,294&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">547,009&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">570,958&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">liabilities</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,564,145</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,521,949</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Equity</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Share capital</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$3,085,678&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,079,179&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity reserves</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">216,943&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">243,801&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accumulated deficit</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(336,985)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(561,975)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Equity attributable to owners of the Company</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,965,636&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,761,005&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Non-controlling interest</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_145" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">24</a></font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">409,315&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">411,961&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">equity</font></div></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$3,374,951</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$3,172,966</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">liabilities</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">equity</font></div></td><td colspan="3" style="border-bottom:2pt solid #000;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:2pt solid #000;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4,939,096</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4,694,915</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="12" style="border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Commitments (Note </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_148" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">25</a></font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#59; Contingencies (Note </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_154" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">27</a></font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#59; Subsequent event (Note </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_163" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%;text-decoration:underline">28</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 4</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_34"></div><hr style="page-break-after:always"><div style="min-height:67.5pt;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY </font></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025</font></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(In thousands of US dollars, except share and per share amounts)</font></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Condensed Interim Consolidated Statements of Changes in Equity summarizes movements in equity, including common shares, share capital, equity reserves and retained earnings or accumulated deficit.</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:18.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.502%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.917%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.648%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.894%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.110%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.747%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.402%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.063%"></td><td 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colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#160;Shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#160;Amount </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div 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style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Balance at December 31, 2024</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">301,863,238</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net earnings for the period</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">54,812&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">54,812&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">8,007&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">62,819&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Other comprehensive income</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">28,268&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">28,268&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">28,268&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">28,268&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Total comprehensive income</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">28,268</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">28,268</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">54,812</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">83,080</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">8,007</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">91,087</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7,514&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7,514&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7,514&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7,514&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Shares issued for&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Acquisition of Gatos</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">179,640,768&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,020,359&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">26,023&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">26,023&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,046,382&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">407,096&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,453,478&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Exercise of stock options </font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;(Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23</a>(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">6,058,597&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">40,377&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(22,210)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(22,210)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">18,167&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">18,167&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Settlement of restricted and deferred share units (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23</a>(c)</font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">and </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23(e</a>)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">460,004&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">3,241&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(3,241)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(3,241)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Shares repurchased and cancelled  (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23</a>(f)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(768,500)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(4,270)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(4,270)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(4,270)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Dividends to non-controlling interest (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_145" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">24</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(9,688)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(9,688)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Dividend declared and paid </font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;(Note</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23</a>(f)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(4,939)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(4,939)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(4,939)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Balance at June 30, 2025</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">487,254,107</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$3,037,808</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$135,196</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">($12,758)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$3,945</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$126,383</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">($667,186)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$2,497,005</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$405,415</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$2,902,420</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Balance at <br>December 31, 2025</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">491,322,304</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$3,079,179</font><font 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$85,787</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$33,035</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$243,801</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">($561,975)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$2,761,005</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$411,961</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$3,172,966</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Net earnings for the period</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">237,531&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">237,531&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">35,848&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">273,379&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Other comprehensive loss</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(23,543)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(23,543)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(23,543)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(23,543)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Total comprehensive income</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(23,543)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(23,543)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">237,531</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">213,988</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">35,848</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">249,836</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7,574&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7,574&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7,574&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">7,574&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Shares issued for&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Issuance of common shares related to settlements</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">50,000&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,180&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,180&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">1,180&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Exercise of stock options </font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;(Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23</a>(b)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,120,316&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">25,700&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(8,527)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(8,527)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">17,173&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">17,173&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Settlement of restricted, preferred, and deferred share units (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23(c)</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">, </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23(d)</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">, </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23(e)</a></font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">364,201&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">2,362&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(2,362)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(2,362)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Shares repurchased (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">25</a>(a)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(1,200,000)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(22,743)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(22,743)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(22,743)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Dividends and distributions to non-controlling interest (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_145" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">24</a></font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(38,494)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(38,494)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Dividend declared and paid </font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;(Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_142" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%;text-decoration:underline">23</a>(f)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(12,541)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(12,541)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(12,541)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Balance at<br>June 30, 2026</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">492,656,821</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$3,085,678</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$121,666</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$62,244</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$33,035</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$216,943</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">($336,985)</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$2,965,636</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$409,315</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$3,374,951</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:2pt;padding-left:24.75pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:9.87pt">Share-based payments reserve records the cumulative amount recognized under IFRS 2 share-based payments in respect of stock options granted, restricted share units, deferred share units, preferred share units and shares purchase warrants issued but not exercised or settled to acquire shares of the Company.</font></div><div style="margin-bottom:2pt;padding-left:24.75pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:9.52pt">Other comprehensive income reserve principally records the unrealized fair value gains or losses related to fair value through other comprehensive income (&#34;FVTOCI&#34;) of financial instruments and re-measurements arising from actuarial gains or losses and return on plan assets in relation to San Dimas' retirement benefit plan.</font></div><div style="margin-bottom:2pt;padding-left:24.75pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:10.29pt">Equity component of 2021 convertible debenture reserve represents the estimated fair value of its conversion option of $42.3 million, net of deferred tax effect of $11.4 million. This amount is not subsequently remeasured and will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share capital. Where the conversion option remains unexercised at the maturity date of the convertible note, the balance will remain in equity reserves. In 2025, a portion of the 2021 convertible debentures were repurchased (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;text-decoration:underline">21</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">).</font></div><div style="margin-bottom:2pt;padding-left:24.75pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">(d)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;padding-left:9.52pt">Equity component of 2025 convertible debenture reserve represents the estimated fair value of its conversion option of $74.0 million, net of a deferred tax expense of $28.4 million. This amount is not subsequently remeasured and will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share capital. Where the conversion option remains unexercised at the maturity date of the convertible note, the balance will remain in equity reserves  (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%;text-decoration:underline">21</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.5pt;font-weight:400;line-height:120%">).</font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 5</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_37"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div><font><br></font></div><div><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_40"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">1.  NATURE OF OPERATIONS</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">First Majestic Silver Corp. (the &#8220;Company&#8221; or &#8220;First Majestic&#8221;) is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The Company owns four producing mines in Mexico consisting of the Santa Elena Silver&#47;Gold Mine, the San Dimas Silver&#47;Gold Mine, the Los Gatos Silver Mine (&#8220;Los Gatos&#8221;) (through the Company&#8217;s 70% interest in the Los Gatos joint venture) (see Note </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">4</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">), and the La Encantada Silver Mine. The Company also owns the Jerritt Canyon Gold Mine in Nevada, USA which the Company placed on temporary suspension on March 20, 2023 to focus on exploration, definition, and expansion of the mineral resources and optimization of mine planning and plant operations. On April 2, 2026, the Company announced that it commenced a restart plan for the Jerritt Canyon Gold Mine as a result of the new expanded Mineral Resource base combined with strengthened long-term gold price assumptions and successful drilling results over the past two years. The Company owns one additional mine currently in care and maintenance in Mexico, the San Martin Silver Mine, as well as several exploration projects. On June 19, 2026, the Company completed the sale of its previously wholly-owned subsidiary that owned 100% of the Del Toro Silver Mine to Sierra Madre Gold and Silver Ltd. (&#8220;Sierra Madre&#8221;). In addition, the Company is the 100% owner and operator of its own minting facility, First Mint, LLC (&#34;First Mint&#34;). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">First Majestic is incorporated in the Province of British Columbia, Canada, and is publicly listed on the New York Stock Exchange (&#8220;NYSE&#8221;) and the Toronto Stock Exchange (&#8220;TSX&#8221;)  under the symbol &#8220;AG&#8221;, and on the Frankfurt Stock Exchange under the symbol &#8220;FMV&#8221;. The Company&#8217;s head office and principal address is located at Suite 1800 - 925&#160;West Georgia Street, Vancouver, British Columbia, V6C 3L2, Canada.</font></div><div style="text-align:justify"><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_43"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">2.  BASIS OF PRESENTATION</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These condensed interim consolidated financial statements have been prepared in accordance with International Accounting Standard (&#8220;IAS&#8221;) 34, </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#8220;Interim Financial Reporting&#8221;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of the International Financial Reporting Standards (&#34;IFRS&#34;) as issued by the International Accounting Standards Board (&#34;IASB&#34;)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> These condensed interim consolidated financial statements should be read in conjunction with the Company&#8217;s audited consolidated financial statements as at and for the year ended December&#160;31, 2025 as some disclosures from the annual consolidated financial statements have been condensed or omitted.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These condensed interim consolidated financial statements have been prepared on a historical cost basis except for certain items that are measured at fair value including derivative financial instruments (Note </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_148" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">25</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">) and marketable securities (Note&#160;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">14</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">). All dollar amounts presented are in thousands of United States dollars unless otherwise specified.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These condensed interim consolidated financial statements incorporate the financial statements of the Company and its controlled subsidiaries. Control exists when the Company has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances, transactions, income and expenses are eliminated on consolidation.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These condensed interim consolidated financial statements were prepared using accounting policies consistent with those in the audited consolidated financial statements as at and for the year ended December&#160;31, 2025 except as outlined in Note</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_49" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">3</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </font></div><div style="text-align:justify"><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_49"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">3.  MATERIAL ACCOUNTING POLICY INFORMATION, ESTIMATES AND JUDGMENTS</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s management makes judgments in its process of applying the Company&#8217;s accounting policies in the preparation of its unaudited condensed interim consolidated financial statements. In addition, the preparation of the financial data requires that the Company&#8217;s management make assumptions and estimates of the impacts of uncertain future events on the carrying amounts of the Company&#8217;s assets and liabilities at the end of the reporting period, and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates as the estimation process is inherently uncertain. Estimates are reviewed on an ongoing basis based on historical experience and other factors that are considered to be relevant under the circumstances. Revisions to estimates and the resulting impacts on the carrying amounts of the Company&#8217;s assets and liabilities are accounted for prospectively.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In preparing the Company&#8217;s unaudited condensed interim consolidated financial statements for the three and six months ended June&#160;30, 2026, the Company applied the accounting policies, critical judgments and estimates disclosed in Note 3 of its audited consolidated financial statements for the year ended December&#160;31, 2025 and the following accounting policies, critical judgments and estimates in applying accounting policies&#58;</font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 6</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">3.  MATERIAL ACCOUNTING POLICY INFORMATION, ESTIMATES AND JUDGMENTS (continued)</font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">New and amended IFRS Accounting Standards that are effective for the current year&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the current year, the Company has applied the below amendments to the IFRS Accounting Standards as issued by the IASB that were effective for annual periods that begin on or after January 1, 2026. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The amendments provide guidance on the derecognition of a financial liability settled through electronic transfer, as well as the classification of financial assets for&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226; Contractual terms consistent with a basic lending arrangement&#59;</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226; Assets with non-recourse features&#59;</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226; Contractually linked instruments.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, the amendments introduce new disclosure requirements related to investments in equity instruments designated at fair value through other comprehensive income (&#8220;FVOCI&#8221;), and additional disclosures for financial instruments with contingent features. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These amendments were applied effective January 1, 2026 and did not have a material impact on the Company&#8217;s consolidated financial statements.</font></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Future Changes in Accounting Policies Not Yet Effective in the Current Period</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At the date of authorization of these financial statements, the Company has not applied the following new and revised IFRS Accounting Standards that have been issued but are not yet effective. Management does not expect that the adoption of the Standards listed below will have a material impact on the financial statements of the Company in future periods, except if indicated.</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Presentation and Disclosure in Financial Statements (Amendment to IFRS 18)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In April 2024, the IASB released IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 replaces IAS 1 Presentation of Financial Statements while carrying forward many of the requirements in IAS 1. IFRS 18 introduces new requirements to&#58; i) present specified categories and defined subtotals in the statement of earnings, ii) provide disclosures on management-defined performance measures (MPMs) in the notes to the financial statements, iii) improve aggregation and disaggregation. Some of the requirements in IAS 1 are moved to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and IFRS 7 Financial Instruments&#58; Disclosures. The IASB also made minor amendments to IAS 7 Statement of Cash Flows and IAS 33 Earnings per Share in connection with the new standard. IFRS 18 requires retrospective application with specific transition provisions. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The amendments are effective for annual reporting periods beginning on or after January 1, 2027, although earlier application is permitted. The Company is currently evaluating the impact of IFRS 18 on the Company&#8217;s consolidated financial statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 7</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_55"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">4.  ACQUISITION OF GATOS SILVER, INC.</font></div><div style="margin-bottom:1pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consideration and Purchase Price Allocation</font></div><div style="margin-bottom:1pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 16, 2025, the Company completed its acquisition of Gatos pursuant to a merger agreement that was entered into between the parties on September 4, 2024 (the &#34;Merger Agreement&#34;), and as a result of such acquisition, Gatos became a wholly-owned subsidiary of the Company. The Company issued an aggregate of 177,433,006 common shares of the Company to acquire all of the issued and outstanding shares of common stock of Gatos (in addition to a nominal amount of cash in lieu of fractional First Majestic common shares), resulting in former Gatos shareholders holding approximately 38% of the issued and outstanding common shares of the Company post-closing on a fully diluted basis at the closing of the transaction. In addition, the Merger Agreement provided for the issuance by First Majestic of options to purchase an aggregate of 8,242,244 First Majestic options in exchange for all existing Gatos options at exercise prices adjusted by the exchange ratio of 2.55. All existing RSUs and DSUs of Gatos were settled for an aggregate of 2,207,762 First Majestic common shares.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gatos holds a 70% interest in the Los Gatos Joint Venture, which owns the producing Los Gatos underground silver mine in Chihuahua, Mexico. The Los Gatos mine consists of approximately 103,000 hectares of mineral rights, representing a highly prospective and under-explored district with numerous silver-zinc-lead epithermal mineralized zones identified as priority targets. The acquisition was completed in order to support the Company's growth strategy by adding another cornerstone asset within a world-class mining jurisdiction to the Company's portfolio.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management has concluded that Gatos constitutes a business and, therefore, the acquisition is accounted for in accordance with IFRS 3 - Business Combinations. Given the delivery of the consideration and the fulfillment of the covenants as per the Merger Agreement, the transaction was deemed to be completed with First Majestic identified as the acquirer. Based on the opening market price of the Company&#8217;s common shares on January 16, 2025 (the &#8220;Acquisition Date&#8221;), the total consideration for the Gatos acquisition was $1.05 billion. The Company began consolidating the operating results, cash flows and net assets of Gatos from January 16, 2025 onwards.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The determination of the fair value of assets acquired and liabilities assumed is based on a detailed valuation of Gatos' net assets, utilizing income, market, and cost valuation methods conducted with the assistance of an independent third party. The determination of the fair value of assets acquired and liabilities assumed was previously reported based on preliminary estimates at the Acquisition Date. During the second quarter of 2025, the Company finalized the full and detailed valuation of the fair value of the net assets of Gatos acquired using income, market, and cost valuation methods with the assistance of an independent third party. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 8</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">4.  ACQUISITION OF GATOS SILVER, INC. (continued)</font></div><div style="margin-bottom:1pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consideration and Purchase Price Allocation (continued)</font></div><div style="margin-bottom:1pt;text-align:justify"><font><br></font></div><div style="margin-bottom:1pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total consideration for the acquisition was valued at $1.05 billion on the Acquisition Date. The following table summarizes the consideration paid as part of the purchase price&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.595%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.621%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Consideration</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">177,433,006 Consideration Shares issued to Gatos shareholders with a fair value of $5.68 per share</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$1,007,819&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,207,762 DSUs and RSUs of Gatos converted to First Majestic common shares with a fair value of $5.68 per share</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,540&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,242,244 Options of Gatos converted to First Majestic Options with an accounting fair value of $3.51 per option</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(3)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">26,023&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other consideration</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,841&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total consideration</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,054,223</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:9.11pt">Fair value of Consideration Shares was estimated at $5.68 per share based on the opening price of First Majestic&#8217;s common shares on the New York Stock Exchange on January 16, 2025. </font></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:9.11pt">Other consideration is made up of cash payments for withholding taxes and payments made for fractional shares.</font></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:9.11pt">The fair value of Options was estimated using the Black-Scholes method as at the Acquisition Date, using the following assumptions&#58;</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:84.426%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.351%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Risk-free interest rate (%)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.94% - 3.05%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected life (years)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.99</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected Volatility (%)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">58%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected dividend yield (%)</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">0.28%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 9</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">4.  ACQUISITION OF GATOS SILVER, INC. (continued)</font></div><div style="margin-bottom:1pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consideration and Purchase Price Allocation (continued)</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the purchase price allocated to the identifiable assets and liabilities of Gatos based on their estimated fair values on the Acquisition Date&#58;</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:83.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.960%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Allocation of Purchase Price</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Cash and cash equivalents</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$167,401&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Inventories</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">19,107&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Trade and other receivables</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">19,644&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">VAT receivables</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,026&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Prepaid expenses and other</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,505&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Mining interest</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,658,689&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Property, plant and equipment</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">185,261&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Right-of-use assets</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">281&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Trade and other payables</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(65,037)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Income taxes payable</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(12,717)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Lease obligations</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(415)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Decommissioning liabilities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(8,112)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(511,314)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Net assets acquired</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,461,319</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Non-controlling interests</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(407,096)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Net assets attributable to the Company</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,054,223</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)  Trade and other receivables are expected to be fully recoverable.</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Cash acquired by the Company on the Acquisition Date was $159.6 million net of withholding taxes on RSU settlements and payments made for fractional shares amounting to $7.8 million. </font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:6pt"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 10</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">4.  ACQUISITION OF GATOS SILVER, INC. (continued)</font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consideration and Purchase Price Allocation (continued)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company used discounted cash flow models to determine the fair value of the depletable mining interest. The expected future cash flows are based on estimates of future silver, gold, lead, zinc and copper prices, estimated quantities of mineral reserves and mineral resources, expected future production costs and capital expenditures based on the life of mine plans at the Acquisition Date. The discounted future cash flow models used a 6.00% discount rate based on the Company&#8217;s assessment of country risk, project risk and other potential risks specific to the acquired mining interest. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The significant assumptions used in the determination of the fair value of the mining interests were as follows&#58;</font></div><div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.205%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average long-term prices&#58;</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$28.50</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$2,200</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Zinc</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$1.25</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lead</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$1.10</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$4.50</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6.0%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average grades over life of mine&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">150 g&#47;t</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">0.21 g&#47;t</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Zinc</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.84%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lead</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.01%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">0.20%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average recovery rate&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">88.20%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">54.20%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Zinc</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">63.10%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lead</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">88.10%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">74.00%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mine life (years)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10</font></td></tr></table></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company used a market approach to determine the fair value of exploration potential by comparing the costs of other precedent market transactions on a dollar per hectare basis. Those amounts were used to determine the range of area-based resources multiples implied within the value of transactions by other market participants. Additionally, the Company completed a secondary valuation by comparing the costs of other precedent transactions within the industry on a dollar per in situ ounce basis and selected a multiple within this range for additional ounces identified outside of the life-of-mine.  Management made a significant assumption in the determination of the fair value of exploration potential by using an implied multiple of $5,208 per hectare or $3.16 per silver equivalent ounce for a total of $536.4 million. The Company accounted for exploration potential through inclusion within non-depletable mineral interest.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 11</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_58"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">5.  SEGMENTED INFORMATION</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All of the Company&#8217;s operations are within the mining and metals industry and its major products are precious metals dor&#233; and concentrate which are refined or smelted into pure silver and gold and sold to global metal brokers. Transfer prices between reporting segments are set on an arms-length basis in a manner similar to transactions with third parties. Coins and bullion cost of sales are based on transfer prices.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">An operating segment is defined as a component of the Company that&#58;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Engages in business activities from which it may earn revenues and incur expenses&#59;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Whose operating results are reviewed regularly by the entity&#8217;s chief operating decision maker&#59; and</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">For which discrete financial information is available.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the six months ended June&#160;30, 2026, the Company's significant operating segments include its four operating mines in Mexico, including its newly acquired Los Gatos Silver mine in Chihuahua, its Jerritt Canyon Gold Mine in Nevada, United States, its minting facility in Nevada, United States and bullion store in Canada, both of which form the First Mint LLC (&#8220;First Mint&#8221;) operating segment, and its &#34;non-producing properties&#34; in Mexico which include the Del Toro and San Martin mines, which have been placed on suspension. The Jerritt Canyon Gold mine was placed on temporary suspension as of March 20, 2023 to focus on exploration, definition, and expansion of the mineral resources and optimization of mine planning and plant operations. On April 2, 2026, the Company announced that it has commenced a restart plan for the Jerritt Canyon Gold Mine as a result of the new expanded Mineral Resource base combined with strengthened long-term gold price assumptions and successful drilling results over the past two years. On June 19, 2026, the Company completed the sale of its 100% owned Del Toro Silver Mine (Note&#160;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">15</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">). &#8220;Others&#8221; consists primarily of the Company&#8217;s corporate assets including cash and cash equivalents, other development and exploration properties (Note&#160;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_103" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">16</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">), debt facilities (Note </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">21</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">), and corporate expenses which are not allocated to operating segments. The Company&#8217;s chief operating decision maker (&#8220;CODM&#8221;) evaluates segment performance based on mine operating earnings. Therefore, other income and expense items not directly related to mining operations are not allocated to the segments.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 12</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_61"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:115%">5.  SEGMENTED INFORMATION (continued)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Significant information relating to the Company&#8217;s reportable operating segments is summarized in the tables below&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.531%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.940%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.043%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2026 and 2025</font></td><td 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1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Santa Elena</font><font 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1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$58,257</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$15,157</font><font 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">74,494&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">37,306&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,543&#160;</font></td><td 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style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">18,311</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2025</font></td><td 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1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">13,346&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,138&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">14,459&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">73,210</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">19,709</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">4,061</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">49,440</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">6,091</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">21,072&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">17,241&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,821&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,300&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;&#160;&#160;Non-producing Properties</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">3</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(3)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(181)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">20&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(20)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">517&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">United States </font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font 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style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">651</font><font 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(11,820)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(7,275)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,997)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,278)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Consolidated</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$415,499</font><font 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style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$48,414</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$223,616</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$65,062</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$264,229</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$141,139</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$73,739</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$49,351</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$56,001</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) The First Mint segment is inclusive of operations from the Company's bullion store and its minting facility located in Nevada. This segment generated coin  and bullion revenue of $3.7 million (June&#160;30, 2025 - $7.8 million) through the sale of 45,783 silver ounces (June&#160;30, 2025 - 231,506) at an average price of $81.78 per ounce (June&#160;30, 2025 - $33.58).</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Santa Elena and Jerritt Canyon have incurred mine holding costs related to care and maintenance and temporary suspension activities (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_79" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">9</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">).</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">During the three months ended June 30, 2026, the Company had seven (June&#160;30, 2025 - five) customers that accounted for 99% (June&#160;30, 2025 - 99%) of its sales revenue, with three major customers accounting for 84% of total revenue, each contributing  34%, 28%, and 22%, respectively (June&#160;30, 2025 - two customers accounted for 78%).</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 13</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_64"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-top:5pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:115%">5.  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style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.335%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2026 and 2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;Revenue</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 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style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">10,272</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">39,030&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">32,129&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,370&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(469)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,488&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Non-producing Properties</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td 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0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">39&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">1,304</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(1,304)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">9,769</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">278&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">47&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,331&#160;</font></td><td 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">18,226</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">4,935</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">315</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">12,976</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15,641&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,141&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">266</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">722</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(988)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">1,167</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2025</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">140&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,120&#160;</font></td><td 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style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">(35,842)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" 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style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Consolidated</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$892,167</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$297,485</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$104,470</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$490,212</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$114,123</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$508,171</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$258,856</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$136,159</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$113,156</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$106,955</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) The First Mint segment is inclusive of operations from the Company's bullion store and its minting facility located in Nevada. This segment generated coin  and bullion revenue of $18.2 million (June&#160;30, 2025 - $15.6 million) from coins and bullion sales of 219,192 silver ounces (June&#160;30, 2025 - 475,371) at an average price of $83.15 per ounce (June&#160;30, 2025 - $32.90). </font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Santa Elena and Jerritt Canyon have incurred mine holding costs related to care and maintenance and temporary suspension activities (<a href="#if2ebd7f03a1c4624a4c126a00ede22dc_79" style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:none">Note </a></font><font style="color:#3051f2;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_79" style="color:#3051f2;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:120%;text-decoration:underline">9</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">).</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June&#160;30, 2026, the Company had seven (June&#160;30, 2025 - five) customers that accounted for 98% (June&#160;30, 2025 - 97%) of its sales revenue, with three major customers accounting for 73% of total revenue, each contributing 27%, 26% and 21% (June&#160;30, 2025 -  two major customer accounted for 80%).</font></div><div style="margin-top:5pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 14</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_67"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-top:5pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:115%">5.  SEGMENTED INFORMATION (continued)</font></div><div style="margin-top:5pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.701%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.186%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.987%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.987%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.987%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.987%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:8.987%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.998%"></td><td style="width:0.1%"></td></tr><tr style="height:18pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">At June 30, 2026 and<br>December 31, 2025</font></td><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;Total <br>assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total liabilities</font></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Producing</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font 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1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$158,193</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">26,938&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">55,102&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font 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colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">52,023</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">9,847</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" 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style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,564,145</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font 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1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$827,421</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$560,458</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$3,240,506</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4,694,915</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,521,949</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr></table></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 15</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_70"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">6.  REVENUES</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The majority of the Company&#8217;s revenues are from the sale of precious metals contained in dor&#233; and concentrate form. The Company&#8217;s primary products are precious metals (silver and gold). Revenues from the sale of metal, including by-products, are recorded net of smelting and refining costs. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues for the period are summarized as follows&#58;</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:30.625%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.894%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.186%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.194%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="15" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="6" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">revenue</font><font 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style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160; &#160;Silver</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$248,570&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$143,897&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$564,827&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$283,124&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160; &#160;Gold</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">119,925&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88,816&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">256,515&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">170,406&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Lead</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,484&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,741&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,941&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,681&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Zinc</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,692&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,952&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,152&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,658&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;&#160;Copper</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,568&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">320</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,742&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">849</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross revenue</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">414,239</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">100</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">264,726</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">100</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">895,177</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">100</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">510,718</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">100</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less&#58; smelting and refining costs</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,260&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(497)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,010)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,547)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$415,499</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$264,229</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$892,167</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$508,171</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, the Company had $nil in unearned revenue (December 31, 2025 - $0.6 million) that has not satisfied performance obligations. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.85pt">Gold Stream Agreement with Royal Gold Inc. (formerly Sandstorm Gold Ltd.)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Santa Elena mine is subject to a gold streaming agreement with Royal Gold Inc. (&#8220;Royal Gold&#8221;), which requires the Company to sell to Royal Gold 20% of its gold production from certain mining concessions, over the life-of-mine from its leach pad and certain underground operations. The selling price to Royal Gold is the lesser of the prevailing market price or $450 per ounce, subject to a 1% annual inflation adjustment. During the three and six months ended June 30, 2026, the Company delivered zero ounces (June&#160;30, 2025 - zero ounces) of gold to Royal Gold.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b)&#160;&#160;&#160;&#160;Net Smelter Royalty</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Ermita&#241;o mine (part of Santa Elena) has a net smelter return (&#34;NSR&#34;) royalty agreement with Orogen Royalties Inc. that provides them with a 2% NSR royalty of production. In addition, there is an underlying NSR royalty where Osisko Gold Royalties Ltd. retains a 2% NSR royalty from the sale of mineral products extracted from the Ermita&#241;o mine. For the three and six months ended June 30, 2026, the Company incurred $5.1 million and $10.0 million (June&#160;30, 2025 - $3.1 and $5.9 million) in NSR royalty payments in connection with production from Ermita&#241;o.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2022, the Company sold a portfolio of its existing royalty interests to Metalla Royalty and Streaming Limited (&#34;Metalla&#34;). Under the agreement, the Company has granted Metalla a 100% gross value royalty for the first 1,000 ounces of gold produced annually from the La Encantada property. For the three and six months ended June 30, 2026, the Company has incurred $0.2 and $0.4 million (June&#160;30, 2025 - $0.1 and $0.2 million) in royalty payments from gold production at La Encantada.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Los Gatos Silver Mine is subject to the terms of an exploration, exploitation and unilateral promise of assignment of rights agreement with La Cuesta International S.A. de C.V. (&#34;La Cuesta&#34;) dated May 4, 2006. The Los Gatos Silver Mine is required to pay a production royalty to La Cuesta of a) 2% net smelter return on production from the concession until all payments reach $10 million and b) 0.5% net smelter return on production from the concession after total payments have reached $10 million and c) 0.5% net smelter return on production from other property within a one-kilometer boundary of the Los Gatos Silver Mine. The agreement has no expiration date&#59; however, Gatos may terminate the agreement upon a 30-day notice. As of June 30, 2026 all royalties payable to La Cuesta have been completed and no additional amounts will be due.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three and six months ended June 30, 2026, the Company has incurred $nil and $nil (June&#160;30, 2025 - $0.3 and $0.6 million) in NSR royalty payments in connection with production from Los Gatos.</font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 16</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">6.  REVENUES (continued)</font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(c)   Gold Stream Agreement with Wheaton Precious Metals Corporation</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2018, the San Dimas mine entered into a purchase agreement with Wheaton Precious Metals International (&#34;WPMI&#34;), a wholly owned subsidiary of Wheaton Precious Metals Corp., which entitles WPMI to receive 25% of the gold equivalent production (based on a fixed exchange ratio of 70 silver ounces to 1 gold ounce) at San Dimas in exchange for ongoing payments equal to the lesser of $600 (subject to a 1% annual inflation adjustment) and the prevailing market price for each gold equivalent ounce delivered. Should the average gold to silver ratio over a six-month period exceed 90&#58;1 or fall below 50&#58;1, the fixed exchange ratio would be increased to 90&#58;1 or decreased to 50&#58;1, respectively. The fixed gold to silver exchange ratio as of June 30, 2026 was 70&#58;1. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three and six months ended June&#160;30, 2026, the Company delivered 5,984 and 13,654 ounces (June&#160;30, 2025 -  8,962 and 16,198 ounces) of gold to WPMI at $648 and $645 per ounce (June&#160;30, 2025 -  $640 and $638 per ounce). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_73"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">7.  COST OF SALES</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales are costs that are directly related to production and generation of revenues at the operating segments. Significant components of cost of sales, excluding depletion, depreciation and amortization are comprised of the following&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.367%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.209%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Labour costs</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$63,388&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$57,849&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$128,570&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$106,426&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Consumables and materials</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,033&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,363&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66,031&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">60,502&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Energy</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,864&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,910&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,987&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,207&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Maintenance</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,475&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,791&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,242&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,654&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Assays and labwork</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">988&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">762&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,862&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,454&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Insurance</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,068&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,502&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,486&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,873&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other costs</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,241&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,834&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,959&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,197&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Production costs</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$121,057</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$114,011</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$245,137</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$213,313</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transportation and other selling costs</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,797&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,381&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,000&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,982&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Workers' participation costs</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,564&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,920&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,680&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,523&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Environmental duties and royalties</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,096&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,985&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,416&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,396&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finished goods inventory changes</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12,194)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,086&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(19,172)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,886&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,149&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,756&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,424&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,756&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cost of Sales</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$143,469</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$141,139</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$297,485</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$258,856</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) Other costs (within production costs) include services such as machinery rentals, rights and land access payments, corporate staff support, and diamond drilling.</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Other costs in 2026 relate to elevated maintenance costs associated with a rockfall on the main ramp, and unplanned equipment maintenance at Los Gatos, along with disruptions due to now resolved labor negotiations and equipment failure at San Dimas. Other costs in 2025 include elevated waste costs from ore below cut-off grade at La Encantada and elevated maintenance and energy costs at Santa Elena along with higher diesel generator rental costs and energy charges driven by weather related events at San Dimas.</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">  </font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 17</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_76"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">8.  GENERAL AND ADMINISTRATIVE EXPENSES</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">General and administrative expenses are incurred to support the administration of the business that are not directly related to production. Significant components of general and administrative expenses are comprised of the following&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.367%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.057%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.057%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.911%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.918%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Corporate administration</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,034&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,517&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$5,458&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$6,547&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Salaries and benefits</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,582&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,281&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,374&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,209&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Audit, legal and professional fees</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,625&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,795&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,234&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,886&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Filing and listing fees</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">171&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">427&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">382&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">613&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Directors' fees and expenses</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">155&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">171&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">326&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">300&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">365&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">319&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">732&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">673&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$13,932</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$12,510</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$29,506</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$25,228</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_79"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">9.  MINE HOLDING COSTS</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s mine holding costs are primarily comprised of labour costs associated with care and maintenance staff, electricity, security, environmental and community support costs for the following mines which are currently under temporary suspension&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.075%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.350%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.355%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Del Toro</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#003366;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$410&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$443&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$912&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$881&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">San Martin (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_163" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">28</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">206&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">253&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Santa Elena</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">305&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,135&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,131&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,826&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Jerritt Canyon</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,471&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,650&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,765&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,332&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$5,217</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$5,323</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$10,014</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$10,292</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)  On June 19, 2026, the Company completed the sale of its previously wholly-owned subsidiary that owned 100% of the Del Toro Silver Mine to Sierra Madre Gold and Silver Ltd. (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">15</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">).</font></div><div style="margin-top:5pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)  During the three and six months ended June 30, 2026, the Company incurred $0.3</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$1.1 million (June&#160;30, 2025 - $1.1 and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$1.8 million) in holding costs relating to care and maintenance activities at the Santa Elena Mine. The mine resumed production on May 15, 2026, and accordingly, care and maintenance costs incurred during the current period primarily relate to the period prior to the restart of operations.</font></div><div style="margin-top:5pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_82"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">10.  INVESTMENT AND OTHER INCOME</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s investment and other income (loss) are comprised of the following&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.929%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.209%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain (loss) from investment in silver futures contracts</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,531&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,609&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$9,884&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">($1,712)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain from investment in marketable securities (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">14</a>(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,777&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,109&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">487&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,268&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest income and other</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,701&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,616&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,993&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,283&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$6,009</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$6,334</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$19,364</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$6,839</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt"><font><br></font></div><div style="margin-top:5pt"><font><br></font></div><div style="margin-top:5pt"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 18</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_85"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">11.  FINANCE COSTS</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance costs are primarily related to interest and accretion expense on the Company&#8217;s debt facilities, lease liabilities and accretion of decommissioning liabilities. The Company&#8217;s finance costs in the periods are summarized as follows&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.052%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.969%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.350%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.355%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Debt facilities</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> (Note </font><font style="color:#3051f2;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#3051f2;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">21</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$5,723&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,071&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$11,307&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$6,130&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accretion of decommissioning liabilities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,825&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,784&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,628&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,530&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lease liabilities (Note </font><font style="color:#3051f2;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_130" style="color:#3051f2;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">22</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">496&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">436&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">884&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">913&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest and other</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">548&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,507&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,136&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,188&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$9,592</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$7,798</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$18,955</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$14,761</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) During the three and six months ended June 30, 2026, finance costs for debt facilities include non-cash accretion expense of $5.3</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">and $10.5 million (June&#160;30, 2025 -  $2.6 and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$5.2 million).</font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_88"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">12.  EARNINGS PER SHARE</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic earnings or loss per share is the net earnings attributable to owners of the Company divided by the weighted average number of common shares outstanding during the periods. Diluted net earnings per share adjusts basic net earnings per share for the effects of potential dilutive common shares. The calculations of basic and diluted earnings per share for the periods ended June&#160;30, 2026 and 2025 are as follows&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.490%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.350%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.356%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net earnings for the year</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$125,893&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$56,579&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$273,379&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$62,819&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net earnings attributable to non-controlling interests</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,460&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,031&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,848&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,007&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net earnings attributable to the owners of the Company</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">109,433&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,548&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">237,531&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54,812&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Add&#58; finance costs on 2021 Senior Convertible Debentures, net of tax (Note </font><font style="color:#3051f2;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#3051f2;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">21</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">488&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">986&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Diluted net earnings attributable to the owners of the Company</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$109,921</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$52,548</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$238,517</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$54,812</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted average number of shares on issue - basic</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">493,335,474&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">485,086,253&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">493,106,818&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">469,163,327&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect on dilutive securities&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock options</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,575,474&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,726,311&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,009,123&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,689,540&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted, performance and deferred share units</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,080,012&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,767,822&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,156,940&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,777,109&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Convertible debt shares</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,338,890&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,338,890&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted average number of shares on issue - diluted</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">501,329,850</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">488,580,386</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">501,611,771</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">472,629,976</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings per share - basic</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.22</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.11</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.48</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.12</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="background-color:#cfdbff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings per share - diluted</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.22</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.11</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.48</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.12</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:4.61pt">For the three and six months ended June 30, 2026, diluted weighted average number of shares excluded 738,367 and 134,827 options (June&#160;30, 2025 - 6,699,436 and 8,035,000), 46,402</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">23,329 restricted and performance share units (June&#160;30, 2025 - 1,649 and 9,637), 15,652,945 common shares issuable under the 2025 convertible debentures (June&#160;30, 2025 - 13,888,895 shares issuable under the 2021 convertible debentures), (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">21(a)</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">), that were anti-dilutive.</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 19</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_94"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">13.  INVENTORIES</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inventories consist primarily of materials and supplies and products of the Company&#8217;s operations, in varying stages of the production process, and are presented at the lower of weighted average cost or net realizable value. </font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.522%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30,<br>2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31,<br>2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finished goods</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$15,370&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$9,661&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Work-in-process</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,656&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,675&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stockpile</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,692&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,747&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver coins and bullion</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,891&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,089&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Materials and supplies</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,883&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52,581&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$106,492</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$84,753</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The amount of inventories recognized as an expense during the period is equivalent to the total of cost of sales plus depletion, depreciation and amortization for the period. As at June&#160;30, 2026, there was no write down in inventories, which consist of stockpile, work-in-process and finished goods (December 31, 2025 - $nil).</font></div><div style="text-align:justify"><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_97"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">14.  OTHER FINANCIAL ASSETS</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, other financial assets consist of the Company&#8217;s investment in marketable securities comprised of the following&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.522%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30,<br>2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31,<br>2025</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FVTPL marketable securities (a)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$25,683&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$26,168&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FVTOCI marketable securities (b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">129,447&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">154,218&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total other financial assets</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$155,130</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$180,386</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) During the three and six months ended June 30, 2026, the Company recorded $3.2 and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$6.3 million in realized gains and $15.9 and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$29.8 million in unrealized losses, respectively, on FVTOCI investments.</font></div><div style="margin-top:5pt"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.85pt">Fair Value through Profit or Loss (&#34;FVTPL&#34;) Marketable Securities</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gain on marketable securities designated as FVTPL for the three and six months ended June 30,2026 was $2.8 and $0.5 million (June&#160;30, 2025 - gain of $1.1 and $1.3 million) and was recorded through profit or loss.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b)   Fair Value through Other Comprehensive Income (&#34;FVTOCI&#34;) Marketable Securities</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Changes in fair value of marketable securities designated as FVTOCI for the three and six months ended June 30, 2026 was a loss of $12.7 and $23.5&#160;million (June 30, 2025 - gain of $14.0 and $28.3 million), net of tax, and were recorded through other comprehensive income and will not be transferred into earnings or loss upon disposition or impairment. The Company made the irrevocable election to designate these equity securities as FVTOCI because these financial assets are not held for trading and are not contingent consideration recognized in a business combination. As at June&#160;30, 2026, the carrying value of all shares designated at FVTOCI was $129.4 million (December 31, 2025 - $154.2 million).</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 20</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_100"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">15.  DIVESTITURES</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 17, 2025, the Company announced that it had entered into a definitive agreement to sell its subsidiary that owns 100% of the Del Toro Silver Mine (&#8220;Del Toro&#8221;) to Sierra Madre for total consideration in cash and shares of up to $60 million, comprised of upfront consideration of $20 million in cash and $10 million in common shares of Sierra Madre (&#8220;Sierra Madre Shares&#8221;) at a deemed price of CAD$1.30 per share, payable upon closing, and an additional $30 million in delayed and contingent consideration in cash or, at Sierra Madre&#8217;s option, Sierra Madre Shares. Closing of the transaction is conditional upon Sierra Madre completing a concurrent private placement financing of at least CAD$40 million in gross proceeds and other customary conditions, including approval of the TSXV, Mexican Antitrust approval and approval by the disinterested shareholders of Sierra Madre.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company previously concluded that the sale did not meet the IFRS&#8239;5 criteria for classification as held for sale, given the uncertainty around satisfying all closing conditions within one year. However, the announcement of the definitive agreement along with the implied price within the contract represented an indicator of impairment reversal under IAS&#8239;36 in 2025. Del Toro is considered a separate CGU within the Company&#8217;s non-producing properties segment. Therefore, the carrying amount of Del Toro was remeasured to its recoverable amount, being its FVLCD, based on the fair value of the expected proceeds from the sale at December 31, 2025. This includes the upfront consideration of $20 million in cash, $10 million in common shares of Sierra Madre and $10 million receivable within 18 months of closing in cash or, at Sierra Madre&#8217;s option, Sierra Madre Shares. The Company has excluded the $20 million in delayed and contingent consideration from the calculation of the recoverable amount. During 2025, the Company recorded a $20.3 million reversal of impairment related to the Del Toro assets, based on the recoverable amount implied by the definitive agreement. The impairment reversal amount does not increase the carrying amount above what it would have been had no impairment been recognized in prior periods.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Out of the impairment reversal of $20.3 million recorded in Q4 2025 related to Del Toro, $10.6 million was allocated to depletable mining interest, $6.3 million was allocated to non-depletable mining interest with the remaining $3.4 million allocated to property, plant and equipment, resulting in a total impairment reversal of $20.3 million. The recoverable amount of Del Toro, being its FVLCD was $40.0 million, based on the expected proceeds from the sale. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 19, 2026, the Company completed the sale of Del Toro to Sierra Madre. The Company completed an assessment of its carrying value, compared the fair value immediately prior to disposition, resulting in an additional impairment reversal of $1.9 million. Out of the impairment reversal, $1.1 million was allocated to depletable mining interest, $0.5 million was allocated to non-depletable mining interest with the remaining $0.4 million allocated to property, plant and equipment. The Company has accounted for the common shares received from Sierra Madre as an equity security at FVTOCI (Note&#160;</font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">14</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 21</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_103"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">16.  MINING INTERESTS</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mining interests primarily consist of acquisition, development, exploration and exploration potential costs directly related to the Company&#8217;s operations and projects. Upon commencement of commercial production, mining interests for producing properties are depleted on a unit-of-production basis over the estimated economic life of the mine. In applying the unit-of-production method, depletion is determined using quantity of material extracted from the mine in the period as a portion of total quantity of material, based on reserves and resources, considered to be highly probable to be economically extracted over the life of mine plan.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s mining interests are comprised of the following&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.522%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30,<br>2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31,<br>2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depletable properties</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,971,547&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,852,627&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-depletable properties (exploration and evaluation costs, exploration potential)</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">699,879&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">827,421&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$2,671,426</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$2,680,048</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depletable properties are allocated as follows&#58;</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.110%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.525%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.110%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.110%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:9.133%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.121%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Depletable properties</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Los Gatos</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Jerritt Canyon</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-producing</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Properties</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cost</font></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2024</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$205,599</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$392,754</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$132,146</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$492,830</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$210,889</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,434,218</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,366&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">32,188&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">24,866&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,214&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">74,634&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Change in decommissioning liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">495&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(322)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">980&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,238&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,239&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,957&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,587&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Acquisition of Gatos (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,122,262&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,122,262&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfer from non-depletable properties</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">35,393&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,386&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,202&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">40,981&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$252,853</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,154,128</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$422,986</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$140,800</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$496,069</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$212,846</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$2,679,682</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,673&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,674&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,083&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,709&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">46,139&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Disposition of Del Toro (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(50,215)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(50,215)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfer from non-depletable properties</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,468&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">127,327&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14,912&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,509&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">156,216&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$269,994</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,299,129</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$454,981</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$149,018</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$496,069</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$162,631</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$2,831,822</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="9" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Accumulated depletion, amortization and impairment </font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2024</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($83,866)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($171,097)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($112,780)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($136,161)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($150,424)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($654,328)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depletion and amortization</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(23,202)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(116,590)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(37,676)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,844)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(183,312)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Reversal of impairment (Note</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,585&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,585&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($107,068)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($116,590)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($208,773)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($118,624)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($136,161)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($139,839)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($827,055)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depletion and amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,733)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(40,114)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(15,685)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,919)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(62,451)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Disposition of Del Toro (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28,173&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28,173&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Impairment reversal (Note</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,058&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,058&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($111,801)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($156,704)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($224,458)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($120,543)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($136,161)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($110,608)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($860,275)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Carrying values</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$145,785</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,037,538</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$214,213</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$22,176</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$359,908</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$73,007</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,852,627</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$158,193</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,142,425</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$230,523</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$28,475</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$359,908</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$52,023</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,971,547</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) Non-producing properties include the San Martin (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_163" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">28</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">) and Del Toro mines. On June 19, 2026, the Company completed the sale of its 100% owned, past-producing Del Toro Silver Mine (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">15</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">).</font></div><div><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 22</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">16.  MINING INTERESTS (continued)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Non-depletable properties costs are allocated as follows&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.805%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.221%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.513%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.389%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.513%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.389%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.097%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.513%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.646%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-depletable</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">properties</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Santa</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Elena</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Los Gatos</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Jerritt Canyon</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Non-producing</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Properties</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Exploration Projects</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Springpole<br>Stream</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2024</font></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$67,029</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$40,718</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$4,712</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$91,117</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$14,875</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$24,324</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$11,856</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$254,632</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Exploration and evaluation expenditures</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,221&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,759&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17,496&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,478&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,986&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">451&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">495&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,153&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">71,039&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Acquisition of Gatos (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">536,427&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">536,427&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Reversal of Impairment (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,304&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,304&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfer to depletable properties</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(35,393)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,386)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,202)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(40,981)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$56,857</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$549,186</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$53,828</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$5,988</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$99,103</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$21,630</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$24,819</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$16,009</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$827,421</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Exploration and evaluation expenditures</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,958&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,708&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10,542&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,787&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,378&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">68&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">465&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">38,906&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Disposition of Del Toro (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">0</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10,746)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10,746)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Impairment reversal (Note</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">515&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">515&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfer to depletable properties</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(10,468)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(127,327)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(14,912)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,509)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,620)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,620&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(156,216)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$59,347</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$428,567</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$49,458</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$4,266</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$105,481</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$9,847</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$26,904</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$16,009</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$699,879</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) Non-producing properties include the San Martin (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_163" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">28</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">) and Del Toro mines. On June 19, 2026, the Company completed the sale of its 100% owned, past-producing Del Toro Silver Mine (Note 15).</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Exploration projects include the La Luz, Los Amoles, Jalisco Group of Properties and Jimenez del Tuel projects. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.85pt">Santa Elena Silver&#47;Gold Mine, Sonora State, Mexico</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Santa Elena mine is subject to a gold streaming agreement with Royal Gold, which requires the Company to sell to Royal Gold 20% of its gold production over the life-of-mine from its leach pad and underground operations. The selling price to Royal Gold is the lesser of the prevailing market price or $450 per ounce, subject to a 1% annual inflation adjustment. During the three and six months ended June 30, 2026, the Company delivered nil ounces (June&#160;30, 2025 - nil ounces) of gold to Royal Gold.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Ermita&#241;o mine has a net smelter return (&#34;NSR&#34;) royalty agreement with Orogen Royalties Inc. that provides them with a 2% NSR royalty of production. In addition, there is an underlying NSR royalty where Osisko Gold Royalties Ltd. retains a 2% NSR royalty from the sale of mineral products extracted from the Ermita&#241;o property. During the three and six months ended June 30, 2026, </font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the Company has </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">incurred $5.1 and $10.0 million (June&#160;30, 2025 - $3.1 and $5.9 million) in NSR royal</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ty payments in connection with production from Ermita&#241;o.</font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">        (b)   Los Gatos Silver Mine, Chihuahua State, Mexico</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the acquisition, the Company now holds a 70% interest in the Los Gatos underground mine in Chihuahua, Mexico. The remaining 30% is owned by a non-controlling partner. The Los Gatos Silver Mine produces zinc and lead concentrates, both of which contain payable silver, as well as gold in its concentrate form. Zinc and lead contribute approximately 75% and 25% of total revenues, respectively.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Los Gatos Silver Mine is subject to the terms of an exploration, exploitation and unilateral promise of assignment of rights agreement with La Cuesta International S.A. de C.V. (&#34;La Cuesta&#34;) dated May 4, 2006. The Los Gatos Silver Mine is required to pay a production royalty to La Cuesta of a) 2% net smelter return on production from the concession until all payments reach $10 million and b) 0.5% net smelter return on production from the concession after total payments have reached $10 million and c) 0.5% net smelter return on production from other property within a one-kilometer boundary of the Los Gatos Silver Mine. The agreement has no expiration date&#59; however, Gatos may terminate the agreement upon a 30-day notice. </font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 23</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">16.  MINING INTERESTS (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b)   Los Gatos Silver Mine, Chihuahua State, Mexico (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three and six months ended June 30, 2026, the Company has incurred $nil (June&#160;30, 2025 - $0.3 and $0.6 million) in NSR royalty payments in connection with production from Los Gatos.</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(c)   San Dimas Silver&#47;Gold Mine, Durango State, Mexico</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The San Dimas Mine is subject to a gold and silver streaming agreement with WPMI which entitles WPMI to receive 25% of the gold equivalent production (based on a fixed exchange ratio of 70 silver ounces to 1 gold ounce) at San Dimas in exchange for ongoing payments equal to the lesser of $600 (subject to a 1% annual inflation adjustment commencing in May 2019) and the prevailing market price for each gold ounce delivered. Should the average gold to silver ratio over a six-month period exceed 90&#58;1 or fall below 50&#58;1, the fixed exchange ratio would be increased to 90&#58;1 or decreased to 50&#58;1, respectively. The fixed gold to silver exchange ratio as of June 30, 2026 was 70&#58;1.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three and six months ended June&#160;30, 2026, the Company delivered 5,984 and 13,654 ounces (June&#160;30, 2025 -  8,962 and 16,198 ounces) of gold to WPMI at $648 and $645 per ounce (June&#160;30, 2025 -  $640 and $638 per ounce). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(d)   La Encantada Silver Mine, Coahuila State, Mexico</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2022, the Company sold a portfolio of its existing royalty interests to Metalla Royalty and Streaming Limited. Under the terms of the agreement, the Company is required to pay a 100% gross value royalty on the first 1,000 ounces of gold produced annually from the La Encantada property. For the three and six months ended June 30, 2026, the Company has incurred $0.2 and $0.4 million (June&#160;30, 2025 - $0.1 and $0.2 million) in royalty payments from gold production at La Encantada.</font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(e)   Jerritt Canyon Gold Mine, Nevada, United States</font></div><div style="padding-left:18pt;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Jerritt Canyon Mine is subject to a 0.75% NSR royalty on production of gold and silver from the Jerritt Canyon mines and processing plant. The royalty is applied, at a fixed rate of 0.75%, against proceeds from gold and silver products after deducting treatment, refining, transportation, insurance, taxes and levies charges.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Jerritt Canyon Mine is also subject to a 2.5% to 5% NSR royalty relating to the production of gold and silver within specific boundary lines at certain mining areas. The royalty is applied, at a fixed rate of 2.5% to 5.0%, against proceeds from gold and silver products. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the  three and six months ended June 30, 2026, the Company has incurred $nil in royalty payments from gold production at Jerritt Canyon (June&#160;30, 2025 - $nil). </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(f)   Springpole Silver Stream, Ontario, Canada </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In July 2020, the Company completed an agreement with First Mining Gold Corp. (&#8220;First Mining&#8221;) to purchase 50% of the life-of-mine payable silver produced from the Springpole Gold Project (the &#8220;Springpole Silver Stream&#8221;), a development-stage gold project located in Ontario, Canada. First Majestic agreed to pay First Mining consideration of $22.5 million in cash and shares, in three milestone payments, for the right to purchase silver at a price of 33% of the silver spot price per ounce, to a maximum of $7.50 per ounce (subject to annual inflation escalation of 2%, commencing at the start of the third anniversary of production). Commencing its production of silver, First Mining must deliver 50% of the payable silver which it receives from the off taker within five business days of the end of each quarter. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The transaction consideration paid by First Majestic is summarized as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">The first payment of $10.0 million, consisting of $2.5&#160;million in cash and $7.5 million in First Majestic common shares (805,698 common shares), was paid to First Mining on July 2, 2020&#59;</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">The second payment of $7.5 million, consisting of $3.75 million in cash and $3.75 million in First Majestic common shares (287,300 common shares), was paid on January 21, 2021 upon the completion and public announcement by First Mining of the results of a Pre-Feasibility Study for Springpole&#59; and</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 24</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">16.  MINING INTERESTS (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(f)   Springpole Silver Stream, Ontario, Canada (continued)</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:13.02pt">The third payment of $5.0 million was originally scheduled to be made as a combination of cash and First Majestic common shares. On March 13, 2025, the Company signed an amendment agreement (the &#8220;Amended Springpole Stream Agreement&#8221;) to the original streaming agreement for the Springpole property (the &#8220;Springpole Stream Agreement&#8221;) among the Company, Gold Canyon Resources Inc. (a wholly-owned subsidiary of First Mining) and First Mining to accelerate the final tranche payment owed by the Company under the Springpole Stream Agreement, and to make such final payment a cash only payment of $5 million (previously, this final payment was to be a combination of cash and Common Shares of the Company), payable by the Company by March 31, 2025. The Company made this final payment to First Mining prior to March 31, 2025. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the Springpole Stream Agreement, First Mining also granted First Majestic 32.1 million common share purchase warrants of First Mining (the &#8220;First Mining Warrants&#8221;) that entitle the Company to purchase one common share of First Mining at CAD$0.40 expiring July 2, 2025. The fair value of the warrants was measured at $5.7 million using the Black-Scholes option pricing model. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the Amended Springpole Stream Agreement, First Mining agreed to extend the expiry date of the First Mining Warrants to March 31, 2028 and to amend the exercise price to CAD$0.20. The fair value of the warrants was measured at $0.8 million using the Black-Scholes option pricing model, with fair value adjustments going through profit and loss.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 16, 2025, the Company exercised all of its First Mining Warrants at the exercise price of CAD$0.20 for a total cash payment of $4.7 million, and as a result, the Company received 32.1 million common shares of First Mining.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">First Mining has the right to repurchase 50% of the silver stream from First Majestic for $22.5 million at any time prior to the commencement of production at Springpole, and if such a repurchase takes place, the Company will be left with a reduced silver stream of 25% of life-of-mine payable silver production from Springpole. First Mining is a related party with two independent board members who are also directors and&#47;or officers of First Majestic.</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 25</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_106"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">17.  PROPERTY, PLANT AND EQUIPMENT</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The majority of the Company's property, plant and equipment is used in the Company's operating mine segments. Property, plant and equipment is depreciated using either the straight-line or units-of-production method over the shorter of the estimated useful life of the asset or the expected life of mine. Where an item of property, plant and equipment comprises of major components with different useful lives, the components are accounted for as separate items of property, plant and equipment. Assets under construction are recorded at cost and re-allocated to land and buildings, machinery and equipment or other when they become available for use. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property,&#160;plant&#160;and&#160;equipment&#160;are&#160;comprised&#160;of&#160;the&#160;following&#58;&#160;</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:40.334%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.198%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.888%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Land and Buildings</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Machinery and Equipment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Assets under Construction</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Other</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cost</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2024</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$257,814</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$648,441</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$43,322</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$40,123</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$989,699</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,427&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11,658&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">53,605&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">485&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">67,175&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Acquisition of Gatos (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">103,465&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">71,951&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,493&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">354&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">185,263&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfers and disposals</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,200&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,679&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(21,343)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">201&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(8,263)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$85,078</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$41,163</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,233,874</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,434&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">27,421&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">223&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,079&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Disposition of Del Toro (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(55,770)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(55,901)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">166&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(882)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(112,387)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfers and disposals</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">4,529&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">9,917&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(19,707)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,790&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,471)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$315,665</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$696,179</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$92,958</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$42,294</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,147,095</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="12" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 10pt;text-align:left;text-indent:-9pt;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Accumulated depreciation, amortization and impairment reversal</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2024</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($172,915)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($407,824)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($30,330)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($611,069)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(26,378)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(39,862)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,931)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(69,171)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Impairment reversal (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,448&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,448&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfers and disposals</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">23&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,301&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,376&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($199,270)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($440,937)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($33,209)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($673,416)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(12,585)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(20,102)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,268)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(33,955)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Disposition of Del Toro (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,067&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">52,070&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">936&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">105,073&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Impairment reversal (Note</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%"> </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">346&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">346&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfers and disposals</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,671&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">142&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,813&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($159,442)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($406,298)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($33,399)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($599,139)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Carrying values</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$167,636</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$299,792</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$85,078</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$7,954</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$560,458</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$156,223</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$289,881</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$92,958</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$8,895</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$547,956</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div><font><br></font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)  Included&#160;in&#160;land&#160;and&#160;buildings&#160;is&#160;$48.3&#160;million (December 31, 2025 -&#160;$50.6&#160;million)&#160;worth of&#160;land&#160;which&#160;is&#160;not&#160;subject&#160;to&#160;depreciation.</font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Assets under construction include certain innovation projects, such as high-intensity grinding (&#34;HIG&#34;) mills and related modernization, plant improvements, other mine infrastructures and equipment overhauls.</font></div><div style="padding-left:13.5pt;text-align:justify"><font><br></font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 26</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">17.  PROPERTY, PLANT AND EQUIPMENT (continued)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property, plant and equipment, including land and buildings, machinery and equipment, assets under construction and other assets above are allocated by mine as follow&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.806%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.402%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.110%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.379%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.122%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Los Gatos</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Jerritt Canyon</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font 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style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cost</font></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2024</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$186,872</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$192,112</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$172,274</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$217,735</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$162,356</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$58,350</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$989,699</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Additions</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14,060&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,526&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">16,532&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">5,707&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,621&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">517&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,212&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">67,175&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Acquisition of Gatos (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">185,263&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">185,263&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfers and disposals</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(4,084)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">876&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,058)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">426&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(197)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(840)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,386)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(8,263)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$196,848</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$211,665</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$207,586</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$178,407</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$220,159</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$162,033</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$57,176</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,233,874</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Additions</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,997&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">6,873&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">7,340&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,776&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,392&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">701&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29,079&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Disposition of Del Toro </font></div><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;(Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(112,387)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(112,387)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfers and disposals</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(327)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">144&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,568)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">185&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(817)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,088)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,471)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$203,518</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$218,682</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$213,358</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$182,368</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$223,551</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$48,829</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$56,789</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$1,147,095</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="12" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Accumulated depreciation, amortization and impairment</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2024</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($96,542)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($102,009)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($144,740)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($88,679)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($145,320)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($33,776)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($611,069)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(13,494)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(27,626)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(16,853)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(6,596)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(2,638)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(16)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,948)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(69,171)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Impairment Reversal </font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;(Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,448&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,448&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfers and disposals</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,846&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(982)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">823&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(133)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">36&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">569&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">214&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">3,376&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($107,190)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($28,608)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($118,039)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($151,469)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($91,281)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($141,319)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($35,510)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($673,416)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(5,255)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(15,601)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(7,612)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(3,264)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(1,304)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(114)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(805)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(33,955)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Disposition of Del Toro </font></div><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;(Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">105,073&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">105,073&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Impairment Reversal</font></div><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;(Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">346&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">346&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Transfers and disposals</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">322&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,161&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">480&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(94)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">931&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">2,813&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($112,123)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($43,048)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($125,171)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($154,827)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($92,585)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($35,083)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($36,302)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($599,139)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Carrying values</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$89,658</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$183,057</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$89,547</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$26,938</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$128,878</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$20,714</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$21,666</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$560,458</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$91,395</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$175,634</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$88,187</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$27,541</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$130,966</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$13,746</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$20,487</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$547,956</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) Non-producing properties include the San Martin (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_163" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">28</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">) and Del Toro mines. On June 19, 2026, the Company completed the sale of its 100% owned, past-producing Del Toro Silver Mine (Note 15).</font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Additions classified in &#34;Other&#34; primarily consist of innovation projects and construction-in-progress.</font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3) Included in &#34;Other&#34; is property, plant and equipment of $4.7 million (December 31, 2025 - $4.8 million) for First Mint which includes the Company's bullion store and its minting facility located in Nevada.</font></div><div><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 27</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_109"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">18.  RIGHT-OF-USE ASSETS</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company entered into leases to use certain land, buildings, mining equipment and corporate equipment for its operations. The Company is required to recognize right-of-use assets representing its right to use these underlying leased assets over the lease term. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Right-of-use assets are initially measured at cost, equivalent to its obligation for payments over the term of the leases, and subsequently measured at cost less accumulated depreciation and impairment losses. Depreciation is recorded on a straight-line basis over the shorter period of lease term and useful life of the underlying asset. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Right-of-use assets&#160;are&#160;comprised&#160;of&#160;the&#160;following&#58;&#160;</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.923%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.174%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:13.524%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Land and <br>Buildings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Machinery and Equipment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">At December 31, 2024</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$7,046</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$16,853</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$23,898</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition of Gatos (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">185&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">366&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Remeasurements</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(242)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,166&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,924&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,244)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12,757)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,001)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">At December 31, 2025</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$5,022</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$9,447</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$14,469</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,123&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,123&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Remeasurements</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">265&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,310&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,575&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,080)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,754)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,834)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Disposition of Del Toro (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(33)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(33)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Disposals</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(36)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(36)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">At June 30, 2026</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$4,174</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$22,090</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$26,264</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 28</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_118"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">19.  RESTRICTED CASH</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted cash is comprised of the following&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.522%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30,<br>2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31,<br>2025</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Nevada Division of Environmental Protection</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20,542&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20,177&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">SAT Primero tax dispute</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">138,876&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">124,090&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-Current Restricted Cash</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$159,418</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$144,267</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) On November 2, 2021, the Company executed an agreement with the Nevada Division of Environmental Protection (&#34;NDEP&#34;) relating to funds required to establish a trust agreement to cover post-closure water treatment cost at Jerritt Canyon. During the year ended December 31, 2022, the Company funded $17.7 million into a trust&#59; these amounts along with interest earned on the balance are included within non-current restricted cash. </font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) In connection with the dispute between Primero Empresa Minera, S.A. de C.V. (&#34;PEM&#34;) and the Servicio de Admistracion Tributaria (&#34;SAT&#34;) relating to the advanced pricing agreement (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_154" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:underline">27</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">), the SAT froze two PEM bank accounts as security for certain tax reassessments which are being disputed. The balance in these two frozen accounts as at June&#160;30, 2026 was $138.9 million (2,426 million MXN). This balance consists of Value Added Tax (&#34;VAT&#34;) refunds due to PEM. The Company does not agree with SAT's position and has challenged it through the relevant legal channels, both domestically and internationally. </font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify;text-indent:4.5pt"><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_121"></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">20.  TRADE AND OTHER PAYABLES</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s trade and other payables are primarily comprised of amounts outstanding for purchases relating to mining operations, exploration and evaluation activities and corporate expenses. The normal credit period for these purchases is usually between 30 to 90 days.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Trade and other payables are comprised of the following items&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.522%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30,<br>2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31,<br>2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade payables</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$45,603&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$57,749&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade related accruals</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">67,085&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,511&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Payroll and related benefits</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">67,235&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,235&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restructuring obligations</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">590&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">NSR royalty liabilities (Notes </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_103" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">16(b)(c)</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,240&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,812&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Environmental duty and net mineral sales proceeds tax</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,107&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,777&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other accrued liabilities</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,223&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,237&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$202,493</font><font style="color:#0a2299;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$207,911</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:107%">(1) The Other accrued liabilities balance as at June&#160;30, 2026 includes an accrual of $nil for mark-to-market movements on silver forward contracts (December&#160;31, 2025 - $9.9 million).</font></div><div style="margin-top:3pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 29</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_127"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;margin-top:3pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">21.  DEBT FACILITIES</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The movement in debt facilities during the six months ended June 30, 2026 and year ended December 31, 2025, respectively, are comprised of the following&#58;</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:61.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.190%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.216%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.192%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Convertible Debentures<br>(a)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revolving Credit Facility <br>(b)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2024</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$209,083</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$399</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$209,482</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross proceeds from debt financing</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$350,000&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$350,000&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Portion allocated to equity reserves from debt financing</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(102,493)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(102,493)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">845&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,403&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,248&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accretion</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,796&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,796&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repayments of principal</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(165,717)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(165,717)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transaction costs</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,515)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,515)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repayments of finance costs</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,119)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,465)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,585)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2025</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$291,880</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$337</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$292,216</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">349&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">645&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">994&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accretion</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,313&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,313&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repayments of finance costs</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(104)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(666)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(770)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at June 30, 2026</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$302,438</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$316</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$302,754</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Statements of Financial Position Presentation</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current portion of debt facilities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$151&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$337&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$487&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-current portion of debt facilities</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">291,729&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">291,729&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2025</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$291,880</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$337</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$292,216</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current portion of debt facilities</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$54,240&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$316&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$54,556&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-current portion of debt facilities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">248,198&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">248,198&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at June 30, 2026</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$302,438</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$316</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$302,754</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.85pt">Convertible Debentures</font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2021 Senior Convertible Debentures</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 2, 2021, the Company issued $230 million of unsecured senior convertible debentures (the &#8220;2021 Notes&#8221;). The Company received net proceeds of $222.8 million after transaction costs of $7.2 million. The 2021 Notes mature on January 15, 2027 and bear an interest rate of 0.375% per annum, payable semi-annually in arrears in January and July of each year. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2021 Notes are convertible into common shares of the Company at any time prior to maturity at a conversion rate of 60.3865 common shares per $1,000 principal amount of 2021 Notes converted, representing an initial conversion price of $16.56 per common share, subject to certain anti-dilution adjustments.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 30</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">21.  DEBT FACILITIES (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">(a)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:5.73pt">Convertible Debentures (continued)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may not redeem the 2021 Notes before January 20, 2025 except in the event of certain changes in Canadian tax law. At any time on or after January 20, 2025 and until maturity, the Company may redeem all or part of the 2021 Notes for cash if the last reported share price of the Company&#8217;s common shares for 20 or more trading days in a period of 30 consecutive trading days exceeds 130% of the conversion price in effect on each such trading day. The redemption price is equal to the sum of&#58;     </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i) 100% of the principal amount of the 2021 Notes to be redeemed and (ii) accrued and unpaid interest, if any, to the redemption date.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is required to offer to purchase for cash all of the outstanding 2021 Notes upon a fundamental change, at a cash purchase price equal to 100% of the principal amount of the 2021 Notes to be purchased, plus accrued and unpaid interest, if any, up to the fundamental change purchase date. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The component parts of the convertible debentures, a compound instrument, are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangement and the definitions of a financial liability and an equity instrument. A conversion option that will be settled by the exchange of a fixed amount of cash or another financial asset for a fixed number of the Company's own equity instrument is an equity instrument.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At initial recognition, net proceeds of $222.8 million from the 2021 Notes were allocated into its debt and equity components. The fair value of the debt portion was estimated at $180.4 million using a discounted cash flow model method with an expected life of five years and a discount rate of 4.75%. This amount is recorded as a financial liability on an amortized cost basis using the effective interest method at an effective interest rate of 5.09% until extinguished upon conversion or at its maturity date.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The conversion option is classified as equity and was estimated based on the residual value of $42.3 million. This amount is not subsequently remeasured and will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share capital. Where the conversion option remains unexercised at the maturity date of the convertible note, the balance will remain in equity reserves. Deferred tax liability of $11.4 million related to taxable temporary difference arising from the equity portion of the convertible debenture was recognized in equity reserves. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Transaction costs of $7.2 million that relate to the issuance of the convertible debentures were allocated to the liability and equity components in proportion to the allocation of the gross proceeds. Transaction costs relating to the equity component are recognized directly in equity. Transaction costs relating to the liability component are included in the carrying amount of the liability component and are amortized over the life of the convertible debentures using the effective interest method.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2025 Senior Convertible Debentures</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 8, 2025, the Company issued $350.0 million of unsecured senior convertible debentures (the &#8220;2025 Notes&#8221;). The Company received net proceeds of $340.5 million after transaction costs of $9.5 million. The 2025 Notes mature on January 15, 2031 and bear an interest rate of 0.125% per annum, payable semi-annually in arrears in January and July of each year.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2025 Notes are convertible into common shares of the Company at any time prior to maturity at a conversion rate of 44.7227 common shares per $1,000 principal amount of 2025 Notes converted, representing an initial conversion price of $22.36 per common share, subject to certain anti-dilution adjustments. In addition, if certain fundamental changes occur, holders of the 2025 Notes may be entitled to an increased conversion rate. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may not redeem the 2025 Notes before January 20, 2029 except in the event of certain changes in Canadian tax law. At any time on or after January 20, 2029 and until maturity, the Company may redeem all or part of the 2025 Notes for cash if the last reported share price of the Company&#8217;s common shares for 20 or more trading days in a period of 30 consecutive trading days exceeds 130% of the conversion price in effect on each such trading day. The redemption price is </font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 31</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">21.  DEBT FACILITIES (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">(a)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:5.73pt">Convertible Debentures (continued)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">equal to the sum of&#58; (i) 100% of the principal amount of the 2025 Notes to be redeemed and (ii) accrued and unpaid interest, if any, to the redemption date.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is required to offer to purchase for cash all of the outstanding 2025 Notes upon a fundamental change, at a cash purchase price equal to 100% of the principal amount of the 2025 Notes to be purchased, plus accrued and unpaid interest, if any, up to the fundamental change purchase date. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The component parts of the convertible debentures, a compound instrument, are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangement and the definitions of a financial liability and an equity instrument. A conversion option that will be settled by the exchange of a fixed amount of cash or another financial asset for a fixed number of the Company's own equity instrument is an equity instrument. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At initial recognition, net proceeds of $340.5 million from the 2025 Notes were allocated into its debt and equity components. The fair value of the debt portion was estimated at $238.0 million using a discounted cash flow model method with an expected life of five years and a discount rate of 7.59%. This amount is recorded as a financial liability on an amortized cost basis using the effective interest method at an effective interest rate of 7.62% until extinguished upon conversion or at its maturity date.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The conversion option is classified as equity and was estimated based on the residual value of $102.5 million. This amount is not subsequently remeasured and will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share capital. Where the conversion option remains unexercised at the maturity date of the convertible note, the balance will remain in equity reserves. Deferred tax liability of $28.4 million related to taxable temporary difference arising from the equity portion of the convertible debenture was recognized in equity reserves. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Transaction costs of $9.5 million that relate to the issuance of the convertible debentures were allocated to the liability and equity components in proportion to the allocation of the gross proceeds. Transaction costs relating to the equity component are recognized directly in equity. Transaction costs relating to the liability component are included in the carrying amount of the liability component and are amortized over the life of the convertible debentures using the effective interest method.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A portion of the 2025 Notes proceeds received were used to redeem 174,708 of the 2021 Notes for total costs of $214.7 million. The total proceeds were allocated to the carrying value of the debt by $162.6 million and $45.0 million to equity reserves, net of a deferred tax recovery of $7.2 million, for the 2021 Notes. This resulted in gain on the settlement of debt of $3.4 million.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b) &#160;&#160;&#160;&#160;Revolving Credit Facility</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 28, 2024, the Company amended its senior secured revolving credit facility (the &#34;Revolving Credit Facility&#34;) with the Bank of Montreal, BMO Harris Bank N.A., Bank of Nova Scotia, Toronto Dominion Bank and National Bank of Canada (the &#34;syndicate&#34;) to amend the definition of indebtedness to exclude surety bonds, and to adjust the leverage covenant threshold from 3.00&#58;1.00 (gross) to a 3.50&#58;1.00 (net) leverage ratio. On April 11, 2025, the Revolving Credit Facility was further amended to extend the maturity date to April 11, 2028, incorporate Gatos Silver Inc. as a material subsidiary and guarantor, and include a $100.0 million accordion feature that may be activated at the Company's discretion, subject to lender approval. On June 17, 2026, the Revolving Credit Facility was further amended to extend the maturity date to June 17, 2030. The credit limit remains at $175.0 million. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on the drawn balance will accrue at the Secured Overnight Financing Rate (&#34;SOFR&#34;) plus an applicable range of 1.75% to 3.00% per annum while the undrawn portion is subject to a standby fee with an applicable range of 0.35% to 0.60% per annum, dependent on certain financial parameters of First Majestic. As at June&#160;30, 2026, the applicable rates were 1.75% and 0.35% per annum, respectively. These debt facilities are guaranteed by certain subsidiaries of the Company and are also secured by a first priority charge against the assets of the Company, and a first priority pledge of shares of the Company&#8217;s subsidiaries.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 32</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">21.  DEBT FACILITIES (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b) &#160;&#160;&#160;&#160;Revolving Credit Facility (continued)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Revolving Credit Facility includes financial covenants, to be tested quarterly on a consolidated basis, requiring First Majestic to maintain the following&#58; (a) a net leverage ratio based on net indebtedness to rolling four quarters adjusted EBITDA of not more than 3.50 to 1.00&#59; and (b) an interest coverage ratio, based on rolling four quarters adjusted EBITDA divided by interest payments, of not less than 4.00 to 1.00. The debt facilities also provide for negative covenants customary for these types of facilities and allows the Company to enter into finance leases, excluding any leases that would have been classified as operating leases in effect immediately prior to the implementation of IFRS 16 - Leases, of up to $50.0 million. As at June&#160;30, 2026, the Company was in compliance with all of its debt covenants.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June&#160;30, 2026, the Company had letters of credit outstanding in the amount of $15.1 million (December 2025 - $35.4 million) as part of ongoing reclamation and mine closure obligations. As at June&#160;30, 2026 the undrawn portion of the Revolving Credit Facility net of the letters of credit and drawdowns is $159.9&#160;million (December 2025 - $139.6 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 33</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_130"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">22.  LEASE LIABILITIES</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has Category I leases, Category II leases and equipment financing liabilities for various mine and plant equipment, office space and land. Category I leases and equipment financing obligations require underlying assets to be pledged as security against the obligations and all of the risks and rewards incidental to ownership of the underlying asset being transferred to the Company. For Category II leases, the Company controls but does not have ownership of the underlying right-of-use assets.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lease liabilities are initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company's incremental borrowing rate. Lease liabilities are subsequently measured at amortized cost using the effective interest rate method. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain lease agreements may contain lease and non-lease components, which are generally accounted for separately. For certain equipment leases, such as vehicles, the Company has elected to account for the lease and non-lease components as a single lease component. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The movement in lease liabilities during the periods ended June&#160;30, 2026 and December 31, 2025 are comprised of the following&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:52.497%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.877%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.877%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:13.881%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:110%">Category I Leases</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%;position:relative;top:-3.5pt;vertical-align:baseline">(a)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:110%">Category II Leases</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%;position:relative;top:-3.5pt;vertical-align:baseline">(b)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2024</font></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$2,662</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$24,873</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$27,535</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition of Gatos (Note </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_55" style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">415&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">415&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cedaff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">635&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">185&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">820&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Remeasurements</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,924&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,924&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cedaff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">165&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,591&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,756&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repayments of principal</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,003)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,146)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,149)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cedaff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repayments of finance costs</font></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(165)</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,576)</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,741)</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign exchange</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">963&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">963&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2025</font></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$1,294</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$15,229</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$16,523</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Additions</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,123&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,123&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cedaff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Remeasurements</font></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,575&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,575&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">837&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">884&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cedaff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repayment of principal</font></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(591)</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,690)</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,281)</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Repayments of finance costs</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(47)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(615)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(662)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cedaff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign Exchange</font></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">186&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at June 30, 2026</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$747</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$27,645</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$28,392</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Statements of Financial Position Presentation</font></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current portion of lease liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,082&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$9,710&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$10,792&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cedaff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-current portion of lease liabilities</font></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">212&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,519&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,731&#160;</font></td><td style="background-color:#cedaff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2025</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$1,294</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$15,229</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$16,523</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current portion of lease liabilities</font></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$735&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$14,727&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$15,462&#160;</font></td><td style="background-color:#cedaff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-current portion of lease liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,918&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,930&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at June 30, 2026</font></td><td colspan="2" style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$747</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$27,645</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$28,392</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cedaff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 34</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">22.  LEASE LIABILITIES (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a) Category I leases</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Category I leases primarily relate to financing arrangements entered into for the rental of vehicles and equipment. These leases have remaining lease terms of  </font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">one</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> year, some of which include options to terminate the leases within a year, with incremental borrowing rates ranging from 7.5% to 8.5% per annum</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b) Category II leases</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Category II leases primarily relate to equipment and building rental contracts, land easement contracts and service contracts that contain embedded leases for property, plant and equipment. These leases have remaining lease term</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">s of one to seven </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">years, some of which include options to terminate the leases within a year, with incremental borrowing rates ranging from 4.5% to 11.8% per annum</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">.</font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 35</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_142"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">23.  SHARE CAPITAL</font></div><div style="padding-left:18pt;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.85pt">Authorized and issued capital</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has unlimited authorized common shares with no par value. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The movement in the Company&#8217;s issued and outstanding capital during the periods is summarized in the consolidated statements of changes in equity.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company files prospectus supplements to its short form base shelf prospectus, pursuant to which the Company may, at its discretion and from time-to-time, sell common shares of the Company. The sale of common shares has taken place through &#34;at-the-market&#34; (&#34;ATM&#34;) distributions, as defined in National Instrument 44-102 Shelf Distributions, directly on the New York Stock Exchange.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 24, 2025, the Company filed and obtained a receipt for a final short form base shelf prospectus in each province of Canada (other than Qu&#233;bec), and a registration statement on Form F-10 in the United States, which will allow the Company to undertake offerings (including by way of &#8220;at-the-market distributions&#8221;) under one or more prospectus supplements of various securities listed in the shelf prospectus over a 25-month period commencing as of the date of the receipt of the base shelf prospectus. During the quarter ended June 30, 2026, no shares were issued under this program.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 12, 2024 the Company renewed its ongoing share repurchase program (the &#8220;2024 Share Repurchase Program&#8221;) which permitted it to repurchase up to 10,000,000 shares (3.32% of the Company's issued and outstanding shares as at September 4, 2024) until September 11, 2025. The Share Repurchase Program is a &#8220;normal course issuer bid&#8221; and will be carried out through the facilities of the Toronto Stock Exchange and alternative Canadian marketplaces. All common shares, if any, purchased pursuant to the Share Repurchase Program will be cancelled. The Company believes that from time to time, the market price of its common shares may not fully reflect the underlying value of the Company's business and its future business prospects. The Company believes that at such times, the purchase of common shares would be in the best interest of the Company. During the three and six months ended June 30, 2026, the Company repurchased nil common shares under its 2024 Share Repurchase Program (June 30, 2025 &#8211; 506,000 and 768,500 common shares at an average price of CAD$7.94 and CAD $7.90 per share, respectively, resulting in total payments of CAD$4.0 million and CAD$6.0 million, respectively, net of transaction costs). The 2024 Share Repurchase Program expired on September 11, 2025, and was renewed by the Company on October 14, 2025 (the &#8220;2025 Share Repurchase Program&#8221;). Under the 2025 Share Repurchase Program, the Company may repurchase up to 24.5 million common shares (5% of the Company&#8217;s issued and outstanding common shares as at June 30, 2026), and the program expires on October 13, 2026. During the three and six months ended June 30, 2026, the Company repurchased 1,200,000 common shares under its 2025 Share Repurchase Program at an average price of CAD$26.18 (June 30, 2025 - nil common shares repurchased).</font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%"> </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 36</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">23.  SHARE CAPITAL (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.42pt">Stock options </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 26, 2022, the Company&#8217;s shareholders approved a new Long-Term Incentive Plan (the &#8220;2022 LTIP&#8221;). Under the terms of the 2022 LTIP, the maximum number of common shares of the Company reserved for issuance in respect of awards granted under the plan, together with any other security-based arrangements of the Company, cannot exceed 6% of the Company&#8217;s issued and outstanding shares at the time of granting the award. The Company may grant stock options (&#8220;Options&#8221;) to its directors, employees and consultants under the 2022 LTIP. Options may be granted for a period of time not to exceed ten years from the grant date, and the exercise price of all options will not be lower than the Market Price (as defined in the 2022 LTIP) of the Company&#8217;s common shares as of the grant date. All Options (other than those granted to the Company&#8217;s Chief Executive Officer) vest in equal portions over a period of 30 months, with 25% vesting on the first anniversary of the grant date, and an additional 25% vesting each six months thereafter. All Options granted to the Chief Executive Officer vest in equal portions over a period of five years, with 20% vesting on the first anniversary of the grant date, and an additional 20% vesting each 12 months thereafter. Any Options granted prior to May 26, 2022 will be governed by the terms of the plan under which they were granted, namely the 2017 Option Plan and the 2019 Long-Term Incentive Plan (the &#8220;2019 LTIP&#8221;), as applicable. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the terms of the Merger Agreement in 2025, the Company issued an aggregate of 8,242,244 First Majestic options in exchange for all existing Gatos options at exercise prices adjusted by the Exchange Ratio. These stock options have a contractual term of 10 years from the original grant dates and entitle the holder to purchase shares of the Company&#8217;s common stock. All options (other than those granted to non-employee directors) vest in equal portions over a 3-year period. All options granted to non-employee directors vested immediately on the Acquisition Date.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes information about Options outstanding as at June&#160;30, 2026&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.367%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.188%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="15" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Options Outstanding</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> &#160;&#160;&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Options Exercisable</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> &#160;&#160;&#160;</font></div></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Exercise prices (CAD$)</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Number of<br>Options</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Weighted Average Exercise Price (CAD $&#47;Share)</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Weighted Average Remaining Life (Years)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Number of<br>Options</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Weighted Average Exercise Price (CAD $&#47;Share)</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Weighted Average Remaining Life (Years)</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2.64 - 5.00</font></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">189,747&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.79&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.02&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">180,929&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.75&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.75&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">5.01 - 10.00</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,020,072&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.27&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.53&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">863,525&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.23&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.69&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">10.01 - 15.00</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,572,864&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.40&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.67&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">853,110&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.85&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.92&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">15.01 - 20.00</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">315,400&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.66&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.45&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">300,400&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.68&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.20&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">20.01 - 25.00</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">922,984&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.99&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.06&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">292,150&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21.54&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.91&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">25.01 - 30.00</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">432,500&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28.25&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.82&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">30.01 - 35.00</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30.06&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.61&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">35.01 - 40.00</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,000&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36.27&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9.70&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,473,567&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13.74&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7.19&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,490,114&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12.00&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.21&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 37</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">23.  SHARE CAPITAL (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b)</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:6.42pt">Stock options (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The movements in Options issued for the six months ended June&#160;30, 2026 and year ended December 31, 2025 are                            summarized as follows&#58; </font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:36.473%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.250%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.255%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="9" rowspan="2" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended<br>June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" rowspan="2" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Year Ended <br>December 31, 2025</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of<br>Options</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Exercise Price (CAD $&#47;Share)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of<br>Options</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted Average Exercise Price (CAD $&#47;Share)</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Balance, beginning of the period</font></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,658,357&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10.96&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,929,119&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11.59&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Granted</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,150,279&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">24.21&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,728,324&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9.96&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Replacement options in connection with Gatos acquisition</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,242,244&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5.08&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Exercised</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,120,316)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11.10&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(10,419,660)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6.51&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Cancelled or expired </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(214,753)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9.94&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(821,670)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10.67&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Balance, end of the period</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">5,473,567</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">13.74</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">6,658,357</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">10.96</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-top:5pt;padding-left:18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June&#160;30, 2026, the aggregate fair value of Options granted was $9.3 million (December 31, 2025 - $5.7&#160;million), or a weighted average fair value of $8.11 per Option granted (December 31, 2025 - $3.29).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June&#160;30, 2026, total share-based payments expense related to Options was $3.1&#160;million (June&#160;30, 2025 - $3.8 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following weighted average assumptions were used in estimating the fair value of Options granted using the Black-Scholes Option Pricing Model&#58;</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.192%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:36.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.151%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.302%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended<br>June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Year Ended</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Assumption</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Based</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">on</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December 31, 2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Risk-free interest rate (%)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Yield curves on Canadian government zero- coupon bonds with a remaining term equal to the stock options&#8217; expected life</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.82</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1.97</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected life (years)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Weighted average life of previously transacted awards</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.81</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4.07</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected volatility (%)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Historical volatility of the Company's stock</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">59.30</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">57.78</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected dividend yield (%)</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Annualized dividend rate as of the date of grant</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">0.14%</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">0.26%</font></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The weighted average closing price of the Company's common shares at date of exercise for the six months ended June&#160;30, 2026 was CAD$13.74 (December&#160;31, 2025 - CAD$10.96).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 38</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">23.  SHARE CAPITAL (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(c)    Restricted Share Units </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the 2022 LTIP, the Company may award to its directors, employees and consultants non-transferable Restricted Share Units (&#34;RSUs&#34;) based on the Company's share price at the date of grant. Unless otherwise stated, the awards typically have a graded vesting schedule over a three-year period and can be settled either in cash or equity upon vesting at the discretion of the Company.  Any RSUs granted prior to May 26, 2022 continue to be governed by the terms of the prior 2019 LTIP. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June&#160;30, 2026, a total of 558,308 RSUs were awarded by the Company to directors and employees under the 2022 LTIP, of which 128,990 RSUs may only be settled in cash resulting in a total expense of $1.9 million (June&#160;30, 2025 - $0.9 million). As at June&#160;30, 2026, there were a total of 339,087 RSUs outstanding that may only be settled in cash, with a total liability of $3.0 million (December&#160;31, 2025 - $3.6 million).</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the changes in RSUs intended to be settled in cash for the six months ended June&#160;30, 2026 and the year ended December&#160;31, 2025&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.718%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.869%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended<br>&#160;June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Year Ended </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December&#160;31, 2025</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value <br>(CAD$)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value <br>(CAD$)</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, beginning of the year</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">323,182&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.7&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">228,590&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7.98&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Granted</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">128,990&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">29.82&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">232,157&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9.03&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Settled</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(92,514)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.14&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(73,762)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7.98&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Forfeited</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(20,571)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">19.06&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(63,803)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.15&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, end of the year</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">339,087&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">16.26&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">323,182&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.70&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the changes in RSUs intended to be settled in equity for the six months ended June&#160;30, 2026 and the year ended December&#160;31, 2025&#58;</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.718%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.869%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended<br>&#160;June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Year Ended </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December&#160;31, 2025</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value <br>(CAD$)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value <br>(CAD$)</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, beginning of the year</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,429,471&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.72&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,292,598&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9.23&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Granted</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">429,318&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">22.64&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">862,000&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.73&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Settled</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(364,201)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.91&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(567,138)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9.91&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Forfeited</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(25,975)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">16.54&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(157,989)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.64&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, end of the year</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,468,613&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12.61&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,429,471&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.72&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June&#160;30, 2026, total share-based payments expense for RSUs that the Company intends to settle in equity was $3.0 million (June&#160;30, 2025  - $2.5 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 39</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">23.  SHARE CAPITAL (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(d)   Performance Share Units </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the 2022 LTIP the Company may award to its directors, employees and consultants non-transferable Performance Share Units (&#34;PSUs&#34;). The amount of units to be issued on the vesting date will vary from 0% to 200% of the number of PSUs granted, depending on the Company&#8217;s total shareholder return compared to the return of a selected group of peer companies over a three-year period commencing as of the grant date. Unless otherwise stated, the PSU awards typically vest three years from the grant date and can be settled either in cash or equity upon vesting at the discretion of the Company. The fair value of a PSU is based on the Company's share price at the date of grant and will be adjusted based on the number of common shares actually issuable in respect of the PSU, which shall be determined on the vesting date. Any PSUs granted prior to May 26, 2022 continue to be governed by the terms of the prior 2019 LTIP. </font></div><div style="text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June&#160;30, 2026, a total of 253,202 PSUs were awarded by the Company to employees under the 2022 LTIP, of which 14,910 PSUs may only be settled in cash, resulting in a total expense of $0.2 million (June&#160;30, 2025 - $0.1 million). As at June&#160;30, 2026, there were a total of 62,230 PSUs outstanding that may only be settled in cash, with a total liability of $0.6 million (December&#160;31, 2025 - $0.4 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the changes in PSUs intended to be settled in equity granted to employees and consultants for the six months ended June&#160;30, 2026 and the year ended December&#160;31, 2025&#58;&#160;&#160;&#160;&#160;</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:53.285%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.869%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended<br>&#160;June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Year Ended </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December&#160;31, 2025</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value<br>(CAD$)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value<br>(CAD$)</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, beginning of the period</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,128,891&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.96&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">949,809&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10.03&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Granted</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">238,292&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">22.83&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">469,857&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.58&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Forfeited</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(249,720)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11.4&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(290,775)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11.87&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, end of the period</font></td><td colspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,117,463&#160;</font></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11.37&#160;</font></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,128,891&#160;</font></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.96&#160;</font></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June&#160;30, 2026, total share-based payments expense related to PSUs that the Company intends to settle in equity was $1.5 million (June&#160;30, 2025 - $1.2 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 40</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">23.  SHARE CAPITAL (continued)</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(e) &#160;&#160;&#160;&#160;Deferred Share Units </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The terms of the 2019 LTIP permitted the Company to grant to its directors, employees and consultants non-transferable Deferred Share Units (&#34;DSUs&#34;), among other awards. Unless otherwise stated, DSUs awarded under the 2019 LTIP typically vested immediately of the grant date. The fair value of DSUs granted under the 2019 LTIP is based on the Company's share price as at the date of grant. All DSUs awarded by the Company will be settled in common shares of the Company.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the changes in DSUs granted to directors under the 2019 LTIP for the six months ended June&#160;30, 2026 and the year ended December&#160;31, 2025&#58;&#160;&#160;&#160;&#160;</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.869%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended<br>&#160;June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Year Ended </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December&#160;31, 2025</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value<br>(CAD$)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value<br>(CAD$)</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, beginning of the period</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">30,161&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15.99&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">30,161&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15.99&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, end of the period</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">30,161&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15.99&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">30,161&#160;</font></td><td style="border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15.99&#160;</font></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March&#160;23, 2022, a revised standalone DSU plan was adopted by the Company (the &#34;2022 DSU Plan&#34;). All DSUs issued under the 2022 DSU Plan will be settled in cash only.  </font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the changes in DSUs granted to directors for the six months ended June&#160;30, 2026 and the year ended December&#160;31, 2025 under the 2022 DSU plan&#58;&#160;&#160;&#160;&#160;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.869%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended<br>&#160;June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Year Ended </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">December&#160;31, 2025</font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value<br>(CAD$)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Number of shares</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Weighted<br>Average<br>Fair Value<br>(CAD$)</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, beginning of the period</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">164,454&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9.06&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">101,144&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9.44&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Granted</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">27,197&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">29.82&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">63,310&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8.46&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Settled</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(10,727)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">17.09&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Outstanding, end of the period</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">180,924&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11.70&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">164,454&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9.06&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June&#160;30, 2026, total share-based payments expense related to DSU's under the 2022 DSU plan was $0.7 million (June&#160;30, 2025 - $0.7 million). As at June&#160;30, 2026, there were a total of 180,924 DSUs outstanding, with a total liability of $3.3 million (December&#160;31, 2025 - $2.7 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(f) &#160;&#160;&#160;&#160;Dividends</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company declared the following dividends during the six months ended June&#160;30, 2026&#58;</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:28.121%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.731%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.731%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.487%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Declaration Date</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Record Date</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Dividend per Common Share</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">February 18, 2026</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">February 27, 2026</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.0083</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 11, 2026</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 20, 2026</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.0171</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 29, 2026</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">August 14, 2026</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.0152</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><br></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) These dividends were declared subsequent to the period end and have not been recognized as distributions to owners during the period presented.</font></div><div style="margin-top:5pt;text-align:justify"><font><br></font></div><div style="margin-top:5pt;text-align:justify"><font><br></font></div><div style="margin-top:5pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 41</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_145"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">24.  NON-CONTROLLING INTERESTS</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The acquisition of Gatos on January 16, 2025, has resulted in the Company owning 70% of the LGJV. The remaining 30% interest in the LGJV, not held by the Company, is presented as non-controlling interest.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the financial information for LGJV shown on a 100% basis, except where stated&#58;</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.718%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.198%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.200%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current assets</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$192,999</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$189,272</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-current assets</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,755,574</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,786,170</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total assets</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,948,573</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,975,442</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current liabilities</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89,838</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">85,723</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-current liabilities</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">494,352</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">516,518</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total liabilities</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$584,190</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$602,241</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net assets</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,364,383</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,373,201</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-controlling interest percentage</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-controlling interest</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$409,315</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$411,961</font></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.338%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.595%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.595%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Revenue</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$137,126&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$103,103</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$322,897&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$193,578</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Expenses</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(82,258)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(89,666)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(203,403)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(166,887)</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total net income</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$54,868</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$13,437</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$119,494</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$26,691</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-controlling interest percentage</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30%</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-controlling interest</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$16,460</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$4,031</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$35,848</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$8,007</font></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1) LGJV net income in 2025 was from January 16, 2025 to March 31, 2025.</font></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.742%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.742%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.869%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash flows from&#58;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating activities</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$98,916</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$60,267</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$222,088</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$104,162</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investing activities</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,649)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(21,030)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,045)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(40,127)</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Financing activities</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(97,564)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,315)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(128,396)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32,326)</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Dividends and distributions paid to non-controlling interests</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">($29,250)</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">($9,688)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">($38,494)</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">($9,688)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">(1) LGJV cash flows relating to 2025 were from January 16, 2025 to March 31, 2025.</font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 42</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_148"></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">25.  FINANCIAL INSTRUMENTS AND RELATED RISK MANAGEMENT </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s financial instruments and related risk management objectives, policies, exposures and sensitivity related to financial risks are summarized below.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="padding-left:18pt;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a) &#160;&#160;&#160;&#160;Fair value and categories of financial instruments</font></div><div style="padding-left:18pt;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments included in the condensed interim consolidated statements of financial position are measured either at fair value or amortized cost. Estimated fair values for financial instruments are designed to approximate amounts for which the instruments could be exchanged in an arm&#8217;s-length transaction between knowledgeable and willing parties.</font></div><div style="text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses various valuation techniques in determining the fair value of financial assets and liabilities based on the extent to which the fair value is observable. The following fair value hierarchy is used to categorize and disclose the Company&#8217;s financial assets and liabilities held at fair value for which a valuation technique is used.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 1&#58; Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities.</font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 2&#58; All inputs which have a significant effect on the fair value are observable, either directly or indirectly, for substantially the full contractual term.</font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Level 3&#58; Inputs which have a significant effect on the fair value are not based on observable market data.</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There were no transfers between levels 1, 2, and 3 during the six months ended June&#160;30, 2026. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The table below summarizes the valuation methods used to determine the fair value of each financial instrument&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.783%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:53.287%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Financial Instruments Measured at Fair Value</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Valuation Method</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:20pt"><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Marketable securities - common shares</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Marketable securities and silver future contracts are valued based on quoted market prices for identical assets in an active market (Level 1) as at the date of statements of financial position. Marketable securities - stock warrants are valued using the Black-Scholes model based on the observable market inputs (Level 2). </font></td></tr><tr style="height:20pt"><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Marketable securities - stock warrants</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver futures contracts</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade receivables from concentrate sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">A portion of the Company&#8217;s trade receivables arose from provisional concentrate sales and are classified within Level 2 of the fair value hierarchy and valued using quoted market prices based on the forward London Metal Exchange for copper, zinc and lead and the London Bullion Market Association P.M. fix for gold and silver.</font></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Financial Instruments Measured at Amortized Cost</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Valuation Method</font></td></tr><tr><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Approximated carrying value due to their short-term nature.</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted cash</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade and other receivables</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade and other payables</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Debt facilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The debt related to the revolving credit facility approximated carrying value as discount rate on these instruments approximate the Company's credit risk.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The senior convertible debentures are recognized at amortized cost using the effective interest rate method. The fair value of the Company's senior convertible debentures has been estimated based on the current SOFR rates, applicable margin, premium adjustments, and comparison to discount rates used by the peer group on similar notes, which indicate a total fair value of $313.7 million (carrying amount&#58; $302.4 million).</font></div></td></tr><tr style="height:95pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 43</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">25.  FINANCIAL INSTRUMENTS AND RELATED RISK MANAGEMENT (continued)</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a) &#160;&#160;&#160;&#160;Fair value and categories of financial instruments (continued)</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the Company&#8217;s fair value hierarchy for financial assets and financial liabilities that are measured at fair value&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.057%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.525%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.280%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.987%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.525%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.280%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.996%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="15" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2025</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value measurement</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Fair value measurement</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying value</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Carrying value</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 1</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Level 2</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Financial assets</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade receivable from concentrate sales subject to provisional pricing</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$61,678&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$61,678&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Marketable securities (Note </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_97" style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">14</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$155,130&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$155,130&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$180,386&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$172,549&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$7,837&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Financial liabilities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade receivable from concentrate sales subject to provisional pricing</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2,502&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2,502&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:22.5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s objectives when managing capital are to maintain financial flexibility to continue as a going concern while optimizing growth and maximizing returns of investments from shareholders.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the table above, in 2026 an impairment reversal was recorded for the Del Toro mine bringing the carrying value of the asset to its recoverable amount, being its FVLCD. The valuation technique used in the calculation of this fair value is categorized as Level 3 as it is based on the implied selling price within the purchase agreement (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_100" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">15</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b)   Capital risk management</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company monitors its capital structure and based on changes in operations and economic conditions, may adjust the structure by repurchasing shares, issuing new shares, issuing new debt or retiring existing debt. The Company prepares annual budget and quarterly forecasts to facilitate the management of its capital requirements. The annual budget is approved by the Company&#8217;s Board of Directors.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The capital of the Company consists of equity (comprising of issued capital, equity reserves and retained earnings or accumulated deficit), debt facilities, lease liabilities, net of cash and cash equivalents as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.522%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30,<br>2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31,<br>2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Equity</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,374,951&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,172,966&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Debt facilities</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">302,754&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">292,216&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lease liabilities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,392&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,523&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less&#58; cash and cash equivalents</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,093,311)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(793,435)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1.5pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$2,612,786</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1.5pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$2,688,270</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="padding-left:22.5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s investment policy is to invest its cash in highly liquid short-term investments with maturities of 90 days or less, selected with regards to the expected timing of expenditures from operations. The Company expects that its available capital resources will be sufficient to carry out its development plans and operations for at least the next 12 months.</font></div><div style="padding-left:22.5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is not subject to any externally imposed capital requirements with the exception of complying with covenants under the debt facilities (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_127" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">21</a>(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">) and lease liabilities (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_130" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">22</a>(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">). As at June&#160;30, 2026, the Company was in compliance with all of its debt covenants.</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 44</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">25.  FINANCIAL INSTRUMENTS AND RELATED RISK MANAGEMENT (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(c)   Financial risk management</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company thoroughly examines the various financial instruments and risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may include credit risk, liquidity risk, currency risk, commodity price risk, and interest rate risk. Where material, these risks are reviewed and monitored by the Board of Directors.</font></div><div style="padding-left:4.5pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Credit Risk</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Credit risk is the risk of financial loss if a customer or counterparty fails to meet its contractual obligations. The Company&#8217;s credit risk relates primarily to chartered banks, trade receivables in the ordinary course of business, value added taxes receivable and other receivables. At June 30, 2026, the net VAT receivable balance was $51.6 million (December&#160;31, 2025 - $46.9 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company sells and receives payment upon delivery of its silver dor&#233;, concentrate and by-products primarily through six international customers. All of the Company&#8217;s customers have good ratings and payments of receivables are scheduled, routine and fully received within 60 days of submission&#59; therefore, the balance of trade receivables owed to the Company in the ordinary course of business is not significant.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying amount of financial assets recorded in the consolidated financial statements represents the Company&#8217;s maximum exposure to credit risk. With the exception of the above, the Company believes it is not exposed to significant credit risk.</font></div><div style="padding-left:4.5pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">  </font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Liquidity Risk </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they arise. The Company manages liquidity risk by monitoring actual and projected cash flows and matching the maturity profile of financial assets and liabilities. Cash flow forecasting is performed regularly to ensure that there is sufficient capital in order to meet short-term business requirements, after taking into account cash flows from operations and our holdings of cash and cash equivalents. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the maturities of the Company&#8217;s financial liabilities and commitments as at June&#160;30, 2026 based on the undiscounted contractual cash flows&#58; </font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:42.759%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.703%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Contractual</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Cash</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Flows</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Less than <br>1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2 to 3<br>years</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">4 to 5<br>years</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">After 5 years</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade and other payables</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$202,493&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$202,493&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Debt facilities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">410,655&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,666&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,524&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">351,465&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lease liabilities</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,027&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,503&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,829&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,695&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commitments</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,227&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,227&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$683,402</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$313,889</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$16,353</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$353,160</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr></table></div><div style="padding-left:22.5pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June&#160;30, 2026, the Company had working capital of $876.0 million (December&#160;31, 2025 &#8211; $733.6 million). Total available liquidity at June&#160;30, 2026 was $1,035.8 million (December&#160;31, 2025 - $873.2 million), including $159.9&#160;million of undrawn revolving credit facility (December&#160;31, 2025 - $139.6 million). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company believes it has sufficient cash on hand, combined with cash flows from operations, to meet operating requirements as they arise for at least the next 12 months. If the Company needs additional liquidity to meet obligations, the Company may consider drawing on its debt facility, securing additional debt financing and&#47;or equity financing. </font></div><div><font><br></font></div><div style="padding-left:18pt"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 45</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">25.  FINANCIAL INSTRUMENTS AND RELATED RISK MANAGEMENT (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(c)   Financial risk management (continued)</font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Currency Risk</font></div><div style="padding-left:18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is exposed to foreign exchange risk primarily relating to financial instruments that are denominated in Canadian dollars or Mexican pesos, which would impact the Company&#8217;s net earnings or loss. To manage foreign exchange risk, the Company may occasionally enter into short-term foreign currency derivatives, such as forwards and options, to hedge its cash flow. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The sensitivity of the Company&#8217;s net earnings or loss and comprehensive income or loss due to changes in the exchange rates of the Canadian dollar and the Mexican peso against the U.S. dollar is included in the table below&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:13.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.964%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.964%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.964%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.964%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.964%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.964%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:7.964%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.964%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.973%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="45" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">June 30, 2026</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Restricted cash</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Value added taxes receivable</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Trade and other receivables</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Other financial assets</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Trade and other payables</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Foreign exchange derivative</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Net assets (liabilities) exposure</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Effect of +&#47;- 10% change in currency</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Canadian Dollar</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$18,524&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$10,589&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$25,626&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">($4,624)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$56&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$50,171&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$5,017&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Mexican Peso</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">24,375&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">138,876&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">51,594&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">(126,578)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">88,267&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">8,827&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$42,899</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$138,876</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$51,594</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$10,589</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$25,626</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">($131,202)</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$56</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$138,438</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$13,844</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="padding-left:22.5pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, the Company utilizes certain derivatives to manage its foreign exchange exposures to the Mexican Peso. During the six months ended June 30, 2026, the Company had an unrealized gain of $nil (June&#160;30, 2025 - $nil) on fair value adjustments to its foreign currency derivatives. As at June&#160;30, 2026, the Company held $0.1 million in foreign currency derivatives (December 31, 2025 - $nil). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Commodity Price Risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is exposed to commodity price risk on silver and gold, which have a direct and immediate impact on the value of its related financial instruments and net earnings. The Company&#8217;s revenues are directly dependent on commodity prices that have shown volatility and are beyond the Company&#8217;s control. The Company does not use long-term derivative instruments to hedge its commodity price risk to silver or gold.</font></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A portion of the Company&#8217;s trade receivables arose from provisional concentrate sales and are classified within Level 2 of the fair value hierarchy and valued using quoted market prices based on the forward London Metal Exchange for copper, zinc and lead and the London Bullion Market Association P.M. fix for gold and silver.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the Company&#8217;s exposure to commodity price risk and their impact on net earnings&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.654%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.180%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.280%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.864%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.628%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30, 2026</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="33" style="padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Effect of +&#47;- 10% change in metal prices</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Silver</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Zinc</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lead</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Metals in inventory</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$5,568&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2,192&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$188&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$35&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$7,985&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade receivable from concentrate sales 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1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$8,238&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,347&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$251&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$16,137&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$9,376</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font 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style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$3,382</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$253</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$24,122</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr></table></div><div style="margin-top:5pt;padding-left:22.5pt"><font><br></font></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Interest Rate Risk</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company is exposed to interest rate risk on its short-term investments, debt facilities and lease liabilities. The Company&#8217;s finance leases bear interest at fixed rates. The Company monitors its exposure to interest rates and has not entered into any derivative contracts to manage this risk. The Company&#8217;s interest-bearing financial assets comprise of cash and cash equivalents which bear interest at a mixture of variable and fixed rates for pre-set periods of time.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 46</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:58.5pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">25.  FINANCIAL INSTRUMENTS AND RELATED RISK MANAGEMENT (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(c)   Financial risk management (continued)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, the Company&#8217;s exposure to interest rate risk on interest bearing liabilities is limited to its debt facilities and lease liabilities. Based on the Company&#8217;s interest rate exposure at June&#160;30, 2026, a 25 basis points increase or decrease in the market interest rate does not have a significant impact on net earnings or loss.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_151"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">26.  SUPPLEMENTAL CASH FLOW INFORMATION</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.829%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.057%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.064%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other adjustments to investing activities&#58;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Proceeds from disposal of marketable securities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,733&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$6,706&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2,017&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loan to Sierra Madre</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,500&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,000&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deposits (paid) applied for the acquisition of non-current assets</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,267&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(49)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,266)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(150)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Purchase of marketable securities</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(262)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,096)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other strategic investments</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">707&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$3,767</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$1,684</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$10,178</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">($522)</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">change</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">in</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">non-cash</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">working</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">capital</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">items&#58;</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Decrease (increase) in trade and other receivables</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$29,580&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">($6,501)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$70,646&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">($4,917)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Increase in value added taxes receivable</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,397)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,613)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8,422)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,637)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Increase in inventories</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,805)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(837)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23,117)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(679)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Increase) decrease in prepaid expenses and other</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,888)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,314&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12,029)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,898&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Increase (decrease) in income taxes payable</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,733&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,437&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,409&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,063)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Increase in trade and other payables</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,739&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,071&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,402&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,958&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;Increase in restricted cash (Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if2ebd7f03a1c4624a4c126a00ede22dc_118" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">19</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,638)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,066)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,151)</font></td><td 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1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$7,324</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$5,805</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$28,738</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">($20,695)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-cash</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">investing</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">and</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">financing</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">activities&#58;</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfer of share-based payments reserve upon settlement of RSU's, PSU's and DSU's</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$33&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,389&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2,362&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,241&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transfer of share-based payments reserve upon exercise of options</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">477&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,041&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,527&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,210&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition of Gatos</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,453,478&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$510</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$14,430</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$10,889</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$1,478,929</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) On April 29, 2024, the Company entered into an agreement to loan $5.0 million to Sierra Madre, to be used towards the development and progress of the La Guitarra Mine. The transaction closed on May 7, 2024 and was initially repayable to the Company within 24 months (&#34;Maturity Date&#34;). In June 2025, the agreement was amended to extend the Closing Date by one year, now expiring on May 7, 2027. The loan is subject to an interest rate of 15% per year, which will be due and payable starting six months from the Closing Date of the loan. Sierra Madre fully repaid the $5.0 million loan to the Company, with $2.5 million repaid during Q1 2026 and the remaining $2.5 million repaid during Q2 2026.</font></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, cash and cash equivalents include $8.5 million (December 31, 2025 - $8.2 million) that are held in-trust as bonds for tax audits in Mexico. </font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 47</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_154"></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">27.  CONTINGENCIES AND OTHER MATTERS</font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Due to the size, complexity and nature of the Company&#8217;s operations, various legal and tax matters arise in the ordinary course of business. The Company accrues for such items when a liability is probable and the amount can be reasonably estimated. </font></div><div><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(a) Claims and Legal Proceedings Risks</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to various claims and legal proceedings covering a wide range of matters that arise in the ordinary course of business activities. Each of these matters is subject to various uncertainties and it is possible that some of these other matters may be resolved in a manner that is unfavourable to the Company and which may result in a material adverse impact on the Company's financial performance, cash flow or results of operations. First Majestic carries liability insurance coverage and establishes provisions for matters that are probable and can be reasonably estimated&#59; however, there can be no guarantee that the amount of such coverage is sufficient to protect against all potential liabilities. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b) Primero Tax Rulings</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">When Primero Mining Corp. (&#8220;Primero&#8221;) initially acquired the San Dimas mine in August 2010, it assumed the obligations under a silver purchase agreement (&#8220;Prior Stream Agreement&#8221;) that required its subsidiary, PEM, to sell exclusively to Wheaton Precious Metals Corp. (&#8220;Wheaton&#8221;) up to 6 million ounces of silver produced from the San Dimas mine, and 50% of silver produced thereafter, at the lower of&#58; (i) the spot market price and (ii) $4.04 per ounce plus an annual increase of 1% (the &#8220;PEM Realized Price&#8221;). In May 2018, the Prior Stream Agreement was terminated between Wheaton and Silver Trading (Barbados) Limited (&#8220;STB&#8221;) in connection with the Company entering into a new precious metal purchase agreement with Wheaton Precious Metals International Ltd. (&#8220;WPMI&#8221;) concurrent with the Company&#8217;s acquisition of Primero.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The specific terms of the Prior Stream Agreement required that Primero sell the silver through one of its non-Mexican subsidiaries, STB, to Wheaton&#8217;s Cayman subsidiary, WPMI. As a result, Primero&#8217;s Mexican subsidiary that held the San Dimas mine concessions, PEM, entered into an agreement (the &#8220;Internal Stream Agreement&#8221;) to sell the required amount of silver produced from the San Dimas mine concessions to STB to allow STB to fulfill its obligations under the Prior Stream Agreement.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2010, PEM amended the terms of sales of silver between itself and STB under the Internal Stream Agreement and commenced to sell the amount of silver due under the Prior Stream Agreement to STB at the PEM Realized Price. For Mexican income tax purposes, PEM then recognized the revenue on these silver sales on the basis of its actual realized revenue, which was the PEM Realized Price.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In order to obtain assurances that the SAT would accept the PEM Realized Price (and not the spot market silver price) as the proper price to use to calculate Mexican income taxes, Primero applied for and received the APA from the SAT in October 2012. The APA confirmed the PEM Realized Price would be used as PEM&#8217;s basis for calculating income taxes owed on the silver sold to STB under the Internal Stream Agreement for the taxation years 2010 to 2014. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2015 the SAT initiated a legal proceeding in Mexico seeking to retroactively nullify the APA&#59; however, the SAT did not identify an alternative basis in its legal claim for calculating income taxes on the silver sold by PEM (for which PEM received the PEM Realized Price).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2019, the SAT issued reassessments for the 2010 ($39.5 million), 2011 ($117.0 million) and 2012 ($220.9 million) tax years for an aggregate amount of $377.4 million (6,593 million MXN) inclusive of interest, inflation and penalties. In 2021, the SAT issued a reassessment against PEM for the 2013 tax year in the amount of $199.6 million (3,488 million MXN) inclusive of interest, inflation and penalties. In 2023, the SAT issued reassessments for the 2014, 2015 and 2016 tax years for an aggregate amount of $508.7 million (8,887 million MXN) inclusive of interest, inflation, and penalties. In 2025, the SAT issued a reassessment against PEM for the 2017 tax year in the amount of $75.7 million (1,322 million MXN) inclusive of interest, inflation and penalties. Most recently, in April 2026, the SAT issued a reassessment against PEM for the 2018 tax year in the amount of $115 million (2,008 million MXN)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The aforementioned reassessments for the tax years 2010 to 2018 (inclusive), which aggregate to $1.28 billion (22,298 million MXN) are collectively referred to in these consolidated financial statements as the &#8220;Reassessments&#8221;. For the 2019 tax year, the SAT has initiated an audit that has not yet been concluded, and therefore, a tax reassessment for that year has yet to be issued. The Company believes that the Reassessments fail to recognize the applicability of a valid transfer pricing methodology. The major items in the Reassessments include determination of revenue </font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 48</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">27.  CONTINGENCIES AND OTHER MATTERS (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b) Primero Tax Rulings (continued)</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">based on spot market prices of silver, denial of the deductibility of interest expense and service fees, SAT technical error related to double counting of taxes, and interest and penalties. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company continues to defend the APA in domestic legal proceedings in Mexico, and the Company has also requested resolution of the transfer pricing dispute pursuant to the Mutual Agreement Procedure (&#8220;MAP&#8221;), under the relevant avoidance of double taxation treaties, between the competent tax authorities of Mexico, Canada, Luxembourg and Barbados. The SAT has refused to take the necessary steps under the MAP processes contained in the three tax treaties. The Company believes that by its refusal, Mexico is in breach of its international obligations regarding double taxation treaties. Furthermore, the Company continues to believe that the APA remains valid and legally binding on the SAT.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Domestic Remedies in Mexico</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2020, the Company was served with a decision of the Mexican Federal Tax Court on Administrative Matters (the &#8220;Mexican Federal Tax Court&#8221;) seeking to nullify the APA granted to PEM, which the Company subsequently appealed. On December 5, 2023, the Mexican Circuit Court issued a decision, which was formally notified to the Company on January 4, 2024. In such decision, the Mexican Circuit Court partially granted constitutional protection to the Company with respect to certain matters, but not others.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Accordingly, on January 18, 2024, PEM filed an extraordinary appeal to the Mexican Supreme Court of Justice (the &#8220;Mexican Supreme Court&#8221;) with respect to PEM&#8217;s constitutional arguments that were not accepted in the Mexican Circuit Court&#8217;s decision. On September 18, 2024, the Mexican Supreme Court issued its decision, which was formally notified to the Company on October 15, 2024. The Mexican Supreme Court dismissed the Company&#8217;s appeal regarding the constitutional arguments, but affirmed the validity of certain precedents of the Mexican Supreme Court which the Company believes are favourable to PEM and that were not considered by the Mexican Federal Tax Court in its original decision in September 2020. The case was sent back to the Federal Tax Court, and on December 4, 2024, the Federal Tax Court issued a new decision which the Company believes did not take into account the Mexican Supreme Court precedents. Accordingly, on January 23, 2025, PEM filed a new constitutional lawsuit against the latest decision of the Mexican Federal Tax Court and it expects that a decision on this new lawsuit may be issued by the Second Collegiate Court in the second half of 2026.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PEM has been challenging the 2010, 2011 and 2012 Reassessments in the Mexican courts. After the Collegiate Court issued its decision on December 5, 2024 upholding the 2012 Reassessment, PEM appealed the decision to the Mexican Supreme Court, and the Ministry of Finance and Public Credit (the &#8220;Mexican Finance Ministry&#8221;) responded by filing its own appeal. On October 30, 2025, the Mexican Supreme Court granted the Mexican Finance Ministry&#8217;s appeal, and therefore, the Mexican Supreme Court will not hear PEM&#8217;s appeal of the Collegiate Court&#8217;s decision. As a result, the Collegiate Court&#8217;s decision with respect to the 2012 Reassessment is a final decision and there are no further challenges available domestically to PEM in respect of the 2012 Reassessment. However, the Company is assessing what further actions it may wish to take internationally. The Company&#8217;s ongoing NAFTA proceeding against Mexico covers the 2010 to 2020 tax years, the disregard of the APA during such years and the tax reassessments which have been issued against PEM as a result of such disregard, which includes the 2012 Reassessment.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">International Remedies</font></div><div style="margin-bottom:6pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">i. NAFTA APA Claim</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In respect of the APA, the Company submitted a Request for Arbitration (the &#8220;Arbitration Request&#8221;) dated March 1, 2021 to the International Centre for Settlement of Investment Disputes (&#34;ICSID&#34;), on its own behalf and on behalf of PEM, pursuant to Chapter 11 of NAFTA (the &#8220;NAFTA APA Claim&#8221;). The NAFTA Arbitration Panel (the &#8220;Tribunal&#8221;) was fully constituted on August 20, 2021. Various procedural filings have since been made by the Company and Mexico.  </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Of note, on May 26, 2023, the Tribunal granted certain provisional measures requested by the Company, issuing an order for Mexico to allow the Company to access VAT refunds from January 4, 2023 onwards that had been deposited by the SAT into a bank account of PEM that had been frozen by the SAT, and to deposit all future VAT refunds into a new bank account of PEM</font></div><div style="text-align:justify"><font><br></font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 49</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">27.  CONTINGENCIES AND OTHER MATTERS (continued)</font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b) Primero Tax Rulings (continued)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">which shall remain freely accessible by the Company (the &#34;PM Decision&#34;). The PM Decision was upheld by the Tribunal on September 1, 2023, in response to a request from Mexico to revoke the decision. As a result, Mexico is obligated to comply with the PM Decision which requires payment of VAT refunds owing to PEM as of January 4, 2023 and into the future until the final award is rendered by the Tribunal. On July 9, 2024, the Company received a transfer of $11.0 million (198.4 million MXN) from the frozen bank account to a new bank account of PEM that the Company had opened in July 2023. The transfer of such funds was carried out by Mexico in partial compliance with its obligations under the PM Decision. However, Mexico still needs to transfer approximately $4.5 million from the frozen bank account.  In addition, in breach of the PM Decision, on August 29, 2024 the SAT froze the new bank account that PEM had opened for the purpose of receiving VAT refunds.  Mexico argued that they did not need to comply with the PM Decision whilst their Consolidation Request (detailed below) was still being decided. </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the rejection of Mexico&#8217;s Consolidation Request in July 2025, the suspension on the arbitration proceedings for the NAFTA APA Claim was lifted, and the Company informed the Tribunal of Mexico&#8217;s continued non-compliance with the PM Decision. On September 22, 2025, the Tribunal issued Procedural Order No. 8, wherein the Tribunal confirmed that full compliance with the PM Decision requires that all monthly VAT refunds by SAT in favour of PEM, already effected or to be made in the future while the arbitration on the NAFTA APA Claim is ongoing, must be freely available to PEM, by SAT depositing or transferring such amounts to accounts to be maintained freely available to PEM.  The Tribunal ordered Mexico to make available to PEM the approximately US$4.5 million worth of VAT refunds in the first frozen bank account.  The Tribunal also confirmed that the freezing by the SAT of PEM&#8217;s bank account that had been opened after the PM Decision was rendered for the purpose of receiving VAT refunds was contrary to the PM Decision, and that Mexico must remedy the situation to ensure that the VAT refunds currently in such bank account, and any VAT refunds deposited into such bank account in the future, are freely available to PEM.  As of the date of these consolidated financial statements, Mexico has yet to comply with the Tribunal&#8217;s latest order on this matter.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 12, 2024, Mexico filed a request (the &#8220;Consolidation Request&#8221;) with ICSID pursuant to the procedure in Article 1126 of NAFTA to consolidate the NAFTA APA Claim and the NAFTA VAT Claim (defined further below) into one arbitration proceeding. A separate three-person tribunal to consider the Consolidation Request (the &#8220;Consolidation Tribunal&#8221;) was constituted on May 8, 2024, and an in-person hearing for the Consolidation Request took place in Washington, D.C. on January 27 and 28, 2025. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 28, 2025, the Consolidation Tribunal rendered its decision (the &#8220;Consolidation Decision&#8221;) and rejected the Consolidation Request. It also lifted the suspension on the arbitration proceedings related to the NAFTA APA Claim and the NAFTA VAT Claim effective immediately as of July 28, 2025. Accordingly, the arbitration proceedings related to the NAFTA APA Claim and the NAFTA VAT Claim reconvened after having been suspended for over a year. On October 21, 2025, the Company filed its Ancillary Claims Memorial in order to add the claims covered by the NAFTA VAT Claim as ancillary claims to the NAFTA APA Claim. In addition, on December 10, 2025, the Company filed an amendment to its Arbitration Request to increase its damages claim against Mexico with respect to the NAFTA APA Claim to $1.09 billion.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Based on the Company&#8217;s consultations with third party advisors, the Company believes PEM filed its tax returns in compliance with applicable Mexican law and that the APA is valid, therefore, at this time, other than with respect to the 2012 Reassessment, no liability has been recognized in the financial statements with respect to this matter. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To the extent it is ultimately determined that the pricing for silver sales under the Prior Stream Agreement is significantly different from the PEM Realized Price, and while PEM would have rights of appeal in connection with any reassessments, it is likely to have a materially adverse effect on the Company&#8217;s business, financial position and results of operations. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ii. NAFTA VAT Claim</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 31, 2023, the Company filed a new Notice of Intent on its own behalf and on behalf of PEM under the &#34;legacy investment&#34; claim provisions contained in Annex 14-C of the Canada-United States-Mexico Agreement (&#8220;CUSMA&#8221;) and Chapter 11 of NAFTA to invite the Government of Mexico to engage in discussions to resolve the dispute regarding the ongoing denial of access to PEM&#8217;s VAT refunds (&#34;NAFTA VAT Claim&#34;). </font></div><div><font><br></font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 50</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">27.  CONTINGENCIES AND OTHER MATTERS (continued)</font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(b) Primero Tax Rulings (continued)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the Consolidation Decision, on October 21, 2025, the Company filed its Ancillary Claims Memorial with the Tribunal for the NAFTA APA Claim. The Company received confirmation from ICSID that the NAFTA VAT Claim proceedings had been discontinued effective as of January 27, 2026.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While the Company remains confident in its position with regards to its NAFTA APA Claim, it continues to engage with the Government of Mexico and the SAT in consultation discussions so as to amicably resolve these disputes.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(c) La Encantada Tax Re-assessments</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, as part of the ongoing annual audits of the tax returns of Minera La Encantada, S.A. de C.V. (&#8220;MLE&#8221;) and Corporacion First Majestic S.A. de C.V. (&#8220;CFM&#8221;), the SAT issued tax assessments for fiscal 2012 and 2013 for corporate income tax in the amount of $43.1 million (754 million MXN) and $31.4 million (549 million MXN) including interest, inflation and penalties, respectively. In December 2022, the SAT issued tax assessments to MLE for fiscal years 2014 and 2015 for corporate income tax in the amount of $19.9 million (348 million MXN) and $250.2 million (4,371 million MXN). In 2023, the SAT issued a tax assessment to MLE for the fiscal year 2016 for corporate income tax in the amount of $3.5 million (61 million MXN). The SAT also issued an assessment for fiscal 2017 in the amount of $7.5 million (131 million MXN). The major items relate to a forward silver purchase agreement, and the denial of the deductibility of mine development costs and service fees. The Company continues to defend the validity of the forward silver purchase agreement and will vigorously dispute the assessments that have been issued. The Company, based on advice from legal and financial advisors, believes MLE&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(d) San Martin Tax Re-assessments</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2023, as part of the ongoing annual audits of the tax returns of Minera El Pilon, S.A. de C.V. (&#8220;MEP&#8221;), the SAT issued tax assessments for fiscal 2014, 2015 and 2016 for corporate income tax in the total amount of $26.7 million (505 million MXN) including interest, inflation and penalties. In 2024, the SAT issued a tax assessment for fiscal 2017 for corporate income tax in </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the amount of $3.7 million (67 million MXN) including interest, inflation, and penalties. The majority of these tax assessments related to a prior forward silver purchase agreement to which MEP was a party, and to the denial of the deductibility of mine development costs.  Pursuant to discussions, the Company and the SAT came to a resolution regarding silver sales made pursuant to the forward silver purchase agreement that resulted in the Company paying the SAT additional income taxes in the amount of $5.2 million (95.3 million MXN) in August 2025, following which amounts related to the forward silver purchase agreement were removed from the assessed amounts for the relevant years.  The tax assessments for fiscal 2014, 2015, 2016, and 2017 for corporate income tax now total $21.9 million (450 million MXN), including interest, inflation and penalties, and now relate only to the denial of the deductibility of mine development costs. In 2025, the SAT issued an additional tax assessment for fiscal 2018 in the amount of $5.6 million (97 million MXN) including interest, inflation, and penalties. The Company continues to defend the validity of the deductibility of the mine development costs and will vigorously dispute the assessments that have been issued in respect of such costs. The Company, based on advice from legal and financial advisors, believes MEP&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(e) La Parrilla Tax Re-assessments</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2023 and 2024, as part of the ongoing annual audits of the tax returns of First Majestic Plata, S.A. de C.V. (&#8220;FMP&#8221;) (an indirect wholly-owned subsidiary of the Company which was the owner of the Company&#8217;s La Parrilla property which was disposed of in 2023), the SAT issued tax assessments for fiscal 2014, 2015, and 2016 for corporate income tax in the total amount of $71.4 million (1,247 million MXN) including interest, inflation and penalties. In 2025, the SAT issued a tax assessment for fiscal 2017 for corporate income tax in the total amount of $2.7 million (47 million MXN) including interest, inflation and penalties. In 2026, the SAT issued a tax assessment for fiscal 2018 for corporate income tax in the total amount of $2.5 million (43 million MXN) including interest, inflation and penalties. The majority of these tax assessments relate to a prior forward silver purchase agreement to which FMP was a party, and to the denial of the deductibility of mine development costs. Pursuant to discussions, the Company and the SAT came to a resolution regarding silver sales made</font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 51</font></div></td></tr></table></div></div></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">27.  CONTINGENCIES AND OTHER MATTERS (continued)</font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(e) La Parrilla Tax Re-assessments (continued)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">pursuant to the forward silver purchase agreement that resulted in the Company paying the SAT additional income taxes in the amount of $10.1 million (176.0 million MXN) in July 2026, which was included in current income tax expense for the period ended June 30, 2026. The Company continues to defend the validity of the deductibility of the mine development costs and will vigorously dispute the assessments that have been issued in respect of such costs. The Company, based on advice from legal and financial advisors, believes FMP&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements.   </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(f) Del Toro Tax Re-assessments</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2023, as part of the ongoing annual audits of the tax returns of First Majestic Del Toro, S.A. de C.V. (&#8220;FMDT&#8221;), the SAT issued tax assessments for fiscal 2015 and 2016 for corporate income tax in the total amount of $29.6 million (517 million MXN) including interest, inflation and penalties. The major items relate to and denial of the deductibility of mine development costs, refining costs, and other expenses. The Company continues to defend the validity of the expenses and will vigorously dispute the assessments that have been issued. The Company, based on advice from legal and financial advisors, believes FMDT&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements. Pursuant to the share purchase agreement with respect to Del Toro, the Company remains liable for all such taxes which are ultimately determined to be payable with respect to such period notwithstanding closing of the sale of FMDT.</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(g) CFM Tax Re-assessments</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2023, as part of the ongoing annual audits of the tax returns of CFM, the SAT issued a tax assessment for fiscal 2016 for corporate income tax in the total amount of $84.3 million (1,473 million MXN) including interest, inflation and penalties. The major item relates to planning that took place after the Company&#8217;s acquisition of Santa Elena (via the Company's acquisition of SilverCrest Mines Inc. on October 1, 2015) at the Canadian level. Mexico contends a right to tax a disposition of the shares of SilverCrest Mines Inc. by First Majestic, even the transaction in question involved the disposition of the shares of one Canadian company by another Canadian company and was reported for tax purposes in Canada. The Company continues to defend the validity of the transaction in question and will vigorously dispute the assessments that have been issued. The Company, based on advice from legal and financial advisors, believes CFM&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(h) First Silver Litigation </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In April 2013, the Company received a positive judgment on the First Silver litigation from the Supreme Court of British Columbia (the &#8220;Court&#8221;), which awarded the sum of $93.8 million in favour of First Majestic against Hector Davila Santos (the &#8220;Defendant&#8221;) in connection with a dispute between the Company and the Defendant and his private company involving a mine in Mexico (the &#8220;Bola&#241;os Mine&#8221;) as set out further below. The Company received the sum of $14.1 million (representing monies previously held in trust by the Defendant&#8217;s lawyer) on June 27, 2013, in partial payment of the April 2013 judgment, leaving an unpaid amount of $64.3 million (CAD$81.5 million), not including interest. As part of the ruling, the Court granted orders restricting any transfer or encumbrance of the Bola&#241;os Mine by the Defendant and limiting mining at the Bola&#241;os Mine. The orders also require the Defendant to preserve net cash flow from the Bola&#241;os Mine in a holding account and periodically provide to the Company certain information regarding the Bola&#241;os Mine. After many years of domestic Mexican litigation, the enforceability of the British Columbia judgment was finally recognized by the Mexican Supreme Court in a written judgment on November 11, 2022. The Company is continuing its enforcement efforts in respect of the Defendant&#8217;s assets in Mexico. There are no assurances that the Company will be successful in collecting on the remainder of the Court&#8217;s judgment in respect of the Defendant&#8217;s assets. Therefore, as at June 30, 2026, the Company has not accrued any of the remaining $64.3 million (CAD$81.5 million) unrecovered judgment in favour of the Company.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 52</font></div></td></tr></table></div></div></div><div id="if2ebd7f03a1c4624a4c126a00ede22dc_163"></div><hr style="page-break-after:always"><div style="min-height:63pt;width:100%"><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:65.25pt;text-indent:-67.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Condensed Interim Consolidated Financial Statements - Unaudited</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Tabular amounts are expressed in thousands of US dollars)</font></td></tr></table></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">28.  SUBSEQUENT EVENTS</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Declaration of Quarterly Dividend</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July&#160;29, 2026, the Company&#8217;s Board of Directors approved the declaration of its quarterly common share dividend of $0.0152 per share, payable on or after August&#160;31, 2026, to common shareholders of record as at the close of business on August&#160;14, 2026. This dividend was declared subsequent to the quarter end and has not been recognized as a distribution to owners during the period ended June&#160;30, 2026.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Sale of San Martin Mine</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 7, 2026, the Company announced that it had entered into a definitive agreement dated July 6, 2026 to sell its San Martin mine to Flextronics Supply and Service, S. de R.L. de C.V (&#8220;Flextronics&#8221;), a private Mexican company, for total cash consideration of $90 million, comprised of upfront consideration of $2.5 million payable upon closing of the Transaction ($500,000 of this amount has already been deposited into escrow as a deposit), and an additional $87.5 million in future payments. Closing of the Transaction is subject to customary closing conditions, as well as Mexican Antitrust approval.</font></div><div style="height:63pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.285%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of the condensed interim consolidated financial statements</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="padding-left:36pt;text-align:right"><font style="color:#424242;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page 53</font></div></td></tr></table></div></div></div></body></html>
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<title>Document</title></head><body><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_1"></div><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:8pt;text-align:center"><img alt="image0b33.gif" src="image0b33.gif" style="height:186px;margin-bottom:5pt;vertical-align:text-bottom;width:280px"></div><div style="margin-bottom:8pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:15pt;font-weight:700;line-height:120%">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">FOR THE QUARTER ENDED JUNE&#160;30, 2026  </font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="height:58.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="9" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2<br>Phone&#58; 604.688.3033 &#124; Fax&#58; 604.639.8873&#124; Toll Free&#58; 1.866.529.2807 &#124; Email&#58; info&#64;firstmajestic.com<br>www.firstmajestic.com</font></td></tr></table></div><div style="text-align:center"><font><br></font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_4"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:23.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:74.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">TABLE OF CONTENTS</font></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:2.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:89.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.812%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_7" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">COMPANY OVERVIEW</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_7" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">3</a></font></div></td></tr><tr style="height:8pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_13" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">2026 SECOND QUARTER HIGHLIGHTS</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_13" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font></div></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_16" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">ACQUISITION OF GATOS SILVER INC.</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_16" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">8</a></font></div></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_19" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">2026 PRODUCTION OUTLOOK AND COST GUIDANCE UPDATE</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_19" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">12</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">OVERVIEW OF OPERATING RESULTS</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_22" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Summary of Selected Quarterly Production Results</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_22" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">15</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_25" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Consolidated Operations</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_25" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">16</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_28" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Los Gatos Silver Mine</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">   </font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_28" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">18</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_31" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Santa Elena Silver&#47;Gold Mine</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_31" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">20</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_34" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">San Dimas Silver&#47;Gold Mine</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_34" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">22</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_37" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">La Encantada Silver Mine</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_37" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">24</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_40" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">First Mint LLC</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_40" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">26</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_43" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Jerritt Canyon Gold Mine</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_43" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">27</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_52" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Del Toro Silver Mine</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_52" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">28</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_58" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">San Martin Silver Mine</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_58" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">28</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_64" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Springpole Silver Stream</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_64" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">29</a></font></div></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">OVERVIEW OF FINANCIAL PERFORMANCE</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_73" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Second Quarter 2026 vs 2025</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_73" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">31</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_70" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Year to Date 2026 vs 2025</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_70" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">33</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_76" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Summary of Selected Quarterly Results</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_76" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">36</a></font></div></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">OTHER DISCLOSURES</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_79" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Liquidity, Capital Resources and Contractual Obligations</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_79" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">36</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_82" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Management of Risks and Uncertainties</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_82" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">38</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_85" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Other Financial Information</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_85" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">50</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_88" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Subsequent Events</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_88" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">52</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_91" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Accounting Policies, Judgments and Estimates</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_91" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">52</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_94" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Non-GAAP Measures</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_94" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">53</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_106" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Management's Report on Internal Control Over Financial Reporting</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_106" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">63</a></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_109" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Cautionary Statements</a></font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#ifd1a2c0a61b349939b7cecec2c2c3aa7_109" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">64</a></font></div></td></tr></table><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_7"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:16pt;font-weight:700;line-height:120%">MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This Management&#8217;s Discussion and Analysis of Results of Operations and Financial Condition (&#8220;MD&#38;A&#8221;) should be read in conjunction with the unaudited consolidated financial statements of First Majestic Silver Corp. (&#8220;First Majestic&#8221; or the &#34;Company&#8221;) for the three and six months ended June 30,2026, which are prepared in accordance with International Accounting Standard (&#34;IAS&#34;) 34, </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#34;Interim Financial Reporting&#34;, </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and the audited consolidated financial statements of the Company as at and for the year ended December&#160;31, 2025, as some disclosures from the annual consolidated financial statements have been condensed or omitted.&#160;All dollar amounts are expressed in United States (&#8220;US&#8221;) dollars and tabular amounts are expressed in thousands of US dollars, unless otherwise indicated. Certain amounts shown in this MD&#38;A may not add exactly to total amounts due to rounding differences. Production and certain metrics as specified in each table throughout the MD&#38;A with respect to the Los Gatos Silver Mine are presented on an attributable basis calculated on the basis of the Company&#8217;s 70% interest in the Los Gatos joint venture.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This MD&#38;A contains &#8220;forward-looking statements&#8221; that are subject to risk factors set out in a cautionary note contained at the end of this MD&#38;A. All information contained in this MD&#38;A is current and has been approved by the Board of Directors of the Company as of July&#160;29, 2026 unless otherwise stated. </font></div><div style="text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:23.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:74.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">COMPANY OVERVIEW</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">First Majestic is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The Company owns four producing mines in Mexico consisting of the Santa Elena Silver&#47;Gold Mine, the Los Gatos Silver Mine (&#8220;Los Gatos&#8221;) (through the Company&#8217;s 70% interest in the Los Gatos joint venture that owns the mine), the San Dimas Silver&#47;Gold Mine, and the La Encantada Silver Mine. The Company also owns the Jerritt Canyon Gold Mine in Nevada, USA which the Company placed on temporary suspension on March 20, 2023 to focus on exploration, definition, and expansion of the mineral resources and optimization of mine planning and plant operations. On April 2, 2026, the Company announced that it has commenced a restart plan for the Jerritt Canyon Gold Mine (see news release dated April 2, 2026) as a result of the new expanded Mineral Resource base combined with strengthened long-term gold price assumptions and successful drilling results over the past two years. The Company also owns the San Martin Silver Mine in Mexico, which is currently in care and maintenance,</font><font style="color:#ff0000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">as well as several exploration projects. On July 6, 2026, the Company announced that it had entered into a definitive agreement to sell its wholly-owned subsidiary that owns 100% of the San Martin Silver Mine to Flextronics Supply and Service, S. de R.L. de C.V (&#8220;Flextronics&#8221;), subject to the satisfaction of certain conditions. In addition, the Company is the 100% owner and operator of a minting facility, First Mint, LLC (&#8220;First Mint&#8221;).</font></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 19, 2026, the Company completed the sale of its previously wholly-owned subsidiary that owned 100% of the Del Toro Silver Mine to Sierra Madre Gold and Silver Ltd.</font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">First Majestic is publicly listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol &#8220;AG&#8221;, and on the Frankfurt Stock Exchange under the symbol &#8220;FMV&#8221;. </font></div><div><img alt="updatedassetmap.jpg" src="updatedassetmap.jpg" style="height:278px;margin-bottom:5pt;vertical-align:text-bottom;width:638px"></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_13"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">2026 SECOND QUARTER HIGHLIGHTS</font></div></td></tr></table></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:21.370%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.275%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.275%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.828%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.828%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.828%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.684%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Key Performance Metrics</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2026-Q1</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change<br>Q2'26 vs Q1'26</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change <br>Q2'26 vs Q2'25</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2026-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2025-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change<br>'26 vs '25</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operational</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ore Processed &#47; Tonnes Milled</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,040,314</font></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,059,333&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,003,804&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,099,647</font></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,948,177&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver Ounces Produced</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,799,823</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,545,683&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,701,995&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,345,506</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,406,498&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold Ounces Produced</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,660</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,341&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,864&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,333&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash Costs per Silver Equivalent (&#34;AgEq&#34;) Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$18.06</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20.28&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$15.08&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$19.15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$14.39&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">All-in Sustaining Cost per AgEq Ounce  (&#34;AISC&#34;)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$25.68</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$29.76&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$21.02&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$27.67</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20.14&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Production Cost per Tonne</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.16</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.22&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$104.45&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.19</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$101.19&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b3b3b3;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td><td style="border-top:1pt solid #b3b3b3;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average Realized Silver Price per Silver Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$63.98</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$86.35&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$33.68&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$74.83</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$33.39&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">124</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average Realized Gold Price per Gold Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,347</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$5,018&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,097&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">40</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,680</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2,937&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">59</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Financial (in $millions)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Revenues</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$415.5</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$476.7&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$264.2&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$892.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$508.2&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mine Operating Earnings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$223.6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$266.6&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$49.4&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">353</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$490.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$113.2&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">333</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net Earnings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$125.9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$147.5&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b3b3b3;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$56.6&#160;</font></td><td style="border-top:1pt solid #b3b3b3;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">123</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$273.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$62.8&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">335</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Earnings before Interest, Tax, Depreciation and Amortization (&#34;EBITDA&#34;)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$252.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$306.8&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$119.9&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">110</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$559.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$218.7&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">156</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted EBITDA</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$257.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$320.8&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(20</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$125.3&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$577.9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$235.0&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">146</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating Cash Flows before Non-Cash Working Capital and Taxes</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$248.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$310.6&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(20</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$114.9&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$558.9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$225.0&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">148</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Free Cash Flow</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$194.6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$223.5&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$77.9&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">150</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$418.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$121.4&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">244</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Capital Expenditures</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$65.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$49.1&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$56.0&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$114.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.0&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and Cash Equivalents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,093.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$984.8&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$384.8&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">184</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,093.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$384.8&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">184</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted Cash</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$159.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$143.8&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$105.6&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$159.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$105.6&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">51</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,939.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,819.6&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,094.0&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,939.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4,094.0&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Non-Current Financial Liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,005.5</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,014.1&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$995.6&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1,005.5</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$995.6&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Working Capital</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$876.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$843.1&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$444.1&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$876.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$444.1&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">97</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Shareholders</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Earnings per Share (&#34;EPS&#34;) &#8211; Basic &#38; Diluted</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.22</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.26&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.11&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.48</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.12&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">300</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted EPS</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </font></div></td><td colspan="3" style="border-bottom:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.21</font></td><td colspan="3" style="border-bottom:1pt solid #acacac;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.31&#160;</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(32</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.04&#160;</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">455</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #c0c0c0;border-top:1pt solid #acacac;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.51</font></td><td colspan="3" style="border-bottom:1pt solid #acacac;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$0.08&#160;</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">538</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:3.47pt">These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="padding-left:13.5pt;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:112%">(2) Operational metrics shown in the table above are reported on an attributable basis to account for the Company&#8217;s 70% ownership of Los Gatos.</font></div><div style="text-align:justify;text-indent:6.75pt"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="padding-left:4.5pt;padding-right:4.5pt;text-align:center;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.655%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.804%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.209%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.362%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Second Quarter Production Summary</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Los Gatos </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)(3)</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Consolidated</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore Processed &#47; Tonnes Milled</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">210,607&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">305,369&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">203,486&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">320,852&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">1,040,314</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Silver Ounces Produced</font></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,279,553&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">422,571&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,062,203&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,035,497&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">3,799,823</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold Ounces Produced </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font></div></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">772&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,468&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,385&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">35&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">34,660</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash Costs per AgEq Ounce </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$15.35&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$17.83&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$18.79&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$21.54&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$18.06</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">All-in Sustaining Cost per AgEq  Ounce </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$16.82&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$27.36&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$22.57&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$26.25&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$25.68</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total Production Cost per Tonne </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$106.05&#160;</font></td><td style="border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$101.95&#160;</font></td><td style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$180.74&#160;</font></td><td style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$66.20&#160;</font></td><td style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$107.16</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.2pt">All production and non-GAAP results shown in the table above are reported on an attributable basis, meaning they reflect only the portion of results corresponding to the Company&#8217;s 70% ownership of the Los Gatos Silver Mine. </font></div><div style="padding-left:18pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.2pt">These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:8.2pt">Base metal production at the Los Gatos Silver Mine includes 16,484,603 lbs. zinc, 9,023,177 lbs. lead and 252,938 lbs. copper (70% attributable basis).</font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-11.25pt"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Second Quarter Financial Highlights</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.15pt">The Company previously reported its second quarter production results, with strong performance particularly from Santa Elena and La Encantada. </font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues increased compared to the second quarter of 2025, driven by higher realized silver and gold prices. Through a continued focus on operational efficiency, revenue growth outpaced both inflationary cost increases, as well as variable costs such as royalties and worker production bonuses that are linked to silver price, resulting in meaningful margin expansion. Throughput rates increased by 4% compared to the second quarter of 2025, enabling the Company to process a greater volume of material and economically process lower grades. While reported per-ounce costs increased compared to the second quarter of 2025, this was largely attributable to changes in AgEq conversion ratios driven by rising silver prices, which impact per-ounce cost metrics despite stronger underlying operational performance. </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#8226;</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">T</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">reasury and Working Capital Position&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company ended the second quarter with $1,252.7&#160;million in cash and in treasury, representing a 34% increase compared to the $937.7&#160;million at the end of 2025. Cash in treasury includes $159.4 million that is held in restricted cash, compared to $144.3 million as at December 31, 2025. Working capital reached a record high of $876.0 million, excluding $159.4 million in restricted cash, representing a 19% increase compared to $733.6 million as at December 31, 2025. The efficient management of working capital remains a focus. The overall liquidity, defined as working capital, plus undrawn lines of credit, of the Company as at June 30, 2026 was $1,035.8 million compared to $873.2 million as at December 31, 2025. Refer to the &#8220;Liquidity, Capital Resources and Contractual Obligations&#8221; section below for further details.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Revenue&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the second quarter, the Company recognized revenues of $415.5 million, representing a 57% increase compared to $264.2 million in the second quarter of 2025. The increase in revenues was driven by a 90% higher average realized silver price, and a 40% higher average realized gold price, when compared to the second quarter of 2025. Realized prices were impacted by $40 million mark-to-market adjustments on open concentrate sales, resulting from lower commodity prices at quarter-end, compared to preceding months. Realized silver price before mark-to-market adjustment during the current quarter was $74.48 per ounce. Revenue growth was also driven by a 57% and a 22% increase in silver ounces sold from La Encantada and Santa Elena, respectively. The increase in revenues was partially offset by fewer ounces sold from the remaining operations compared to the second quarter of 2025.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Mine Operating Earnings&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company achieved operating earnings of $223.6 million, a 353% increase compared to the mine operating earnings of $49.4&#160;million in the second quarter of 2025. This increase was largely driven by higher metal prices compared to the second quarter of 2025, and an increase of 57% and 22% of silver ounces sold from La Encantada and Santa Elena, respectively, compared to the second quarter of 2025. There was an improvement in mine operating earnings across all sites totaling $183.6 million compared to the second quarter of 2025. </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Cash Flow from Operations&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating cash flow before changes in working capital and taxes paid in the quarter was $248.3 million, representing a 116% increase in operating cash flow compared to $114.9 million in the second quarter of 2025. This improvement was primarily driven by a $174.3 million increase in mine operating earnings, largely driven by higher revenues generated during the quarter.  </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">EBITDA</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">EBITDA for the quarter was $252.3 million, representing a 110% increase compared to $119.9 million in the second quarter of 2025. The increase in EBITDA was primarily attributable to higher realized prices in the quarter compared to the second quarter of 2025. This increase was partially offset by a $3.5 million non-cash foreign exchange loss during the quarter, compared to an $11.8 million gain in the second quarter of 2025, additional maintenance costs at Los Gatos and San Dimas of $4.1 million, compared to $2.8 million in the second quarter of 2025, as well as $2.2 million in restructuring costs driven by higher severance costs incurred as the Company continues to optimize its workforce across all sites.  </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Adjusted EBITDA</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#58; Adjusted EBITDA normalized for non-cash or non-recurring items such as unrealized losses on marketable securities, share based payments, restructuring costs, impairment reversal, and abnormal maintenance costs at Los Gatos and San Dimas for the quarter were $257.1 million, representing a 105% increase compared to $125.3 million in the second quarter of 2025.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Net Earnings&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net earnings attributable to shareholders of the Company for the quarter were $109.4 million (EPS of $0.22), representing a 108% increase compared to net earnings of $52.5 million (EPS of $0.11) in the second quarter of 2025. The increase in net earnings was primarily attributed to higher realized prices also impacted by a one-time current tax expense of $10.1 million relating to a historic tax dispute with the Mexican tax authority for First Majestic Plata, S.A. de C.V. (&#8220;FMP&#8221;) with respect to a forward silver purchase agreement, which has now been settled (Refer to Note 27 of the Financial Statements).</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Adjusted Net Earnings</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Adjusted net earnings normalized for non-cash or non-recurring items such as unrealized losses on marketable securities, share based payments, tax settlements, restructuring costs, impairment reversal, abnormal maintenance costs at Los Gatos and San Dimas, and deferred income tax was $101.6 million (adjusted EPS of $0.21), a 454% increase, compared to adjusted net earnings of $18.4 million (adjusted EPS of $0.04) in the second quarter of 2025.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Capital Expenditures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#58; Capital expenditures attributable to the Company in the second quarter were $60.1 million ($65.1 million on a 100% basis), representing a 7% increase compared to $56.0 million in total capital expenditures in the second quarter of 2025. Attributable capital expenditures consisted of $23.9 million in underground development (2025 - $15.2 million), $13.2 million in exploration (2025 - $17.8 million), and $18.7 million in property, plant and equipment (&#34;PP&#38;E&#34;) (2025 - $16.9 million). On a 100% basis, these amounts totaled $26.3 million in underground development, $14.5 million in exploration, and $20.0 million in PP&#38;E. Attributable capital expenditures to the end of second quarter of 2026 represent 32% of the 2026 capital expenditures guidance midpoint.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Share Repurchase&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company repurchased 1,200,000 common shares under its 2025 Share Repurchase Program at an average price of CAD$26.18 (June 30, 2025 - nil common shares repurchased).</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Second Quarter Operational Highlights</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Aptos',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:12.37pt">Quarterly Silver Production (+3% Y&#47;Y)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company produced 3.8 million silver ounces during the quarter, representing a 3% increase compared to 3.7 million silver ounces produced in the second quarter of 2025. The increase was primarily driven by strong performances at La Encantada and Santa Elena.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Gold Production (+2% Y&#47;Y)&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company produced 34,660 gold ounces during the quarter, representing a 2% increase compared to 33,864 gold ounces produced in the second quarter of 2025. The increase in gold production was primarily driven by strong production at Santa Elena.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Inventory&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company held 1,007,450 ounces of silver and 4,730 ounces of gold in finished goods inventory as at June&#160;30, 2026, inclusive of coins and bullion. The fair market value of this inventory as at June&#160;30, 2026 was $59.0 million for silver and $19.0 million for gold, which was not included in revenue during the quarter. </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:12.53pt">Developments at Santa Elena&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> In June, the Company announced infill drilling results at the Santo Ni&#241;o and Navidad targets that returned multiple silver and gold intercepts, including high-grade results from resource-conversion drilling. Additionally, the Company secured construction permits for the Santo Ni&#241;o and Navidad portals and announced an additional $12 million in investments planned in 2026 to advance underground access and position the Santo Ni&#241;o portal for near-term mining (see news release dated </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">June 25, 2026</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">).</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:12.53pt">Sale of the Del Toro Silver Mine&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June, pursuant to the share purchase agreement dated December 17, 2025 between Sierra Madre and First Majestic, Sierra Madre completed its previously announced acquisition of First </font></div><div style="border-bottom:1pt solid #000000;margin-bottom:5pt;margin-top:10pt;opacity:1;width:150pt"></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">This measure does not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate this measure may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Majestic&#8217;s 100%-owned past producing Del Toro Silver Mine located in the Municipality of Chalchihuites, Zacatecas, Mexico for total expected consideration of up to $60 million comprised of cash and Sierra Madre shares with upfront consideration of $30 million, which has been received, and an additional $30 million in delayed and contingent consideration (Refer to Note 15 of the Financial Statements).</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:12.03pt">Sustainability Efforts&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Company published its fifth Sustainability Report during the second quarter, disclosing its lowest carbon intensity on record, while achieving record production, in 2025 (see news release dated </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">April 29, 2026</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">).</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:12.53pt">Safety Performance</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#58; The consolidated Total Reportable Incident Frequency Rate was 0.63, slightly above the Company&#8217;s 2026 target KPI of 0.60. The Lost Time Incident Frequency Rate was 0.08 compared to our KPI of 0.12 maintaining First Majestic as a leader amongst its peer group.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Aptos',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:12.37pt">Cash Operating Costs</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#58; Cash costs per attributable payable AgEq ounce for the quarter were $18.06, compared to $15.08 per ounce in the second quarter of 2025. The increase in cash costs per AgEq ounce was primarily due to an 11% decrease in AgEq ounces produced compared to the second quarter of 2025. The reduction in reported AgEq ounces resulted from the outperformance of silver compared to other metals compared to Q2 2025, which lowered the AgEq conversion ratio for by-product metals. As this AgEq conversion ratio was 75&#58;1 in Q2 2026, compared to 98&#58;1 in Q2 2025, this reduced the number of reported AgEq ounces, making cash costs per AgEq ounce higher despite strong performance. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, attributable payable AgEq ounces in Q2 2026 would have increased by 975,166 ounces, resulting in a 13% decrease to cash costs per attributable AgEq ounce, compared to current costs. AgEq ounces were also negatively impacted by temporary operational disruptions at Los Gatos following a rockfall event on the main ramp and labour disruptions at San Dimas, which are now resolved, which elevated cash costs per attributable AgEq ounce.</font></div><div><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash costs were further impacted by the strengthening of the Mexican peso, which averaged 11% stronger relative to the US dollar, compared to the second quarter of 2025. Increases in contractor, haulage, maintenance, and reagent costs, driven by higher mining activity and operational initiatives across the Company's operations, also contributed to higher cash costs. Finally, rising metal prices contributed to higher royalty payments and production taxes. The cash costs of $19.15 per AgEq ounce on a year-to-date basis were below the low end of the Company&#8217;s revised consolidated guidance of $19.27 per AgEq ounce.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">AISC&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> AISC per attributable payable AgEq ounce in the second quarter was $25.68, compared to $21.02 per ounce in the second quarter of 2025. This increase was primarily driven by an increase in cash cost, as previously discussed. The increase in AISC was also driven by higher worker participation costs due to rising metal prices, increased mine development rate yielding higher sustaining development costs, along with higher PP&#38;E costs. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, AISC per attributable AgEq ounce in Q2 2026 would have decreased by 13%. The AISC of $27.67 per AgEq ounce on a year-to-date basis was below the low end of the Company&#8217;s revised consolidated guidance of $27.69 per AgEq ounce.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">AISC Margin&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> During the second quarter of 2026, First Majestic generated an AISC margin, calculated as the difference between its realized price and AISC, of $40.27 per AgEq ounce, compared to $13.60 per AgEq ounce during the second quarter of 2025. This improvement reflects the benefits of higher prices and Company's continued focus on operational efficiency.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_16"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:36.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:61.400%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">ACQUISITION OF GATOS SILVER INC.</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 16, 2025, the Company completed its acquisition of Gatos pursuant to a merger agreement that was entered into between the parties on September 4, 2024 (the &#34;Merger Agreement&#34;), and as a result of such acquisition, Gatos became a wholly-owned subsidiary of the Company. The Company issued an aggregate of 177,433,006 common shares of the Company to acquire all of the issued and outstanding shares of common stock of Gatos (in addition to a nominal amount of cash in lieu of fractional First Majestic common shares), resulting in former Gatos shareholders holding approximately 38% of the issued and outstanding common shares of the Company post-closing on a fully diluted basis at the closing of the transaction. In addition, the Merger Agreement provided for the issuance by First Majestic of options to purchase an aggregate of 8,242,244 First Majestic options in exchange for all existing Gatos options at exercise prices adjusted by the exchange ratio of 2.55. All existing RSUs and DSUs of Gatos were settled for an aggregate of 2,207,762 First Majestic common shares.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gatos holds a 70% interest in the Los Gatos Joint Venture, which owns the producing Los Gatos underground silver mine in Chihuahua, Mexico. The Los Gatos mine consists of approximately 103,000 hectares of mineral rights, representing a highly prospective and under-explored district with numerous silver-zinc-lead epithermal mineralized zones identified as priority targets. The acquisition was completed in order to support the Company's growth strategy by adding another cornerstone asset within a world-class mining jurisdiction to the Company's portfolio.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management has concluded that Gatos constitutes a business and, therefore, the acquisition is accounted for in accordance with IFRS 3 - Business Combinations. Given the delivery of the consideration and the fulfillment of the covenants as per the Merger Agreement, the transaction was deemed to be completed with First Majestic identified as the acquirer. Based on the opening market price of the Company&#8217;s common shares on January 16, 2025 (the &#8220;Acquisition Date&#8221;), the total consideration for the Gatos acquisition was $1.05 billion. The Company began consolidating the operating results, cash flows and net assets of Gatos from January 16, 2025 onwards.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The determination of the fair value of assets acquired and liabilities assumed is based on a detailed valuation of Gatos' net assets, utilizing income, market, and cost valuation methods conducted with the assistance of an independent third party. The determination of the fair value of assets acquired and liabilities assumed was previously reported based on preliminary estimates at the Acquisition Date. During the second quarter of 2025, the Company finalized the full and detailed valuation of the fair value of the net assets of Gatos acquired using income, market, and cost valuation methods with the assistance of an independent third party.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Consideration and Purchase Price Allocation</font></div><div style="margin-bottom:1pt;text-align:justify"><font><br></font></div><div style="margin-bottom:1pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total consideration for the acquisition was valued at $1.05 billion on the Acquisition Date. The following table summarizes the consideration paid as part of the purchase price&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:85.358%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.847%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total Consideration</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">177,433,006 Consideration Shares issued to Los Gatos shareholders with an accounting fair value of $5.68 per share</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$1,007,819&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,207,762 DSUs and RSUs of Los Gatos converted to First Majestic common shares with an accounting fair value of $5.68 per share</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,540&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,242,244 Options of Los Gatos converted to First Majestic Options with an accounting fair value of $3.51 per option</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(3)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">26,023&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Other consideration</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,841&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total consideration</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,054,223</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:9.11pt">Fair value of Consideration Shares was estimated at $5.68 per share based on the opening price of First Majestic&#8217;s common shares on the New York Stock Exchange on January 16, 2025. </font></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:9.11pt">Other consideration is made up of cash payments for withholding taxes and payments made for fractional shares.</font></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:9.11pt">The fair value of Options was estimated using the Black-Scholes method as at the Acquisition Date, using the following assumptions&#58;</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:84.167%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.841%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.592%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Risk-free interest rate (%)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2.94% - 3.05%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected life (years)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3.99</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected Volatility (%)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">58</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Expected dividend yield (%)</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">0.28</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the purchase price allocated to the identifiable assets and liabilities of Gatos based on their estimated fair values on the Acquisition Date&#58;</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:82.977%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.228%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Allocation of Purchase Price</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and cash equivalents</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$167,401&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Inventories</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,107&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade and other receivables</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,644&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">VAT receivables</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,026&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Prepaid expenses and other</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,505&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mining interest</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,658,689&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Property, plant and equipment</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">185,261&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Right-of-use assets</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">281&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trade and other payables</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(65,037)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Income taxes payable</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(12,717)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Lease obligations</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(415)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Decommissioning liabilities</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,112)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(511,314)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net assets acquired</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$1,461,319</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Non-controlling interests</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">(407,096)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Net assets attributable to the Company</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">$1,054,223</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)  Trade and other receivables are expected to be fully recoverable.</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Cash acquired by the Company on the Acquisition Date was $159.6 million net of withholding taxes on RSU settlements amounting to $7.8 million.</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company used discounted cash flow models to determine the fair value of the depletable mining interest. The expected future cash flows are based on estimates of future silver, gold, lead, zinc and copper prices, estimated quantities of mineral reserves and mineral resources, expected future production costs and capital expenditures based on the life of mine plans at the Acquisition Date. The discounted future cash flow models used a 6.00% discount rate based on the Company&#8217;s assessment of country risk, project risk and other potential risks specific to the acquired mining interest. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The significant assumptions used in the determination of the fair value of the mining interests were as follows&#58;</font></div><div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.763%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.442%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average prices&#58;</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$28.50</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2,200</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Zinc</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1.25</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lead</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$1.10</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$4.50</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.0%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average grades over life of mine&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">150 g&#47;t</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.21 g&#47;t</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Zinc</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.84%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lead</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.01%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.20%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Average recovery rate&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88.20%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">54.20%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Zinc</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63.10%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lead</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88.10%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Copper</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74.00%</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Discount rate</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6.00%</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mine life (years)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 7pt 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10</font></td></tr></table></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company used a market approach to determine the fair value of exploration potential by comparing the costs of other precedent market transactions on a dollar per hectare basis. Those amounts were used to determine the range of area-based resources multiples implied within the value of transactions by other market participants. Additionally, the Company completed a secondary valuation by comparing the costs of other precedent transactions within the industry on a dollar per in situ ounce basis and selected a multiple within this range for additional ounces identified outside of the life-of-mine.  Management made a significant assumption in the determination of the fair value of exploration potential by using an implied multiple of $5,208 per hectare or $3.16 per silver equivalent ounce for a total of $536.4 million. The Company accounted for exploration potential through inclusion within non-depletable mineral interest.</font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_19"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.465%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.335%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">2026 PRODUCTION OUTLOOK AND COST GUIDANCE UPDATE</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">This section provides management&#8217;s updated production outlook and cost guidance for 2026. These are forward-looking estimates and are subject to the cautionary note at the end of this MD&#38;A regarding the risks associated with relying on forward-looking statements. Actual results may vary based on production throughputs, grades, recoveries and changes in economic circumstances. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is updating its full year 2026 guidance, primarily to reflect the following changes&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;padding-left:10.42pt">Santa Elena&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Increased gold production forecast from 72,000 to 76,000 ounces, an increase of 10% (mid-point) compared to the original guidance, primarily due to higher gold grades and slightly increased gold recoveries. Silver production is expected to be 1.4 - 1.5 million ounces, toward the high-end of the original guidance. </font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;padding-left:10.42pt">Los Gatos&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> Increased the attributable production forecast to 5.1 - 5.5 million Ag ounces, a 5% improvement (mid-point). The Company is on track with its objective of achieving and sustaining a throughput level of 4,000 tonnes per operating days (&#34;tpod&#34;) in the second half of 2026.</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;padding-left:10.42pt">San Dimas&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> Increased production forecast to 4.6 - 4.9 million Ag ounces, an increase of 13% (mid-point) compared to the original guidance, primarily due to higher throughput rates.</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">4.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;padding-left:10.42pt">La Encantada&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> Increased production forecast to 3.4 - 3.6 million Ag ounces, an increase of 19% (mid-point) compared to the original guidance, primarily due to higher throughput and slightly higher silver recoveries.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">5.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;padding-left:10.42pt">Capital Expenditures&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> Management has increased the 2026 capital budget to a range of $318 million to $344 million to support key growth initiatives, including the Jerritt Canyon restart program ($75 million), development projects at Santa Elena including Navidad and the early advancement of underground access to Santo Ni&#241;o for near-term mining ($12 million), further development across San Dimas, Los Gatos and La Encantada, and the acquisition of additional equipment to enhance and sustain higher throughput rates at Los Gatos.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">With strong production results in H1 2026, and the Company's successful progress on throughput expansions across all mine sites as well as continued operating efficiencies, the 2026 attributable consolidated production guidance has increased to 14.6 &#8211; 15.5 million Ag ounces, representing a 10% increase compared to the original guidance of 13.0 &#8211; 14.4 million Ag ounces, as well as a 7% increase to 128,000 &#8211; 135,000 Au ounces compared to the original guidance of 116,000 to 129,000 Au ounces.</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">A mine-by-mine breakdown of the Company's updated 2026 production and cost guidance is set out in the table below. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:115%">2026 Updated Full Year Mine-by-Mine Guidance&#58;</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:21.221%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.084%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.489%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.036%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.380%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Operation&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Silver Oz<br>(M)</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Gold Oz<br>(k)</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Lead Lbs<br>(M)</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Zinc Lbs<br>(M)</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Copper Lbs <br>(M)</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Cash Cost</font></div><div style="text-align:center"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">($ per AgEq Oz)</font><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:700;line-height:112%;position:relative;top:-3.32pt;vertical-align:baseline">2</font></div></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">AISC</font></div><div style="text-align:center"><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">($ per AgEq Oz)</font><font style="color:#002060;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:700;line-height:112%;position:relative;top:-3.32pt;vertical-align:baseline">2</font></div></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">Los Gatos (70%), Mexico</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">5.1 &#8211; 5.5</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">3 &#8211; 4</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">32 &#8211; 34</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">53 &#8211; 56</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">1.0 &#8211; 1.1</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">16.56 &#8211; 17.10</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">20.35 &#8211; 21.11</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">Santa Elena, Mexico</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">1.4 &#8211; 1.5</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">72 &#8211; 76</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">19.86 &#8211; 20.32</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">25.09 &#8211; 25.83</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">San Dimas, Mexico</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">4.6 &#8211; 4.9</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">52 &#8211; 56</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">18.79 &#8211; 19.42</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">25.38 &#8211; 26.42</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">La Encantada, Mexico</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">3.4 &#8211; 3.6</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">24.50 &#8211; 25.21</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">31.18 &#8211; 32.36</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Operations Total</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">14.6 &#8211; 15.5</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">128 &#8211; 135</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">32 &#8211; 34</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">53 &#8211; 56</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">1.0 &#8211; 1.1</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">$19.27 &#8211; $19.85</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">$25.00 &#8211; $25.91</font></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Corporate&#58;</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">Corp. G&#38;A and Services</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">2.69 &#8211; 2.86</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Total&#58;</font></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">Total Consolidated</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">14.6 &#8211; 15.5</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">128 &#8211; 135</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">32 &#8211; 34</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">53 &#8211; 56</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">1.0 &#8211; 1.1</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">$19.27 &#8211; $19.85</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:112%">$27.69 &#8211; $28.77</font></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:2.94pt">Certain amounts shown in the above table may not add exactly to the total amount due to rounding differences.</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:2.94pt">These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. The Company calculates cash costs and consolidated AISC in the manner set out in the table below.</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">These measures have been calculated on a basis consistent with historical periods. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">For 2026, the Company is reporting cash costs and all-in sustaining costs (&#8220;AISC&#8221;) guidance on a cost per unit basis, using a fixed gold-to-silver ratio of 75&#58;1 with the following metal price assumptions&#58; silver - $52.00&#47;oz&#59; gold -  $3,900&#47;oz&#59; lead - $0.90&#47;lb&#59; zinc - $1.35&#47;lb&#59; copper - $4.80&#47;lb. The foreign currency assumption is MXN&#58;USD 18.25&#58;1. These assumptions remain unchanged from the original guidance.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Annual cash costs are now expected to be within the tightened range of $19.27 to $19.85 per consolidated payable AgEq ounce, consistent with the Company&#8217;s previous guidance of $18.64 to $19.62 per consolidated payable AgEq ounce.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is projecting its 2026 consolidated AISC to be $27.69 to $28.77 on a per consolidated payable AgEq ounce basis, compared with the original guidance range of $26.15 to $27.91, a 4% increase at the mid-point, primarily as a result of higher costs linked to higher than forecasted silver prices and a stronger Mexican Peso in the first half of 2026 (17.50&#58;1 actual vs 18.25&#58;1 assumption). Although strong silver production and higher silver prices improve overall economics, some variable costs increase with higher silver prices. The Company remains focused on maximizing margins and operating efficiently.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Excluding non-cash items (share-based payments, and accretion and reclamation costs), the Company anticipates its 2026 AISC to be within the range of $26.86 to $27.88 per consolidated payable AgEq ounce. An itemized cost table for the AISC calculation is provided below&#58;</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:69.584%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.216%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">All-In Sustaining Cost Calculation</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">FY 2026<br>($ per AgEq oz)</font></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#c0cafb;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total Cash Costs per Payable Silver Equivalent Ounce</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">19.27 &#8211; 19.85</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and Administrative Costs</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">2.04 &#8211; 2.16</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sustaining Development Costs</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">1.01 &#8211; 1.04</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Sustaining Property, Plant and Equipment Costs</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">1.59 &#8211; 1.69</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Profit Sharing</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">2.16 &#8211; 2.29</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lease Payments</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">0.79 &#8211; 0.85</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Share-based Payments (non-cash)</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">0.65 &#8211; 0.70</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accretion and Reclamation Costs (non-cash)</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">0.18 &#8211; 0.19</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">All-In Sustaining Costs (AgEq Oz)</font></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">$27.69 &#8211; $28.77</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">All-In Sustaining Costs&#58; (AgEq Oz excluding non-cash items)</font></td><td colspan="3" style="background-color:#c0cafb;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$26.86 &#8211; $27.88</font></td></tr></table></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:2.94pt">Certain amounts shown may not add exactly to the total amount due to rounding differences.</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:2.94pt">Consolidated AISC includes general and administrative cost estimates and non-cash costs of $2.69 to $2.86 per AgEq ounce.</font></div><div style="margin-bottom:3pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:2.94pt">Cash costs per payable silver equivalent ounce and AISC per payable silver equivalent ounce are non-GAAP measures and do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate cash costs per payable silver ounce and AISC may differ from methods used by other companies with similar descriptions.  See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">CAPITAL EXPENDITURES IN 2026</font></div><div style="padding-left:18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company now plans to spend between $318 million to $344 million in capital expenditures consisting of $62 million to $70 million for sustaining activities and $256 million to $274 million for expansionary projects. This represents a 47% increase compared to the original 2026 capital expenditure guidance of $213 million to $236 million primarily driven by the Jerritt Canyon restart program ($75 million), the accelerated development and portal construction projects at Santa Elena including Navidad and Santo Ni&#241;o with the recently received permits ($12 million), further development across San Dimas, Los Gatos and La Encantada, and the acquisition of additional equipment to enhance and sustain higher throughput rates at Los Gatos.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other ongoing key investment initiatives previously announced include the Santa Elena plant expansion from 3,200 tonnes per day (&#34;tpd&#34;) to 3,500 tpd (on track), the mine throughput increase at Los Gatos from 3,500 tpod to 4,000 tpod (on track), and the acquisition of the remaining haulage fleet at La Encantada to support higher mining and throughput rates (100% complete). These investments are fully aligned with the Company&#8217;s long-term growth strategy.</font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.949%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Area</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sustaining ($M)</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Expansionary ($M)</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total ($M)</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Underground Development</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">24 &#8211; 27</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">73 &#8211; 80</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">97 &#8211; 107</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Exploration</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">41 &#8211; 45</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">41 &#8211; 45</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Property, Plant and Equipment</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">34 &#8211; 38</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">43 &#8211; 48</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">77 &#8211; 86</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">JCG Restart</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8212;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">$75</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">$75</font></td></tr><tr><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Corporate Projects</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">4 &#8211; 5</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">24 &#8211; 26</font></td><td colspan="3" style="background-color:#c0cafb;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">28 &#8211; 31</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Total</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">$62 &#8211; $70</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">$256 &#8211; $274</font></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">$318 &#8211; $344</font></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s updated 2026 guidance includes total capital investments of $97 million to $107 million for underground development&#59; $41 million to $45 million in exploration&#59; $77 million to $86 million towards property, plant and equipment&#59; approximately $75 million for the Jerritt Canyon Gold Mine restart plan&#59; and $28 million to $31 million towards corporate projects. The guidance above also includes the previously announced $12 million additional investment for the advancement of Santo Ni&#241;o and Navidad at the Santa Elena property.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the updated 2026 guidance, the Company is planning to complete a total of approximately 55,000 m of underground development in 2026, representing a 10% increase to what was set out in the original guidance. In addition, the Company is now planning to complete a total of approximately 308,000 m of exploration drilling in 2026, representing a 16% increase compared to original guidance, largely as a result of the exploration program at Jerritt Canyon.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the first half of 2026, the Company completed 24,448 m of underground development drilling and 160,120 m of exploration drilling, including 12,815 m at Jerritt Canyon, where drilling commenced in Q2.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management may revise the Company&#8217;s guidance during the year to reflect actual and anticipated changes in metal prices or to the business. There can be no assurance that cost estimates related to the Company&#8217;s 2026 guidance will prove to be accurate. For further details regarding relevant risks, including those related to the allocation of capital by the Company, see the section entitled &#34;Risk Factors&#8221; in the Company&#8217;s most recently filed Annual Information Form for the year ended December 31, 2025.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_22"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:36.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:61.400%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">OVERVIEW OF OPERATING RESULTS</font></td></tr></table><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Selected Production Results for the Past Eight Quarters&#58;</font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:30.298%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.237%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">PRODUCTION HIGHLIGHTS</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q2</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q4</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q3</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q2</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(3)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q4</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q3</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Ore processed&#47;tonnes milled</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Los Gatos (70%)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">210,607&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">227,379&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">226,900&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">213,262&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">233,480&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">193,825&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Santa Elena</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">305,369&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">284,236&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">283,721&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">277,858&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">269,830&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">270,203&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">271,783&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">259,919&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">San Dimas</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">203,486&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">235,519&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">243,807&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">234,156&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">219,198&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">231,190&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">219,388&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">195,279&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">La Encantada</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">320,852&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">312,199&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">303,848&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">271,726&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">281,296&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">249,155&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 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colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" 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style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Consolidated</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 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1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">1,003,804</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">944,373</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">745,124</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">678,397</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Silver ounces produced</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Los Gatos (70%)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,279,553&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,183,089&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,491,235&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,408,467&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,524,949&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,444,719&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Santa Elena</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">422,571&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">355,827&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">358,185&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">412,669&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">306,224&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">339,784&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">406,009&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">376,203&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">San Dimas</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,062,203&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,177,686&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,315,711&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,467,344&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,242,717&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,359,378&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,191,893&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,046,340&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">La Encantada</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,035,497&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">829,081&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,000,203&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">575,193&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">628,105&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">560,622&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">755,963&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">545,031&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Consolidated</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">3,799,823</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">3,545,683</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">4,165,334</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">3,863,673</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">3,701,995</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">3,704,503</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2,353,865</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">1,967,574</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Gold ounces produced</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Los Gatos (70%)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">772&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">656&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">894&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">727&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">706&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">794&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Santa Elena</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,468&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,117&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25,083&#160;</font></td><td style="border-top:1pt 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21,408&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">27,216&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">27,435&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">San Dimas</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,385&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12,541&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15,066&#160;</font></td><td style="border-top:1pt 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0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">La Encantada</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">35&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">27&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">32&#160;</font></td><td style="border-top:1pt solid 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,684&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Consolidated</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">34,660</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">34,341</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid 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1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">33,864</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">36,469</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">39,506</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">41,701</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Cash cost per Ounce</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Los Gatos (per AgEq Ounce)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15.35&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20.34&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">16.12&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12.51&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12.44&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10.82&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Santa Elena (per AgEq Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17.83&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18.27&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15.97&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15.00&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13.57&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">12.92&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">10.99&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">11.96&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">San Dimas (per AgEq Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18.79&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19.92&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">16.25&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14.29&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15.66&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13.82&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15.14&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">16.50&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">La Encantada (per AgEq Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21.54&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25.80&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19.72&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">24.06&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">27.19&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26.03&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20.01&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25.24&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Jerritt Canyon (per Au Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,491&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Consolidated (per AgEq Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">18.06</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">20.28</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">16.66</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">14.83</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">15.08</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">13.68</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">13.82</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">15.17</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">AISC</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:700;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Los Gatos (per AgEq Ounce)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">16.82&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25.04&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18.81&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15.36&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13.70&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13.07&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Santa Elena (per AgEq Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">27.36&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21.65&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19.44&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18.32&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">18.58&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">15.46&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">13.54&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">14.38&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">San Dimas (per AgEq Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">22.57&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">28.36&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21.62&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">19.36&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20.10&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">17.57&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">20.63&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">21.44&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">La Encantada (per AgEq Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">26.25&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">33.40&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25.95&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">29.72&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">31.94&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">31.68&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">25.34&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">30.10&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Jerritt Canyon (per Au Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">1,491&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Consolidated (per AgEq Ounce)</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">25.68</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">29.76</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">23.48</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">20.90</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">21.02</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">19.24</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">20.34</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">21.03</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Production cost per tonne</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Los Gatos</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.52pt;font-weight:400;line-height:100%;position:relative;top:-2.97pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">106.05&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">107.85&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">103.74&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">96.29&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">91.65&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">84.46&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Santa Elena</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">101.95&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">101.17&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">102.65&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">114.79&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">107.02&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">94.28&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">91.11&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">107.80&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">San Dimas</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">180.74&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">170.00&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">153.97&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">154.35&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">173.88&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">156.10&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">149.49&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">168.45&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">La Encantada</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">66.20&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">64.86&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">62.11&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">50.26&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">58.53&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">57.56&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">56.88&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">60.86&#160;</font></td><td style="border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Consolidated</font></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">107.16</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">107.22</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">103.07</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">102.53</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">104.45</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">97.71</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">96.63</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">$</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">109.81</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures. </font></div><div style="margin-bottom:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2) All production and non-GAAP results shown in the table above are reported on an attributable basis to account for the 70% ownership of Los Gatos.</font></div><div style="margin-bottom:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(3) Los Gatos production during Q1 2025 was from January 16, 2025 to March 31, 2025 or 74 days.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_25"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:1pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Operating Results &#8211; Consolidated Operations</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.685%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:9.167%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.084%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.167%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.387%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CONSOLIDATED</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>Q2 vs Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change<br>'26 vs '25</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ore processed&#47;tonnes milled</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,040,314</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,059,333</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,003,804</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,099,647</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,948,177</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Production</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver ounces produced</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,799,823</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,545,683</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,701,995</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,345,506</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,406,498</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold ounces produced </font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,660</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34,341</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33,864</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,333</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pounds of lead produced</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,023,177</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,700,148</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,014,545</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,723,325</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,501,610&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pounds of zinc produced</font></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,484,603</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,407,856</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,063,947</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,892,459</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,556,816&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pounds of copper produced</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,938</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">262,913</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">205,288</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">515,851</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">443,148</font></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cost</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash cost per AgEq Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$18.06</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20.28</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$15.08</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$19.15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$14.39</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AISC</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$25.68</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$29.76</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$21.02</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$27.67</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20.14</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">37</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total production cost per tonne</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.16</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.22</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$104.45</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.19</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$101.19</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Underground development (m)</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,242</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,610</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,403</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,852</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,066</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exploration drilling (m)</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94,142</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65,978</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66,360</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160,120</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">127,579</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr></table></div><div style="margin-bottom:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Production</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter, the Company produced 3.8 million ounces of silver and 34,660 ounces of gold, compared to 3.7 million ounces of silver and 33,864 ounces of gold in the second quarter of 2025. Additionally, attributable production reached 9.0 million pounds of lead, 16.5 million pounds of zinc and 252,938 pounds of copper during the quarter. Silver production at La Encantada increased by 65% compared to the second quarter of 2025, primarily due to improved ore flow and mine development rates, and process optimization resulting from management initiatives. Santa Elena's silver production increased by 38% compared to the second quarter of 2025, primarily due to a 13% increase in ore processed, and higher silver recoveries related to slightly higher silver grades achieved through optimized ore blends processed during the quarter. This was partially offset by lower production at the other sites, primarily due to temporary operational disruptions at Los Gatos and now resolved labour disruptions at San Dimas, as well as lower head grades milled resulting from a reduced cut-off grade in response to the stronger metal price environment compared to the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total ore processed during the quarter amounted to 1,040,314 tonnes, representing a 4% increase compared to 1,003,804 tonnes in the second quarter of 2025. Both La Encantada and Santa Elena achieved record quarterly ore throughput, processing 320,852 tonnes and 305,369 tonnes, representing increases of 14% and 13% compared to the second quarter of 2025. The increased throughput at La Encantada was primarily driven by increased mine development and mining rates in the Oujelas orebody area, together with increased haulage capacity resulting from the ongoing haulage internalization initiative, compared to the second quarter of 2025. The increased throughput at Santa Elena was primarily driven by record milling rates achieved during the quarter, supported by strong ore production from the Ermita&#241;o mine and increased ore availability. Following the restart of mining activities at the Santa Elena underground mine on May 15, 2026, the operation is expected to benefit from additional ore availability as mining activities ramp up, supporting future processing rates and operational flexibility as the Company advances its 3,500 tonnes per day (&#34;tpd&#34;) expansion project.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">16</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Cash Costs and All-In Sustaining Cost per AgEq Ounce</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Cash costs per attributable payable AgEq ounce for the quarter were $18.06, compared to $15.08 per ounce in the second quarter of 2025. The increase in cash costs per AgEq ounce was primarily due to an 11% decrease in AgEq ounces produced compared to the second quarter of 2025. The reduction in reported AgEq ounces resulted from the outperformance of silver compared to other metals compared to Q2 2025, which lowered the AgEq conversion ratio for by-product metals. As this AgEq conversion ratio was 75&#58;1 in Q2 2026, compared to 98&#58;1 in Q2 2025, this reduced the number of reported AgEq ounces, making reported cash costs per AgEq ounce higher despite strong underlying performance. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, attributable payable AgEq ounces in Q2 2026 increases AgEq ounces by 975,166 ounces, resulting in a 13% decrease to cash costs per attributable AgEq ounce, compared to current costs. AgEq ounces were also negatively impacted by temporary operational disruptions at Los Gatos following a rockfall event on the main ramp and labour disruptions at San Dimas, which are now resolved, which elevated cash costs per attributable AgEq ounce.              </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Cash costs were further impacted by the strengthening of the Mexican peso, which averaged 11% stronger relative to the US dollar, compared to the second quarter of 2025. Increases in contractor, haulage, maintenance, and reagent costs, driven by higher mining activity and operational initiatives across the Company's operations, also contributed to higher cash costs. Finally, rising metal prices contributed to higher royalty payments and production taxes. The cash costs of $19.15 per AgEq ounce on a year-to-date basis were below the low end of the Company&#8217;s revised consolidated guidance of $19.27 per AgEq ounce.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AISC per attributable payable AgEq ounce in the second quarter was $25.68, compared to $21.02 per ounce in the second quarter of 2025. This increase was primarily driven by an increase in cash cost, as previously discussed. The increase in AISC was also driven by higher worker participation costs due to rising metal prices, increased mine development rate yielding higher sustaining development costs, along with higher PP&#38;E costs. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, AISC per attributable AgEq ounce in Q2 2026 would have decreased by 13%. The AISC of $27.67 per AgEq ounce on a year-to-date basis was below the low end of the Company&#8217;s revised consolidated guidance of $27.69 per AgEq ounce.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter of 2026, First Majestic generated an AISC margin, calculated as the difference between its realized price and AISC, of $40.27 per AgEq ounce, compared to $13.60 per AgEq ounce during the second quarter of 2025. This improvement was primarily driven by higher realized prices and a focus on operational efficiency.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management continues to execute on a series of cost reduction initiatives across the organization aimed at improving operating and capital efficiencies. Current initiatives include&#58; </font></div><div><font><br></font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Continuing to negotiate workforce labour productivity and efficiency at all operations&#59;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Optimizing long hole stoping methods to reduce mining cost per tonne&#59;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Managing over-break and under-break to reduce ore dilution impacts and optimize ore extraction at San Dimas, Los Gatos and Santa Elena&#59;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Renegotiating consumable contracts and reducing the use of external consultants&#59;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Optimizing the use of reagent and grinding media consumption&#59;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:13.02pt">Screening old surface waste dumps at La Encantada to obtain incremental low-cost mill feed&#59;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:97%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:97%;padding-left:14.15pt">Increasing mill throughput across all operations while optimizing operating parameters&#59;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Optimizing mine sequencing with the goal of improving ore extraction at San Dimas, Los Gatos, Santa Elena and La Encantada&#59;</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:13.02pt">Completing the rehabilitation of the leaching tanks and thickeners at the San Dimas plant&#59; and</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:109%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:109%;padding-left:14.15pt">Internalizing haulage at La Encantada to support increased mill throughput rates with lower unit haulage costs.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Development and Exploration</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">During the quarter, the Company completed 12,242 m of underground development and 94,142 m of exploration drilling, representing increases of 7% and 42%, respectively, compared to 11,403 m and 66,360 m in the second quarter of 2025. During the quarter, up to 35 drill rigs were active consisting of six rigs at Los Gatos, eight rigs at Santa Elena, 17 rigs at San Dimas, two rigs at La Encantada, and two rigs at Jerritt Canyon. The Company continues to increase investment in mine development and exploration activities to support increased ore extraction and plant throughput rates.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_28"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Los Gatos Silver Mine, Chihuahua, Mexico </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Los Gatos Silver Mine is located in the state of Chihuahua, Mexico, approximately 120 kilometres (&#8220;km&#8221;) south of Chihuahua City. The mine operates with a processing capacity of 4,000 tpd, utilizing a flotation circuit to produce high-grade zinc, lead, and copper concentrates. The Los Gatos Silver Mine is part of the larger Los Gatos District, which hosts multiple mineralized zones with significant exploration potential. The Company owns 70% of the Los Gatos Silver Mine through its 70% interest in the Los Gatos Joint Venture, which covers a land package of approximately 103,000 ha. </font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:22.411%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.655%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.655%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.209%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.382%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.019%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.429%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Los Gatos (disclosed 70% ownership interest)</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>Q2 vs Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-YTD</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-YTD</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>'26 vs '25</font></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total ore processed&#47;tonnes milled</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">210,607</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">227,379</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233,480</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">437,986</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">427,305</font></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average silver grade (g&#47;t)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">219</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">190</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">230</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">204</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">244</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average gold grade (g&#47;t)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.19</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.20</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.21</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.22</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average zinc grade (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average lead grade (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average copper grade (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.09</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.08</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.07</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.09</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.07</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">85</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lead Recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Zinc Recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Copper Recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">62</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Attributable Production</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver ounces produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,279,553</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,183,089</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,524,949</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,462,641</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,969,668</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold ounces produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">772</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">656</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">706</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,427</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,500</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5)</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Zinc pounds produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,484,603</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,407,856</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,063,947</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,892,459</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,556,816</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Lead pounds produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,023,177</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,700,148</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,014,545</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,723,325</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,501,610</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Copper pounds produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">252,938</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">262,913</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">205,288</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">515,851</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">443,148</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cost</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash cost per AgEq Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$15.35</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20.34</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$12.44</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$17.74</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$11.66</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">52&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AISC</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$16.82</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$25.04</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$13.70</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20.76</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$13.40</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total production cost per tonne</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$106.05</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.85</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$91.65</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$106.99</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$88.39</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Underground development (m)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,418</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,296</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,924</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,714</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,611</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">58&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exploration drilling (m)</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,143</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,598</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11,317</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,741</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,197</font></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13)</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr></table></div><div style="margin-top:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:1.22pt">These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="margin-bottom:7pt;margin-top:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2) Los Gatos production during Q1 2025 was from January 16, 2025 to March 31, 2025 or 74 days.</font></div><div style="margin-bottom:7pt;margin-top:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:7pt;margin-top:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:7pt;margin-top:1pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">18</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter, Los Gatos produced 1,279,553 ounces of silver, 16,484,603 pounds of zinc, 9,023,177 pounds of lead, 252,938 pounds of copper and 772 ounces of gold. Despite the strong performance in Q2, production at Los Gatos was slightly impacted by a rockfall on the main ramp at the beginning of April that disrupted mining operations temporarily and required rehabilitation, and unplanned equipment maintenance later that lowered tonnes processed in the quarter. This was offset by higher grades and strong recoveries. Notwithstanding these temporary disruptions, production through the end of the second quarter remained broadly in line with the Company's revised guidance, achieving 46% and 41% of the revised production guidance midpoint for silver and gold, respectively. The Company anticipates a stronger H2 at Los Gatos as the 4,000 tpd expansion projects nears completion.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The mill processed a total of 210,607 tonnes of ore, compared to 233,480 tonnes in the second quarter of 2025. Silver and gold grades averaged 219 g&#47;t and 0.23 g&#47;t compared to 230 g&#47;t and 0.22 g&#47;t for silver and gold, respectively, in the second quarter of 2025. Zinc, lead, and copper grades averaged 4.82%, 2.25%, and 0.09%, an improvement of 14%, 13% and 29%, respectively, compared to 4.24%, 2.00%, and 0.07%, respectively, in the second quarter of 2025. Lower throughput was a result of the disrupted mining operations in April. Average silver grades in the second quarter reflect a reduced cut-off grade compared to 2025 in response to a stronger metal price environment. Management continues to focus on achieving sustainably higher mill throughput at Los Gatos by increasing mining rates, with June averaging a record 4,078 tpod on a 100% basis, a key milestone on our path toward a sustained increase in ore throughput of 4,000 tpod on a 100% basis in the second half of 2026.</font></div><div style="margin-top:1pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Silver, lead, zinc and gold recoveries during the quarter averaged 86%, 86%, 74%, and 49%, respectively, compared to 88%, 88%, 74%, and 47%, respectively in the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash costs per AgEq ounce for the quarter were $15.35, compared to $12.44 per AgEq ounce in the second quarter of 2025, primarily driven by a 20% decrease in AgEq ounces produced compared to the second quarter of 2025. The reduction in reported AgEq ounces was driven by the previously discussed disruption in mining operations, along with the outperformance of silver compared to other metals compared to Q2 2025, which lowered the AgEq conversion ratio for by-product metals. As the AgEq conversion ratio was 75&#58;1 in Q2 2026, compared to 98&#58;1 in Q2 2025, this reduced the number of reported AgEq ounces, making cash costs per AgEq ounce appear higher despite strong performance and favourable underlying economics. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, attributable payable AgEq ounces in Q2 2026 would have increased by 208,744 ounces, resulting in an 11% decrease to cash costs per attributable AgEq ounce, compared to current costs. Additionally, the strengthening of the Mexican peso which averaged 11% stronger against the US dollar compared to the same period of the prior year contributed to higher cash costs. Cash costs for the quarter were below the low end of the Company&#8217;s revised guidance of $16.56 per AgEq ounce. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AISC per AgEq ounce for the quarter was $16.82, compared to $13.70 per AgEq ounce in the second quarter of 2025, primarily due to the increase in cash costs. AISC was further impacted by higher development costs and PP&#38;E costs, partially offset by lower worker participation costs. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, AISC per attributable AgEq ounce in Q2 2026 would have decreased by 11% compared to current costs. AISC for the quarter was below the low end of the Company&#8217;s revised guidance of $20.35 per AgEq ounce.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A total of 2,418 m of underground development was completed in the second quarter, representing a 26% increase compared to 1,924 m in the second quarter of 2025. During the quarter, six surface drill rigs completed 12,143 m of drilling on the property. Drilling continued at the Central and Northwest Deeps zones, as well as several greenfield targets. Total exploration costs in the second quarter were $2.1 million, representing a 10% decrease compared to $2.3 million in the second quarter of 2025.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_31"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Santa Elena Silver&#47;Gold Mine, Sonora, Mexico</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Santa Elena Silver&#47;Gold Mine is located approximately 150 km northeast of the city of Hermosillo, Sonora, Mexico. The operating plan for Santa Elena involves the processing of ore in a 3,200 tpd cyanidation circuit from underground reserves. Santa Elena consists of a central processing plant that can receive ore from separate underground mining operations, Santa Elena and Ermita&#241;o. The Company owns 100% of the Santa Elena mine including mining concessions totaling 102,244 ha.</font></div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.275%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.828%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.828%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.828%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.679%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:7.833%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>Q2 vs Q2</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-YTD</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>'26 vs '25</font></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total ore processed&#47;tonnes milled</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">305,369</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">284,236</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">269,830</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">589,606</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">540,033</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average silver grade (g&#47;t)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average gold grade (g&#47;t)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.30</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.43</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.54</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.36</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.56</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">95</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Production</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver ounces produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">422,571</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">355,827</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">306,224</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">38</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">778,398</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">646,008</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold ounces produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,468</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,117</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,637</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,585</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">42,045</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cost</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash cost per AgEq Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$17.83</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$18.27</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$13.57</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$18.04</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$13.25</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AISC</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$27.36</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$21.65</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$18.58</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">47</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$24.57</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$17.04</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total production cost per tonne</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$101.95</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$101.17</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$107.02</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$101.59</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$100.64</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Underground development (m)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,917</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,481</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,268</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,398</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,574</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(26</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exploration drilling (m)</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,345</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,429</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,751</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,774</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,560</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:13.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:3.47pt">These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Santa Elena produced 422,571 ounces of silver and 21,468 ounces of gold during the quarter, representing a 38% and 4% increase, respectively, compared to 306,224 ounces of silver and 20,637 ounces of gold in the second quarter of 2025. The increased silver production was primarily due to an increase in ore processed, and higher silver recoveries related to higher silver grades achieved through optimized ore blends processed during the quarter. Santa Elena achieved 54% and 58% of the revised production guidance midpoint for silver and gold, respectively, through to the end of the second quarter.</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The mill processed a new quarterly record of 305,369 tonnes of ore in the second quarter, representing a 13% increase compared to 269,830 tonnes in the second quarter of 2025, as the Company continues advancing the 3,500 tpd expansion project. Silver and gold head grades averaged 61 g&#47;t and 2.30 g&#47;t, respectively, representing an 11% increase and 9% decrease, respectively. Average gold grades in the second quarter reflect a reduced cut-off grade compared to 2025 in response to a stronger metal price environment. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Silver and gold recoveries during the quarter averaged 71% and 95%, respectively, compared to 64% and 94% in the second quarter of 2025. Higher recoveries were a result of the optimized blending process.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash costs per AgEq ounce in the second quarter were $17.83, compared to $13.57 per AgEq ounce in the second quarter of 2025, primarily due to a 12% decrease in AgEq ounces produced compared to the second quarter of 2025. Despite the 38% increase in silver production during the quarter, AgEq ounces were impacted by the outperformance of silver compared to other metals compared to Q2 2025, which lowered the AgEq conversion ratio for by-product metals. As the AgEq conversion ratio was 75&#58;1 in Q2 2026, compared to 98&#58;1 in Q2 2025, this reduced the number of reported AgEq ounces, making cash costs per AgEq ounce appear higher despite strong performance and favourable underlying economics. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, payable AgEq ounces in Q2 2026 would have </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">20</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">increased by 487,531 ounces, resulting in a 19% decrease to cash costs per AgEq ounce, compared to current costs. Higher unit costs resulted from the strengthening of the Mexican peso against the US dollar, which averaged 11% stronger relative to the US dollar, compared to the second quarter of 2025. Finally, the cash cost increase was also driven by higher royalty costs due to higher realized silver prices. Despite these factors, cash costs of $18.04 per AgEq ounce on a year-to-date basis were below the low end of the Company&#8217;s revised guidance of $19.86 per AgEq ounce. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AISC per AgEq ounce for the quarter was $27.36, compared to $18.58 per AgEq ounce in the second quarter of 2025. This was primarily attributable to the increase in cash costs, along with higher worker participation costs due to rising metal prices, along with a true-up of worker participation costs related to 2025, which was partially offset by lower development and PP&#38;E costs, compared to the second quarter of 2025. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, AISC per AgEq ounce in Q2 2026 would have decreased by 11% compared to current costs. Additionally, the AISC of $24.57 per AgEq ounce on a year-to-date basis was below the low end of the Company&#8217;s revised guidance of $25.09 per AgEq ounce.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Santa Elena mine is subject to a gold streaming agreement with Royal Gold, which requires the Company to sell to Royal Gold 20% of its gold production over the life-of-mine from its leach pad and certain underground operations. The selling price to Royal Gold is the lesser of the prevailing market price or $450 per ounce, subject to a 1% annual inflation adjustment. During the three months ended June 30, 2026, the Company delivered nil ounces (June&#160;30, 2025 - nil ounces) of gold to Royal Gold.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Orogen Royalties Inc., formerly Evrim Resource Corp., retains a 2% net smelter returns (&#34;NSR&#34;) royalty from the sale of mineral products extracted from the Ermita&#241;o mining concessions. In addition, there is an underlying NSR royalty where Osisko Gold Royalties Ltd. retains a 2% NSR from the sale of mineral products extracted from the Ermita&#241;o mining concessions. During the three months ended June 30, 2026, </font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the Company has </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">incurred $5.1 million (June&#160;30, 2025 - $3.1 million) in NSR royal</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ty payments in connection with production from Ermita&#241;o.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the quarter, eight drill rigs, consisting of five surface rigs and three underground rigs, completed 25,345 m of drilling on the property, representing an 11% increase compared to 22,751 m in the second quarter of 2025. Drilling focused on testing extensions of the newly discovered Santo Ni&#241;o and Navidad resources, and the conversion of Inferred Mineral Resources to Indicated Mineral Resources at Ermita&#241;o-Luna. Total exploration costs in the second quarter were $4.1 million, representing a 4% increase compared to $3.9 million in the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mining operations resumed at the Santa Elena mine on May 15, 2026, following a suspension of mining activities in the fourth quarter of &#160;&#160;&#160;&#160;2022. The restart is expected to provide an additional source of ore feed to supplement production from the Ermita&#241;o mine, while increasing operational flexibility and supporting overall gold grades as the Company advances development of the Santo Ni&#241;o, Navidad and Ermita&#241;o-Luna resources.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">21</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_34"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">San Dimas Silver&#47;Gold Mine, Durango, Mexico</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The San Dimas Silver&#47;Gold Mine is located approximately 130 km northwest of the city of Durango, Durango State, Mexico and consists of 71,868&#160;ha of mining claims located in the states of Durango and Sinaloa, Mexico. San Dimas is the largest producing underground mine in the state of Durango with over 250 years of operating history. The San Dimas operating plan involves processing ore from several underground mining areas with a 2,800 tpd capacity milling operation that produces silver&#47;gold dor&#233; bars. The mine is accessible via a 40-minute flight from the Durango International Airport to a private airstrip in the town of Tayoltita, or by improved roadway. The Company owns 100% of the San Dimas mine.</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.341%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:9.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.076%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.076%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.433%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>Q2 vs Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>'26 vs '25</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total ore processed&#47;tonnes milled</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">203,486</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">235,519</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">219,198</font></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">439,004</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">450,388</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average silver grade (g&#47;t)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">185</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">175</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">197</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">179</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">200</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average gold grade (g&#47;t)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.01</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.76</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.90</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.87</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.97</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">88</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">93</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">94</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Production</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver ounces produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,062,203</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,177,686</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,242,717</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,239,888</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,602,095</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold ounces produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,385</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,541</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,472</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,926</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,713</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cost</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash cost per AgEq Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$18.79</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$19.92</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$15.66</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$19.37</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$14.71</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AISC</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$22.57</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$28.36</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$20.10</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$25.56</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$18.79</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total production cost per tonne</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$180.74</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$170.00</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$173.88</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$174.98</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$164.75</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Underground development (m)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,127</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,878</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,255</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,005</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,971</font></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exploration drilling (m)</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,483</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,722</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,746</font></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">33</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71,205</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">58,281</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:3.47pt">These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="margin-top:1pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">San Dimas produced 1,062,203 ounces of silver and 12,385 ounces of gold compared to 1,242,717 ounces of silver and 12,472 ounces of gold in the second quarter of 2025. The lower quarterly production was a result of labour disruptions, which are now resolved. Operations have resumed at targeted rates, and the Company has revised San Dimas&#8217; production guidance higher for 2026 despite these events. Notwithstanding these temporary disruptions, production through the end of the second quarter remained broadly in line with the Company's revised guidance, achieving 47% and 46% of the revised production guidance midpoint for silver and gold, respectively.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The mill processed a total of 203,486 tonnes of ore, representing a 7% decrease compared to 219,198 tonnes in the second quarter of 2025, with average silver and gold grades of 185 g&#47;t and 2.01 g&#47;t, respectively, compared with 197 g&#47;t and 1.90 g&#47;t, respectively, in the second quarter of 2025. Lower throughput was a result of the now resolved labour disruptions and temporary equipment failure. Average silver grades in the second quarter reflect a reduced cut-off grade compared to 2025 in response to a stronger metal price environment.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Silver and gold recoveries during the quarter averaged 88% and 94%, respectively, compared to 90% and 93%, respectively, in the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter, cash costs per AgEq ounce were $18.79, compared to $15.66 per AgEq ounce in the second quarter of 2025, primarily due to a 19% decrease in AgEq ounces produced compared to the second quarter of 2025. The decrease in ounces was primarily due to the previously discussed labour disruption, along with the outperformance of silver compared to other metals compared to Q2 2025, which lowered the AgEq conversion ratio for by-product metals. As the </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AgEq conversion ratio was 75&#58;1 in Q2 2026, compared to 98&#58;1 in Q2 2025, this reduced the number of reported AgEq ounces, making cash costs per AgEq ounce appear higher despite strong performance and favourable underlying economics. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, payable AgEq ounces in Q2 2026 would have increased by 278,129 ounces, resulting in a 12% decrease to cash costs per AgEq ounce, compared to current costs. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash costs during the quarter were also impacted by the strengthening of the Mexican peso, which averaged 11% stronger relative to the US dollar compared to the  second quarter of 2025, along with higher maintenance and contractor costs and increased production taxes resulting from higher metal prices. Despite these factors, the cash costs for the quarter were below the low end of the Company&#8217;s revised guidance of $18.79 per AgEq ounce.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AISC per AgEq ounce for the quarter was $22.57, compared to $20.10 per AgEq ounce in the second quarter of 2025. This was primarily attributable to the increase in cash costs, partially offset by lower development costs. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, AISC per AgEq ounce in Q2 2026 would have decreased by 12% compared to current costs. Additionally, AISC for the quarter was below the low end of the Company&#8217;s revised guidance of $25.38 per AgEq ounce. </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The San Dimas mine is subject to a gold and silver streaming agreement with Wheaton Precious Metals Corp. (&#8220;Wheaton&#8221; or &#8220;WPMI&#8221;), which entitles Wheaton to receive 25% of the gold equivalent production (based on a fixed exchange ratio of 70 silver ounces to 1 gold ounce) at San Dimas in exchange for ongoing payments equal to the lesser of $600 (subject to a 1% annual inflation adjustment commencing in May 2019) and the prevailing market price for each gold equivalent ounce delivered. Should the average gold to silver ratio over a six-month period exceed 90&#58;1 or fall below 50&#58;1, the fixed exchange ratio would be increased to 90&#58;1 or decreased to 50&#58;1, respectively. The fixed gold to silver exchange ratio as of June 30, 2026 was 70&#58;1. During the three months ended June 30, 2026, the Company delivered 5,984 ounces (June&#160;30, 2025 -  7,235 ounces) of gold to WPMI at $648 per ounce (June&#160;30, 2025 -  $640 per ounce).</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:1pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A total of 6,127 m of underground development was completed in the second quarter, representing a 2% decrease compared to 6,255 m in the second quarter of 2025. During the quarter, a total of 17 drill rigs consisting of five surface rigs and 12 underground rigs completed 39,483 m of drilling on the property. Drilling focused on the Coronado, Carmen Escobosa, Elia and Convenci&#243;n veins with targets spanning across the exploration pipeline (Resource expansion and Resource conversion).  Total exploration costs were $4.6 million, representing a 33% increase compared to $3.5 million in the second quarter of 2025. </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">23</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_37"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">La Encantada Silver Mine, Coahuila, Mexico</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. La Encantada has 4,076 ha of mineral concessions and surface land ownership of 1,343 ha. La Encantada also has a 4,000 tpd cyanidation plant, a camp with 120 houses as well as administrative offices, laboratory, general store, hospital, airstrip and all the necessary infrastructure required for such an operation. The mine is accessible via a two-hour flight from the Durango International Airport to the operation&#8217;s private airstrip, or via an improved road from the closest city, Muzquiz, Coahuila State, which is 225 km away. The Company owns 100% of the La Encantada mine.</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.340%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.167%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.126%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.679%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.423%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.423%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.834%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q1</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>Q2 vs Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>'26 vs '25</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ore processed&#47;tonnes milled</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">320,852</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">312,199</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">281,296</font></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">633,051</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">530,451</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average silver grade (g&#47;t)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">135</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">121</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">128</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">105</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver recovery (%)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">69</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">72</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Production</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Silver ounces produced</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,035,497</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">829,081</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">628,105</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">65</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,864,578</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,188,727</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gold ounces produced </font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(29</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">63</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">75</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cost</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash cost per AgEq Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$21.54</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$25.80</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$27.19</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(21</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$23.43</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$26.65</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AISC</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$26.25</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$33.40</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$31.94</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$29.43</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$31.82</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total production cost per tonne</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$66.20</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$64.86</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$58.53</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$65.54</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$58.07</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Underground development (m)</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,779</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,956</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">956</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,735</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,910</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">96</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exploration drilling (m)</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,357</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,229</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,546</font></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,586</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,541</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:3.47pt">These measures do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Measures&#8221; on pages 54 to 64 for further details on these measures and a reconciliation of non-GAAP to GAAP measures.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the quarter, La Encantada produced 1,035,497 ounces of silver, representing a 65% increase compared to 628,105 ounces in the second quarter of 2025, driven primarily by a 14% increase in ore processed, a 27% increase in silver grades and a 14% improvement in silver recoveries. Production at La Encantada improved significantly due to improved ore flow and mine development rates, and process optimization resulting from management initiatives. La Encantada achieved 53% of the revised production guidance midpoint as of the end of the second quarter.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The mill processed a new quarterly record of 320,852 tonnes of ore, representing a 14% increase compared to 281,296 tonnes in second quarter of 2025, with an average silver grade of 135 g&#47;t, compared to 106 g&#47;t in the second quarter of 2025. The average plant throughput was maintained above 3,500 tpd during the quarter, achieving an average throughput of 4,000 tpd by the end of the quarter. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Silver recovery for the quarter was 74%, representing a 14% improvement from 65% in second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash costs per AgEq ounce for the quarter were $21.54, representing a 21% improvement compared to $27.19 per AgEq ounce in the second quarter of 2025, primarily due to a 64% increase in AgEq ounces produced compared to the second quarter of 2025. This was partially offset by the strengthening of the Mexican peso against the US dollar, which averaged 11% stronger against the US dollar, compared to the second quarter of 2025, along with higher haulage and reagent costs. Higher haulage costs were driven by the ongoing transition to the internalized haulage model at La Encantada and increased mining volumes, while reagent costs increased primarily due to higher consumption and pricing. The Company continued advancing the haulage internalization initiative at La Encantada during the quarter. While the transition remained ongoing at quarter end, the majority of haulage volumes during the second quarter were carried by the Company-operated fleet. The initiative has already supported higher ore throughput and is expected to further reduce haulage and mining costs over time while improving mine operating performance. The cash costs of $23.43 on a year-to-date basis were below the low end of the Company&#8217;s revised guidance of $24.50 per AgEq ounce.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">24</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AISC per AgEq ounce for the quarter was $26.25, representing a 18% improvement compared to $31.94 per AgEq ounce in the second quarter of 2025. The decrease was primarily attributable to lower cash costs, partially offset by higher development and PP&#38;E costs associated with increased mine development activities and equipment rehabilitation projects, as well as increased lease payments compared to the second quarter of 2025. The AISC of $29.43 on a year-to-date basis was below the low end of the Company&#8217;s revised guidance of $31.18 per AgEq ounce.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2022, the Company sold a portfolio of its existing royalty interests to Metalla Royalty and Streaming Limited (&#8220;Metalla&#8221;). Under the agreement, the Company has granted Metalla a 100% gross value royalty for the first 1,000 ounces of gold produced annually from the La Encantada property.  For the three months ended June 30, 2026, the Company has incurred $0.2 million (June&#160;30, 2025 - $0.1  million) in royalty payments from gold production at La Encantada.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A total of 1,779 m of underground development was completed in the second quarter at La Encantada, representing an 86% increase when compared to 956 m in the second quarter of 2025. During the quarter, two surface drill rigs completed 4,357 m of drilling on the property, representing a 71% increase compared to 2,546 m in the second quarter of 2025. The Company is currently testing several new exploration targets. Total exploration costs in the second quarter were $0.9 million, representing a 30% increase when compared to $0.7 million in the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">25</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_40"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">First Mint LLC, Nevada, United States</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">First Mint, is the Company&#8217;s operating minting facility located in Nevada, United States. The facility produces an array of high-quality silver bullion products and provides manufacturing capacity for third-party demand. All products are crafted from silver sourced directly from First Majestic&#8217;s mining operations in Mexico. First Mint allows the Company to sell a portion of its silver production directly to its shareholders and bullion customers. First Mint operates some of the most innovative processing equipment in the precious metals industry, including an environmentally friendly flameless tunnel, which uses significantly less electricity and produces near zero emissions when compared to traditional minting processes. </font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Commissioning and silver bullion sales by First Mint commenced in March 2024. First Mint achieved ISO 9001 certification in April 2025. This quality certification allows silver products sold by First Mint to be eligible for Individual Retirement Accounts (&#8220;IRAs&#8221;), permitting investors to hold silver products purchased from First Mint in their IRAs. First Mint enables First Majestic to turn its mined silver into an array of finished bullion products for direct sale to the public and offers manufacturing capacity for third-party custom projects.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.239%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.167%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.465%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:9.465%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.828%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.911%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.911%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.834%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">First Mint</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:700;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-Q1</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>Q2 vs Q2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026-YTD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025-YTD</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change <br>'26 vs '25</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Ounces sold</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,783</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">173,409</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">231,506</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(80</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">219,192</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">475,371&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(54</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Financial Results</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Revenue ($ millions)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3.7&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$14.5&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$7.8&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(53</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$18.2&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$15.6</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17</font></td><td style="border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Average realized price per ounce - Bullion</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$81.78&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$83.52&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$33.58&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">144</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$83.15&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$32.90&#160;</font></td><td style="border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">153</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:2pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1) This table is inclusive of sales from both the Company's bullion store and its minting facility in Nevada, United States.</font></div><div style="margin-top:2pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(2) Average realized silver price per ounce is disclosed on the Company's financial statements in Note 5 - Segmented Information.</font></div><div style="margin-top:2pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter, First Mint sold 45,783 ounces of silver compared to 231,506 ounces in the second quarter of 2025. The ounces sold through First Mint accounted for 1% of the Company&#8217;s total silver production and 2% of the total silver dor&#233; production during the second quarter of 2026. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total revenues for First Mint during the second quarter of 2026 were $3.7 million compared to revenues of $7.8 million in the second quarter of 2025. The impact of lower ounces sold was partially offset by a significantly higher average realized price of $81.78 per ounce for the quarter, representing a 144% increase compared to the average realized price of $33.58 per ounce in the second quarter of 2025. </font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_43"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Jerritt Canyon Gold Mine, Nevada, United States</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Jerritt Canyon Gold Mine is an underground and open pit mining complex located in northern Nevada, United States. Jerritt Canyon was discovered in 1972 and has been in production since 1981 having produced over 9.5 million ounces of gold over its 40-year production history. The operation, which was purchased by the Company on April 30, 2021, has one of only three permitted gold processing plants in Nevada that uses roasting in its treatment of ore. This processing plant has a capacity of 4,000 tpd. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operations at the Jerritt Canyon mine were placed on temporary suspension in March 2023. As of April 24, 2023, all activities at the Jerritt Canyon processing plant were fully suspended. On April 2, 2026, the Company announced that it has commenced a restart plan for the Jerritt Canyon Gold Mine (refer to news release dated April 2, 2026) as a result of the new expanded Mineral Resource base, strengthened long-term gold price assumptions, and successful drilling results over the past two years.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Jerritt Canyon's exploration program is focused on de-risking mineralized zones that are anticipated to be a part of the first three years of the restart plan as well as validating pit bottoms in partially back-filled historic open pits. The exploration drilling program at Jerritt Canyon began on schedule in Q2. Two reverse circulation rigs completed approximately 12,495 m of surface drilling, and one diamond drill rig completed approximately 320 m of underground drilling. A second underground diamond drill rig is expected to commence operations in the third quarter. Surface drilling focused on defining the historical deepest open-pit mining depth with partially backfilled pits, which increased the confidence level on in-situ mineralization along the Central and Northern mineralized trends. Underground drilling tested areas identified as having potential for early mining. The 2026 program includes approximately 600 m of underground expansionary development and 19,000 m of underground drilling at the Smith&#8211;SSX underground mines, along with an additional 23,000 m of surface drilling focused on defining near&#8209;surface, open&#8209;pit mineral resources, for a total of 42,000 m of drilling in 2026.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Several notable milestones were achieved during the quarter. On the underground side, purchase orders have been placed for an initial fleet of 17 Sandvik mining units, with letters of intent submitted for the remainder. The underground contractor has safely completed 3,380 m of underground rehabilitation to establish diamond drill locations, and development of access drives to the initial stoping areas will commence in the third quarter. On surface and plant infrastructure, BBA Consultants USA LP has been engaged to support the process plant restart and refurbishment, completing the first phase of engineering and plant inspections during the quarter.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Alongside site activities, the Company continues to build out the team and technical foundation required for restart. Hiring of key roles is progressing to plan, with notable additions across Technical Services, Water Resources and Processing. Optimization of the re-start mine plan also continues to advance with the support of Stantec Consulting Services Inc.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter, the Company incurred $4.5 million in holding costs at Jerritt Canyon, representing a 22% increase compared to $3.7 million in the second quarter of 2025. Mine holding costs at Jerritt Canyon primarily relate to activities required to maintain the site and support restart readiness, including water management and treatment, environmental permitting and controls, upkeep of the plant and infrastructure, and land access. As restart activities continue to advance, the Company remains focused on progressing technical studies and site preparations to support the planned resumption of operations in the second half of 2027.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total exploration costs amounted to $2.7 million in the second quarter of 2026, representing a significant increase compared to $0.5 million in the second quarter of 2025.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">27</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_52"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Del Toro Silver Mine, Zacatecas, Mexico</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Del Toro Silver Mine is located in the Municipality of Chalchihuites, Zacatecas, Mexico. and consists of 3,815 ha of mining concessions and 219 ha of surface rights. The Del Toro operation represents the consolidation of three historical silver mines, the Perseverancia, San Juan and Dolores mines, which are approximately one and three kilometres apart, respectively. Del Toro includes a 2,000 tpd flotation circuit and a 2,000 tpd cyanidation circuit. First Majestic owns 100% of the Del Toro Silver Mine.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operations at the Del Toro mine have been on care and maintenance since January 2020.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 17, 2025, the Company announced that it had entered into a definitive agreement to sell its subsidiary that owns Del Toro to Sierra Madre for total anticipated consideration in cash and shares of up to $60 million, comprised of upfront consideration of $20 million in cash and $10 million in Sierra Madre shares at a deemed price of CAD$1.30 per share, payable upon closing, and an additional $30 million in delayed and contingent consideration in cash or, at Sierra Madre&#8217;s option, Sierra Madre shares.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The announcement of the definitive agreement along with the implied price within the contract represented an indicator of impairment reversal. Therefore, the carrying amount of Del Toro was remeasured to its recoverable amount, being its fair value less costs of disposal (&#34;FVLCD&#34;), based on expected proceeds from the proposed sale and contingent consideration with a high likelihood of collectability. This includes the upfront consideration of $20 million in cash, $10 million in common shares of Sierra Madre and $10 million receivable within 18 months of closing in cash or, at Sierra Madre&#8217;s option, Sierra Madre shares. During 2025, the Company recorded a reversal of impairment loss related to the Del Toro assets of $20.3 million based on the recoverable amount implied by the definitive agreement. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Out of the impairment reversal of $20.3 million related to Del Toro, $10.6 million was allocated to depletable mining interest, $6.3 million was allocated to non-depletable mining interest with the remaining $3.4 million allocated to PPE, resulting in a total impairment reversal of $20.34 million. The recoverable amount of Del Toro, being its FVLCD was $40.0 million, based on the expected proceeds from the sale. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 19, 2026, the Company completed the sale of Del Toro to Sierra Madre. The Company completed an assessment of its carrying value, compared the fair value immediately prior to disposition, resulting in an additional impairment reversal of $1.9 million. Out of the impairment reversal, $1.1 million was allocated to depletable mining interest, $0.5 million was allocated to non-depletable mining interest with the remaining $0.4 million allocated to property, plant and equipment. The Company has accounted for the common shares received from Sierra Madre as an equity security at fair value through other comprehensive income.</font></div><div style="text-align:justify"><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_58"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">San Martin Silver Mine, Jalisco, Mexico</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The San Martin Silver Mine is an underground mine located near the town of San Martin de Bola&#241;os in the Bola&#241;os river valley, in the northern portion of the State of Jalisco, Mexico. San Martin has 33 contiguous mining concessions in the San Martin de Bola&#241;os mining district covering mineral rights for 12,795 hectares, plus an application of a new mining concession covering 24,723 ha to be granted. In addition, the mine includes 160 hectares of surface land where the processing plant, camp, office facilities, maintenance shops, and tailings dams are located, and an additional 640 hectares of surface rights. The 1,300 tpd mill and processing plant consists of crushing, grinding and conventional cyanidation by agitation in tanks and a Merrill-Crowe dor&#233; production system. The mine can be accessed via small plane, 150 km from Durango, or 250&#160;km by paved road north of Guadalajara, Jalisco. The San Martin Silver Mine is 100% owned by the Company.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In July 2019, the Company suspended all mining and processing activities at the San Martin operation due to growing insecurity in the area. Increasing violence and safety concerns resulted in the Company removing all of its remaining employees from the area in 2021. Due to this situation, the Company was unable to carry out proper care and maintenance of the mine and plant and tailings storage facilities, and the Company has limited information as to the current state of repair at the mine, including the tailings storage facility. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 7, 2026, the Company announced that it had entered into a definitive agreement dated July 6, 2026 to sell the San Martin mine to Flextronics Supply and Service, S. de R.L. de C.V., a private Mexican company, for total cash consideration of $90 million, comprised of upfront consideration of $2.5 million payable upon closing of the transaction ($500,000 of this </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">28</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">amount has already been deposited into escrow as a deposit), and an additional $87.5 million in future payments. Closing of the transaction is subject to customary closing conditions, as well as Mexican Antitrust approval.</font></div><div style="text-align:justify"><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_64"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Springpole Silver Stream, Ontario, Canada</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In July 2020, the Company completed an agreement with First Mining Gold Corp. (&#8220;First Mining&#8221;) to purchase 50% of the life-of-mine payable silver produced from the Springpole Gold Project (the &#8220;Springpole Silver Stream&#8221;), a development-stage gold project located in Ontario, Canada. First Majestic agreed to pay First Mining consideration of $22.5 million in cash and shares, in three milestone payments, for the right to purchase silver at a price of 33% of the silver spot price per ounce, to a maximum of $7.50 per ounce (subject to annual inflation escalation of 2%, commencing at the start of the third anniversary of production). Commencing its production of silver, First Mining must deliver 50% of the payable silver which it receives from the off taker within five business days of the end of each quarter. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The transaction consideration paid by First Majestic is summarized as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">The first payment of $10.0 million, consisting of $2.5&#160;million in cash and $7.5 million in First Majestic common shares (805,698 common shares), was paid to First Mining on July 2, 2020&#59;</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">The second payment of $7.5 million, consisting of $3.75 million in cash and $3.75 million in First Majestic common shares (287,300 common shares), was paid on January 21, 2021 upon the completion and public announcement by First Mining of the results of a Pre-Feasibility Study for Springpole&#59; and </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;padding-left:13.02pt">The third payment of $5.0 million was originally scheduled to be made as a combination of cash and First Majestic common shares. On March 13, 2025, the Company signed an amendment agreement (the &#8220;Amended Springpole Stream Agreement&#8221;) to the original streaming agreement for the Springpole property (the &#8220;Springpole Stream Agreement&#8221;) among the Company, Gold Canyon Resources Inc. (a wholly-owned subsidiary of First Mining) and First Mining to accelerate the final tranche payment owed by the Company under the Springpole Stream Agreement, and to make such final payment a cash only payment of $5 million (previously, this final payment was to be a combination of cash and Common Shares of the Company), payable by the Company by March 31, 2025. The Company made this final payment to First Mining prior to March 31, 2025. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the Springpole Stream Agreement, First Mining also granted First Majestic 32.1 million common share purchase warrants of First Mining (the &#8220;First Mining Warrants&#8221;) that entitle the Company to purchase one common share of First Mining at CAD$0.40 expiring July 2, 2025. The fair value of the warrants was measured at $5.7 million using the Black-Scholes option pricing model.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the Amended Springpole Stream Agreement, First Mining agreed to extend the expiry date of the First Mining Warrants to March 31, 2028 and to amend the exercise price to CAD$0.20. The fair value of the warrants was measured at $0.8 million using the Black-Scholes option pricing model, with fair value adjustments going through profit and loss.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 16, 2025, the Company exercised all of its First Mining Warrants at the exercise price of CAD$0.20 for a total cash payment of $4.7 million, and as a result, the Company received 32.1 million common shares of First Mining.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">First Mining has the right to repurchase 50% of the silver stream from First Majestic for $22.5 million at any time prior to the commencement of production at Springpole, and if such a repurchase takes place, the Company will be left with a reduced silver stream of 25% of life-of-mine payable silver production from Springpole.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Springpole is one of Canada&#8217;s largest, undeveloped gold projects with permitting underway. In November 2025, First Mining announced results of its updated 2025 Pre-Feasibility Study, which supports a 30,000 tpd open pit mining operation over a 9.4-year mine life. First Mining announced resources of 28.0 million ounces of silver in the Indicated Mineral Resource category and 6.5 million ounces of silver in the Inferred Mineral Resource category, plus 4.8 million ounces of gold in the Indicated Mineral Resource category and 0.8 million ounces of gold in the Inferred Mineral Resource category. The Springpole Project also includes large land holdings of 41,913 ha which are fully encompassed under the Springpole Stream Agreement.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A draft Environmental Impact Statement for Springpole was published in June 2022. On June 30, 2026, the Springpole Project received a positive federal Environmental Assessment Decision Statement (the &#34;Decision Statement&#34;). The Federal Minister of the Environment, Climate Change and Nature confirmed that the project may proceed subject to conditions of approval set out in the Decision Statement. The Decision Statement represents a significant milestone in de-risking the </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">29</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Springpole Project and advancing it toward construction readiness, with the provincial environmental assessment continuing in parallel. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Keith Neumeyer, First Majestic Silver Corp's Chief Executive Officer and a director of the Company, and Raymond Polman, a director of the Company, are each also directors of First Mining and accordingly may be considered to have a conflict of interest with respect to First Mining and the Springpole Stream Agreement.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">30</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_67"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:46.370%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:51.430%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:100%">OVERVIEW OF FINANCIAL PERFORMANCE</font></td></tr></table></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_73"></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">For the quarters ended June&#160;30, 2026 and 2025 (in thousands of dollars, except for per share amounts)&#58;</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.834%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.334%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.334%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.846%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.920%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Second Quarter</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Second Quarter</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Variance %</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$415,499</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$264,229</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mine operating costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cost of sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">143,469&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">141,139&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depletion, depreciation and amortization</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,414&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,739&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(34</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">191,883&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">214,878&#160;</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mine operating earnings </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">223,616</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">49,351</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">353</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,932&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,510&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,066&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,804&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(19</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mine holding costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,217&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,323&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restructuring costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,238&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5)</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reversal of impairment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign exchange loss (gain)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,543&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,768)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(130</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating earnings</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">197,543</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">39,482</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">400</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment and other income </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,009&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,334&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,592)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,798)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings before income taxes</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">193,960</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">38,018</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">410</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current income tax expense </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">90,730&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,087&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">330</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax recovery</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(22,663)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(39,648)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(43</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax expense (recovery)</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68,067&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,561)</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(467</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net earnings for the period</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$125,893</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$56,579</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">123</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9)</font></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net earnings attributable to&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Owners of the Company</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$109,433&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$52,548&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-controlling interests</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$16,460&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$4,031</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">308</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings per common share attributable to owners of the Company&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Basic &#38; Diluted</font></td><td colspan="3" style="border-bottom:1.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.22</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.11</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">100</font></td><td style="border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Revenues</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the quarter were $415.5 million, representing a 57% increase compared to $264.2 million in the same quarter of the prior year, primarily attributed to&#58;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a 90% increase in the average realized silver price, which was $63.98 per silver ounce during the quarter, compared to $33.68 per silver ounce in the second quarter of 2025. This resulted in a $117.7 million increase in revenue compared to the second quarter of 2025. </font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a 40% increase in the average realized gold price, which was $4,347 per gold ounce during the quarter, compared to $3,097 per gold ounce in the second quarter of 2025. This resulted in a $33.4 million increase in revenue compared to the second quarter of 2025. </font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $1.8 million decrease in smelting and refining costs compared to the same quarter of the prior year.</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">31</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Partially offset by&#58;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a 9% decrease in payable silver ounces sold compared to the second quarter of the prior year. This resulted in a $13.0 million decrease in revenues, primarily due to a decrease in payable ounces sold from San Dimas, Los Gatos and First Mint, compared to the same quarter of the prior year.</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a 5% decrease in payable gold ounces sold compared to the second quarter of the prior year. This resulted in a $4.5 million decrease in revenues, primarily due to a decrease in payable ounces sold across all sites, compared to the same quarter of the prior year.</font></div><div style="margin-bottom:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Cost of sales</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the quarter were $143.5 million, representing a 2% increase compared to $141.1 million in the same quarter of the prior year, primarily attributed to&#58;</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $7.0 million increase in labour, energy, maintenance and contractor costs across all sites&#59;</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $5.8 million increase in worker participation costs, environmental duties, and royalty costs, driven by the increased metal price environment&#59;</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $4.1 million in abnormal costs related to increased maintenance costs following a rockfall on the main ramp at Los Gatos, unplanned equipment maintenance at San Dimas and one time elevated costs related to labour disruptions at San Dimas as a result of now resolved union negotiations&#59; and</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">the strengthening of the Mexican peso, which averaged 11% stronger relative to the US dollar compared to the same quarter of the prior year. </font></div><div style="margin-bottom:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Partially offset by&#58;</font></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $13.3 million decrease in change in inventory expense compared to the same quarter of the prior year.</font></div><div style="margin-bottom:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Depletion, depreciation and amortization </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in the quarter was $48.4 million, representing a 34% decrease compared to $73.7 million in the same quarter of the prior year, primarily due to&#58;</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a decrease of $18.7 million in depreciation and amortization from Los Gatos due to a significant increase in reserves and resource estimates as part of the annual Reserve and Resource (&#34;R&#38;R&#34;) update released in Q1 2026&#59; and</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a decrease of $4.0 million in depreciation and amortization from Santa Elena due to a significant increase in reserves and resource estimates as part of the annual R&#38;R update released in Q1 2026.</font></div><div style="margin-bottom:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">General and administrative expense</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the quarter was $13.9 million, representing a 11% increase compared to $12.5 million in the same quarter of the prior year. The increase in general and administrative costs was primarily due to a $1.3 million increase in salaries and benefits and a $0.8 million increase in legal and professional fees, in relation to the ramp up of Jerritt Canyon and the sale of Del Toro. </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Restructuring costs</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the quarter were $2.2 million primarily due to severance costs incurred as the Company continues to optimize its workforce across all sites.  </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Reversal of impairment</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of $1.9 million on Del Toro to bring its carrying value to the fair value immediately prior to completion of its sale on June 19, 2026.</font></div><div style="margin-bottom:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Finance costs</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> during the quarter were $9.6 million, representing a 23% increase from $7.8 million in the same quarter of the prior year. This increase was primarily due to a $2.7 million increase in accretion expense related to the 2025 convertible note, issued in the fourth quarter of 2025.</font></div><div style="margin-bottom:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.42pt">During the quarter, the Company recorded an </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">income tax expense </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of $68.1 million, compared to an $18.6&#160;million income tax recovery in the same quarter of the prior year. The increase in income tax expense was primarily due to the increase in earnings. Additionally, there was a one-time current tax expense of $10.1 million relating to a historic tax dispute with the Mexican tax authority for First Majestic Plata, S.A. de C.V. (&#8220;FMP&#8221;) with respect to a forward silver purchase agreement, which has now been settled (Refer to Note 27 of the Financial Statements).</font></div><div style="margin-bottom:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.42pt">As a result of the foregoing, </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">net earnings </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for the quarter were $125.9 million, compared to a net earnings of $56.6 million in the same quarter of the prior year. Additionally, net earnings attributable to owners of the Company were $109.4 million (EPS of $0.22) during the quarter, compared to a net earnings of $52.5&#160;million (EPS of $0.11) in the same quarter of the prior year. </font></div><div style="margin-bottom:5pt;text-align:justify"><font><br></font></div><div style="margin-bottom:5pt;text-align:justify"><font><br></font></div><div style="margin-bottom:5pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">32</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:5pt;text-align:justify"><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_70"></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">For the years to date ended June&#160;30, 2026, and 2025 </font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%">(in thousands of dollars, except for per share amounts)&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.834%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.334%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.995%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.920%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Year to Date</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Year to Date</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Variance %</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">'</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">26 vs '25</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$892,167</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$508,171</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">76</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mine operating costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cost of sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">297,485&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">258,856&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depletion, depreciation and amortization</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,470&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">136,159&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(23</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">401,955&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">395,015&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Mine operating earnings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">490,212</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">113,156</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">333</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">General and administrative</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">29,506&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">25,228&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4)</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,510&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,306&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5)</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Mine holding costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,014&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,292&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,584&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(100</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6)</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restructuring costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,365&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reversal of impairment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">100</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign exchange loss (gain)  </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,200&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12,244)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(134</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating gain </font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">434,540</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">74,990</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">479</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investment and other income </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,364&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,839&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">183</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9)</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(18,955)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,761)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(10)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings before income taxes</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">434,949</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">67,068</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">549</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current income tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">174,631&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,174&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">383</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax recovery</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,061)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,925)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(59</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax expense </font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,570&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,249&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,703</font></td><td style="border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11)</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net earnings for the period</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$273,379</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$62,819</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">335</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12)</font></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net earnings attributable to&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Owners of the Company</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$237,531</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$54,812</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">333</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-controlling interests</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$35,848</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$8,007</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">348</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Earnings per common share</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">&#160;&#160;&#160;&#160;&#160;Basic &#38; Diluted</font></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.48</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$0.12</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">300</font></td><td style="border-bottom:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">%</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Revenues </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in the six months ended June&#160;30, 2026 were $892.2 million, representing a 76% increase compared to $508.2 million in the same period of the prior year, primarily attributed to&#58;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a 124% increase in the average realized silver price, which was $74.83 per silver ounce during the period, compared to $33.39 per silver ounce in the same period of 2025. This resulted in a $312.8 million increase in revenue compared to the same period of 2025. </font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a 59% increase in the average realized gold price, which was $4,680 per gold ounce during the period, compared to $2,937 per gold ounce in the same period of 2025. This resulted in a $92.2 million increase in revenue compared to the same period of 2025. </font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Partially offset by&#58; </font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">an 11% decrease in payable silver ounces sold compared to the same period of the prior year. This resulted in a $31.1 million decrease in revenues compared to the same period of the prior year, primarily due to a decrease in payable ounces sold at San Dimas, Los Gatos and First Mint, compared to the same period of the prior year.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">33</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a 6% decrease in payable gold ounces sold compared to the same period of the prior year. This resulted in a $9.9 million decrease in revenues compared to the same period of the prior year, primarily due to a decrease in payable ounces sold across all sites, except for La Encantada, compared to the same period of the prior year.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Cost of sales</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the period were $297.5 million, representing a 15% increase compared to $258.9 million in the same period of the prior year primarily attributed to&#58;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $26.2 million increase in labour, energy, maintenance and contractor costs across all sites&#59;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $24.2 million increase in worker participation costs, environmental duties, and royalty costs, driven by the increased metal price environment&#59;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $6.0 million increase in consumables and materials&#59;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $4.4 million increase in abnormal costs related to increased maintenance costs following a rockfall on the main ramp at Los Gatos, unplanned equipment maintenance at San Dimas and one-time elevated costs related to labour disruptions at San Dimas, now resolved, through union negotiations&#59;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">an additional 16 days of production from Los Gatos compared to the same period of the prior year&#59; and</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">the strengthening of the Mexican peso, which averaged 11% stronger against the US dollar compared to the same period of the prior year.</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Partially offset by&#58; </font></div><div style="margin-bottom:9pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a $22.1 million decrease in change in inventory expense compared to the same period of 2025.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Depletion, depreciation and amortization </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in the year was $104.5 million, representing a 23% decrease compared to $136.2 million in the prior year, primarily as a result of&#58;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a decrease of $22.5 million in depreciation and amortization from Los Gatos due to a significant increase in reserves and resource estimates as part of the annual Reserve and Resource (&#34;R&#38;R&#34;) update released in Q1 2026&#59; and</font></div><div style="margin-bottom:5pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">a decrease of $7.1 million in depreciation and amortization from Santa Elena due to a significant increase in reserves and resource estimates as part of the annual R&#38;R update released in Q1 2026.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">General and administrative expense</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the year was $29.5 million, representing a 17% increase compared to $25.2 million in the prior year. The increase in general and administrative costs was primarily due to a $4.3 million increase in legal and professional fees, in relation to the ramp up of Jerritt Canyon and the sale of Del Toro, a $1.2 million increase in salaries and benefits due to additional 16 days of activities from Los Gatos along with the ramp up of Jerritt Canyon. This was partially offset by a $1.1 million decrease in corporate administration expenses mostly due to a $1.5 million decrease in insurance expense related to Los Gatos.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">5.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;padding-left:10.42pt">Share-based payments</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> in the year were $10.5 million, representing a 13% increase compared to $9.3 million in the prior year, primarily attributed to an increase in the fair value of outstanding stock options, RSUs, performance share units (&#8220;PSUs&#34;) and DSUs compared to the prior year, as a result of the rise in the Company&#8217;s share price.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">6.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%;padding-left:10.42pt">Acquisition costs </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">of</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">$5.6 million was incurred in the same period of the prior year in relation to due diligence costs and closing fees incurred in connection with the acquisition of Los Gatos.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Restructuring costs</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the year were $3.4 million primarily due to severance costs incurred as the Company continues to optimize its workforce across all sites.  </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Reversal of impairment</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of $1.9 million on Del Toro to bring its carrying value to the fair value immediately prior to completion of its sale on June 19, 2026.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.42pt">Investment and other income </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for the year totaled $19.4 million, representing a 183% increase compared to $6.8 million in the prior year. This was primarily driven by $12.9 million in interest income compared to $7.3 million in the prior year as a result of the increased cash position, and a $9.9 million gain from investments in silver future contracts compared to a $1.7 million of loss in the prior year, as a result of rising metal prices. </font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:5.36pt">Finance costs</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> during the year were $19.0 million, representing a 28% increase from $14.8 million in the prior year. This increase was primarily due to a $5.3 million increase in accretion expense relating to the 2025 convertible note, issued in the fourth quarter of 2025.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">34</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:5.36pt">During the six months ended June&#160;30, 2026, the Company recorded an </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">income tax expense </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of $161.6 million, compared to $4.2 million in the prior year. The increase in income tax expense was primarily due to the increase in earnings. Additionally, there was a one-time current tax expense of $10.1 million relating to a historic tax dispute with the Mexican tax authority for FMP with respect to a forward silver purchase agreement, which has now been settled (Refer to note 27 of the Financial Statements).</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:5.36pt">As a result of the foregoing, </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">net earnings</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for the six months ended June&#160;30, 2026 were $273.4 million, compared to   $62.8 million in the prior year. Additionally, net earnings attributable to owners of the Company were $237.5 million (EPS of $0.48) during the year, compared to  $54.8&#160;million (EPS of $0.12) in the same period of the prior year. </font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">35</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_76"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:42.501%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:55.299%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">SUMMARY OF QUARTERLY RESULTS</font></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:4pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">The following table presents selected financial information for each of the most recent eight quarters&#58;</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.553%"><tr><td style="width:1.0%"></td><td style="width:32.532%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.971%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.971%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.980%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Selected Financial Information</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q2</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q4</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q3</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q2</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q4</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Q3</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Revenue</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$415,499&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$476,668&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$463,923&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$285,063&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$264,229&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$243,942&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$172,337&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$146,087&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Cost of sales</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$143,469&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$154,016&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$153,694&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$131,122&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$141,139&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$117,717&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$89,424&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$85,694&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Depletion, depreciation and amortization</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$48,414&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$56,056&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$72,421&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$54,860&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$73,739&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$62,420&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$34,676&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$31,871&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Mine operating earnings </font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$223,616&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$266,596&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$237,808&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$99,081&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$49,351&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$63,805&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$48,237&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$28,522&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Net earnings (loss) after tax</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$125,893&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$147,486&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$105,194&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$42,962&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$56,579&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$6,240&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">($13,478)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">($26,593)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">Earnings (loss) per share &#8211; basic &#38; diluted</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$0.22&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$0.26&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$0.17&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$0.06&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$0.11&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">$0.01&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">($0.04)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8.5pt;font-weight:400;line-height:100%">($0.09)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the second quarter of 2026, mine operating earnings were $223.6 million, representing a 353% increase compared to mine operating earnings of $49.4&#160;million in the second quarter of 2025. The increase was primarily driven by higher metal prices, with revenues increasing by $194.2 million, largely resulting from higher average realized silver and gold prices, which increased by 90% and 40%, respectively compared to the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net earnings for the quarter were $125.9 million, representing a 123% improvement compared to a net earnings of $56.6 million in the same quarter of the prior year. The increase in net earnings was primarily attributed to the higher mine operating earnings, along with an impairment reversal of $1.9 million (EPS of $0.004). This was partially offset by a non-cash income tax expense of $68.1 million (EPS of ($0.14)), compared to a non-cash income tax recovery of $18.6 million (EPS $0.04) in the second quarter of 2025, abnormal maintenance costs of $4.1 million (EPS of ($0.01)), compared to $2.8 million (EPS of ($0.01)) in the second quarter of 2025, and restructuring costs of $2.2 million (EPS of ($0.005)), compared to $nil in the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_79"></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:73.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">LIQUIDITY, CAPITAL RESOURCES AND CONTRACTUAL OBLIGATIONS</font></td></tr></table></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Liquidity</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, the Company had cash and cash equivalents of $1,093.3 million, comprised primarily of cash held with reputable financial institutions and invested in cash accounts and highly liquid short-term investments with maturities of three months or less. With the exception of $8.5 million held in-trust for tax audits in Mexico, the Company's cash and cash equivalents are not exposed to liquidity risk and there are no restrictions on the ability of the Company to use these funds to meet its obligations. Cash and cash equivalents exclude $159.4 million of restricted cash as at June&#160;30, 2026.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On September 24, 2025, the Company filed and obtained a receipt for a final short form base shelf prospectus in each province of Canada (other than Qu&#233;bec), and a registration statement on Form F-10 in the United States, which will allow the Company to undertake offerings (including by way of &#8220;at-the-market distributions&#8221;) under one or more prospectus supplements of various securities listed in the shelf prospectus over a 25-month period commencing as of the date of the receipt of the base shelf prospectus. During the quarter ended June 30, 2026, no shares were issued under this program.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Working capital as at June&#160;30, 2026 was $876.0 million, representing a 19% increase compared to $733.6&#160;million as at December&#160;31, 2025. Total available liquidity as at June&#160;30, 2026 was $1,035.8 million, including $876.0 million of working capital and $159.9 million of undrawn revolving credit facility, and excluding $159.4 million held in restricted cash.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">36</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The following table summarizes the Company&#8217;s cash flow activity during the year&#58;</font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:53.661%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.329%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.465%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.841%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.469%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended <br>June 30,</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cash flow</font></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash generated by operating activities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$208,879&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$90,106&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$445,416&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$145,598&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash (used in) generated by investing activities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(35,731)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(47,841)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(76,789)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,158&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash used in financing activities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(65,359)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,060)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(68,455)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,371)</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Increase in cash and cash equivalents</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$107,789</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$31,205</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$300,172</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$180,385</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Effect of exchange rate on cash and cash equivalents held in foreign currencies    </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">687&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,235&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(296)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,188&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents, beginning of the period</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">984,835&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">351,313&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">793,435&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">202,180&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cash and cash equivalents, end of the period</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$1,093,311</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$384,753</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$1,093,311</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$384,753</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s cash flows from operating, investing and financing activities during the six months ended June&#160;30, 2026 are summarized as follows&#58;</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Cash generated by operating activities</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of $445.4 million, primarily due to&#58;</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$558.9 million in cash flows from operating activities before movements in working capital and taxes. The increase in cash generated was primarily due to higher metal prices, which were partially offset by increased variable costs associated with rising metal prices, including production bonuses and royalties. Operating cash flows during the period were impacted by increases in labour, energy, maintenance, and contractor costs across all sites, along with consumables and environmental duties costs.</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$28.7 million net increase in non-cash working capital items during the period, including a $70.6 million decrease in trade and other receivables, a $14.4 million increase in income taxes payable, and a $2.4 million increase in trade and other payables, partially offset by a $23.1 million increase in inventories, a $12.0 million increase in prepaid expenses, a $8.4 million increase in VAT receivables, and a $15.2 million increase in restricted cash.</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net of&#58;</font></div><div style="margin-bottom:6pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$142.3 million in income tax paid during the year.</font></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font id="i289f604005654e3f9c4eb83da1124297_5763"></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Cash used in investing activities</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of $76.8 million, primarily related to&#58;</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$79.6 million spent on mine development and exploration activities&#59; </font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$27.3 million spent on the purchase of PPE&#59; and</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$1.3 million spent on deposit for acquisition of non-current assets.</font></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net of&#58;</font></div><div style="margin-bottom:6pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$20.0 million in proceeds from disposition of Del Toro&#59;</font></div><div style="margin-bottom:6pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$6.7 million in proceeds from disposal of marketable securities&#59; and</font></div><div style="margin-bottom:6pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$5.0 million in proceeds from a loan repayment from Sierra Madre.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:13.02pt">Cash used in financing activities</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of $68.5 million, primarily related to the following&#58;</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$38.5 million of dividends and capital distributions paid to DOWA Metals with respect to its interest in Los Gatos&#59;</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$22.7 million for the repurchase of shares&#59;</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$12.5 million for the payment of dividends during the period&#59; </font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$9.3 million spent on repayment of lease obligations&#59; and</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$2.6 million for the payment of finance costs.</font></div><div style="margin-bottom:3pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net of&#58;</font></div><div style="margin-bottom:3pt;padding-left:72pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">$17.2 million proceeds from the exercise of stock options.</font></div><div style="margin-bottom:3pt;text-align:justify;text-indent:36pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">37</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ended June 30, 2026, the Company received $32.1 million (561.6 million MXN) related to VAT filings. In connection with the tax issues relating to Primero Empresa Minera, S.A. de C.V. (&#34;PEM&#34;), the Servicio de Administracion Tributaria (the &#8220;SAT&#8221;), the Mexican tax authority, has frozen two PEM bank accounts which, together, contain approximately $138.9 million as security for certain tax re-assessments that are currently being disputed by PEM, and this amount is reflected in the Company&#8217;s restricted cash accounts. The Company does not agree with the SAT&#8217;s position regarding its tax re-assessments, which were issued as a result of the SAT unilaterally declaring that the Company&#8217;s advance pricing agreement (&#34;APA&#34;) was not valid, and is challenging Mexico&#8217;s actions with respect to the APA (Refer to Note </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="ag-2026q2fsxex991.htm#if2ebd7f03a1c4624a4c126a00ede22dc_154" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">27</a></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of financial statements) through various legal actions, both domestically in Mexico and internationally through NAFTA arbitration proceedings.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Capital Resources</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s objective when managing capital is to maintain financial flexibility to continue as a going concern while optimizing growth and maximizing returns of investments from shareholders. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company continually monitors its capital structure and based on changes in operations and economic conditions, it may, from time to time, adjust the structure by repurchasing shares, issuing new shares, issuing new debt or retiring existing debt. The Company prepares an annual budget and quarterly forecasts to facilitate management of its capital requirements. The annual budget is approved by the Company&#8217;s Board of Directors.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is not subject to any externally imposed capital requirements with the exception of complying with banking covenants defined in its debt facilities. As at June&#160;30, 2026, the Company was in compliance with all of its debt covenants.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is party to a revolving credit facility and an at-the-market finance facility. For further information, see &#34;Liquidity, Capital Resources, and Contractual Obligations - Liquidity&#34;. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Contractual Obligations and Commitments </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, the Company&#8217;s contractual obligations and commitments are summarized as follows&#58;</font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.255%"><tr><td style="width:1.0%"></td><td style="width:52.273%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.994%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.994%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.994%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.998%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Contractual<br>Cash Flows</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Less than <br>1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2 to 3<br>years</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4 to 5<br>years</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade and other payables</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$202,493&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$202,493&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Debt facilities</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">410,655&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,666&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,524&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$683,402</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$313,889</font><font 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, the Company had a working capital of $876.0 million (December 2025 - $733.6 million) and total available liquidity of $1,035.8 million (December 2025 - $873.2 million), including $159.9 million&#160;(December 2025 - $139.6 million) of undrawn revolving credit facility. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company believes it has sufficient cash on hand, combined with cash flows from operations, to meet operating requirements as they arise for at least the next 12 months.</font></div><div style="text-align:justify"><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_82"></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.239%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:47.561%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">MANAGEMENT OF RISKS AND UNCERTAINTIES</font></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company thoroughly examines the various financial instruments and risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may include credit risk, liquidity risk, currency risk, commodity price risk, and interest rate risk. Where material, these risks are reviewed and monitored by the Board of Directors. Some of these risks and uncertainties are detailed below. For a comprehensive list of the Company&#8217;s risks and uncertainties, see the Company&#8217;s most recently filed AIF under the heading </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#34;Risk Factors&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The AIF is available under the Company&#8217;s SEDAR+ profile at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.sedarplus.ca</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and on EDGAR as an exhibit to the Company&#8217;s recently filed Form 40-F.</font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">38</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Credit Risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Credit risk is the risk of financial loss if a customer or counterparty fails to meet its contractual obligations. The Company&#8217;s credit risk relates primarily to chartered banks, trade receivables in the ordinary course of business, value added taxes receivable and other receivables. At June 30, 2026, the net VAT receivable balance was $51.6 million (December&#160;31, 2025 - $46.9 million).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company sells and receives payment upon delivery of its silver dor&#233;, concentrate and by-products primarily through six international customers. All of the Company&#8217;s customers have good ratings and payments of receivables are scheduled, routine and fully received within 60 days of submission&#59; therefore, the balance of trade receivables owed to the Company in the ordinary course of business is not significant.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying amount of financial assets recorded in the consolidated financial statements represents the Company&#8217;s maximum exposure to credit risk. With the exception of the above, the Company believes it is not exposed to significant credit risk.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Liquidity Risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they arise. The Company manages liquidity risk by monitoring actual and projected cash flows and matching the maturity profile of financial assets and liabilities. Cash flow forecasting is performed regularly to ensure that there is sufficient capital in order to meet short-term business requirements, after taking into account cash flows from operations and our holdings of cash and cash equivalents.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Indebtedness</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, the Company&#8217;s total consolidated indebtedness was $302.8 million, $0.3 million of which was secured indebtedness.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company may be required to use a portion of its cash flow to service principal and interest owing thereunder, which will limit the cash flow available for other business opportunities. The Company may in the future determine to borrow additional funds from lenders. For further details regarding this risk, see the section in the Company&#8217;s most recently filed AIF entitled</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> &#8220;Risk Factors &#8211; Financial Risks &#8211; Indebtedness&#8221;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Currency Risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is exposed to foreign exchange risk primarily relating to financial instruments that are denominated in Canadian dollars or Mexican pesos, which would impact the Company&#8217;s net earnings or loss. To manage foreign exchange risk, the Company may occasionally enter into short-term foreign currency derivatives, such as forwards and options, to hedge its cash flow. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The sensitivity of the Company&#8217;s net earnings or loss and comprehensive income or loss due to changes in the exchange rates of the Canadian dollar and the Mexican peso relative to the US dollar is included in the table below&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.702%"><tr><td style="width:1.0%"></td><td style="width:10.243%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="51" style="padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">June 30, 2026</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Restricted cash</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Value added taxes receivable</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Trade and other receivables</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Other financial assets</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Trade and other payables</font></td><td 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currency</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Canadian Dollar</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$18,524&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$10,589&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$25,626&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid 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solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$50,171&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$5,017&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Mexican Peso</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">24,375&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">138,876&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">51,594&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(126,578)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">88,267&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8,827&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$42,899</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td 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style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$25,626</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">($131,202)</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$56</font><font 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0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$13,844</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Commodity Price Risk</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is exposed to commodity price risk on silver and gold, which have a direct and immediate impact on the value of its related financial instruments and net earnings. The Company&#8217;s revenues are directly dependent on commodity prices that have shown volatility and are beyond the Company&#8217;s control. The Company does not use long-term derivative instruments to hedge its commodity price risk to silver or gold.</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">39</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A portion of the Company&#8217;s trade receivables arose from provisional concentrate sales and are classified within Level 2 of the fair value hierarchy and valued using quoted market prices based on the forward London Metal Exchange for copper, zinc and lead and the London Bullion Market Association P.M. fix for gold and silver.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the Company&#8217;s exposure to commodity price risk and their impact on net earnings&#58;</font></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.405%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.846%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.846%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.019%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.873%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30, 2026</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="33" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Effect of +&#47;- 10% change in metal prices</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Silver</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gold</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Zinc </font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Lead</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Copper</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Metals in inventory</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$5,568&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$35&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$2&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$7,985&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trade receivable from concentrate sales subject to provisional pricing</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$9,376</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$2,685</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$8,426</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$3,382</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$253</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$24,122</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Interest Rate Risk</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company is exposed to interest rate risk on its short-term investments, debt facilities and lease liabilities. The Company&#8217;s finance leases bear interest at fixed rates. The Company monitors its exposure to interest rates and has not entered into any derivative contracts to manage this risk. The Company&#8217;s interest-bearing financial assets comprise of cash and cash equivalents which bear interest at a mixture of variable and fixed rates for pre-set periods of time.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, the Company&#8217;s exposure to interest rate risk on interest bearing liabilities is limited to its debt facilities and lease liabilities. Based on the Company&#8217;s interest rate exposure at June&#160;30, 2026, a 25 basis points increase or decrease in the market interest rate does not have a significant impact on net earnings or loss.</font></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Political and Country Risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">First Majestic currently conducts foreign operations in Mexico and the United States, and as such the Company&#8217;s operations are exposed to various levels of political and economic risks by factors outside of the Company&#8217;s control. These potential factors include, but are not limited to&#58; royalty and various tax increases or claims by governmental bodies (including the imposition of import and export tariffs or duties), expropriation or nationalization, trade disputes, foreign exchange controls, high rates of inflation, fluctuations in currency exchange rates, import and export regulations, lawlessness and insecurity caused from organized criminal activities, cancellation or renegotiation of contracts, environmental and permitting regulations, illegal mining operations by third parties on the Company's properties, labour unrest and surface access issues. The Company currently has no political risk insurance coverage against these risks. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is unable to determine the potential impact of these risks on its future financial position or results of operations. Changes, if any, in mining or investment policies or shifts in political attitude in foreign countries may substantively affect the Company&#8217;s exploration, development and production activities.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Uncertainty in the Estimation of Mineral Resources and Mineral Reserves, and Metal Recoveries </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There is a degree of uncertainty attributable to the estimation of Mineral Resources and Mineral Reserves (as defined in the Canadian Institute of Mining's Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines and included by reference in the Canadian Securities Administrators' National Instrument 43-101 </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Standards of Disclosure for Mineral Projects</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (&#8220;NI 43-101&#8221;)), and undue reliance should not be placed on the Company's estimates of Mineral Resources and Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Until the parts of the Company's Mineral Reserves that have been converted to Mineral Resources are actually mined, extracted and processed, the quantity of minerals and their grades must be considered estimates only. In addition, the quantity of Mineral Reserves and Mineral Resources may vary depending on, among other things, applicable metal prices, exchange rate assumptions used, underground stability conditions, the ability to maintain constant underground access to all working areas, geological variability, mining methods assumptions used and operating cost escalation. Any material change in the quantity of Mineral Reserves, Mineral Resources, grade or dimensions of the geological structures may affect the economic viability of some or all of the Company&#8217;s mineral properties and may have a material adverse effect on the Company's operational results and financial condition. Mineral Reserves on the Company&#8217;s properties have been estimated on the basis of economic factors at the time of calculation, including commodity prices and operating costs. Variations in such factors may result in a material reduction to the Company&#8217;s estimates of Mineral Reserves and Mineral Resources, or may </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">40</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">affect the Company's ability to extract Mineral Reserves, all of which could have a material adverse effect on the Company's results of operations and financial condition. </font></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Governmental Regulations, Laws, Licenses and Permits</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s mining, exploration and development projects are subject to extensive laws and regulations which vary based on the jurisdiction in which the projects are located. Such laws and regulations govern various matters, which may include exploration, development, production, price controls, exports, taxes, mining royalties, environmental levies, labour standards, expropriation of property, maintenance of mining claims, land use, land claims of local people, water use, waste disposal, power generation, protection and remediation of the environment, reclamation, historic and cultural resource preservation, mine safety, occupational health, and the management and use of toxic substances and explosives, including handling, storage and transportation of hazardous substances.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Such laws and regulations may require the Company to obtain licenses and permits from various governmental authorities, and there can be no assurance that the Company will be able to obtain or maintain all necessary licenses and permits that may be required to carry out exploration, development and mining operations at the Company&#8217;s projects. Failure to comply with applicable laws and regulations, including licensing and permitting requirements, may result in civil or criminal fines, penalties or enforcement actions, including orders issued by regulatory or judicial authorities enjoining or curtailing operations, requiring corrective measures, requiring the installation of additional equipment, requiring remedial actions or imposing additional local or foreign parties as joint venture partners, any of which could result in significant expenditures or loss of income by the Company. The Company may also be required to compensate private parties suffering loss or damage by reason of a breach of such laws, regulations, licensing requirements or permitting requirements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s income and its mining, exploration and development projects, could be adversely affected by amendments to applicable existing laws and regulations, by future laws and regulations, by more stringent enforcement of current laws and regulations, by changes in applicable government policies affecting investment, mining and repatriation of financial assets, by shifts in political attitudes, by changes in trade policy and the imposition of tariffs or non-tariff trade barriers, and by exchange controls. The effect, if any, of these factors cannot be accurately predicted. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The costs of discovering, evaluating, planning, designing, developing, constructing, operating and closing the Company&#8217;s mining, exploration and development activities and operations in compliance with such laws and regulations are significant. It is possible that the costs and delays associated with compliance with such laws and regulations, and new taxes, could become such that the Company would not proceed with mining, exploration and development at one or more of its properties. Moreover, it is possible that future regulatory developments, such as increasingly strict environmental protection laws, regulations and enforcement policies thereunder, could result in substantial costs and liabilities for the Company, such that the Company would halt or not proceed with mining, exploration and development at one or more of its properties.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Amendments to Mining and Other Related Laws in Mexico</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 8, 2023, the Mexican Government enacted a decree amending several provisions of the Mining Law, the Law on National Waters, the Law on Ecological Equilibrium and Environmental Protection and the General Law for the Prevention and Integral Management of Waste (the &#34;Decree&#34;), which became effective on May 9, 2023. The Decree amends the mining and water laws, including&#58; (i) the duration of the mining concession titles&#59; (ii) the process to obtain new mining concessions (through a public tender)&#59; (iii) imposing conditions on water use and availability for the mining concessions&#59; (iv) the elimination of &#8220;free land and first applicant&#8221; scheme&#59; (v) new social and environmental requirements in order to obtain and keep mining concessions&#59; (vi) the authorization by the Mexican Ministry of Economy of any mining concession&#8217;s transfer&#59; (vii) new penalties and cancellation of mining concessions grounds due to non-compliance with the applicable laws&#59; (viii) the automatic dismissal of any application for new concessions&#59; and (ix) new financial instruments or collaterals that should be provided to guarantee the preventive, mitigation and compensation plans resulting from the social impact assessments, among other amendments. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These amendments are expected to have an impact on our current and future exploration activities and operations in Mexico, and the extent of such impact is yet to be determined but could be material for the Company. On June 7, 2023, the Senators of the opposition parties (PRI, PAN and PRD) filed a constitutional action against the Decree, which is pending to be decided by Plenary of the Supreme Court of Justice. Additionally, during the second quarter of 2023, the Company filed various </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">amparo</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> lawsuits challenging the constitutionality of the Decree. As of the date of this MD&#38;A, these </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">amparos</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> filed by First Majestic, along with numerous </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">amparos</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in relation to the Decree that have been filed by other companies, are still pending before the District or Collegiate Courts. On July 15, 2024, the Supreme Court of Justice in Mexico suspended all ongoing </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">amparo</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> lawsuits against the Decree whilst the aforementioned constitutional action is being considered by the Supreme Court. As of the date of this MD&#38;A, the Supreme Court has not yet rendered an official ruling on the constitutional action against the Decree that was brought by the opposition parties within the Mexican government. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, on September 15, 2024, the Mexican Congress and a majority of state legislatures approved amendments to the Mexican Constitution to implement certain structural changes to the Mexican judiciary (the &#8220;Judiciary Reform&#8221;). The Judiciary Reform introduces significant changes to the Mexican judiciary, including (i) shifting from an appointment-based system, largely dependent on qualifications, to a system where judges are elected&#59; and (ii) replacing the Federal Judicial Council with two new entities&#58; the Judicial Administration Body and the Judicial Discipline Tribunal, which will oversee judicial careers, the Judiciary Branch&#8217;s budgeting, and disciplinary actions for public officials. Initial judicial elections were held in 2025 and a second stage of the Judiciary Reform is expected to take place in 2027. This second stage is anticipated to include (i) the extension of the election system to the remaining state-level judicial branches that did not participate in the 2025 elections&#59; (ii) the gradual replacement through elections of federal judges and magistrates whose terms will expire between 2025 and 2027&#59; (iii) the enactment of comprehensive amendments to various secondary laws, including the Organic Law of the Federal Judiciary, the Amparo Law, and other related statutes, to fully align them with the new judicial structure&#59; and (iv) the first formal performance evaluation process for the judges and magistrates elected in 2025 to determine their continuity in office. These proposed changes may have impacts on the Mexican court system and litigation in Mexico, the effects of which cannot be predicted at this time.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s income and its mining, exploration and development projects, could be adversely affected by amendments to such laws and regulations, by future laws and regulations, by more stringent enforcement of current laws and regulations, by changes in applicable government policies affecting investment, mining and repatriation of financial assets, by changes in the independence and reliability of Mexican courts, by shifts in political attitudes and by exchange controls. The effect, if any, of these factors cannot be accurately predicted. </font></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Evolving Foreign Trade Policies</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">New tariffs and evolving trade policy between the United States and other countries, including China, Mexico and Canada, may have an adverse effect on the Company&#8217;s business and results of operations. There is currently significant uncertainty about the future relationship between the United States and various other countries, including China, Mexico and Canada, with respect to trade policies, treaties, government regulations and tariffs. Any increased restrictions or disruptions on international trade or significant increases in tariffs on goods could potentially disrupt the Company's existing supply chains and impose additional costs on the Company's business. The United States government has passed executive orders establishing tariffs against certain goods from Canada and Mexico. As of the date of this MD&#38;A, the extent and duration of such tariffs is unclear and the potential impact of these tariffs on the Company&#8217;s operations remains uncertain.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 30, 2018, Canada, Mexico and the United States entered into a new trade agreement (the &#8220;United States-Mexico-Canada Agreement&#8221; or &#8220;CUSMA&#8221;). Among other things, CUSMA requires its member countries to respect </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">42</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">international labour standards including rights to free association and collective bargaining and to uphold their labour laws. CUSMA came into effect on July 1, 2020, and is subject to review and renewal in July 2026. Under CUSMA's review mechanism, any member country may elect to withdraw from or decline to renew CUSMA, and the agreement may be subject to renegotiation or amendments. There can be no assurance that CUSMA will remain in force, be renewed on existing terms, or that any newly negotiated terms will not adversely affect the Company&#8217;s business or operations. Although management has determined that there have been no material effects to date on its operations regarding these developments, management cannot predict future potentially adverse developments in the political climate involving Canada, the United States and Mexico and thus these may have an adverse and material impact in the future on the Company&#8217;s operations and financial performance. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Joint Ventures</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company holds a 70% interest in the Los Gatos Joint Venture, which owns the producing Los Gatos Silver Mine, and may enter into other joint venture or partnership agreements in the future. Accordingly, the Company&#8217;s activities may be subject to the risks associated with the conduct of non-wholly owned projects or joint arrangements. Such risks may include, but are not limited to, inability of joint venture partners to meet their obligations pursuant to the joint venture arrangement, disagreements with joint venture partners on how to develop and operate mines effectively, inconsistent economic or business interests or goals between joint venture partners, disputes between joint venture partners regarding management or other decisions related to the joint venture and inability to have complete control over strategic decisions made in respect of the properties. The potential occurrence of one or more of the foregoing events could have a material impact on the financial position and the results of operations of the Company.</font></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Public Health Crises </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Global financial conditions and the global economy in general have at various times in the past and may in the future experience extreme volatility in response to economic shocks or other events. Many industries, including the mining industry, are impacted by volatile market conditions in response to the widespread outbreak of epidemics, pandemics or other health crises. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Such public health crises and the responses of governments and private actors can result in disruptions and volatility in economies, financial markets and global supply chains as well as declining trade and market sentiment and reduced mobility of people, all of which could impact commodity prices, interest rates, credit ratings, credit risk and inflation. The Company&#8217;s business could be materially adversely affected by the effects of such public health crises.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There is no guarantee that the Company will not experience disruptions to some of its active mining operations due to restrictions related to public health crises in the future. Any spread of public health crises could materially and adversely impact the Company&#8217;s business, including without limitation, employee health, workforce availability and productivity, limitations on travel, supply chain disruptions, increased insurance premiums, increased costs and reduced efficiencies, the availability of industry experts and personnel, restrictions on the Company&#8217;s exploration and drilling programs and&#47;or the timing to process drill and other metallurgical testing and the slowdown or temporary suspension of operations at some or all of the Company&#8217;s properties, resulting in reduced production volumes. Although the Company has the capacity to continue certain administrative functions remotely, many other functions, including mining operations, cannot be conducted remotely. Any such disruptions could have an adverse effect on the Company&#8217;s production, revenue, net income and business. In addition, parties with whom the Company does business or on whom the Company is reliant, including suppliers and refineries may also be adversely impacted by public health crises which may in turn cause further disruption to the Company&#8217;s business, including delays or halts in availability or delivery of consumables and delays or halts in refining of ore from the Company&#8217;s mines. The impact of public health crises and government responses thereto may also have an impact on financial markets and could constrain the Company&#8217;s ability to obtain equity or debt financing in the future, which may have a material and adverse effect on its business, financial condition and results of operations. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Environmental and Health and Safety Risks</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s activities are subject to extensive laws and regulations governing environmental protection and employee health and safety. Environmental laws and regulations are complex and have tended to become more stringent over time. The Company is required to obtain governmental permits and in some instances air, water quality, waste disposal, hazardous substances and mine reclamation rules and permits. Although the Company makes provisions for environmental compliance and reclamation costs, it cannot be assured that these provisions will be adequate to discharge its future obligations for these costs. Failure to comply with applicable environmental and health and safety laws may result in injunctions, damages, suspension or revocation of permits and imposition of penalties. Environmental regulation is evolving in a manner resulting in stricter standards and the costs of compliance with such standards are increasing while the enforcement of, and fines and penalties for, non-compliance are also becoming more stringent. In addition, certain types of </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">43</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">operations require submissions of, and approval of, environmental impact assessments. Environmental assessments of proposed projects carry a heightened degree of responsibility for companies and directors, officers and employees. Climate change regulations may become more onerous over time as governments implement policies to further reduce carbon emissions, including the implementation of taxation regimes based on aggregate carbon emissions. The cost of compliance with environmental regulation and changes in environmental regulation have the potential to result in increased cost of operations, reducing the profitability of the Company&#8217;s operations.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 26, 2021, the Nevada Division of Environmental Protection (&#8220;NDEP&#8221;) issued 10 Notices of Alleged Violation (collectively, the &#8220;2021 NOAV&#8221;) that alleged the Company (doing business as Jerritt Canyon Gold, LLC) had violated various air permit conditions and regulations applicable to operations at Jerritt Canyon in Elko County, Nevada. The 2021 NOAV are related to compliance with emission monitoring, testing, recordkeeping requirements, and emission and throughput limits. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company filed a Notice of Appeal on September 3, 2021, challenging the 2021 NOAV before the Nevada State Environmental Commission (&#8220;NSEC&#8221;). There is currently no hearing scheduled or any scheduling order in the matter, and the parties have yet to engage in discovery. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 8, 2022, NDEP issued an additional four Notices of Alleged Violations (the &#34;2022 NOAV&#34;) to Jerritt Canyon Gold, LLC for alleged exceedances and violations of an Air Quality Operating permit and Mercury Operating Permit to Construct. The 2022 NOAV are related to alleged exceedances of mercury emission limitations, exceedances of operating parameters, installation of equipment, and recordkeeping requirements. The Company filed a Request for Hearing with the Nevada State Environmental Commission on March 18, 2022, that challenged the bases for the alleged 2022 NOAV and any potential penalties associated with the 2022 NOAV. Jerritt Canyon Gold LLC and NDEP agreed to waive the 20-day hearing requirement for the 2022 NOAV and the parties requested that the NSEC withhold scheduling a hearing for the 2022 NOAV at this time. At this time the estimated amount cannot be reliably determined.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:120%">  </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company intends to, and attempts to, fully comply with all applicable environmental regulations&#59; however, the Company's ability to conduct adequate maintenance and safety protocols may be considerably constrained or even prevented in areas where its control is impacted by criminal activities, such as the San Martin mine. Due to this situation, the Company has been unable to conduct care and maintenance activities at San Martin since its remaining employees were withdrawn in 2021 and the Company has limited information as to the current state of repair at the mine, including the tailing storage facility. As a result, there may be an increased risk that an environmental incident may occur at this operation and, as applicable Mexican laws impose strict liability on the property owner, the Company could incur material financial liabilities which may not be covered by our insurance policies and suspension of authorizations as a result.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While responsible environmental stewardship is a top priority for the Company, there can be no assurance that the Company has been or will be at all times in complete compliance with applicable environmental laws, regulations and permits, or that the costs of complying with current and future environmental laws and permits will not materially and adversely affect the Company&#8217;s business, results of operations or financial condition.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Natural Protected Areas Risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the General Law of Ecological Equilibrium and Environmental Protection (the &#8220;General Law&#8221;), the government of Mexico may from time to time establish Natural Protected Areas. There are a variety of different levels of environmental protection provided under the General Law which limit the economic activity that may be undertaken in any particular Natural Protected Area. The Mexican government has announced its intention to create additional Natural Protected Areas in Mexico. Although the Company has not received notice from any governmental entity of the creation of any such areas over land which is part of or nearby to any of the Company&#8217;s mineral properties, there can be no assurance that any such area will not be established in the future. In the event that a Natural Protected Area is established over land which is a part of or is nearby to any of the Company&#8217;s mineral properties in Mexico, the Company&#8217;s activities on such properties may be restricted or prevented entirely which may have a material adverse impact on the Company&#8217;s business for which the Company may not be entitled to compensation.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">44</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Climate Related Risks</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A number of governments have introduced or are moving to introduce climate change legislation and treaties at the international, national, state&#47;provincial and local levels. Regulation relating to emission levels (such as carbon taxes) and energy efficiency is becoming more stringent. If the current regulatory trend continues, this may result in increased costs at some or all of the Company&#8217;s operations.  In addition, the physical risks of climate change may also have an adverse effect on the Company&#8217;s operations.  These risks include the following&#58;  </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Changes in sea levels could affect ocean transportation and shipping facilities that are used to transport supplies, equipment and workforce and products from the Company's operations to world markets. </font></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">Extreme weather events (such as the recent drought conditions at the La Encantada mine, flooding or freezing conditions) have the potential to disrupt operations at the Company&#8217;s mines and may require the Company to make additional expenditures to mitigate the impact of such events. Extended disruptions to supply lines could result in interruption to production. </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">The Company&#8217;s facilities depend on regular supplies of consumables (diesel, tires, sodium cyanide, etc.) and reagents to operate efficiently. In the event that the effects of climate change or extreme weather events cause prolonged disruption to the delivery of essential commodities, production levels at the Company&#8217;s operations may be reduced. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There can be no assurance that efforts to mitigate the risks of climate changes will be effective and that the physical risks of climate change will not have an adverse effect on the Company&#8217;s operations and profitability. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Claims and Legal Proceedings Risks</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to various claims and legal proceedings covering a wide range of matters that arise in the ordinary course of business activities. Each of these matters is subject to various uncertainties and it is possible that some of these other matters may be resolved in a manner that is unfavourable to the Company and which may result in a material adverse impact on the Company's financial performance, cash flow or results of operations. First Majestic carries liability insurance coverage and establishes provisions for matters that are probable and can be reasonably estimated&#59; however, there can be no guarantee that the amount of such coverage is sufficient to protect against all potential liabilities. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Title of Properties</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The validity of mining or exploration titles or claims or rights, which constitute most of the Company&#8217;s property holdings, can be uncertain and may be contested. The Company has used reasonable commercial efforts to investigate the Company&#8217;s title or claim to its various properties&#59; however, no assurance can be given that applicable governments will not revoke or significantly alter the conditions of the applicable exploration and mining titles or claims and that such exploration and mining titles or claims will not be challenged or impugned by third parties. Mining laws are continually developing and changes in such laws could materially impact the Company&#8217;s rights to its various properties or interests therein. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Although the Company has obtained title opinions for certain mineral properties, there is no guarantee that title to such properties will not be challenged or impugned by third parties. The Company has obtained title insurance for its Jerritt Canyon Mine but there is a risk that such insurance could be insufficient, or the Company could not be successful in any claim against its insurer. Accordingly, the Company may have little or no recourse as a result of any successful challenge to title to any of its properties. The Company&#8217;s properties may be subject to prior unregistered liens, agreements or transfers, land claims or undetected title defects which may have a material adverse effect on the Company&#8217;s ability to develop or exploit the properties.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In Mexico, legal rights applicable to mining concessions are different and separate from legal rights applicable to surface lands&#59; accordingly, title holders of mining concessions must obtain agreement from surface landowners to obtain suitable access to mining concessions and for the amount of compensation in respect of mining activities conducted on such land. If the Company is unable to agree to terms of access with the holder of surface rights with respect to a particular claim, the Company may be able to gain access through a regulatory process in Mexico&#59; however, there is no guarantee that such process will be successful or timely or that the terms of such access will be favorable to the Company. In any such event, access to the Company's properties may be curtailed, which may result in reductions in production and corresponding </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">45</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">reductions in revenue. Any such reductions could have a material adverse effect on the Company, its business and its results of operations.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">Primero Tax Rulings</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">When Primero Mining Corp. (&#8220;Primero&#8221;) initially acquired the San Dimas mine in August 2010, it assumed the obligations under a silver purchase agreement (&#8220;Prior Stream Agreement&#8221;) that required its subsidiary, PEM, to sell exclusively to Wheaton Precious Metals Corp. (&#8220;Wheaton&#8221;) up to 6 million ounces of silver produced from the San Dimas mine, and 50% of silver produced thereafter, at the lower of&#58; (i) the spot market price and (ii) $4.04 per ounce plus an annual increase of 1% (the &#8220;PEM Realized Price&#8221;). In May 2018, the Prior Stream Agreement was terminated between Wheaton and Silver Trading (Barbados) Limited (&#8220;STB&#8221;) in connection with the Company entering into a new precious metal purchase agreement with Wheaton Precious Metals International Ltd. (&#8220;WPMI&#8221;) concurrent with the Company&#8217;s acquisition of Primero.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The specific terms of the Prior Stream Agreement required that Primero sell the silver through one of its non-Mexican subsidiaries, STB, to Wheaton&#8217;s Cayman subsidiary, WPMI. As a result, Primero&#8217;s Mexican subsidiary that held the San Dimas mine concessions, PEM, entered into an agreement (the &#8220;Internal Stream Agreement&#8221;) to sell the required amount of silver produced from the San Dimas mine concessions to STB to allow STB to fulfill its obligations under the Prior Stream Agreement.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2010, PEM amended the terms of sales of silver between itself and STB under the Internal Stream Agreement and commenced to sell the amount of silver due under the Prior Stream Agreement to STB at the PEM Realized Price. For Mexican income tax purposes, PEM then recognized the revenue on these silver sales on the basis of its actual realized revenue, which was the PEM Realized Price.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In order to obtain assurances that the SAT would accept the PEM Realized Price (and not the spot market silver price) as the proper price to use to calculate Mexican income taxes, Primero applied for and received the APA from the SAT in October 2012. The APA confirmed the PEM Realized Price would be used as PEM&#8217;s basis for calculating income taxes owed on the silver sold to STB under the Internal Stream Agreement for the taxation years 2010 to 2014. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2015 the SAT initiated a legal proceeding in Mexico seeking to retroactively nullify the APA&#59; however, the SAT did not identify an alternative basis in its legal claim for calculating income taxes on the silver sold by PEM (for which PEM received the PEM Realized Price).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2019, the SAT issued reassessments for the 2010 ($39.5 million), 2011 ($117.0 million) and 2012 ($220.9 million) tax years for an aggregate amount of $377.4 million (6,593 million MXN) inclusive of interest, inflation and penalties. In 2021, the SAT issued a reassessment against PEM for the 2013 tax year in the amount of $199.6 million (3,488 million MXN) inclusive of interest, inflation and penalties. In 2023, the SAT issued reassessments for the 2014, 2015 and 2016 tax years for an aggregate amount of $508.7 million (8,887 million MXN) inclusive of interest, inflation, and penalties. In 2025, the SAT issued a reassessment against PEM for the 2017 tax year in the amount of $75.7 million (1,322 million MXN) inclusive of interest, inflation and penalties. Most recently, in April 2026, the SAT issued a reassessment against PEM for the 2018 tax year in the amount of $115 million (2,008 million MXN)</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%">. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The aforementioned reassessments for the tax years 2010 to 2018 (inclusive), which aggregate to $1.28 billion (22,298 million MXN) are collectively referred to in these consolidated financial statements as the &#8220;Reassessments&#8221;. For the 2019 tax year, the SAT has initiated an audit that has not yet been concluded, and therefore, a tax reassessment for that year has yet to be issued. The Company believes that the Reassessments fail to recognize the applicability of a valid transfer pricing methodology. The major items in the Reassessments include determination of revenue based on spot market prices of silver, denial of the deductibility of interest expense and service fees, SAT technical error related to double counting of taxes, and interest and penalties.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company continues to defend the APA in domestic legal proceedings in Mexico, and the Company has also requested resolution of the transfer pricing dispute pursuant to the Mutual Agreement Procedure (&#8220;MAP&#8221;), under the relevant avoidance of double taxation treaties, between the competent tax authorities of Mexico, Canada, Luxembourg and Barbados. The SAT has refused to take the necessary steps under the MAP processes contained in the three tax treaties. The Company believes that by its refusal, Mexico is in breach of its international obligations regarding double taxation treaties. Furthermore, the Company continues to believe that the APA remains valid and legally binding on the SAT.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">46</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Domestic Remedies in Mexico</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2020, the Company was served with a decision of the Mexican Federal Tax Court on Administrative Matters (the &#8220;Mexican Federal Tax Court&#8221;) seeking to nullify the APA granted to PEM, which the Company subsequently appealed. On December 5, 2023, the Mexican Circuit Court issued a decision, which was formally notified to the Company on January 4, 2024. In such decision, the Mexican Circuit Court partially granted constitutional protection to the Company with respect to certain matters, but not others.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> On September 18, 2024, the Mexican Supreme Court issued its decision, which was formally notified to the Company on October 15, 2024. The Mexican Supreme Court dismissed the Company&#8217;s appeal regarding the constitutional arguments, but affirmed the validity of certain precedents of the Mexican Supreme Court which the Company believes are favourable to PEM and that were not considered by the Mexican Federal Tax Court in its original decision in September 2020. The case was sent back to the Federal Tax Court, and on December 4, 2024, the Federal Tax Court issued a new decision which the Company believes did not take into account the Mexican Supreme Court precedents. Accordingly, on January 23, 2025, PEM filed a new constitutional lawsuit against the latest decision of the Mexican Federal Tax Court and it expects that a decision on this new lawsuit may be issued by the Second Collegiate Court in the second half of 2026.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PEM has been challenging the 2010, 2011 and 2012 Reassessments in the Mexican courts. After the Collegiate Court issued its decision on December 5, 2024 upholding the 2012 Reassessment, PEM appealed the decision to the Mexican Supreme Court, and the Ministry of Finance and Public Credit (the &#8220;Mexican Finance Ministry&#8221;) responded by filing its own appeal. On October 30, 2025, the Mexican Supreme Court granted the Mexican Finance Ministry&#8217;s appeal, and therefore, the Mexican Supreme Court will not hear PEM&#8217;s appeal of the Collegiate Court&#8217;s decision. As a result, the Collegiate Court&#8217;s decision with respect to the 2012 Reassessment is a final decision and there are no further challenges available domestically to PEM in respect of the 2012 Reassessment. However, the Company is assessing what further actions it may wish to take internationally. The Company&#8217;s ongoing NAFTA proceeding against Mexico covers the 2010 to 2020 tax years, the disregard of the APA during such years and the tax reassessments which have been issued against PEM as a result of such disregard, which includes the 2012 Reassessment.</font></div><div><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">International Remedies</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">i. NAFTA APA Claim</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In respect of the APA, the Company submitted a Request for Arbitration (the &#8220;Arbitration Request&#8221;) dated March 1, 2021 to the International Centre for Settlement of Investment Disputes (&#34;ICSID&#34;), on its own behalf and on behalf of PEM, pursuant to Chapter 11 of NAFTA (the &#8220;NAFTA APA Claim&#8221;). The NAFTA Arbitration Panel (the &#8220;Tribunal&#8221;) was fully constituted on August 20, 2021. Various procedural filings have since been made by the Company and Mexico.   </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Of note, on May 26, 2023, the Tribunal granted certain provisional measures requested by the Company, issuing an order for Mexico to allow the Company to access VAT refunds from January 4, 2023 onwards that had been deposited by the SAT into a bank account of PEM that had been frozen by the SAT, and to deposit all future VAT refunds into a new bank account of PEM which shall remain freely accessible by the Company (the &#34;PM Decision&#34;). The PM Decision was upheld by the Tribunal on September 1, 2023, in response to a request from Mexico to revoke the decision. As a result, Mexico is obligated to comply with the PM Decision which requires payment of VAT refunds owing to PEM as of January 4, 2023 and into the future until the final award is rendered by the Tribunal. On July 9, 2024, the Company received a transfer of $11.0 million (198.4 million MXN) from the frozen bank account to a new bank account of PEM that the Company had opened in July 2023. The transfer of such funds was carried out by Mexico in partial compliance with its obligations under the PM Decision. However, Mexico still needs to transfer approximately $4.5 million from the frozen bank account.  In addition, in breach of the PM Decision, on August 29, 2024 the SAT froze the new bank account that PEM had opened for the purpose of receiving VAT refunds.  Mexico argued that they did not need to comply with the PM Decision whilst their Consolidation Request (detailed below) was still being decided.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the rejection of Mexico&#8217;s Consolidation Request in July 2025, the suspension on the arbitration proceedings for the NAFTA APA Claim was lifted, and the Company informed the Tribunal of Mexico&#8217;s continued non-compliance with the PM Decision. On September 22, 2025, the Tribunal issued Procedural Order No. 8, wherein the Tribunal confirmed that full compliance with the PM Decision requires that all monthly VAT refunds by SAT in favour of PEM, already effected or to be made in the future while the arbitration on the NAFTA APA Claim is ongoing, must be freely available to PEM, by SAT depositing or transferring such amounts to accounts to be maintained freely available to PEM.  The Tribunal ordered Mexico to make available to PEM the approximately US$4.5 million worth of VAT refunds in the first frozen bank account.  The Tribunal also confirmed that the freezing by the SAT of PEM&#8217;s bank account that had been opened after the PM Decision was rendered for the purpose of receiving VAT refunds was contrary to the PM Decision, and that Mexico must </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">47</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">remedy the situation to ensure that the VAT refunds currently in such bank account, and any VAT refunds deposited into such bank account in the future, are freely available to PEM.  As of the date of these consolidated financial statements, Mexico has yet to comply with the Tribunal&#8217;s latest order on this matter.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On February 12, 2024, Mexico filed a request (the &#8220;Consolidation Request&#8221;) with ICSID pursuant to the procedure in Article 1126 of NAFTA to consolidate the NAFTA APA Claim and the NAFTA VAT Claim (defined further below) into one arbitration proceeding. A separate three-person tribunal to consider the Consolidation Request (the &#8220;Consolidation Tribunal&#8221;) was constituted on May 8, 2024, and an in-person hearing for the Consolidation Request took place in Washington, D.C. on January 27 and 28, 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 28, 2025, the Consolidation Tribunal rendered its decision (the &#8220;Consolidation Decision&#8221;) and rejected the Consolidation Request. It also lifted the suspension on the arbitration proceedings related to the NAFTA APA Claim and the NAFTA VAT Claim effective immediately as of July 28, 2025. Accordingly, the arbitration proceedings related to the NAFTA APA Claim and the NAFTA VAT Claim reconvened after having been suspended for over a year. On October 21, 2025, the Company filed its Ancillary Claims Memorial in order to add the claims covered by the NAFTA VAT Claim as ancillary claims to the NAFTA APA Claim. In addition, on December 10, 2025, the Company filed an amendment to its Arbitration Request to increase its damages claim against Mexico with respect to the NAFTA APA Claim to $1.09 billion.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Based on the Company&#8217;s consultations with third party advisors, the Company believes PEM filed its tax returns in compliance with applicable Mexican law and that the APA is valid, therefore, at this time, other than with respect to the 2012 Reassessment, no liability has been recognized in the financial statements with respect to this matter.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To the extent it is ultimately determined that the pricing for silver sales under the Prior Stream Agreement is significantly different from the PEM Realized Price, and while PEM would have rights of appeal in connection with any reassessments, it is likely to have a materially adverse effect on the Company&#8217;s business, financial position and results of operations. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ii. NAFTA VAT Claim</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 31, 2023, the Company filed a new Notice of Intent on its own behalf and on behalf of PEM under the &#34;legacy investment&#34; claim provisions contained in Annex 14-C of the Canada-United States-Mexico Agreement (&#8220;CUSMA&#8221;) and Chapter 11 of NAFTA to invite the Government of Mexico to engage in discussions to resolve the dispute regarding the ongoing denial of access to PEM&#8217;s VAT refunds (&#34;NAFTA VAT Claim&#34;).  </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the Consolidation Decision, on October 21, 2025, the Company filed its Ancillary Claims Memorial with the Tribunal for the NAFTA APA Claim. The Company received confirmation from ICSID that the NAFTA VAT Claim proceedings had been discontinued effective as of January 27, 2026.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">While the Company remains confident in its position with regards to its NAFTA APA Claim, it continues to engage with the Government of Mexico and the SAT in consultation discussions so as to amicably resolve these disputes.</font></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">La Encantada Tax Re-assessments</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, as part of the ongoing annual audits of the tax returns of Minera La Encantada, S.A. de C.V. (&#8220;MLE&#8221;) and Corporacion First Majestic S.A. de C.V. (&#8220;CFM&#8221;), the SAT issued tax assessments for fiscal 2012 and 2013 for corporate income tax in the amount of $43.1 million (754 million MXN) and $31.4 million (549 million MXN) including interest, inflation and penalties, respectively. In December 2022, the SAT issued tax assessments to MLE for fiscal years 2014 and 2015 for corporate income tax in the amount of $19.9 million (348 million MXN) and $250.2 million (4,371 million MXN). In 2023, the SAT issued a tax assessment to MLE for the fiscal year 2016 for corporate income tax in the amount of $3.5 million (61 million MXN). The SAT also issued an assessment for fiscal 2017 in the amount of $7.5 million (131 million MXN). The major items relate to a forward silver purchase agreement, and the denial of the deductibility of mine development costs and service fees. The Company continues to defend the validity of the forward silver purchase agreement and will vigorously dispute the assessments that have been issued. The Company, based on advice from legal and financial advisors, believes MLE&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements.</font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">48</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">San Martin Tax Re-assessments</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2023, as part of the ongoing annual audits of the tax returns of Minera El Pilon, S.A. de C.V. (&#8220;MEP&#8221;), the SAT issued tax assessments for fiscal 2014, 2015 and 2016 for corporate income tax in the total amount of $26.7 million (505 million MXN) including interest, inflation and penalties. In 2024, the SAT issued a tax assessment for fiscal 2017 for corporate income tax in the amount of $3.7 million (67 million MXN) including interest, inflation, and penalties. The majority of these tax assessments related to a prior forward silver purchase agreement to which MEP was a party, and to the denial of the deductibility of mine development costs.  Pursuant to discussions, the Company and the SAT came to a resolution regarding silver sales made pursuant to the forward silver purchase agreement that resulted in the Company paying the SAT additional income taxes in the amount of $5.2 million (95.3 million MXN) in August 2025, following which amounts related to the forward silver purchase agreement were removed from the assessed amounts for the relevant years.  The tax assessments for fiscal 2014, 2015, 2016, and 2017 for corporate income tax now total $21.9 million (450 million MXN), including interest, inflation and penalties, and now relate only to the denial of the deductibility of mine development costs. In 2025, the SAT issued an additional tax assessment for fiscal 2018 in the amount of $5.6 million (97 million MXN) including interest, inflation, and penalties. The Company continues to defend the validity of the deductibility of the mine development costs and will vigorously dispute the assessments that have been issued in respect of such costs. The Company, based on advice from legal and financial advisors, believes MEP&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements.</font></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">La Parrilla Tax Re-assessments</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2023 and 2024, as part of the ongoing annual audits of the tax returns of First Majestic Plata, S.A. de C.V. (&#8220;FMP&#8221;) (an indirect wholly-owned subsidiary of the Company which was the owner of the Company&#8217;s La Parrilla property which was disposed of in 2023), the SAT issued tax assessments for fiscal 2014, 2015, and 2016 for corporate income tax in the total amount of $71.4 million (1,247 million MXN) including interest, inflation and penalties. In 2025, the SAT issued a tax assessment for fiscal 2017 for corporate income tax in the total amount of $2.7 million (47 million MXN) including interest, inflation and penalties. In 2026, the SAT issued a tax assessment for fiscal 2018 for corporate income tax in the total amount of $2.5 million (43 million MXN) including interest, inflation and penalties. The majority of these tax assessments relate to a prior forward silver purchase agreement to which FMP was a party, and to the denial of the deductibility of mine development costs. Pursuant to discussions, the Company and the SAT came to a resolution regarding silver sales made pursuant to the forward silver purchase agreement that resulted in the Company paying the SAT additional income taxes in the amount of $10.1 million (176.0 million MXN) in July 2026, which was included in current income tax expense for the period ended June 30, 2026. The Company continues to defend the validity of the deductibility of the mine development costs and will vigorously dispute the assessments that have been issued in respect of such costs. The Company, based on advice from legal and financial advisors, believes FMP&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements.    </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Del Toro Tax Re-assessments</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2023, as part of the ongoing annual audits of the tax returns of First Majestic Del Toro, S.A. de C.V. (&#8220;FMDT&#8221;), the SAT issued tax assessments for fiscal 2015 and 2016 for corporate income tax in the total amount of $29.6 million (517 million MXN) including interest, inflation and penalties. The major items relate to and denial of the deductibility of mine development costs, refining costs, and other expenses. The Company continues to defend the validity of the expenses and will vigorously dispute the assessments that have been issued. The Company, based on advice from legal and financial advisors, believes FMDT&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements. Pursuant to the share purchase agreement with respect to Del Toro, the Company remains liable for all such taxes which are ultimately determined to be payable with respect to such period notwithstanding closing of the sale of FMDT.</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">CFM Tax Re-assessments</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In 2023, as part of the ongoing annual audits of the tax returns of CFM, the SAT issued a tax assessment for fiscal 2016 for corporate income tax in the total amount of $84.3 million (1,473 million MXN) including interest, inflation and penalties. The major item relates to planning that took place after the Company&#8217;s acquisition of Santa Elena (via the Company's acquisition of SilverCrest Mines Inc. on October 1, 2015) at the Canadian level. Mexico contends a right to tax a disposition of the shares of SilverCrest Mines Inc. by First Majestic, even the transaction in question involved the disposition of the shares of one Canadian company by another Canadian company and was reported for tax purposes in Canada. The </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">49</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company continues to defend the validity of the transaction in question and will vigorously dispute the assessments that have been issued. The Company, based on advice from legal and financial advisors, believes CFM&#8217;s tax filings were appropriate and its tax filing position is correct, therefore no liability has been recognized in the financial statements.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">First Silver Litigation</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In April 2013, the Company received a positive judgment on the First Silver litigation from the Supreme Court of British Columbia (the &#8220;Court&#8221;), which awarded the sum of $93.8 million in favour of First Majestic against Hector Davila Santos (the &#8220;Defendant&#8221;) in connection with a dispute between the Company and the Defendant and his private company involving a mine in Mexico (the &#8220;Bola&#241;os Mine&#8221;) as set out further below. The Company received the sum of $14.1 million (representing monies previously held in trust by the Defendant&#8217;s lawyer) on June 27, 2013, in partial payment of the April 2013 judgment, leaving an unpaid amount of $64.3 million (CAD$81.5 million), not including interest. As part of the ruling, the Court granted orders restricting any transfer or encumbrance of the Bola&#241;os Mine by the Defendant and limiting mining at the Bola&#241;os Mine. The orders also require the Defendant to preserve net cash flow from the Bola&#241;os Mine in a holding account and periodically provide to the Company certain information regarding the Bola&#241;os Mine. After many years of domestic Mexican litigation, the enforceability of the British Columbia judgment was finally recognized by the Mexican Supreme Court in a written judgment on November 11, 2022. The Company is continuing its enforcement efforts in respect of the Defendant&#8217;s assets in Mexico. There are no assurances that the Company will be successful in collecting on the remainder of the Court&#8217;s judgment in respect of the Defendant&#8217;s assets. Therefore, as at June 30, 2026, the Company has not accrued any of the remaining $64.3 million (CAD$81.5 million) unrecovered judgment in favour of the Company.</font></div><div><font><br></font></div><div><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_85"></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:42.501%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:55.299%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">OTHER FINANCIAL INFORMATION</font></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Off-Balance Sheet Arrangements</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at June&#160;30, 2026, the Company had no material off-balance sheet arrangements such as contingent interest in assets transferred to an entity, derivative instruments obligations or any obligations that generate financing, liquidity, market or credit risk to the Company, other than contingent liabilities and vendor liability and interest, as disclosed in this MD&#38;A and the consolidated financial statements and the related notes. </font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Share Repurchase Program</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 12, 2024 the Company renewed its ongoing share repurchase program (the &#8220;2024 Share Repurchase Program&#8221;) which permitted it to repurchase up to 10,000,000 shares (3.32% of the Company's issued and outstanding shares as at September 4, 2024) until September 11, 2025. The Share Repurchase Program is a &#8220;normal course issuer bid&#8221; and will be carried out through the facilities of the Toronto Stock Exchange and alternative Canadian marketplaces. All common shares, if any, purchased pursuant to the Share Repurchase Program will be cancelled. The Company believes that from time to time, the market price of its common shares may not fully reflect the underlying value of the Company's business and its future business prospects. The Company believes that at such times, the purchase of common shares would be in the best interest of the Company. During the three and six months ended June 30, 2026, the Company repurchased nil common shares under its 2024 Share Repurchase Program (June 30, 2025 &#8211; 506,000 and 768,500 common shares at an average price of CAD$7.94 and CAD $7.90 per share, respectively, resulting in total payments of CAD$4.0 million and CAD$6.0 million, respectively, net of transaction costs). The 2024 Share Repurchase Program expired on September 11, 2025, and was renewed by the Company on October 14, 2025 (the &#8220;2025 Share Repurchase Program&#8221;). Under the 2025 Share Repurchase Program, the Company may repurchase up to 24.5 million common shares (5% of the Company&#8217;s issued and outstanding common shares as at June 30, 2026), and the program expires on October 13, 2026. During the three and six months ended June 30, 2026, the Company repurchased 1,200,000 common shares under its 2025 Share Repurchase Program at an average price of CAD$26.18 (June 30, 2025 - nil common shares repurchased).</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Related Party Disclosures</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There were no significant transactions with related parties during the three months ended June 30, 2026.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">50</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Outstanding Share Data</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at July&#160;29, 2026, the Company has 492,906,383 common shares issued and outstanding. In addition, the following awards that were granted under the Company&#8217;s long-term incentive plan were outstanding as at July&#160;29, 2026&#58; </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.846%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.240%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock options</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,955,585&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restricted share units (share-settled)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,441,255&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred share units (share-settled)</font></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,161&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Performance share units (share-settled)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,134,074&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">8,561,075</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 2, 2021, the Company issued an aggregate of $230 million principal amount of 0.375% unsecured convertible debentures due January 15, 2027 (the &#8220;2021 Notes&#8221;). The 2021 Notes may be converted by the holders, in whole or in part, at any time. The initial conversion rate for the 2021 Notes is 60.3865 common shares per $1,000 principal amount of the 2021 Notes, equivalent to an initial conversion price of approximately $16.56 per common share (subject to certain adjustment provisions, one of which requires an adjustment in connection with the payment of any dividends by the Company). In 2025, the Company repurchased 174,708 of the 2021 Notes for total costs of $214.7 million, and the remaining 55,292 2021 Notes were unconverted as of June&#160;30, 2026.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 8, 2025, the Company issued an aggregate of $350 million principal amount of 0.125% unsecured convertible debentures due January 15, 2031 (the &#8220;2025 Notes&#8221;). The 2025 Notes may be converted by the holders, in whole or in part, at any time. The initial conversion rate for the 2025 Notes is 44.7227 common shares per $1,000 principal amount of the 2025 Notes, equivalent to an initial conversion price of approximately $22.36 per common share (subject to certain adjustment provisions, one of which requires an adjustment in connection with the payment of any dividends by the Company).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Dividends</font></div><div><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 15, 2026, the Company announced that it is increasing its dividend per common share from 1% to 2% of net quarterly revenues earned from January 1, 2026 onwards divided by the number of common shares of the Company outstanding as at the record date for the dividend (with respect to net quarterly revenues generated from the Los Gatos Silver Mine, 70% of such revenue, being the revenue that is attributable to the Company, is used for the purposes of the Company&#8217;s quarterly dividend calculation).</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Payment of the dividends under the dividend policy is subject to the discretion of the Board of Directors. The Company may also declare special dividends from time to time, in cash or in kind, at the discretion of the Board of Directors. The Company will review the dividend policy on an ongoing basis and may amend the policy at any time in light of the Company&#8217;s then current financial position, profitability, cash flow, debt covenant compliance, legal requirements and other factors considered relevant. All of the common shares of the Company are entitled to an equal share of any dividends declared and paid. There are currently no restrictions that could prevent the Company from paying dividends.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Over the past three years, the Company has declared the following dividends&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.447%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:26.282%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Year Ended December 31,</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Declaration Date</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Amount per Common Share</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" rowspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</font></td><td colspan="3" style="background-color:#cfdbff;border-left:1pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July 29</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-left:1pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0152&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cfdbff;border-left:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">May 11</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-left:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0171&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cfdbff;border-left:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">February 18</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-left:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0083&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</font></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">November 5</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0052&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">August 14</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-left:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0048&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">May 7</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-left:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0045&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">February 20</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0057&#160;</font></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">51</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.447%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:26.282%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" rowspan="4" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</font></td><td colspan="3" style="background-color:#cfdbff;border-left:1pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">November 6</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-left:1pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0048&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cfdbff;border-left:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">July 31</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-left:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0046&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cfdbff;border-left:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">May 7</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-left:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0037&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cfdbff;border-left:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">February 21</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-left:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0048&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" rowspan="4" style="border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023</font></td><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">November 2</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0046&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">August 3</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-left:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$0.0051&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:top"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_88"></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.644%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:73.156%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">SUBSEQUENT EVENTS</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following significant events have occurred subsequent to June&#160;30, 2026&#58;</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Declaration of Quarterly Dividend</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July&#160;29, 2026, the Company&#8217;s Board of Directors approved the declaration of its quarterly common share dividend of $0.0152 per share, payable on or after August&#160;31, 2026, to common shareholders of record as at the close of business on August&#160;14, 2026. This dividend was declared subsequent to the quarter end and has not been recognized as a distribution to owners during the period ended June&#160;30, 2026.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Sale of San Martin Mine</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 7, 2026, the Company announced that it had entered into a definitive agreement dated July 6, 2026 to sell its San Martin mine to Flextronics Supply and Service, S. de R.L. de C.V., a private Mexican company, for total cash consideration of $90 million, comprised of upfront consideration of $2.5 million payable upon closing of the transaction ($500,000 of this amount has already been deposited into escrow as a deposit), and an additional $87.5 million in future payments. Closing of the transaction is subject to customary closing conditions, as well as Mexican Antitrust approval. First Majestic anticipates that the Transaction will close in the fourth quarter of 2026.</font></div><div><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_91"></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:38.930%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">ACCOUNTING POLICIES, JUDGMENTS AND ESTIMATES</font></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Critical Accounting Judgments and Estimates</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with IFRS Accounting Standards as issued by the International Accounting Standards Board (&#8220;IASB&#8221;) requires management to make judgments, estimates and assumptions about future events that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Although these estimates are based on management&#8217;s best knowledge of the amount, events or actions, actual results may differ from these estimates. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">New and amended IFRS Accounting Standards that are effective for the current year</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the current year, the Company has applied the below amendments to the IFRS Accounting Standards as issued by the IASB that were effective for annual periods that begin on or after January 1, 2026. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements.</font></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The amendments provide guidance on the derecognition of a financial liability settled through electronic transfer, as well as the classification of financial assets for&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226; Contractual terms consistent with a basic lending arrangement&#59;</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226; Assets with non-recourse features&#59;</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226; Contractually linked instruments.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, the amendments introduce new disclosure requirements related to investments in equity instruments designated at fair value through other comprehensive income, and additional disclosures for financial instruments with contingent features. </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">52</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These amendments were applied effective January 1, 2026 and did not have a material impact on the Company&#8217;s consolidated financial statements.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Future Changes in Accounting Policies Not Yet Effective as at June&#160;30, 2026&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At the date of authorization of these financial statements, the Company has not applied the following new and revised IFRS Accounting Standards that have been issued but are not yet effective. Management does not expect that the adoption of the Standards listed below will have a material impact on the financial statements of the Company in future periods, except if indicated.</font></div><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Presentation and Disclosure in Financial Statements (Amendment to IFRS 18)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In April 2024, the IASB released IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 replaces IAS 1 Presentation of Financial Statements while carrying forward many of the requirements in IAS 1. IFRS 18 introduces new requirements to&#58; i) present specified categories and defined subtotals in the statement of earnings, ii) provide disclosures on management-defined performance measures (MPMs) in the notes to the financial statements, iii) improve aggregation and disaggregation. Some of the requirements in IAS 1 are moved to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and IFRS 7 Financial Instruments&#58; Disclosures. The IASB also made minor amendments to IAS 7 Statement of Cash Flows and IAS 33 Earnings per Share in connection with the new standard. IFRS 18 requires retrospective application with specific transition provisions. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The amendments are effective for annual reporting periods beginning on or after January 1, 2027, although earlier application is permitted. The Company is currently evaluating the impact of IFRS 18 on the Company&#8217;s consolidated financial statements.</font></div><div><font><br></font></div><div><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_94"></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.090%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:72.710%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">NON-GAAP MEASURES</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has included certain non-GAAP measures including &#8220;Cash costs per silver equivalents ounce&#8221;, &#8220;All-in sustaining cost (&#8220;AISC&#8221;) per silver equivalent ounce&#8221;, &#8220;AISC per gold ounce&#8221;, &#8220;Production cost per tonne&#8221;, &#8220;Average realized silver price per silver equivalent ounce&#8221;, &#34;Average realized silver price per silver ounce&#34;, &#8220;Average realized gold price per gold ounce&#8221;, &#8220;Adjusted net earnings&#8221;, &#8220;Adjusted earnings per share&#8221;, &#8220;Earnings before interest, tax, depreciation and amortization&#8221; (&#8220;EBITDA&#8221;), &#8220;Adjusted EBITDA&#8221;, &#8220;Free cash flow&#8221; and &#8220;Working capital&#8221; to supplement its consolidated financial statements, which are presented in accordance with IFRS Accounting Standards. The terms IFRS Accounting Standards and generally accepted accounting principles (&#8220;GAAP&#8221;) are used interchangeably throughout this MD&#38;A.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company believes that these measures, together with measures determined in accordance with IFRS Accounting Standards, provide investors with an improved ability to evaluate the underlying performance of the Company. Non-GAAP measures do not have any standardized meaning prescribed under IFRS Accounting Standards and the methods used by the Company to calculate such measures may differ from methods used by other companies with similar descriptions, therefore they may not be comparable to similar measures employed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">53</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Cash Costs per AgEq Ounce, AISC per AgEq Ounce, AISC per Au Ounce, and Production Cost per Tonne </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash costs per AgEq ounce and total production cost per tonne are non-GAAP performance measures used by the Company to manage and evaluate operating performance at each of the Company&#8217;s operating mining units, in conjunction with the related GAAP amounts. These metrics are widely reported in the mining industry as benchmarks for performance but do not have a standardized meaning and are disclosed in addition to IFRS Accounting Standards measures. Management and investors use these metrics for comparing the costs against peers in the industry and for assessing the performance of each mine within the portfolio.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:174%">Management calculates the cash costs per ounce and production costs per tonne by&#58;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">starting with the production costs (GAAP) from the income statement&#59;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">adding back duties and royalties, smelting and refining costs as well as transportation and selling costs, which form a part of the cost of sales on the financial statements and provide a better representation of total costs incurred&#59;</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">cash costs are divided by the payable silver equivalent ounces produced&#59; and</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:13.02pt">production costs are divided by the total tonnes milled. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">AISC is a non-GAAP performance measure and was calculated by the Company based on guidance provided by the World Gold Council (&#8220;WGC&#8221;). WGC is not a regulatory industry organization and does not have the authority to develop accounting standards for disclosure requirements. Other mining companies may calculate AISC differently as a result of differences in underlying accounting principles and policies applied, as well as differences in definitions of sustaining versus expansionary capital expenditures. AISC is a more comprehensive measure than cash cost per ounce and is useful for investors and management to assess the Company&#8217;s operating performance by providing greater visibility, comparability and representation of the total costs associated with producing silver from its current operations, in conjunction with related GAAP amounts. AISC helps investors to assess costs against peers in the industry and help management assess the performance of each mine within the portfolio in a standardized manner. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company defines sustaining capital expenditures as &#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">costs incurred to sustain and maintain existing assets at current productive capacity and constant planned levels of productive output without resulting in an increase in the life of assets, future earnings, or improvements in recovery or grade. Sustaining capital includes costs required to improve&#47;enhance assets to minimum standards for reliability, environmental or safety requirements. Sustaining capital expenditures excludes all expenditures at the Company&#8217;s new projects and certain expenditures at current operations which are deemed expansionary in nature.&#8221;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Expansionary capital expenditures are defined by the Company as </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">&#34;costs incurred to extend existing assets beyond their current productive capacity and beyond their planned levels of productive output, resulting in an increase in the life of the assets, increasing their future earnings potential, or improving their recoveries or grades which would serve to increase the value of the assets over their useful lives&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Development and exploration work which moves inferred resources to measured or indicated resources and adds to the Net Present Value of the assets is considered expansionary in nature. Expansionary capital also includes costs required to improve&#47;enhance assets beyond their minimum standard for reliability, environmental or safety requirements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consolidated AISC includes total production costs (GAAP measure) incurred at the Company&#8217;s mining operations, which forms the basis of the Company&#8217;s total cash costs. Additionally, the Company includes sustaining capital expenditures, corporate general and administrative expenses, share-based payments, operating lease payments and reclamation cost accretion. AISC by mine does not include certain corporate and non-cash items such as general and administrative expense and share-based payments. The Company believes this measure represents the total sustainable costs of producing silver from current operations and provides additional information of the Company&#8217;s operational performance and ability to generate cash flows. As the measure seeks to reflect the full cost of silver production from current operations, new projects and expansionary capital at current operations are not included. Certain other cash expenditures, including tax payments, dividends and financing costs are also not included. </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">54</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_97"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables provide detailed reconciliations of these measures to cost of sales, as reported in notes to our consolidated financial statements.</font></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.218%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.846%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.846%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.846%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.846%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.846%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.852%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(expressed in thousands of <br>U.S. Dollars, except ounce and<br>per ounce amounts)</font></td><td colspan="18" style="padding:1.5pt 1pt;text-align:center;vertical-align:middle"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2026</font></td></tr><tr style="height:23pt"><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Los Gatos</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Jerritt Canyon</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Consolidated</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Mining cost</font></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$10,760&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$13,031&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$16,252&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$7,887&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$47,930&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Milling cost </font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,361&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11,733&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,831&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,492&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">32,417&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Indirect cost </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,215&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,367&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,696&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,860&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">31,138&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total production cost (A)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$22,336</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$31,131</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$36,779</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$21,239</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$111,485</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; transportation and other selling cost</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,103&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">381&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">275&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">229&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,039&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; smelting and refining cost</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,287)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">61&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">304&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">213&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(709)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; environmental duty and <br>royalties cost</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">620&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,249&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,065&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">896&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,830&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; change in inventory</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(22)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,636)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,112)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(307)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,077)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total cash cost (B)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$25,750</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$36,186</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$37,311</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$22,270</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$121,568</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Workers&#8217; participation</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,462)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15,008&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,593&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(948)</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">15,191&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">13,567&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,066&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accretion of decommissioning liabilities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">186&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">318&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">358&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">315&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,177&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Sustaining capital expenditures</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,707&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,420&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,114&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,820&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#333399;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">1,033,927</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">6,727,304</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">N&#47;A</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">N&#47;A</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Tonnes milled (F)</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">210,607</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">305,369</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">203,486</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">320,852</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td 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style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">AISC per AgEq ounce (C&#47;D)</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$16.82</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$27.36</font><font 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$25.68</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Production cost per tonne (A&#47;F)</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$106.05</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$101.95</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$180.74</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$66.20</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$107.16</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:3.47pt">All production and costs shown in the table above are reported on an attributable basis to account for the Company's 70% ownership of the Los Gatos mine.</font></div><div style="margin-top:3pt;text-align:center"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">55</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-top:3pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.060%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.060%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.065%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(expressed in thousands of U.S. Dollars, <br>except ounce and per ounce amounts)</font></td><td colspan="18" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended June 30, 2025</font></td></tr><tr style="height:23pt"><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Los Gatos</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Jerritt Canyon</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Consolidated</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Mining cost </font></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$10,442&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$12,793&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$16,514&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$5,947&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$45,696&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Milling cost </font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,369&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,890&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,502&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,563&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">30,324&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Indirect cost </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,580&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,193&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">13,097&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,952&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">28,822&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total production cost (A)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$21,390</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$28,876</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$38,114</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$16,462</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$104,842</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; transportation and other selling cost</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,560&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">250&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(180)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">117&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,855&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; smelting and refining cost</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(20)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">95&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">297&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">134&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">506&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; environmental duty and royalties cost</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">798&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,810&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">692&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">342&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,643&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; Change in Inventory</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">589&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,619)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(437)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">85&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,382)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total cash cost (B)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$26,318</font><font 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$38,485</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$17,140</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$113,464</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Workers&#8217; participation</font></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">204&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,949&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,864&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(184)</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">11,833&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,191&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,804&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accretion of decommissioning liabilities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">167&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">324&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">349&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">302&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,142&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Sustaining capital expenditures</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,289&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,528&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,428&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,778&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,237&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font 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0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2,315,140</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2,457,869</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" 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0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">7,514,758</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Payable gold ounces produced 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Tonnes milled (F)</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">233,480</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">269,830</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">219,198</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">281,296</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">1,003,804</font><font 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style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$21.02</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Production cost per tonne (A&#47;F)</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$91.65</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$107.02</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$173.88</font><font 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$104.45</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%;padding-left:3.47pt">All production and costs shown in the table above are reported on an attributable basis to account for the Company's 70% ownership of the Los Gatos mine.</font></div><div style="text-align:center"><font><br></font></div><div style="margin-top:3pt;text-align:justify"><font><br></font></div><div style="margin-top:8pt;text-align:center"><font><br></font></div><div style="padding-left:13.5pt;text-align:justify"><font><br></font></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">56</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_100"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.792%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.253%"></td><td style="width:0.1%"></td></tr><tr style="height:27pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(expressed in thousands of U.S. Dollars, except ounce and per<br>ounce amounts)</font></td><td colspan="18" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended June 30, 2026</font></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Los Gatos</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Jerritt Canyon</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Consolidated</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Mining cost</font></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">22,857&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">23,630&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">33,262&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">16,071&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">95,820&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Milling cost </font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,034&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">23,613&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">17,363&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">16,101&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">66,111&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Indirect cost </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">14,965&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,650&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">26,190&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,320&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">63,125&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total production cost (A)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">46,856</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">59,893</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">76,815</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">41,492</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">225,056</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; transportation and <br>&#160;other selling cost</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,806&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">771&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">519&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">439&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,655&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; smelting and refining cost</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,206&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">167&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">725&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">395&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,493&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; environmental duty and<br>&#160;royalties cost</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,405&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,408&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,307&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,694&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">17,814&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; change in inventory</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(71)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,670)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(956)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(396)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,093)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total cash cost (B)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$57,202</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$71,569</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$79,410</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$43,624</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$251,923</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Workers&#8217; participation</font></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,514&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">16,380&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">16,290&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">847&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">35,031&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">28,774&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,510&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accretion of decommissioning liabilities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">366&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">637&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">717&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">630&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,350&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Sustaining capital expenditures</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,810&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,401&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,469&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,373&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">27,330&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">865&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,313&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,740&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">All-In Sustaining Costs (C)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">4,099,031</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">1,861,680</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">13,151,343</font><font 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style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">N&#47;A</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Tonnes milled (F)</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">437,986</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">589,606</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">439,004</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">633,051</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2,099,647</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" 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style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$18.04</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$19.37</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$23.43</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$19.15</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">AISC per AgEq ounce (C&#47;D)</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$20.76</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$24.57</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$25.56</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$29.43</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Times New Roman',serif;font-size:9.5pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$27.67</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Production cost per tonne (A&#47;F)</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$106.99</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$101.59</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$174.98</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$65.54</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$107.19</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1.5pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)   All production and costs shown in the table above are reported on an attributable basis to account for the Company's 70% ownership of the Los Gatos mine and includes production starting on January 16, 2025.</font></div><div style="padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">57</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.792%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.251%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.253%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(expressed in thousands of U.S. Dollars, except ounce and per  ounce amounts)</font></td><td colspan="18" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months ended June 30, 2025</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Los Gatos</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Santa Elena</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">San Dimas</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">La Encantada</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Jerritt Canyon</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Consolidated</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Mining cost</font></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$19,541&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$23,329&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$32,538&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$10,965&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$&#8212;&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$86,373&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Milling cost </font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,823&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">20,725&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">16,788&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,471&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">58,807&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Indirect cost </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,404&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,296&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">24,877&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,369&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">51,946&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total production cost (A)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$37,768</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$54,350</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$74,203</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$30,805</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$197,126</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; transportation and other selling cost</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,306&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">524&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">106&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">164&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">38&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,279&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; smelting and refining cost</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,040&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">200&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">594&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">257&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,101&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; environmental duty and royalties cost</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,468&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,373&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,344&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">574&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,767&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add&#58; change in inventory</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">876&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,878)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,425)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(64)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,491)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Total cash cost (B)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$47,458</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$60,569</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$74,822</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$31,736</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$56</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$214,782</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Workers&#8217; participation</font></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">592&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,649&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,914&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">114&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">18,287&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">General and administrative expenses</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">24,555&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,306&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Accretion of decommissioning liabilities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">309&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">647&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">699&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">604&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,259&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Sustaining capital expenditures</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,157&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,483&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,073&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,255&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">24,227&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Operating lease payments</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,547&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">1,089&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,187&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,480&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">All-In Sustaining Costs (C)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-top:2pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">14,919,437</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:2pt 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style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">N&#47;A</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">N&#47;A</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">&#8212;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" 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style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">1,948,177</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" 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0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Production cost per tonne (A&#47;F)</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$88.39</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$101.19</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(1)   All production and costs shown in the table above are reported on an attributable basis to account for the Company's 70% ownership of the Los Gatos mine and includes production starting on January 16, 2025.</font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="margin-top:3pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">58</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_103"></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Average Realized Silver Price per Silver Equivalent Ounce </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues are presented as the net sum of invoiced revenues related to delivered shipments of silver or gold dor&#233; bars, including associated metal by-products of lead and zinc after having deducted refining and smelting charges, and after elimination of intercompany shipments of silver, silver being minted into coins, ingots and bullion products. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The average realized silver price is a non-GAAP performance measure that allows management and investors to assess the Company&#8217;s ability to sell ounces produced, in conjunction with related GAAP amounts. Management calculates this measure by taking total revenue reported under GAAP and adding back smelting and refining charges to arrive at the gross reportable revenue for the period. Gross revenues are divided into payable silver equivalent ounces sold to calculate the average realized price per ounce of silver equivalents sold. The streaming and royalty agreements in place between the Company and Royal Gold (formerly Sandstorm Gold Ltd.) as well as Wheaton, impacts the total revenues reported on the financial statements given the reduced prices provided to these vendors in line with the terms of the agreements. Therefore, management adjusts revenue to exclude smelting and refining charges as well as revenues earned through agreements with these vendors. This provides management with a better picture regarding its ability to convert ounces produced to ounces sold and provides the investor with a clear picture of the price that the Company can currently sell the inventory for, excluding pre-arranged agreements. </font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.956%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Revenues as reported</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$415,499</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$508,171</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Add back&#58; smelting and refining charges</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,260)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">497&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,010&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,547&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Gross revenues</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$414,239</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">264,726</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">895,177</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">510,718</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Wheaton gold revenues</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(3,878)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(4,632)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(8,812)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(10,340)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Gross revenues, excluding Royal Gold, Wheaton (A)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline"> (1)</font></div></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$410,361</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$260,094</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$886,365</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$500,378</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Payable silver equivalent ounces sold</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">6,592,356&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">8,223,378&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,852,258&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">16,418,109&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Payable silver equivalent ounces sold to Wheaton</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(370,230)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(710,744)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(825,443)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,511,126)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Payable silver equivalent ounces sold, excluding Royal Gold and Wheaton (B)</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">6,222,126</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">7,512,634</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">12,026,815</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">14,906,983</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Average realized silver price per silver equivalent ounce (A&#47;B)</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$65.95</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$34.62</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$73.70</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$33.57</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Average market price per ounce of silver per COMEX</font></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$73.15&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$33.70&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$78.43&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$32.80&#160;</font></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:5pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> (1) There were no revenues associated with the streaming agreement with Royal Gold during the three and six months ended June&#160;30, 2026 (2025 - nil).</font></div><div style="margin-top:5pt"><font><br></font></div><div style="margin-top:5pt"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Average Realized Silver Price per Ounce </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues are presented as the net sum of invoiced revenues related to delivered shipments of silver or gold dor&#233; bars, including associated metal by-products of lead and zinc after having deducted refining and smelting charges, and after elimination of intercompany shipments of silver, silver being minted into coins, ingots and bullion products. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The average realized silver price is a non-GAAP performance measure that allows management and investors to assess the Company&#8217;s ability to sell ounces produced, in conjunction with related GAAP amounts. Management calculates this measure by taking total revenue reported under GAAP and adding back smelting and refining charges to arrive at the gross reportable revenue for the period. Gold, lead, zinc, and copper revenues are deducted from the reportable revenue for the period in order to arrive at the silver revenue for the period. Gross silver revenues are divided into silver ounces sold to calculate the average realized price per ounce of silver sold. The streaming and royalty agreements in place between the Company and Royal Gold as well as Wheaton, impacts the total revenues reported on the financial statements given the reduced prices provided to these vendors in line with the terms of the agreements. Therefore, management adjusts revenue to exclude smelting and refining charges as well as revenues earned through agreements with these vendors. This provides management with a better picture regarding its ability to convert ounces produced to ounces sold and provides the investor with a clear picture of the price that the Company can currently sell the inventory for, excluding pre-arranged agreements. </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">59</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.363%"><tr><td style="width:1.0%"></td><td style="width:48.521%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.549%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.549%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.456%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.556%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.459%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Gross revenues, excluding Royal Gold, Wheaton </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$410,363</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$260,094</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$886,365</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$500,378</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Gold Revenue, excluding Royal Gold, Wheaton </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(116,049)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(84,184)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(247,703)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(160,066)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Lead Revenue</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(14,484)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(10,741)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(19,941)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(10,741)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Zinc Revenue</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(29,692)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(20,953)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(52,152)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(20,953)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Copper Revenue</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,568)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(319)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,742)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(319)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Gross silver revenues (A)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$248,570</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$143,896</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$564,827</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$283,123</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Ounces of Silver sold (B)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">3,885,365</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">4,272,176</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">7,547,675</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">8,478,669</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Average realized silver price per ounce (A&#47;B)</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$63.98</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$33.68</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$74.83</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$33.39</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Average market price per ounce of silver</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$73.15&#160;</font></td><td style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$31.90&#160;</font></td><td style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$78.43&#160;</font></td><td style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$32.80&#160;</font></td><td style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> (1) There were no revenues associated with the streaming agreement with Royal Gold during the three and six months ended June&#160;30, 2026 (2025 - nil).</font></div><div style="margin-top:8pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Average Realized Gold Price per Ounce </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues are presented as the net sum of invoiced revenues related to delivered shipments of silver or gold dor&#233; bars, including associated metal by-products of lead and zinc after having deducted refining and smelting charges, and after elimination of intercompany shipments of silver, silver being minted into coins, ingots and bullion products. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The average realized gold price is a non-GAAP performance measure that allows management and investors to assess the Company&#8217;s ability to sell ounces produced, in conjunction with related GAAP amounts. Management calculates this measure by taking total revenue reported under GAAP and adding back smelting and refining charges to arrive at the gross reportable revenue for the period. Silver, lead, zinc, and copper revenues are deducted from the reportable revenue for the period in order to arrive at the gold revenue for the period. Gross gold revenues are divided into gold ounces sold to calculate the average realized price per ounce of gold sold. The streaming and royalty agreements in place between the Company and Royal Gold as well as Wheaton, impacts the total revenues reported on the financial statements given the reduced prices provided to these vendors in line with the terms of the agreements. Therefore, management adjusts revenue to exclude smelting and refining charges as well as revenues earned through agreements with these vendors. This provides management with a better picture regarding its ability to convert ounces produced to ounces sold and provides the investor with a clear picture of the price that the Company can currently sell the inventory for, excluding pre-arranged agreements. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.956%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Gross revenue, excluding Royal Gold, Wheaton </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:700;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$410,363</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$260,094</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$886,365</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$500,378</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Silver revenues</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(248,570)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(143,897)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(564,827)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(283,124)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Lead Revenue</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(14,484)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(10,741)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(19,941)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(19,681)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Zinc Revenue</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(29,692)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(20,953)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(52,152)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(36,658)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Copper Revenue</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,568)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(319)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,742)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(849)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Gross gold revenues, excluding Royal Gold, Wheaton (A)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$116,049</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$84,184</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$247,703</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$160,066</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Gold ounces sold</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">32,681&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">34,415&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">66,586&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">70,693&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Gold ounces sold to Wheaton</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(5,984)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(7,235)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(13,654)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(16,198)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Gold ounces sold, excluding Royal Gold and Wheaton (B)</font></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">26,697</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">27,180</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">52,932</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">54,495</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Average realized gold price per ounce (A&#47;B)</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4,347</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$3,097</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$4,680</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$2,937</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Average market price per ounce of gold</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$4,508&#160;</font></td><td style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$3,289&#160;</font></td><td style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$4,691&#160;</font></td><td style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$3,075&#160;</font></td><td style="background-color:#cfdbff;border-bottom:3pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> (1) There were no revenues associated with the streaming agreement with Royal Gold during the three and six months ended June&#160;30, 2026 (2025 - nil).</font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">60</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-top:5pt;text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Free Cash Flow</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Free cash flow is a non-GAAP liquidity measure which is determined based on operating cash flows less sustaining capital expenditures. Management uses free cash flow as a critical measure in the evaluation of liquidity in conjunction with related GAAP amounts. It also uses the measure when considering available cash, including for decision-making purposes related to dividends and discretionary investments. Further, it helps management, the Board of Directors and investors evaluate a Company&#8217;s ability to generate liquidity from operating activities. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.956%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Operating cash flows </font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$208,879</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$145,598</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Less&#58; Sustaining capital expenditures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.17pt;font-weight:400;line-height:100%;position:relative;top:-3.32pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">14,259&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">12,237&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" 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1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">Free cash flow</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$194,620</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt 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0;text-align:left;vertical-align:bottom"></td></tr></table><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) Sustaining capital expenditures are based on the attributable expenditures from Los Gatos relating to the Company's 70% ownership of the entity. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Adjusted Earnings per Share (&#8220;Adjusted EPS&#8221;)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses the financial measure &#8220;Adjusted EPS&#8221; which is a non-GAAP measure, to supplement earnings per share (GAAP) information in its consolidated financial statements. The Company believes that, in addition to conventional measures prepared in accordance with IFRS Accounting Standards, the Company and certain investors and analysts use this information to evaluate the Company&#8217;s performance. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management uses adjusted earnings per share as a critical measure of operating performance in conjunction with the related GAAP amounts. 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style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">61</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="margin-top:5pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.007%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.846%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.956%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Net earnings attributable to owners of the company as reported</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$109,433</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$52,548</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$237,531</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$54,812</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjustments for non-cash or unusual items&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Tax settlement </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,062&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,062&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reversal of impairment</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred income tax recovery</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(22,663)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(39,648)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(13,061)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(31,925)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain from investment in marketable securities</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,777)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,109)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(487)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,268)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,066&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,804&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,510&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,306&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition costs</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,584&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">One-time legal costs and success fees</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,874&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Abnormal costs </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(2)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,149&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,756&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,424&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,756&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restructuring costs </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,238&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,365&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Write-down of mineral inventory</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,874&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted net earnings  </font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$101,585</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$18,351</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$253,295</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$39,265</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Weighted average number of shares on issue - basic</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">493,335,474&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">485,086,253&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" 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1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EPS</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$0.21</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000;border-top:1pt solid 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0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) Tax settlement in 2026 is a one-time current tax expense relating to a historic tax dispute with the Mexican tax authority for FMP with respect to a forward silver purchase agreement, which has now been settled (Refer to Note 27 of the Financial Statements).</font></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Abnormal costs in 2026 relate to elevated maintenance costs for dewatering and following a rockfall on the main ramp at Los Gatos and labour disruptions at San Dimas, now resolved as a result of union negotiations. Abnormal costs in 2025 primarily relate to increased diesel consumption due to the use of back up energy sources following weather-events that disrupted operations and prevented the use of liquid natural gas at the end of June.</font></div><div style="margin-top:5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Earnings before interest, taxes, depreciation and amortization (&#8220;EBITDA&#8221;) and Adjusted EBITDA</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses the financial measures &#8220;EBITDA&#8221; and &#8220;Adjusted EBITDA&#8221; which are both non-GAAP measures, to supplement net earnings (GAAP) information in its consolidated financial statements. The Company believes that, in addition to conventional measures prepared in accordance with IFRS Accounting Standards, the Company and certain investors and analysts use this information to evaluate the Company&#8217;s performance. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management uses EBITDA and Adjusted EBITDA as a critical measure of operating performance in conjunction with the related GAAP amounts. EBITDA is profit before net finance expense, provision for income taxes, and depreciation and amortization. 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The presentation of EBITDA and Adjusted EBITDA is not meant to be a substitute for net earnings presented in accordance with IFRS Accounting Standards, but rather should be evaluated in conjunction with such IFRS Accounting Standards measure.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To calculate EBITDA, management adjusts from net earnings (GAAP) by adding back finances costs, depletion, depreciation and amortization, and income taxes. 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style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">62</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.858%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.995%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.956%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended June 30,</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Six Months Ended June 30,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2026</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font 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style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$62,819</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Add back&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Finance costs</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,592&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">7,798&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">18,955&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">14,761&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Depletion, depreciation and amortization</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">48,779&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">74,058&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">105,202&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">136,832&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax expense</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">68,067&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(18,561)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">161,570&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">119,874</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">559,106</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">218,661</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjustments for non-cash or unusual items&#58;</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reversal of impairment</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,923)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gain from investment in marketable securities</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(2,777)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,109)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(487)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(1,268)</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Share-based payments</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,066&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,804&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">10,510&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">9,306&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">One time legal costs and success fees</font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,874&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Abnormal costs </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</font></div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,149&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,756&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">4,424&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,756&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Restructuring costs </font></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">2,238&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">3,365&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#cfdbff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Acquisition costs</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">5,584&#160;</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Adjusted EBITDA</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$257,084</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$125,325</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$577,869</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$235,039</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1) Tax settlement in 2026 is a one-time current tax expense relating to a historic tax dispute with the Mexican tax authority for FMP with respect to a forward silver purchase agreement, which has now been settled (Refer to note 27 of the Financial Statements).</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2) Abnormal costs in 2026 relate to elevated maintenance costs for dewatering and following a rockfall on the main ramp at Los Gatos and labour disruptions at San Dimas, now resolved as a result of union negotiations. Abnormal costs in 2025 primarily relate to increased diesel consumption due to the use of back up energy sources following weather-events that disrupted operations and prevented the use of liquid natural gas at the end of June.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Working Capital and Available Liquidity</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Working capital is determined based on current assets and current liabilities as reported in the Company&#8217;s consolidated financial statements. The Company uses working capital as a measure of the Company&#8217;s short-term financial health and operating efficiency. Available liquidity includes the Company&#8217;s working capital and undrawn revolving credit facility. </font></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.608%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.312%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">June 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2025</font></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current Assets</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$1,434,628&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">$1,192,701&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less&#58; Current Liabilities</font></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(558,658)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">(459,139)</font></td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Working Capital</font></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font 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0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Available Undrawn Revolving Credit Facility</font></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">159,864&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:2pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">139,640&#160;</font></td><td style="background-color:#ffffff;border-top:2pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Available Liquidity</font></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$1,035,834</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:700;line-height:100%">$873,202</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">&#160;</font></td><td style="background-color:#cfdbff;border-bottom:2pt solid #000000;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;text-align:center"><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_106"></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:87.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.359%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">MANAGEMENT&#8217;S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING</font></td></tr></table></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Disclosure Controls and Procedures</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s management, with the participation of its Chief Executive Officer (&#8220;CEO&#8221;) and Chief Financial Officer (&#8220;CFO&#8221;), has evaluated the effectiveness of the Company&#8217;s disclosure controls and procedures. Based upon the results of that evaluation, the Company&#8217;s CEO and CFO have concluded that, as of June&#160;30, 2026, the Company&#8217;s disclosure controls and procedures were effective to provide reasonable assurance that the information required to be disclosed by the Company in reports it files is recorded, processed, summarized and reported, within the appropriate time periods and is accumulated and communicated to management, including the CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">63</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Internal Control over Financial Reporting</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s management, with the participation of its CEO and CFO, is responsible for establishing and maintaining adequate internal control over financial reporting as such term is defined in the rules of the United States Securities and Exchange Commission and the Canadian Securities Administrators. The Company&#8217;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with IFRS Accounting Standards as issued by the IASB. The Company&#8217;s internal control over financial reporting includes policies and procedures that&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:27pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.27pt">maintain records that accurately and fairly reflect, in reasonable detail, the transactions and dispositions of assets of the Company&#59;</font></div><div style="padding-left:27pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226; &#160;&#160;&#160;&#160;provide reasonable assurance that transactions are recorded as necessary for preparation of financial statements in accordance with IFRS Accounting Standards as issued by IASB&#59;</font></div><div style="padding-left:27pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.27pt">provide reasonable assurance that the Company&#8217;s receipts and expenditures are made only in accordance with authorizations of management and the Company&#8217;s Directors&#59; and</font></div><div style="padding-left:27pt;text-align:justify;text-indent:-11.25pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8226; provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company&#8217;s assets that could have a material effect on the Company&#8217;s consolidated financial statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s internal control over financial reporting may not prevent or detect all misstatements because of inherent limitations. Additionally, projections of any evaluation of effectiveness for future periods are subject to the risk that controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with the Company&#8217;s policies and procedures.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s management evaluated the effectiveness of our internal controls over financial reporting based upon the criteria set forth in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on management&#8217;s evaluation, our CEO and CFO concluded that our internal controls over financial reporting were effective as of June&#160;30, 2026. There have been no significant changes in our internal controls during the quarter ended June&#160;30, 2026 that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting. Refer to the &#34;Report of Independent Registered Public Accounting Firm&#34; section of the financial statements for the independent registered public accounting firm's attestation regarding the Company's internal control over financial reporting.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Limitations of Controls and Procedures</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s management, including the CEO and CFO, believe that any disclosure controls and procedures or internal control over financial reporting, no matter how well conceived and operated, may not prevent or detect all misstatements because of inherent limitations. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, they cannot provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been prevented or detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple errors or mistakes. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by unauthorized override of the control. The design of any control system also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Accordingly, because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.</font></div><div style="text-align:justify"><font><br></font></div><div id="ifd1a2c0a61b349939b7cecec2c2c3aa7_109"></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.703%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:68.097%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">CAUTIONARY STATEMENTS</font></td></tr></table></div><div><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Cautionary Note regarding Forward-Looking Statements</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Certain information contained in this MD&#38;A constitutes forward-looking statements under applicable securities laws (collectively, &#8220;forward-looking statements&#8221;). These statements relate to future events or the Company&#8217;s future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to&#58; commercial mining operations&#59; anticipated mineral recoveries&#59; projected quantities of future mineral production&#59; </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">64</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">statements with respect to the Company&#8217;s business strategy&#59; future planning processes&#59; redemption and&#47;or conversion of the Company&#8217;s securities&#59; interpretation of drill results and other technical data&#59; anticipated development, expansion, exploration activities and production rates and costs and mine plans and mine life&#59; assumptions used in determining the fair value of mining interests&#59; metal price assumptions and mining cost assumptions&#59; statements related to production outlook and cost guidance, including, but not limited to, estimates of silver equivalent production and annual cash costs&#59; statements relating to potential capital investments&#59; exploration efforts on the Navidad and Santo Ni&#241;o (as defined herein) systems at the Santa Elena property&#59; the expected benefits of the resumption of mining operations at the Santa Elena underground mine&#59; the expected timing and completion of throughput expansion initiatives at the Company&#8217;s operating mines&#59;  the security situation at the San Martin mine&#59; the estimated cost and timing of plant improvements at the Company&#8217;s operating mines and development of the Company&#8217;s development projects&#59; the expected completion, terms and proceeds of pending or announced dispositions of the Company&#8217;s properties, including the receipt of contingent or deferred consideration&#59; the timing of completion of exploration and drilling programs and the results thereof&#59; the restarting of operations or potential plans at the Company's temporarily suspended and&#47;or non-operating mines&#59; the estimated timing, cost and scope of the Jerritt Canyon restart plan&#59; future exploration activities at Jerritt Canyon and the costs thereof&#59; anticipated reclamation and decommissioning activities and associated costs&#59; conversion of mineral resources to proven and probable mineral reserves&#59; analyses and other information that are based on forecasts of future results&#59; estimates of amounts not yet determinable&#59; statements with respect to the Company&#8217;s future financial position including operating efficiencies, cash flow, capital budgets, credit risk, liquidity risk, costs and expenditures, cost savings, allocation of capital, the Company&#8217;s share price, and statements with respect to the recovery of value added tax receivables and the tax regime in Mexico&#59; the implementation and effect of cost reduction initiatives&#59; retention of contractors&#59; the realization of anticipated synergies following the completed integration of the Los Gatos mine&#59; the preparation of technical reports and completion of preliminary economic assessments&#59; viability of the Company&#8217;s projects&#59; potential metal recovery rates&#59; the Company&#8217;s obligations and expected deliveries under streaming agreements&#59; sales of bullion direct to customers&#59; timing and payment of dividends&#59; the operations of mines that are not wholly-owned or that are owned through joint arrangements&#59; the potential impact of tariffs imposed by governments&#59; the potential impact of amendments to or expiry of CUSMA&#59; the impact of amendments to accounting policies&#59; the adoption of new critical accounting judgements and estimates&#59; effectiveness of internal controls and procedures&#59; the validity of the APA between the SAT and PEM&#59; statements with respect to the recovery of value added tax receivables and the tax regime in Mexico&#59; the conduct, timing, or outcome of outstanding litigation, arbitration, regulatory proceedings, negotiations or proceedings under NAFTA or other claims and the compliance by counterparties with judgments or decisions&#59; the continued development and future operations of the Company&#8217;s minting facility&#59; the 2025 Share Repurchase Program (as defined herein)&#59; future regulatory trends, future market conditions, future staffing levels and needs and assessment of future opportunities of the Company&#59; the Company&#8217;s plans with respect to enforcement of certain judgments in favour of the Company and the likelihood of collection under those judgments&#59; the Company&#8217;s ability to comply with future legislation or regulations including amendments to Mexican mining legislation and the Company&#8217;s intent to comply with future regulatory and compliance matters&#59; expectations regarding the effects of potential public health crises on the Company's operations, the global economy and the market for the Company's products and securities&#59; and other statements identified as such in the documents incorporated by reference herein. All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as &#8220;seek&#8221;, &#8220;anticipate&#8221;, &#8220;plan&#8221;, &#8220;continue&#8221;, &#8220;estimate&#8221;, &#8220;expect&#8221;, &#8220;may&#8221;, &#8220;will&#8221;, &#8220;project&#8221;, &#8220;predict&#8221;, &#8220;forecast&#8221;, &#8220;potential&#8221;, &#8220;targeting&#8221;, &#8220;intend&#8221;, &#8220;could&#8221;, &#8220;might&#8221;, &#8220;should&#8221;, &#8220;believe&#8221; and similar expressions) are not statements of historical fact and may be &#8220;forward-looking statements&#8221;.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments at the dates the statements are made, and involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from those anticipated in such forward-looking statements. These forward-looking statements involve risks and uncertainties relating to, among other things, global economic conditions, including public health threats, the inherent risks involved in the mining, exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, changes in commodity prices and, particularly, silver and gold prices, changes in exchange rates, the possibility of project delays or cost overruns or unanticipated excessive operating costs and expenses, access to skilled mining development and mill production personnel, labour relations, costs of labour, results of exploration and development activities, accuracy of resource estimates, uncertainties related to the necessity of financing, the availability of and costs of financing needed in the future, uninsured risks, the adverse effects of violence and criminal activity around the Company&#8217;s projects and properties, defects in title, availability and costs of materials and equipment, inability to meet future financing needs on acceptable terms, conflicts with joint venture partners, climate change events including, but not limited to, drought conditions, flooding or freezing, changes in national or local governments, changes in applicable legislation or application thereof, timeliness of government approvals, actual performance of facilities, equipment, and processes relative to specifications and expectations and unanticipated environmental impacts on operations, risks related to the receipt of contingent or deferred consideration from property dispositions, availability of time on court calendars in Canada and elsewhere, the recognition of Canadian judgments under Mexican law, the possibility of settlement discussions, </font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">65</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div><hr style="page-break-after:always"><div style="min-height:45pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">the risk of appeal of judgment, the insufficiency of a defendant's assets to satisfy a judgment amount, and other factors described in the Company&#8217;s most recently filed AIF under the heading &#8220;Risk Factors&#8221;.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company believes that the expectations reflected in any such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this MD&#38;A should not be unduly relied upon. These statements speak only as of the date of this MD&#38;A. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. Actual results may differ materially from those expressed or implied by such forward-looking statements.</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Technical Information</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Scientific and technical information contained in this MD&#38;A has been reviewed and approved by Gonzalo Mercado, P. Geo., the Company&#8217;s Vice-President, Exploration &#38; Technical Services and a &#8220;Qualified Person&#8221; as defined under NI 43-101.  For more detailed information regarding the Company&#8217;s material mineral properties, please refer to the Company&#8217;s most recently filed AIF which is available under our SEDAR+ profile at</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.sedarplus.ca</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and on EDGAR as an exhibit to our most recently filed Form 40-F.</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Cautionary Note to United States Investors Concerning Estimates of Mineral Reserves and Resources</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This Management&#8217;s Discussion and Analysis has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ materially from the requirements of United States securities laws applicable to U.S. companies. Information concerning our mineral properties has been prepared in accordance with the requirements of Canadian securities laws, which differ in material respects from SEC requirements applicable to domestic United States issuers. Accordingly, the disclosure in this Management&#8217;s Discussion and Analysis regarding our mineral properties is not comparable to the disclosure of United States issuers subject to the SEC&#8217;s mining disclosure requirements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Additional Information</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additional information on the Company, including the Company&#8217;s most recently filed AIF and the Company&#8217;s audited consolidated financial statements for the year ended December&#160;31, 2025, is available under the Company&#8217;s profile on SEDAR+ at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.sedarplus.ca</font><font style="color:#00497f;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and on the Company&#8217;s website at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">www.firstmajestic.com</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</font></div><div><font><br></font></div><div style="height:45pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.895%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">First Majestic Silver Corp. 2026 Second Quarter Report</font></td><td colspan="3" style="border-top:2pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Page </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:100%">66</font></div></td></tr></table></div><div><font style="color:#808080;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">                                                                                   &#160;&#160;&#160;&#160;    &#160;&#160;&#160;&#160;  &#160;&#160;&#160;&#160;                                           </font></div></div></div></body></html>
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<title>Document</title></head><body><div id="i4e19b1636229499b9ce47540c1ec2240_1"></div><div style="min-height:54pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit - 99.3</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Form 52-109F2</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Certification of Interim Filings</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Full Certificate</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I, Keith Neumeyer, Chief Executive Officer of First Majestic Silver Corp., certify the following&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Review&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> I have reviewed the interim financial report and interim MD&#38;A (together, the &#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">interim filings</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) of First Majestic Silver Corp. (the &#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">issuer</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) for the interim period ended June&#160;30, 2026</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">No misrepresentations&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the interim filings.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Fair presentation&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Responsibility&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The issuer&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (DC&#38;P) and internal control over financial reporting (ICFR), as those terms are defined in National Instrument 52-109 </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Certification of Disclosure in Issuers&#8217; Annual and Interim filings,</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for the issuer.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Design&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer&#8217;s other certifying officer(s) and I have, as at the of the period covered by the interim filings&#58;</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:25.15pt">designed DC&#38;P, or caused it to be designed under our supervision, to provide reasonable assurance that</font></div><div style="padding-left:72pt;text-align:justify"><font><br></font></div><div style="padding-left:108pt;text-align:justify;text-indent:-44.35pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:36pt">material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared&#59; and</font></div><div style="padding-left:108pt;text-align:justify"><font><br></font></div><div style="padding-left:108pt;text-align:justify;text-indent:-46.64pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(ii)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:36pt">information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation&#59; and</font></div><div style="padding-left:108pt;text-align:justify"><font><br></font></div><div style="padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.69pt">designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer&#8217;s GAAP.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:23.36pt">Control framework&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The control framework the issuer&#8217;s other certifying officer(s) and I used to design the issuer&#8217;s ICFR is the 2013 </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Internal Control &#8211; Integrated Framework</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.2</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:23.36pt">N&#47;A.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.3&#160;&#160;&#160;&#160;N&#47;A.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Reporting changes in ICFR&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The issuer has disclosed in its interim MD&#38;A any change in the issuer&#8217;s ICFR that occurred during the period beginning on April 1, 2026 and ended on June&#160;30, 2026 that has materially affected, or is reasonably likely to materially affect, the issuer&#8217;s ICFR.</font></div><div style="text-align:center"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:4.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:62.298%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; </font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Keith Neumeyer</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Keith Neumeyer</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
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<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>ag-2026q2cfoxex994.htm
<DESCRIPTION>EX-99.4
<TEXT>
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<title>Document</title></head><body><div id="i488549c2a9fb4b5fb449e8cdb565c953_1"></div><div style="min-height:54pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit - 99.4</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Form 52-109F2</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Certification of Interim Filings</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Full Certificate</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I, Neil Beaumont, Chief Financial Officer of First Majestic Silver Corp., certify the following&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Review&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> I have reviewed the interim financial report and interim MD&#38;A (together, the &#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">interim filings</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) of First Majestic Silver Corp. (the &#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">issuer</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8221;) for the interim period ended June&#160;30, 2026</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">No misrepresentations&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the interim filings.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Fair presentation&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Responsibility&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The issuer&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (DC&#38;P) and internal control over financial reporting (ICFR), as those terms are defined in National Instrument 52-109 </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Certification of Disclosure in Issuers&#8217; Annual and Interim filings,</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for the issuer.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Design&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer&#8217;s other certifying officer(s) and I have, as at the of the period covered by the interim filings&#58;</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:25.15pt">designed DC&#38;P, or caused it to be designed under our supervision, to provide reasonable assurance that</font></div><div style="padding-left:72pt;text-align:justify"><font><br></font></div><div style="padding-left:108pt;text-align:justify;text-indent:-44.35pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:36pt">material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared&#59; and</font></div><div style="padding-left:108pt;text-align:justify"><font><br></font></div><div style="padding-left:108pt;text-align:justify;text-indent:-46.64pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(ii)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:36pt">information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation&#59; and</font></div><div style="padding-left:108pt;text-align:justify"><font><br></font></div><div style="padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:24.69pt">designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer&#8217;s GAAP.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:23.36pt">Control framework&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The control framework the issuer&#8217;s other certifying officer(s) and I used to design the issuer&#8217;s ICFR is the 2013 </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Internal Control &#8211; Integrated Framework</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.2</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:23.36pt">N&#47;A.</font></div><div style="text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.3&#160;&#160;&#160;&#160;N&#47;A.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:28.42pt">Reporting changes in ICFR&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The issuer has disclosed in its interim MD&#38;A any change in the issuer&#8217;s ICFR that occurred during the period beginning on April 1, 2026 and ended on June&#160;30, 2026 that has materially affected, or is reasonably likely to materially affect, the issuer&#8217;s ICFR.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-36pt"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:54pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:4.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:62.298%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; </font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">July 30, 2026</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Neil Beaumont</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Neil Beaumont</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div></body></html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>ag-2026q2financialnrxex995.htm
<DESCRIPTION>EX-99.5
<TEXT>
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<title>Document</title></head><body><div id="idb2f5f95d02048de8e93c27a665a87c3_1"></div><div style="min-height:48.19pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:6pt;margin-top:18pt;text-align:center"><img alt="fmlogoa41a.jpg" src="fmlogoa41a.jpg" style="height:194px;margin-bottom:5pt;vertical-align:text-bottom;width:285px"></div><div style="margin-top:20pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:18pt;font-weight:700;line-height:115%">NEWS RELEASE</font></div><div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">New York - AG</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">July 30, 2026</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Toronto - AG</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Frankfurt - FMV</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td></tr></table></div><div style="text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">First Majestic Announces Q2 2026 Financial Results</font></div><div style="margin-bottom:18pt;text-align:center"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">and Quarterly Dividend Payment</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Vancouver, BC, Canada - First Majestic Silver Corp. (NYSE&#58;AG)(TSX&#58;AG)(FSE&#58;FMV) (the </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:112%">&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Company</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:112%">&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> or &#8220;First Majestic&#8221;) is pleased to announce the Company&#8217;s unaudited condensed interim consolidated financial results for the second quarter ended June&#160;30, 2026. The full version of the quarterly financial statements and the accompanying management&#8217;s discussion and analysis can be viewed on the Company&#8217;s website at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline">www.firstmajestic.com</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> or under the Company&#8217;s profiles on SEDAR+ at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline">www.sedarplus.ca</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> and on EDGAR at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline">www.sec.gov&#47;edgar</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">. All amounts are in U.S. dollars unless stated otherwise.</font></div><div style="text-align:justify"><font><br></font></div><div id="idb2f5f95d02048de8e93c27a665a87c3_7"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">First Majestic reported steady improvements in production in the second quarter, with silver and gold production up 3% and 2%, respectively, compared to the same quarter last year. Revenues increased significantly, up 57% year-over-year to $415.5 million, driven by higher realized silver and gold prices, notwithstanding silver and gold bullion inventories increasing to $78.0 million. A continued focus on operational efficiency resulted in meaningful year-over-year margin expansion. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Net earnings</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.15pt;font-weight:400;line-height:112%;position:relative;top:-3.85pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> for the quarter</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.15pt;font-weight:400;line-height:112%;position:relative;top:-3.85pt;vertical-align:baseline"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">were $109.4 million while earnings per share (&#8220;EPS&#8221;) were $0.22. The Company generated $194.6 million in free cash flow in the quarter, after paying $46.8 million in cash income taxes, leading to a record $1,252.7 million in treasury.</font></div><div><font><br></font></div><div style="margin-bottom:12pt;margin-top:6pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">SECOND QUARTER HIGHLIGHTS</font></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Treasury Position ($315.0 million increase from December 31, 2025)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company ended the quarter with $1,252.7&#160;million in treasury, representing a 34% increase compared to $937.7&#160;million at the end of 2025. Cash in treasury includes $159.4 million held in restricted cash, compared to $144.3 million as at December 31, 2025.</font></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Cash Flow from Operations ($133.4 million increase Y&#47;Y)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Operating cash flow before changes in working capital and taxes in the quarter were $248.3 million or $0.50 per share, a 116% increase compared to $114.9 million or $0.24 per share in the second quarter of 2025.</font></div><div style="border-bottom:1pt solid #000000;margin-bottom:5pt;margin-top:10pt;opacity:1;width:150pt"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.15pt;font-weight:400;line-height:112%;position:relative;top:-3.85pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">References to &#8220;Net Earnings&#8221;, &#8220;Earnings per share&#8221;, and &#8220;EPS&#8221; refer to &#8220;Net Earnings attributable to Owners of the Company&#8221;, and &#8220;Earnings per common share attributable to owners of the Company&#8221;, which are net of non-controlling interests, specifically the remaining 30% of the Los Gatos JV not owned by the Company.</font></div><div style="height:56.69pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">1</font></div></div></div><hr style="page-break-after:always"><div style="min-height:48.19pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Free Cash Flow ($116.8 million increase Y&#47;Y)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company generated $194.6 million in free cash flow in the second quarter of 2026 after paying $46.8 million in cash income taxes, representing a significant increase compared to $77.9 million in free cash flow in Q2 2025.</font></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Revenue ($151.3 million increase Y&#47;Y)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company achieved quarterly revenue of $415.5 million (with 60% of revenue from silver), representing a 57% increase compared to $264.2 million in Q2 2025. </font></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Finished Goods Inventory&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company held 1,007,450 silver ounces and 4,730 gold ounces in finished goods inventory as at June 30, 2026, inclusive of coins and bullion, compared to 676,637 silver ounces and 2,732 gold ounces as at March 31, 2026. The fair market value of this inventory as at June 30, 2026 was $59.0 million for silver and $19.0 million for gold, which was not included in revenue during the quarter.</font></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Mine Operating Earnings ($174.3 million increase Y&#47;Y)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company achieved mine operating earnings of $223.6 million, a significant improvement compared to $49.4&#160;million in the second quarter of 2025, with earnings improvements across all mine sites. </font></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Earnings Before Income Tax, Depreciation and Amortization (&#8220;EBITDA&#8221;) ($132.5 million increase Y&#47;Y)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">EBITDA for the quarter was $252.3 million, a 110% increase compared to $119.9 million in Q2 2025.</font></div><div style="margin-bottom:8pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Net Earnings</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:7.15pt;font-weight:700;line-height:112%;position:relative;top:-3.85pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%"> ($56.9 million increase Y&#47;Y)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Net earnings for the quarter were $109.4 million (EPS of $0.22) compared to net earnings of $52.5 million (EPS of $0.11) in the second quarter of 2025. Adjusted net earnings were $101.6 million (adjusted EPS of $0.21), compared to adjusted net earnings of $18.4 million (adjusted EPS of $0.04) in the second quarter of 2025.</font></div><div style="padding-left:36pt;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Costs&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> Cash costs and All-in Sustaining Costs (&#8220;AISC&#8221;) per attributable payable AgEq ounce for the quarter were below guidance at $18.06 and $25.68, respectively.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">AISC Margin ($26.67 per ounce increase Y&#47;Y)&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> The Company generated AISC margin, being the difference between its silver equivalent realized price and AISC, of $40.27 per AgEq ounce, a significant improvement compared to an AISC margin of $13.60 per AgEq ounce during Q2 2025. This improvement was primarily driven by higher realized prices.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> </font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Second Quarter Dividend (217% increase Y&#47;Y)&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company declared a cash dividend of $0.0152 per common share for the second quarter of 2026, nearly four times higher than in the same period last year.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">&#8226;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%;padding-left:12.53pt">Purchased Common Shares</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">&#58; During the second quarter of 2026, the Company purchased and cancelled an aggregate of 1,200,000 common shares for US$22.7 million at an average price of CAD$26.18 per share pursuant to its current share repurchase program.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">OPERATIONAL AND FINANCIAL RESULTS</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The table below represents the Company&#8217;s consolidated second quarter operational and financial highlights for the three months ended June 30, 2026 and 2025. </font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.811%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.576%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.576%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.579%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Key Performance Metrics</font></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change <br>Q2'26 vs Q2'25</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Operational</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:700;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font></div></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Ore Processed &#47; Tonnes Milled</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,040,314&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,003,804&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Silver Ounces Produced</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,799,823&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,701,995&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Gold Ounces Produced</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,660&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">33,864&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash Costs per Silver Equivalent Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$18.06&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$15.08&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">AISC per Silver Equivalent Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$25.68&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$21.02&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total Production Cost per Tonne</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$107.16&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$104.45&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Average Realized Silver Price per Silver Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$63.98&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$33.68&#160;</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">90</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="height:56.69pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:48.19pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:3pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.811%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.576%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.576%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.579%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Key Performance Metrics</font></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2026-Q2</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2025-Q2</font></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Change <br>Q2'26 vs Q2'25</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Average Realized Gold Price per Gold Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$4,347&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$3,097&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial (in $millions)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Revenues</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$415.5&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b3b3b3;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$264.2&#160;</font></td><td style="border-top:1pt solid #b3b3b3;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Mine Operating Earnings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$223.6&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$49.4&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">353</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net Earnings before Non-Controlling Interest</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$125.9&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #b3b3b3;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$56.6&#160;</font></td><td style="border-top:1pt solid #b3b3b3;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">123</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Net Earnings Attributable to Owners of the Company</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$109.4&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$52.5&#160;</font></td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">108</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating Cash Flows before Non-Cash Working Capital and Taxes</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$248.3&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$114.9&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">116</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Capital Expenditures</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$65.1&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$56.0&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash and Cash Equivalents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$1,093.3&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$384.8&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">184</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%">Restricted Cash</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$159.4&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$125.3&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">27</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Working Capital</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$876.0&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$444.1&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">97</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">EBITDA</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$252.3&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$119.9&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">110</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted EBITDA</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$257.1&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$125.3&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">105</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Free Cash Flow</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$194.6&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$77.9&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">150</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Shareholders</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#cfdbff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">EPS &#8211; Basic &#38; Diluted</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$0.22&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$0.11&#160;</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</font></td><td style="border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Adjusted EPS</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$0.21&#160;</font></td><td style="background-color:#cfdbff;border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$0.04&#160;</font></td><td style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #dbdbdb;border-top:1pt solid #c0c0c0;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">455</font></td><td style="border-bottom:1pt solid #dbdbdb;border-top:1pt solid #c0c0c0;padding:1.5pt 1pt 1.5pt 0;text-align:left;vertical-align:bottom"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:11.94pt">Operational metrics calculated in the table above are reported on an attributable basis to account for the Company&#8217;s 70% ownership of the Los Gatos Joint Venture that owns the Los Gatos Silver Mine.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:11.94pt">The Company reports certain non-GAAP measures which include cash costs per AgEq ounce produced, cash costs per Au ounce produced, AISC per AgEq ounce produced, AISC per Au ounce produced, total production cost per tonne, average realized silver price per AgEq ounce sold, average realized Au price per ounce sold, average realized Ag price per ounce sold, working capital, adjusted EPS, EBITDA, adjusted EBITDA, and free cash flow. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under the Company&#8217;s financial reporting framework and the methods used by the Company to calculate such measures may differ from methods used by other companies with similar descriptions. See &#8220;Non-GAAP Financial Measures&#8221; at the end of this news release for further details of these measures. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The table below represents the quarterly operating and cost performance results at each of the Company&#8217;s four producing mines during the quarter.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.866%"><tr><td style="width:1.0%"></td><td style="width:38.988%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.586%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.586%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.586%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.586%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.068%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">Second Quarter Production Summary</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">Los Gatos </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:700;line-height:115%;position:relative;top:-3.15pt;vertical-align:baseline">(1)(3)</font></div></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">San Dimas</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">Santa Elena</font></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">La Encantada</font></td><td colspan="3" style="background-color:#cfdbff;padding:1.5pt 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">Consolidated</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Ore Processed &#47; Tonnes Milled</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">210,607&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">203,486&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">305,369&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">320,852&#160;</font></td><td style="border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">1,040,314</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Silver Ounces Produced</font></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">1,279,553&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">1,062,203&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">422,571&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">1,035,497&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">3,799,823</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Gold Ounces Produced</font></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">772&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">12,385&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">21,468&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #acacac;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">35&#160;</font></td><td style="border-top:1pt solid #acacac;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td><td colspan="2" style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">34,660</font><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">&#160;</font></td><td style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Cash Costs per Silver Equivalent Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:115%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$15.35</font></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$18.79</font></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$17.83</font></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$21.54</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">$18.06</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">AISC per Silver Equivalent Ounce</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:115%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$16.82</font></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$22.57</font></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$27.36</font></td><td colspan="3" style="border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$26.25</font></td><td colspan="3" style="background-color:#cfdbff;border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">$25.68</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #c0c0c0;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Total Production Cost per Tonne </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:5.85pt;font-weight:400;line-height:115%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font></div></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$106.05</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$180.74</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$101.95</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #acacac;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:115%">$66.20</font></td><td colspan="3" style="background-color:#cfdbff;border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:1.5pt 1pt;text-align:right;vertical-align:top"><font style="color:#001da9;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:115%">$107.16</font></td></tr></table></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:11.94pt">All production and non-GAAP results shown in the table above are reported on an attributable basis, meaning they reflect only the portion of results corresponding to the Company&#8217;s 70% ownership of the Los Gatos Joint Venture that owns the Los Gatos Silver Mine.</font></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">2.</font><font style="color:#222222;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:11.94pt">These measures do not have a standardized meaning under the Company&#8217;s financial reporting framework and the methods used by the Company to calculate these measures may differ from methods used by other companies with similar descriptions.</font></div><div style="margin-bottom:6pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:112%;padding-left:11.94pt">Base metal production at the Los Gatos Silver Mine include 16,484,603 lbs zinc, 9,023,177 lbs lead and 252,938 lbs copper (70% attributable basis).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">In the second quarter, the Company generated quarterly revenue of $415.5 million, representing a 57% increase compared to $264.2 million in the second quarter of 2025. The increase in revenues was driven by a 90% higher average realized silver price, and a 40% higher average realized gold price, when compared to the second quarter of 2025, resulting in total revenues increasing by $194.2 million. Realized prices were impacted by approximately </font></div><div style="height:56.69pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:48.19pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">$40 million in mark-to-market adjustments on open concentrate sales, resulting from lower commodity prices at quarter-end, compared to the preceding months. Revenue growth was also driven by 57% and 22% increases in silver ounces sold at La Encantada and Santa Elena, respectively, compared to the second quarter of 2025. Total revenue for the quarter excluded 1,007,450 oz of silver and 4,730 oz of gold that were held in inventory at the end of the quarter, with a fair value of $78.0 million.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company ended the second quarter with $1,252.7 million in cash and in treasury, representing a 34% increase compared to $937.7 million at the end of 2025. Cash in treasury includes $159.4 million that is held in restricted cash, compared to $144.3 million as at December 31, 2025. Working capital reached a record high of $876.0 million, excluding $159.4 million in restricted cash, representing a 19% increase compared to $733.6 million as at December 31, 2025. The overall liquidity, defined as working capital plus undrawn lines of credit, of the Company as at June 30, 2026 was $1,035.8 million compared to $873.2 million as at December 31, 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company achieved mine operating earnings of $223.6 million, a significant improvement compared to mine operating earnings of $49.4 million in the second quarter of 2025. This increase was largely driven by higher metal prices compared to the second quarter of 2025, and an increase of 57% and 22% of silver ounces sold at La Encantada and Santa Elena, respectively, compared to the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">EBITDA for the quarter was $252.3 million, representing a 110% increase compared to $119.9 million in the second quarter of 2025. The increase in EBITDA was primarily attributable to higher realized metal prices in the quarter compared to the second quarter of 2025.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Adjusted EBITDA normalized for non-cash or non-recurring items such as unrealized losses on marketable securities, share-based payments, restructuring costs, impairment reversal and abnormal maintenance costs at Los Gatos and San Dimas for the quarter was $257.1 million, representing a 105% increase compared to $125.3 million in the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Net earnings for the quarter were $109.4 million (EPS of $0.22), up 108% compared to $54.8 million (EPS of $0.11) in the second quarter of 2025. The increase in net earnings was primarily attributed to higher realized metal prices, and impacted by a one-time current tax expense of $10.1 million relating to a historic tax dispute with the Mexican tax authority for First Majestic Plata, S.A. de C.V. with respect to a forward silver purchase agreement, which has now been settled.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Adjusted net earnings, excluding non-cash or non-recurring items such as unrealized losses on marketable securities, share-based payments, tax settlements, restructuring costs, impairment reversal, abnormal maintenance costs at Los Gatos and San Dimas, and deferred income tax were $101.6 million (adjusted EPS of $0.21), compared to adjusted net earnings of $18.4 million (adjusted EPS of $0.04) in the second quarter of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company&#8217;s attributable capital expenditures in the second quarter were $60.1 million ($65.1 million on a 100% basis), representing a 7% increase compared to $56.0 million in total capital expenditures in the second quarter of 2025. Attributable capital expenditures consisted of $23.9 million in underground development (2025 - $15.2 million), $13.2 million in exploration (2025 - $17.8 million), and $18.7 million in property, plant and equipment (&#8220;PP&#38;E&#8221;) (2025 - $16.9 million). On a 100% basis, these amounts totaled $26.3 million in underground development, $14.5 million in exploration, and $20.0 million in PP&#38;E. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company produced 3.8 million silver ounces in Q2 2026, representing a 3% increase compared to 3.7 million silver ounces produced in Q2 2025. The increase was primarily driven by strong performances at La Encantada and Santa Elena. </font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Gold production was </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">34,660</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> ounces in </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Q2 2026</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">, a </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2%</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> increase compared to </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">33,864</font><font style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> gold ounces produced in Q2 2025, driven largely by strong production at Santa Elena.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Cash costs per attributable payable AgEq ounce for the quarter were $18.06, compared to $15.08 per AgEq ounce in the second quarter of 2025. In Q2 2026, the AgEq conversion ratio to gold was 75&#58;1, compared to 98&#58;1 in Q2 2025. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, reported cash costs per </font></div><div style="height:56.69pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:48.19pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">attributable AgEq ounce would have been $15.98, or 13% lower compared to current costs. AgEq ounces were also negatively impacted by temporary operational disruptions at Los Gatos following a rockfall event on the main ramp and labour disruptions at San Dimas, that are now resolved, which elevated cash costs per attributable AgEq ounce.</font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">In addition, cash costs were also impacted by the strengthening of the Mexican peso against the U.S. dollar, which on average was 11% stronger during the quarter, relative to the US dollar, compared to the second quarter of 2025.  Increases in contractor, haulage, maintenance, and reagent costs, driven by higher mining activity, and operational initiatives across the Company&#8217;s operations, also contributed to higher cash costs. Finally, higher metal prices contributed to higher royalty payments and production taxes. </font></div><div style="padding-left:36pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">AISC per attributable payable AgEq ounce in the second quarter was $25.68, compared to $21.02 per ounce in the second quarter of 2025. This increase was primarily driven by an increase in cash costs, as well as higher worker participation costs due to higher metal prices, along with increased mine development rates yielding higher sustaining development costs and PP&#38;E costs. Applying the same assumptions used to calculate AgEq ounces in Q2 2025, AISC per attributable AgEq ounce in Q2 2026 would have been $22.72, or 13% lower.</font></div><div style="height:56.69pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">5</font></div></div></div><div id="idb2f5f95d02048de8e93c27a665a87c3_13"></div><hr style="page-break-after:always"><div style="min-height:48.19pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:6pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">Q2 2026 DIVIDEND ANNOUNCEMENT</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company is pleased to announce that its Board of Directors has declared a cash dividend in the amount of $0.0152 per common share for the second quarter of 2026. The dividend will be paid on or about August 31, 2026, to holders of record of First Majestic&#8217;s common shares as of the close of business on August 14, 2026.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Under the Company&#8217;s new dividend policy, the quarterly dividend per common share is targeted to equal approximately 2% of the Company&#8217;s net quarterly revenues from January 1, 2026 onwards divided by the Company&#8217;s then outstanding common shares. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:112%;text-decoration:underline">Note&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:112%"> In the case of net revenues generated from the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), 70% of the net revenue from such mine, being the revenue that is attributable to the Company, is used for the purposes of the Company&#8217;s quarterly dividend calculation</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The amount and distribution dates of future dividends remain at the discretion of the Board of Directors. This dividend qualifies as an &#8220;eligible dividend&#8221; for Canadian income tax purposes. Dividends paid to shareholders outside Canada (non-resident investors) may be subject to Canadian non-resident withholding taxes.</font></div><div style="text-align:justify"><font><br></font></div><div id="idb2f5f95d02048de8e93c27a665a87c3_19"></div><div style="margin-bottom:12pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:112%">CONFERENCE CALL DETAILS</font><font style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:700;line-height:112%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company will host a conference call and webcast on </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">Thursday, July 30, 2026, at 8&#58;30 a.m. (PT) &#47; 11&#58;30 a.m. (ET)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> to provide investors and analysts with a business update, and to discuss the Company&#8217;s second quarter production and financial results and updated 2026 guidance.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">To participate in the conference call, please use the following dial-in numbers&#58;</font></div><div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:72.388%"><tr><td style="width:1.0%"></td><td style="width:47.675%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:50.125%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;text-indent:18pt;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Canada &#38; USA Toll-Free&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">+1-833-752-3407</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;text-indent:18pt;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Outside of Canada &#38; USA&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">+1-647-846-2866</font></td></tr></table></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Participants should dial-in at least 15 minutes prior to the start of the call to ensure placement in the conference on time.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The live webcast link of the call will be accessible directly at this link, Q2 2026 Results Conference Call, as well as on the First Majestic home page at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline">www.firstmajestic.com</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> through the &#8220;July 30, 2026 Webcast Link&#8221;. A webcast archive will be available approximately one hour after the end of the event and will be accessible for three months through the same link as the live event.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">A recording of the conference call will be available for telephone replay approximately one hour after the end of the event by calling&#58;</font></div><div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:72.388%"><tr><td style="width:1.0%"></td><td style="width:47.675%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:50.125%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;text-indent:18pt;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">USA &#38; Canada Toll-Free&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">+1-855-669-9658</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;text-indent:18pt;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Outside of Canada &#38; US&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">+1-412-317-0088</font></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;text-indent:18pt;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Access Code&#58;</font></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">9230786</font></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The telephone replay will be available for seven days following the end of the event.</font></div><div id="idb2f5f95d02048de8e93c27a665a87c3_22"></div><div style="margin-bottom:6pt;margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">ABOUT FIRST MAJESTIC</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico&#58; the Santa Elena Silver&#47;Gold Mine, the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the San Dimas Silver&#47;Gold Mine, and La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold Mine, which the Company is currently in the process of re-starting.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:59.53pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:48.19pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline">www.firstmint.com</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">, at some of the lowest premiums available.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">For further information, contact </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline">info&#64;firstmajestic.com</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">,</font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">visit our website at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%;text-decoration:underline">www.firstmajestic.com</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%"> or call our toll free number 1.866.529.2807.</font></div><div id="idb2f5f95d02048de8e93c27a665a87c3_25"></div><div style="margin-bottom:12pt;margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:112%">FIRST MAJESTIC SILVER CORP.</font></div><div style="margin-bottom:12pt;margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:112%">&#8220;signed&#8221;</font></div><div style="margin-bottom:12pt;margin-top:18pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Keith Neumeyer, CEO </font></div><div style="margin-bottom:12pt;margin-top:18pt;text-align:justify"><font><br></font></div><div style="height:59.53pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">7</font></div></div></div><div id="idb2f5f95d02048de8e93c27a665a87c3_28"></div><hr style="page-break-after:always"><div style="min-height:48.19pt;width:100%"><div style="margin-bottom:6pt;text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Non-GAAP Financial Measures</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">This news release includes reference to certain financial measures which are not standardized measures under the Company&#8217;s financial reporting framework. These measures include cash costs per silver equivalent ounce produced, all-in sustaining cost (or &#8220;AISC&#8221;) per silver equivalent ounce produced, cash costs per gold ounce produced, AISC per gold ounce produced, total production cost per tonne, average realized silver price per ounce sold, average realized gold price per ounce sold, working capital, adjusted net earnings and EPS, EBITDA, adjusted EBITDA, and free cash flow. The Company believes that these measures, together with measures determined in accordance with IFRS, provide investors with an improved ability to evaluate the underlying performance of the Company. These measures are widely used in the mining industry as a benchmark for performance but do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures disclosed by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For a complete description of how the Company calculates such measures and a reconciliation of certain measures to GAAP terms please see &#8220;Non-GAAP Measures&#8221; in the Company's most recent management discussion and analysis filed on SEDAR+ at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">www.sedarplus.ca</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> and EDGAR at</font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">www.sec.gov</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Cautionary Note Regarding Forward Looking Statements</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">This news release contains &#34;forward-looking information&#34; and &#34;forward-looking statements&#34; under applicable Canadian and U.S. securities laws (collectively, &#34;forward-looking statements&#34;). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements in this news release include, but are not limited to, statements with respect to&#58; the timing for the Company&#8217;s Q2 2026 dividend payment and the shareholder record and payable dates in connection with such dividend payment&#59; and anticipated future results. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward-looking statements. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered as and if the property is developed, and in the case of measured and indicated mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as &#34;seek&#34;, &#34;anticipate&#34;, &#34;plan&#34;, &#34;continue&#34;, &#34;estimate&#34;, &#34;expect&#34;, &#34;may&#34;, &#34;will&#34;, &#34;project&#34;, &#34;predict&#34;, &#34;forecast&#34;, &#34;potential&#34;, &#34;target&#34;, &#34;intend&#34;, &#34;could&#34;, &#34;might&#34;, &#34;should&#34;, &#34;believe&#34; and similar expressions) are not statements of historical fact and may be &#34;forward-looking statements&#34;.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to&#58; the duration and effects of the coronavirus and COVID-19, and any other pandemics on our operations and workforce, and the effects on global economies and society&#59; general economic conditions including inflation risks&#59; actual results of exploration activities&#59; conclusions of economic evaluations&#59; changes in project parameters as plans continue to be refined&#59; commodity prices&#59; variations in ore reserves, grade or recovery rates&#59; actual performance of plant, equipment or processes relative to specifications and expectations&#59; accidents&#59; labour relations&#59; relations with local communities&#59; changes in national or local governments&#59; changes in applicable legislation or application thereof&#59; delays in obtaining approvals or financing or in the completion of development or construction activities&#59; exchange rate fluctuations&#59; requirements for additional capital&#59; government regulation&#59; environmental risks&#59; reclamation expenses&#59; outcomes of pending litigation&#59; limitations on insurance coverage as well as those factors discussed in the section entitled &#8220;Risk Factors&#8221; in the Company's most recent Annual Information Form for the year ended December 31, 2025 filed with the Canadian securities regulatory authorities under the Company&#8217;s SEDAR+ profile at www.sedarplus.ca, and in the Company&#8217;s Annual Report on Form 40-F for the year ended December 31, 2025 filed with the United States Securities and Exchange Commission on EDGAR at </font><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">http&#58;&#47;&#47;www.sec.gov&#47;edgar</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">. Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.</font></div><div style="height:59.53pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:112%">8</font></div></div></div></body></html>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
