# First Majestic Announces Restart Plan for Jerritt Canyon Gold Mine Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/first-majestic-announces-restart-plan-for-jerritt-canyon-gold-mine--7efb8b1b-5101-402e-a389-a1eab4dbed52 Original source: https://money.tmx.com/en/quote/AG/news/8351288924591659/first-majestic-announces-restart-plan-for-jerritt-canyon-gold-mine Publisher: tmx Original announcement: 2026-04-02T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: First Majestic Silver Corp. - Ticker: AG - Exchange: TSX - Region: Nevada, USA - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Other - Extracted: 2026-09-13 11:06:50 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary First Majestic has announced a $75 million restart plan for the Jerritt Canyon Gold Mine in Nevada, targeting production in the second half of 2027. The plan includes a pre-feasibility study to be completed in Q4 2026 and a significant 2026 drilling program. The project is underpinned by a combined Measured, Indicated, and Inferred gold resource of 7.8 million ounces. Reasoning: The announcement of a $75M restart plan and a large 7.8 Moz gold resource for a permitted mine is highly material for a developer. - Positive factor: significant capital commitment for restart - Positive factor: large mineral resource base \(7.8 Moz total\) - Positive factor: advanced stage with existing infrastructure - Positive factor: pre-feasibility study underway - Negative factor: production restart is not until 2027 - Negative factor: project was previously in care and maintenance Facts used in scoring: 2 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is disclosed in compliance with NI 43-101 standards. Evidence · text > disclosed in compliance with National Instrument 43-101 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: David Rowe, CPG, is named as the Qualified Person responsible for the estimates. Evidence · text > supervised by, or was reviewed by, David Rowe, CPG... the "Qualified Person" ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/first-majestic-announces-restart-plan-for-jerritt-canyon-gold-mine--7efb8b1b-5101-402e-a389-a1eab4dbed52#fact-resource-facts-0) Jerritt Canyon · gold #### Identity - Project: Jerritt Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: AG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: David Rowe - Resource group id: resource:dc1ee00e1df84a539b8d - Deposit or zone: Jerritt Canyon - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Contained Metal: 4.1 - Contained Unit: moz - Cutoff Grade: 0.43 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-02T00:00:00.000Z Reasoning: High confidence M&I resource component of the total endowment. - Positive factor: large contained metal Evidence · text > Measured and Indicated Mineral Resources are estimated to total 4.1 million ounces of gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/first-majestic-announces-restart-plan-for-jerritt-canyon-gold-mine--7efb8b1b-5101-402e-a389-a1eab4dbed52#fact-resource-facts-1) Jerritt Canyon · gold #### Identity - Project: Jerritt Canyon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: AG #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: David Rowe - Resource group id: resource:654a8ce3aa4ab4ef4948 - Deposit or zone: Jerritt Canyon - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Contained Metal: 3.7 - Contained Unit: moz - Cutoff Grade: 0.43 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2025-12-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-02T00:00:00.000Z Reasoning: Large inferred component adds to total scale but carries higher geological risk. - Positive factor: significant additional resource - Negative factor: speculative category Evidence · text > additional 3.7 million gold ounces classified as Inferred Mineral Resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.