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First Majestic Silver: Name And Address Of Company

The following excerpt is from the company's SEC filing.

FIRST MAJESTIC SILVER CORP. (the “Company”)

1805 – 925 West Georgia Street

Vancouver, BC V6C 3L2 CANADA

Telephone: (604) 688-3033

Facsimile: (604) 639-8873

Item 2.

Date of Material Change

Item 3.

News Release

The press release was disseminated through the services of Marketwired.

Item 4.

Summary of Material Change

The Company announced that total production in the first quarter of 2016 from its six operating silver mines reached a new record of 5.1 million silver equivalent ounces, representing a 30% i ncrease compared to the same quarter in 2015. Total production consisted of 3.1 million ounces of silver, 16,870 ounces of gold, 8.6 million pounds of lead and 4.0 million pounds of zinc.

Item 5.

Full Description of Material Change

5.1 Full Description of Material Change

See Schedule “A” attached hereto.

5.2 Disclosure for Restructuring Transactions

Not applicable.

Item 6.

Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

Item 7.

Omitted Information

Item 8.

Executive Officer

Keith Neumeyer, President & CEO

Telephone: (604) 688-3033 Facsimile: (604) 639-8873

Item 9.

Date of Report

FIRST MAJESTIC SILVER CORP.

Suite 1805 – 925 West Georgia Street

Vancouver, B.C., Canada V6C 3L2

Telephone: (604) 688-3033 Fax: (604) 639-8873

Toll Free: 1-866-529-2807

Web site: www.firstmajestic.com; E-mail: info@firstmajestic.com

NEWS RELEASE

NYSE - AG

TSX – FR

April 14, 2016

Frankfurt

Mexico – AG

First Majestic Produces a Record 5.1 Million Silver Eqv. Ounces in First Quarter

First Majestic Silver Corp. ("First Majestic" or the "Company") is pleased to announce that total production in the first quarter of 2016 from its six operating silver mines reached a new record of 5.1 million silver equivalent ounces, representing a 30% increase compared to the same quarter in 2015. Total production consisted of 3.1 million ounces of silver, 16,870 ounces of gold, 8.6 million pounds of lead and 4.0 million pounds of zinc.

“The Company’s strong performance in the first quarter is primarily due to higher production at the La Encantada and Santa Elena mines,” said Keith Neumeyer, President & CEO. “Over the past two quarters, our team has been diligently integrating Santa Elena’s previous operating systems into the First Majestic operating model and we are seeing increased production and improved efficiencies as a result. Also, at each operation we are achieving great strides due to initiatives put in place and implemented over the past two years.”

Production Details Table:

Ore processed/tonnes milled

789,591

631,609

883,377

Total production - ounces of silver equivalent

5,083,095

3,905,270

4,820,408

Total silver ounces produced

3,074,173

2,776,855

3,055,442

Silver grade (g/t)

Silver recovery (%)

Pounds of lead produced

8,637,429

11,286,880

9,040,601

Pounds of zinc produced

4,030,810

6,349,692

4,227,296

Gold ounces produced

14,534

Quarterly Operational Review:

Total ore processed during the quarter at the Company's six operating silver mines: Santa Elena, La Encantada, La Parrilla, Del Toro, San Martin and La Guitarra, amounted to 789,591 tonnes, reflecting an 11% decrease compared to the previous quarter. The decrease in tonnes was primarily due to reduced processing rates at La Encantada, due to mechanical issues; and lower throughputs at Del Toro to improve profitability.

Average silver grades in the quarter increased by 10% to 161 g/t compared to 146 g/t in the previous quarter. The increase in silver grades is primarily due to the improvement in accessing higher grade stopes at La Encantada. Combined silver recoveries averaged 75% during the quarter, a slight improvement compared to 74% in the previous quarter.

The Company's underground development in the first quarter consisted of 10,007 metres, reflecting an 8% increase compared to 9,261 metres completed in the previous quarter. The Company also completed 6,697 metres of diamond drilling in the quarter compared to 5,819 metres in the prior quarter, representing a 15% increase.

Mine by Mine Quarterly Production Table:

Ore Processed

Tonnes per Day

Silver Grade (g/t)

Silver Recovery %

Silver Oz Produced

Gold Oz Produced

Pounds of Lead

Pounds of Zinc

Equivalent Silver Ounces

Santa Elena

242,539

2,665

98

661,292

13,383

1,725,417

La Encantada

189,140

2,078

224

830,787

27

832,957

La Parrilla

151,916

1,669

144

575,969

223

3,767,247

4,030,810

1,001,359

Del Toro

86,869

955

143

311,400

97

4,870,181

578,556

San Martin

75,863

834

243

480,413

1,261

580,922

La Guitarra

43,265

475

189

214,312

1,878

363,884

789,591

8,677

161

3,074,173

16,870

8,637,429

5,083,095

*Certain

amounts

shown in this news release

may not

add exactly

total amount due to rounding differences

*The following prices were used in the calculation of silver equivalent ounces: Silver: $14.85 per ounce; Gold: $1,181 per...


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