(2) Vancouver, BC, Canada - First Majestic Silver Corp. ("First Majestic" or the "Company") is pleased to announce the Company's fourth quarter and full year 2020 production results, as well as production and cost guidance for 2021. The Company's fourth quarter and full year 2020 financial results are scheduled to be released on February 18, 2021. Q4 2020 HIGHLIGHTS - Total production reached 5.5 million silver equivalent ounces, representing a 5% increase over the prior quarter. - Silver production reached 3.5 million ounces, representing a 9% increase over the prior quarter and the Company's second highest quarterly silver production. - Gold production reached 26,343 ounces, representing a 2% increase from the prior quarter.