SCHEDULE: Van Eck Associates Corp Reports 8.84% Stake in First Majestic Silver

Van Eck Associates Corporation has filed an amendment to its Schedule 13G, reporting a beneficial ownership of 8.84% of First Majestic Silver Corp's common shares as of September 30, 2025.

Summary

• Van Eck Associates Corporation, a Delaware-based investment adviser, is the reporting person.
• The issuer is FIRST MAJESTIC SILVER CORP, with its principal executive offices in Vancouver, Canada.
• The filing is an Amendment No. 6 to Schedule 13G, concerning Common Shares (CUSIP No. 32076V103).
• As of September 30, 2025, Van Eck Associates Corporation beneficially owns 43,200,333 shares of First Majestic Silver Corp.
• This beneficial ownership represents 8.84% of the class of securities.
• Van Eck Associates Corporation holds sole voting power over 43,001,231 shares.
• Van Eck Associates Corporation holds sole dispositive power over 43,200,333 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of institutional ownership, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or prospects.

Positives

• Van Eck Associates Corp, a prominent investment adviser, maintains a significant 8.84% stake in First Majestic Silver Corp, indicating continued institutional confidence in the company.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from the issuer or the reporting person.

Industry Context

Van Eck Associates Corporation is a well-known asset manager with a significant presence in commodity and precious metals investments, often through ETFs and mutual funds. Their substantial, passive stake in a silver mining company like First Majestic Silver Corp aligns with their established investment strategies in the metals and mining sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can be viewed as a positive signal of investor confidence.

Key Dates

Keywords

First Majestic Silver Corp, Van Eck Associates Corp, Schedule 13G, Common Shares, Silver Mining, Institutional Ownership, Beneficial Ownership, Investment Adviser