First Majestic Announces Temporary Suspension of NAFTA Arbitration Proceedings as Settlement Framework Agreed to with Mexico

First Majestic agreed in principle to a framework with Mexico to settle its subsidiary PEM's legacy tax issue, and the NAFTA Chapter 11 arbitration tribunal has temporarily suspended proceedings until December 31, 2026. The company remains optimistic the settlement will be finalized by year-end 2026, with an option to extend the suspension into Q1 2027; failing that, arbitration can resume. A concluded settlement would resolve a multi-year dispute with Mexico that has hung over the company's Mexican mine portfolio.

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