[SCHEDULE 13G/A] FIRST MAJESTIC SILVER CORP SEC Filing
Electrum-affiliated entities disclosed passive stakes in First Majestic Silver Corp., reporting specific share counts, voting power and percent ownership based on 487,254,107 common shares outstanding as of June 30, 2025. The filing lists separate holdings: Electrum Silver US LLC directly holds 15,815,706 shares (3.2%) with 0 sole and 15,815,706 shared voting/dispositive power. A group of related Electrum entities (including Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. and The Electrum Group LLC) report beneficial ownership of 25,911,248 shares (5.3%) with shared voting/dispositive power and no sole power. Electrum Silver US II LLC and related fund entities report 10,095,542 shares (2.1%). The Reporting Persons state their holdings are not for the purpose of changing or influencing control and disclaim beneficial ownership except to the extent of pecuniary interest. The filing also discloses a joint filing agreement among the Reporting Persons and provides the issuer鈥檚 principal office address.
Entit脿 affiliate a Electrum hanno comunicato partecipazioni passive in First Majestic Silver Corp., indicando il numero di azioni, il potere di voto e la percentuale di possesso sulla base di 487,254,107 azioni ordinarie in circolazione al 30 giugno 2025. La comunicazione elenca partecipazioni separate: Electrum Silver US LLC detiene direttamente 15,815,706 azioni (3,2%) con nessun potere esclusivo e 15,815,706 di potere di voto/dispositivo condiviso. Un gruppo di entit脿 correlate a Electrum (tra cui Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. e The Electrum Group LLC) dichiara una partecipazione beneficiaria di 25,911,248 azioni (5,3%) con potere di voto/dispositivo condiviso e senza potere esclusivo. Electrum Silver US II LLC e fondi correlati riportano 10,095,542 azioni (2,1%). I soggetti dichiaranti affermano che le loro partecipazioni non hanno lo scopo di modificare o influenzare il controllo e rinunciano alla qualifica di proprietario beneficiario salvo nei limiti di un interesse pecuniario. La comunicazione indica inoltre un accordo di deposito congiunto tra i soggetti dichiaranti e fornisce l'indirizzo della sede principale dell'emittente.
Entidades vinculadas a Electrum divulgaron participaciones pasivas en First Majestic Silver Corp., informando el n煤mero de acciones, el poder de voto y el porcentaje de propiedad con base en 487,254,107 acciones ordinarias en circulaci贸n al 30 de junio de 2025. El informe detalla participaciones separadas: Electrum Silver US LLC posee directamente 15,815,706 acciones (3.2%) con ning煤n poder exclusivo y 15,815,706 de poder de voto/dispositivo compartido. Un grupo de entidades relacionadas con Electrum (incluidas Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. y The Electrum Group LLC) declara una propiedad beneficiaria de 25,911,248 acciones (5.3%) con poder de voto/dispositivo compartido y sin poder exclusivo. Electrum Silver US II LLC y fondos relacionados informan 10,095,542 acciones (2.1%). Los Sujetos Informantes afirman que sus participaciones no tienen la finalidad de cambiar o influir en el control y renuncian a la titularidad beneficiaria salvo en la medida de un inter茅s pecuniario. El expediente tambi茅n revela un acuerdo de presentaci贸n conjunta entre los Sujetos Informantes y proporciona la direcci贸n de la oficina principal del emisor.
Electrum 瓿勳棿 旮瓣磤霌れ潃 First Majestic Silver Corp.鞐� 雽�頃� 靾橂彊鞝� 歆�攵勳潉 瓿奠嫓頄堨溂氅�, 2025雲� 6鞗� 30鞚� 旮办 齑� 487,254,107欤检潣 氤错喌欤� 氚滍枆欤检嫕鞚� 旮办鞙茧 甑泊鞝侅澑 欤检嫕 靾�, 鞚橁舶甓� 氚� 靻岇湢 牍勳湪鞚� 氤搓碃頄堨姷雼堧嫟. 瓿奠嫓電� 臧滊硠 氤挫湢 雮挫棴鞚� 雮橃棿頃╇媹雼�: Electrum Silver US LLC電� 歆侅爲鞝侅溂搿� 15,815,706欤� (3.2%)毳� 氤挫湢頃橁碃 鞛堨溂氅� 雼弲 甓岉暅 鞐嗢潓瓿� 15,815,706欤检潣 瓿惦彊 鞚橁舶/觳橂秳 甓岉暅鞚� 臧�歆�瓿� 鞛堨姷雼堧嫟. Electrum鞚� 甏�霠� 氩曥澑 攴鸽９(鞓�: Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd., The Electrum Group LLC 韽暔)鞚� 25,911,248欤� (5.3%)鞚� 鞁れ鞝� 靻岇湢甓岇潉 氤搓碃頃橂┌ 瓿惦彊 鞚橁舶/觳橂秳 甓岉暅毵岇潉 氤挫湢頃橁碃 雼弲 甓岉暅鞚� 鞐嗢姷雼堧嫟. Electrum Silver US II LLC 氚� 甏�霠� 韼�霌滊摛鞚� 10,095,542欤� (2.1%)毳� 氤搓碃頄堨姷雼堧嫟. 氤搓碃 雼轨偓鞛愲摛鞚� 鞚� 氤挫湢臧� 歆�氚瓣秾 氤�瓴届澊雮� 鞓來枼 氇╈爜鞙茧 鞚措（鞏挫 瓴冹澊 鞎勲媹霛缄碃 歆勳垹頃橂┌ 旮堨爠鞝� 鞚挫澋鞚� 氩旍渼 雮挫棎靹滊 鞁れ鞝� 靻岇湢甓岇潉 鞚胳爼頃滊嫟瓿� 氚濏様鞀惦媹雼�. 瓿奠嫓鞐愲姅 霕愴暅 氤搓碃 雼轨偓鞛愲摛 臧勳潣 瓿惦彊 鞝滌稖 頃╈潣靹滌檧 氚滍枆鞚胳潣 氤胳偓 欤检唽霃� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Des entit茅s affili茅es 脿 Electrum ont divulgu茅 des participations passives dans First Majestic Silver Corp., indiquant le nombre d'actions, le pouvoir de vote et le pourcentage de d茅tention sur la base de 487,254,107 actions ordinaires en circulation au 30 juin 2025. Le d茅p么t 茅num猫re des participations s茅par茅es : Electrum Silver US LLC d茅tient directement 15,815,706 actions (3,2%) avec aucun pouvoir exclusif et 15,815,706 de pouvoir de vote/de disposition partag茅. Un groupe d'entit茅s li茅es 脿 Electrum (y compris Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. et The Electrum Group LLC) d茅clare une propri茅t茅 b茅n茅ficiaire de 25,911,248 actions (5,3%) avec pouvoir de vote/de disposition partag茅 et sans pouvoir exclusif. Electrum Silver US II LLC et des fonds apparent茅s d茅clarent 10,095,542 actions (2,1%). Les personnes d茅clarantes indiquent que leurs participations n'ont pas pour but de modifier ou d'influencer le contr么le et d茅clinent la qualit茅 de propri茅taire b茅n茅ficiaire sauf dans la mesure d'un int茅r锚t p茅cuniaire. Le d茅p么t r茅v猫le 茅galement un accord de d茅p么t conjoint entre les personnes d茅clarantes et fournit l'adresse du si猫ge principal de l'茅metteur.
Electrum-nahe Einheiten meldeten passive Beteiligungen an First Majestic Silver Corp. und gaben die konkreten Aktienzahlen, Stimmrechte und Eigentumsanteile auf Basis von 487,254,107 ausstehenden Stammaktien zum 30. Juni 2025 an. Die Einreichung listet getrennte Best盲nde auf: Electrum Silver US LLC h盲lt direkt 15,815,706 Aktien (3,2%) mit keiner Alleinverf眉gungsgewalt und 15,815,706 gemeinsamer Stimm- und Verf眉gungsgewalt. Eine Gruppe verbundener Electrum-Einheiten (darunter Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. und The Electrum Group LLC) meldet wirtschaftliches Eigentum an 25,911,248 Aktien (5,3%) mit gemeinsamer Stimm- und Verf眉gungsgewalt und ohne Alleinverf眉gungsgewalt. Electrum Silver US II LLC und zugeh枚rige Fonds melden 10,095,542 Aktien (2,1%). Die meldenden Personen geben an, dass ihre Beteiligungen nicht zum Zweck einer 脛nderung oder Beeinflussung der Kontrolle gehalten werden und weisen die wirtschaftliche Eigent眉merschaft nur im Umfang eines pecuni盲ren Interesses zur眉ck. Die Einreichung offenbart au脽erdem eine gemeinsame Einreichungsvereinbarung zwischen den meldenden Personen und enth盲lt die Anschrift des Hauptsitzes des Emittenten.
- Material passive stake disclosed: Electrum-affiliated entities report 25,911,248 shares (5.3%), crossing the 5% reporting threshold.
- Detailed ownership breakdown: The filing lists per-entity share counts and identifies shared voting and dispositive power while showing 0 sole voting/dispositive power for each reporting person.
- Basis for percentages provided: Percentages are calculated on an explicit total of 487,254,107 common shares outstanding, giving transparent context.
- Expressed passive intent: Item 10 certifies the securities were not acquired to change or influence control, consistent with a Schedule 13G filing.
- None.
Insights
TL;DR: Electrum entities hold a material passive stake in First Majestic (5.3% via related entities) with clear shared voting/dispositive power.
The Schedule 13G shows a substantive passive position: 25,911,248 shares (5.3%) held through related entities and an additional 15,815,706 shares (3.2%) held by a separate Electrum vehicle. The report clarifies that sole voting and dispositive power are zero and that voting/dispositive power is shared, which signals coordinated ownership without direct sole-control rights. Percentages are calculated on a disclosed base of 487,254,107 outstanding shares. For investors, this is material disclosure of concentrated passive ownership but not an explicit control or activist intent, given the Item 10 certification of non-control purpose.
TL;DR: Electrum鈥檚 disclosure is comprehensive and complies with passive-investor Schedule 13G requirements, while preserving disclaimers about group status.
The filing provides a clear ownership ladder showing managers, general partners and fund entities that may be deemed to beneficially own the shares held by underlying vehicles. It also includes explicit disclaimers that the Reporting Persons disavow beneficial ownership beyond pecuniary interest and that they are not acting as a group beyond the joint filing arrangement. From a governance perspective, the presence of shared voting/dispositive power combined with a >5% position warrants monitoring of any future Schedule 13D or amendments that would indicate active engagement. As filed, the disclosure signals passive accumulation with transparent attribution across related entities.
Entit脿 affiliate a Electrum hanno comunicato partecipazioni passive in First Majestic Silver Corp., indicando il numero di azioni, il potere di voto e la percentuale di possesso sulla base di 487,254,107 azioni ordinarie in circolazione al 30 giugno 2025. La comunicazione elenca partecipazioni separate: Electrum Silver US LLC detiene direttamente 15,815,706 azioni (3,2%) con nessun potere esclusivo e 15,815,706 di potere di voto/dispositivo condiviso. Un gruppo di entit脿 correlate a Electrum (tra cui Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. e The Electrum Group LLC) dichiara una partecipazione beneficiaria di 25,911,248 azioni (5,3%) con potere di voto/dispositivo condiviso e senza potere esclusivo. Electrum Silver US II LLC e fondi correlati riportano 10,095,542 azioni (2,1%). I soggetti dichiaranti affermano che le loro partecipazioni non hanno lo scopo di modificare o influenzare il controllo e rinunciano alla qualifica di proprietario beneficiario salvo nei limiti di un interesse pecuniario. La comunicazione indica inoltre un accordo di deposito congiunto tra i soggetti dichiaranti e fornisce l'indirizzo della sede principale dell'emittente.
Entidades vinculadas a Electrum divulgaron participaciones pasivas en First Majestic Silver Corp., informando el n煤mero de acciones, el poder de voto y el porcentaje de propiedad con base en 487,254,107 acciones ordinarias en circulaci贸n al 30 de junio de 2025. El informe detalla participaciones separadas: Electrum Silver US LLC posee directamente 15,815,706 acciones (3.2%) con ning煤n poder exclusivo y 15,815,706 de poder de voto/dispositivo compartido. Un grupo de entidades relacionadas con Electrum (incluidas Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. y The Electrum Group LLC) declara una propiedad beneficiaria de 25,911,248 acciones (5.3%) con poder de voto/dispositivo compartido y sin poder exclusivo. Electrum Silver US II LLC y fondos relacionados informan 10,095,542 acciones (2.1%). Los Sujetos Informantes afirman que sus participaciones no tienen la finalidad de cambiar o influir en el control y renuncian a la titularidad beneficiaria salvo en la medida de un inter茅s pecuniario. El expediente tambi茅n revela un acuerdo de presentaci贸n conjunta entre los Sujetos Informantes y proporciona la direcci贸n de la oficina principal del emisor.
Electrum 瓿勳棿 旮瓣磤霌れ潃 First Majestic Silver Corp.鞐� 雽�頃� 靾橂彊鞝� 歆�攵勳潉 瓿奠嫓頄堨溂氅�, 2025雲� 6鞗� 30鞚� 旮办 齑� 487,254,107欤检潣 氤错喌欤� 氚滍枆欤检嫕鞚� 旮办鞙茧 甑泊鞝侅澑 欤检嫕 靾�, 鞚橁舶甓� 氚� 靻岇湢 牍勳湪鞚� 氤搓碃頄堨姷雼堧嫟. 瓿奠嫓電� 臧滊硠 氤挫湢 雮挫棴鞚� 雮橃棿頃╇媹雼�: Electrum Silver US LLC電� 歆侅爲鞝侅溂搿� 15,815,706欤� (3.2%)毳� 氤挫湢頃橁碃 鞛堨溂氅� 雼弲 甓岉暅 鞐嗢潓瓿� 15,815,706欤检潣 瓿惦彊 鞚橁舶/觳橂秳 甓岉暅鞚� 臧�歆�瓿� 鞛堨姷雼堧嫟. Electrum鞚� 甏�霠� 氩曥澑 攴鸽９(鞓�: Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd., The Electrum Group LLC 韽暔)鞚� 25,911,248欤� (5.3%)鞚� 鞁れ鞝� 靻岇湢甓岇潉 氤搓碃頃橂┌ 瓿惦彊 鞚橁舶/觳橂秳 甓岉暅毵岇潉 氤挫湢頃橁碃 雼弲 甓岉暅鞚� 鞐嗢姷雼堧嫟. Electrum Silver US II LLC 氚� 甏�霠� 韼�霌滊摛鞚� 10,095,542欤� (2.1%)毳� 氤搓碃頄堨姷雼堧嫟. 氤搓碃 雼轨偓鞛愲摛鞚� 鞚� 氤挫湢臧� 歆�氚瓣秾 氤�瓴届澊雮� 鞓來枼 氇╈爜鞙茧 鞚措（鞏挫 瓴冹澊 鞎勲媹霛缄碃 歆勳垹頃橂┌ 旮堨爠鞝� 鞚挫澋鞚� 氩旍渼 雮挫棎靹滊 鞁れ鞝� 靻岇湢甓岇潉 鞚胳爼頃滊嫟瓿� 氚濏様鞀惦媹雼�. 瓿奠嫓鞐愲姅 霕愴暅 氤搓碃 雼轨偓鞛愲摛 臧勳潣 瓿惦彊 鞝滌稖 頃╈潣靹滌檧 氚滍枆鞚胳潣 氤胳偓 欤检唽霃� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Des entit茅s affili茅es 脿 Electrum ont divulgu茅 des participations passives dans First Majestic Silver Corp., indiquant le nombre d'actions, le pouvoir de vote et le pourcentage de d茅tention sur la base de 487,254,107 actions ordinaires en circulation au 30 juin 2025. Le d茅p么t 茅num猫re des participations s茅par茅es : Electrum Silver US LLC d茅tient directement 15,815,706 actions (3,2%) avec aucun pouvoir exclusif et 15,815,706 de pouvoir de vote/de disposition partag茅. Un groupe d'entit茅s li茅es 脿 Electrum (y compris Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. et The Electrum Group LLC) d茅clare une propri茅t茅 b茅n茅ficiaire de 25,911,248 actions (5,3%) avec pouvoir de vote/de disposition partag茅 et sans pouvoir exclusif. Electrum Silver US II LLC et des fonds apparent茅s d茅clarent 10,095,542 actions (2,1%). Les personnes d茅clarantes indiquent que leurs participations n'ont pas pour but de modifier ou d'influencer le contr么le et d茅clinent la qualit茅 de propri茅taire b茅n茅ficiaire sauf dans la mesure d'un int茅r锚t p茅cuniaire. Le d茅p么t r茅v猫le 茅galement un accord de d茅p么t conjoint entre les personnes d茅clarantes et fournit l'adresse du si猫ge principal de l'茅metteur.
Electrum-nahe Einheiten meldeten passive Beteiligungen an First Majestic Silver Corp. und gaben die konkreten Aktienzahlen, Stimmrechte und Eigentumsanteile auf Basis von 487,254,107 ausstehenden Stammaktien zum 30. Juni 2025 an. Die Einreichung listet getrennte Best盲nde auf: Electrum Silver US LLC h盲lt direkt 15,815,706 Aktien (3,2%) mit keiner Alleinverf眉gungsgewalt und 15,815,706 gemeinsamer Stimm- und Verf眉gungsgewalt. Eine Gruppe verbundener Electrum-Einheiten (darunter Electrum Strategic Management LLC, Electrum Global Holdings L.P., TEG Global GP Ltd. und The Electrum Group LLC) meldet wirtschaftliches Eigentum an 25,911,248 Aktien (5,3%) mit gemeinsamer Stimm- und Verf眉gungsgewalt und ohne Alleinverf眉gungsgewalt. Electrum Silver US II LLC und zugeh枚rige Fonds melden 10,095,542 Aktien (2,1%). Die meldenden Personen geben an, dass ihre Beteiligungen nicht zum Zweck einer 脛nderung oder Beeinflussung der Kontrolle gehalten werden und weisen die wirtschaftliche Eigent眉merschaft nur im Umfang eines pecuni盲ren Interesses zur眉ck. Die Einreichung offenbart au脽erdem eine gemeinsame Einreichungsvereinbarung zwischen den meldenden Personen und enth盲lt die Anschrift des Hauptsitzes des Emittenten.
FAQ
How many First Majestic (AG) shares does Electrum Strategic Management LLC report owning?
What stake does Electrum Silver US LLC hold in First Majestic (AG)?
Does any Electrum reporting person have sole voting or dispositive power over First Majestic (AG) shares?
What is the ownership reported for Electrum Silver US II LLC and related funds?
On what share count are the percentages based?
Does the filing indicate Electrum intends to influence control of First Majestic (AG)?
