Silver Price: $23.03
NYSE: AG $9.54
TSX: FR $12.85
Frankfurt: FMV €9.11


The Del Toro Silver Mine is 100% owned by First Majestic Silver Corp. Initial production at Del Toro's flotation circuit commenced in the first quarter of 2013, making it First Majestic's fifth producing silver mine. By the fourth quarter of 2013, the cyanidation circuit was successfully commissioned allowing for the production of silver doré bars. Current mining operations consist of production from four different underground areas (San Juan, Perseverancia, San Nicolas and Dolores).

First Majestic currently holds 70 mining concessions covering 2,159 hectares of land around the Del Toro Silver Mine and surrounding area.

In January 2020, the Company temporarily suspended mining and milling operations at the Del Toro mine in order to improve overall operating cash flows and profit margins.









Measured & Indicated

7.6M ageq oz


11.2M ageq oz


The Del Toro Silver Mine is located in the Municipality of Chalchihuites, Zacatecas, Mexico. The site is just 60 km southeast of the Company's La Parrilla Silver Mine and will benefit from the local infrastructures (electricity, water and telephones) that are presently available in the area. Basic facilities including restaurants, hotels and gas stations can also be found in Chalchihuites, while major services including banks, repair shops, etc. can be found in Vicente Guerrero town and in Sombrerete town, both located just 50 km away. Access to the property is easily achieved due to the close proximity of Interstate 45 and the state roads which connect the Chalchihuites town to most of the mining claims.

Operating Highlights

Del Toro Production Results 2018 2017 2016 2015
Ore Processed/Tonnes Milled 267,170 278,204 337,020 555,564
Average Silver Grade (g/tonne) 132 158 171 172
Recovery (%) 69% 80% 81% 74%
Total Silver Ounces Produced 785,154 1,124,992 1,500,951 2,261,633
Gold Ounces Produced 288 337 344 413
Pounds of Lead Produced 9,584,836 17,978,058 22,537,583 29,707,660
Total Production - Ounces Silver Equivalent 1,432,312 2,237,730 2,649,326 3,824,241
Underground Development (m) 11,493 11,663 7,659 6,050
Diamond Drilling (m) 21,305 19,555 14,839 9,470

Del Toro is located in the Chalchihuites silver mining district in the north-western part of Mexico, at the border zone between the physiographic provinces of Sierra Madre Occidental and Mesa Central. The mineralization at Del Toro occurs as an assemblage of metasomatic and hydrothermal mineral deposits with high-grade silver content including veins, replacement concentrations, stockworks and breccia zones.


Exploration at Del Toro has been primarily focused on the investigation of two areas: the San Juan and Perseverancia areas within the projects holdings. Both the San Juan and Perseverancia were historic mines; the Perseverancia was mined for high grade silver rich sulphide ore and the San Juan is believed to be the oldest mine in the district, possibly dating back 500 years.

More recently, the San Nicolas and Dolores areas have also been receiving attention. The San Nicolas and Dolores are two new areas of interest that are currently being defined by drilling. They consist of breccia chimney and vein deposits. Preliminary investigations for these two areas include underground development for both mapping and channel sampling to determine the size and quality of mineral deposits.

For more detailed geological information, readers are encouraged to review the Company's most recent NI 43-101 report on the Del Toro Silver Mine.

The Reserves/Resources inventories are reported in NI 43-101 Technical Reports published periodically by the Company. The complete report can be viewed in the Reserves/Resources section or on SEDAR