Silver Stream Agreement

Under the agreement, First Majestic First Mining will pay a total underperformance of $22.5 million in cash and shares on three payments for the flow of money that covers the life of the project. Although the cumulative value of existing global streaming deals has been estimated at more than $9 billion, streaming remains a relatively new and little-used mode of funding outside the United States. Nevertheless, the number of Australian streaming transactions is expected to continue to increase, while traditional sources of funding remain difficult to obtain. To this end, the number of streaming companies entering the Australian market will increase, while traditional companies would like to expand their existing portfolio to streaming.