08:35 AM EDT, 06/13/2024 (MT Newswires) -- First Majestic Silver (FR.TO) reported Thursday positive drilling results from its 2024 exploration program at the San Dimas silver-gold mine in Mexico.

Highlights include 7.36 grams per tonne (g/t) gold and 1,129 g/t silver over 6.72 meters; 39.28 g/t gold and 1,905 g/t silver over 1.76 meters; and 13.24 g/t gold and 1,501 g/t silver over 0.94 meters.

The company said the drill program focused on testing new silver and gold mineral targets, adding mineral resources and converting mineral resources to mineral reserves.

"The recent drilling has continued to highlight San Dimas' 71,867 hectare prospectivity through the intersection of significant gold and silver mineralization," President and CEO Keith Neumeyer said.

First Majestic's share price was down 1.9% at last look to US$6.07 in U.S. pre-market trading after dropping 2.4% yesterday to $8.50 in Canada.