Keith Neumeier

Keith Neumeyer is the founder, President, and Chief Executive Officer of First Majestic Silver Corp. (NYSE: AG, TSX: AG), one of the largest publicly traded pure-play silver mining companies in the world. For commodity investors, his views carry weight because the decisions made under his leadership — where to drill, which assets to buy, when to hedge — directly shape a meaningful slice of primary silver supply. He has run the company since founding it in 2002.

Neumeyer has been in the Canadian investment community since 1984, starting at national brokerage firms before moving into the resource sector. He helped assemble First Quantum Minerals, which grew into a major global copper producer, and served as a founding director of MAG Silver Corp. before launching First Majestic. Under his leadership, First Majestic acquired First Silver Reserve Inc. in 2006, scaled a portfolio of silver mines in Mexico, and expanded into a multi-mine primary silver producer that has reported annual production in the multi-million-ounce range — including a record 3.7 million silver ounces in a single quarter in 2025. He also founded First Mining Gold Corp. in 2015, where he serves as Chairman.

His investment lens is unapologetically silver-centric. Neumeyer has long argued that silver is structurally underpriced relative to its industrial demand and its monetary role, and he built First Majestic as a vehicle for investors who want direct leverage to the metal rather than to a diversified major. The operating playbook combines organic growth — drilling, resource expansion, and development at the Mexican assets — with deal-making, including the 2018 acquisition of Primero Mining that brought the San Dimas mine into the portfolio.

For an investor looking to follow a senior operator's read on the silver market, Neumeyer is one of the few public-company CEOs whose personal balance sheet and career are aligned with the metal itself. He remains a regular commentator on silver market structure, primary mine supply, and the outlook for the Mexican operations that drive First Majestic's production.