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AG

First Majestic Silver Corp.

Sector: basic materialsSilverNYSEMarket Cap: $13.50B

First Majestic Silver is a primary silver producer with minimal direct political exposure but subject to commodity price volatility and mining regulation.

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Govt Dependence
25/100
Regulatory Density
35/100
Lobbying Intensity
5/100
Political Signal
LOW

BusinessWhat AG does

First Majestic Silver Corp. is a Mexico-focused precious metals mining company that produces and sells silver, with secondary gold production. Revenue is primarily derived from commodity sales into global markets, with operations concentrated in Mexican mining jurisdictions.

Lifetime Government AwardsAG federal contracts

AG doesn't hold direct federal contracts.

Verified via USASpending.gov: $0 reported in direct prime-contract awards. Companies in this position typically sell federal services indirectly through prime contractors and integrators (e.g., Lockheed Martin, Booz Allen, Microsoft Azure) or through commercial channels that don't appear in USASpending data.

Smart Money · 13F HoldingsHedge funds holding AG

$81.16B
Total AG held by tracked 13F funds
5
Funds with AG positions
+2
Funds opened this quarter
Renaissance Technologies $62.76B opened 2026-03-31
Two Sigma Investments $18.31B -47% 2026-03-31
Citadel Advisors $81M -47% 2025-12-31
D.E. Shaw & Co. $12M holds 2025-12-31
Bridgewater Associates $914K opened 2025-12-31

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

No Form 4 activity recorded in the last 180 days.

Bills to WatchLegislation flagged by our analysis

Mexico mining policy reformUS-Mexico trade agreementscommodity tariff policy

Political ProfileWhere AG sits in Washington

AG stock is primarily driven by silver commodity prices, USD strength, and mining operational metrics. Political/regulatory events have minimal direct impact on equity valuation relative to macro commodity factors.

Regulatory ExposureThreats & opportunities

Regulatory threats

  • Mexican environmental regulation tightening
  • water rights restrictions
  • export licensing changes

Regulatory opportunities

  • US strategic minerals policy
  • domestic silver production incentives
  • mining permitting streamlining
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Frequently AskedAbout AG & political exposure

Does First Majestic Silver Corp. (AG) hold federal contracts?
No direct prime contracts reported in USASpending.gov for First Majestic Silver Corp.. Companies in the semiconductor and AI hardware sectors often sell to the federal government via prime contractors and cloud resellers (Microsoft Azure, AWS, Lockheed Martin systems integration) rather than as direct primes.
What is AG political risk profile?
Government dependence: 25/100. Lobbying intensity: 5/100. Political signal: low.
How does GovGreed track AG political activity?
GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. AG data is updated daily from these official federal sources.