First Majestic Silver mines silver and gold in Mexico. It also runs First Mint, which sells silver bars and coins to the public online.
What you get
Shareholders get US$1 off per ounce on silver bullion from First Mint.
What it takes
You need at least 100 shares.
Before buyingA perk is a minor benefit of owning a share, not a reason to buy one. Share prices fall as well as rise, and dealing costs, spreads and tax can exceed a perk’s value. Read about the risks.
Holding through a broker
Shares held in your own name qualify.
Nominee holders must provide proof of ownership.
How to claim
Use a recent statement of your total First Majestic holding. First Mint also accepts a shareholder proxy, stock certificate or screenshot of your current holding. Your proof must show your name. Hide your account number; you may also hide other holdings.
- 1. Create a First Mint accountUse the account link below.
- 2. Email your proofSend your proof as a PDF to the customer support address below. Include the name and email on your First Mint account.
- 3. Use the discount at checkoutDo not order until First Mint approves your account, which can take up to 48 hours. Then enter SHAREHOLDER in the discount field at checkout.
Read First Mint’s claim instructions
First Mint - Send proof of ownership: customersupport@firstmint.com
Exclusions and limits
Excluded: Transferring the discount to someone else; Exchanging it for cash.
Participating storefronts: First Mint’s online store.
Dates
The published terms do not say when you must own the shares, how long you must hold them or when the benefit expires.
- Benefit issued
- Approval can take up to 48 hours
Practical notes
Apply directly with your brokerage statement
First Mint accepts brokerage statements, so you can apply yourself without asking your broker to do it. We have not tested this route with any broker.
Retirement accounts
First Mint gives no separate rules for shares held in retirement or other tax-advantaged accounts.
Compare the delivered price
Add shipping, taxes and duties, then compare with other sellers. You may find a better price elsewhere.
Check delivery before ordering
Shipping costs appear before payment. First Mint will not ship to someone else in another country. Check your local duties and taxes before ordering. First Mint does not list every country it delivers to. First Mint says it is not responsible for deliveries to non-residential addresses.
Sign for the parcel yourself
First Mint requires a signer over 19 for Canadian deliveries and over 21 for US deliveries. It says letting someone else sign, or authorising delivery without a signature, voids shipping insurance.
All sales are final
First Mint says all sales are final, with no refunds for changes in the silver price, shipping delays or limited stock.
History of the perk
The discount predates First Mint’s retail launch. The date it rose from US$0.50 per ounce is unconfirmed.
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First Mint begins bullion sales
The launch announcement kept the shareholder discount at US$0.50 per ounce for holders of at least 100 shares.
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Discount already in place
When announcing its minting facility, First Majestic reminded shareholders of the US$0.50-per-ounce discount for holdings of at least 100 shares.