Initially the deal was thought to have included both Mexico's Real de Catorce mine and Quebec's Pitt Gold Property.

However, non-Mexican assets (including Pitt Gold) were spun off into a new company called Bionor Resources Inc, which is now Magna Terra Minerals.

[7] There are seven projects in total: Wirikuta, one of the sacred mountains of the Huichol people and important in their ceremonial migration, peyote hunt, and deer dance, is being purchased for silver mining by First Majestic Silver Corp.[10] On October 27, 2000 United Nations Education, Scientific and Cultural Organization (UNESCO) claimed this site as a protected area for its importance as a cultural route and endemic flora and fauna species.

The ore that the company will extract will be silver values through the FLOTATION Method, which uses biodegradable chemical reagents that are harmless to the environment and the human being.

In April, 2010 the company reached full production capacity at its La Encantada mine in Coahuila, Mexico, processing 3,500 tons of ore per day.