First Majestic acquired the Jerritt Canyon Gold Mine from Sprott Mining Inc. on April 30, 2021. The Jerritt Canyon property contains 30,821 hectares of mining claims located in the mining friendly state of Nevada. The Jerritt Canyon deposit was discovered in 1972 and first gold production from the property occurred in 1981. The Jerritt Canyon Gold District is located in Elko County, northeastern Nevada. The Carlin-type gold mineralization at Jerritt Canyon is hosted by silty carbonate or carbonaceous siliciclastic rocks originally deposited as shelf sedimentary rocks during the Paleozoic Era.
