First Majestic suspends NAFTA arbitration against Mexico as settlement framework advances
AG•First Majestic Silver agreed to temporarily suspend its NAFTA arbitration against Mexico through Dec. 31, 2026, while the parties work to finalize and implement a settlement framework agreed in principle. The company expects a settlement by year-end and may seek to restart arbitration if no deal is reached.
1. Arbitration paused
First Majestic Silver Corp. agreed to temporarily suspend its NAFTA Chapter 11 arbitration against Mexico over a legacy tax dispute tied to its Primero Empresa Minera unit. The tribunal ordered the proceeding paused through Dec. 31, 2026, while the parties work to finalize and implement a settlement framework agreed in principle.
2. Next steps
The miner expects a settlement by the end of 2026. The parties can seek an extension into the first quarter of 2027; if no deal is reached by year-end, First Majestic plans to ask the tribunal to lift the suspension and restart the arbitration.
