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We consent to the incorporation by reference in Registration Statement No. 333-290506 on Form F-10, and Registration Statement Nos. 333-258124 and 333-284314 on Form S-8, of our reports dated February 18, 2026, relating to the consolidated financial statements of First Majestic Silver Corp. (the “Company”) and the effectiveness of the Company’s internal control over financial reporting appearing in this Current Report on Form 6-K dated February 19, 2026.