First Majestic Silver Corp. shares fall 1.38% premarket after participating in Pacifica Silver's private placement financing.

First Majestic Silver Corp. declined 1.38% in premarket trading. The company participated in a private placement financing by Pacifica Silver Corp., which closed the first tranche of its C$10 million non-brokered private placement financing. This event may have contributed to the stock's decline as it could indicate a dilution of shares or a potential reduction in the company's value.