First Majestic Stock Price, News & Analysis

First Majestic Silver (NYSE:AG) reported record-breaking Q2 2025 financial results, with revenue surging 94% year-over-year to $264.2 million. The company achieved significant production growth, with silver equivalent production increasing 48% to 7.9 million ounces. Net earnings reached $56.6 million (EPS: $0.11), a dramatic improvement from a $48.3 million loss in Q2 2024.

Key financial highlights include record EBITDA of $119.9 million and record free cash flow of $77.9 million. The company's treasury position reached an all-time high of $510.1 million, with working capital of $444.1 million. The average realized silver price increased 24% to $34.62 per ounce.

First Majestic declared a quarterly dividend of $0.0048 per share, payable on September 15, 2025, and achieved Prime ESG investment status from ISS ESG, ranking in the top 26% of mining companies for sustainability.

First Majestic Silver (NYSE:AG) has announced its upcoming second quarter 2025 earnings conference call and webcast details. The event will take place on Thursday, August 14, 2025, at 8:30 a.m. PT / 11:30 a.m. ET, which is 30 minutes later than previously scheduled.

The company will release its Q2 2025 results and updated 2025 guidance before markets open on the same day. The conference call will be accessible via toll-free numbers for multiple countries, and participants are advised to dial in 15 minutes before the start. A webcast replay and telephone replay will be available following the event.

First Majestic Silver (NYSE:AG) reported strong Q2 2025 production with 7.9 million silver equivalent ounces, a 48% increase year-over-year. Production included 3.7 million silver ounces (up 76% Y/Y) and 33,865 gold ounces.

The company has positively revised its 2025 guidance, now expecting 30.6-32.6 million AgEq ounces, a 7% increase from previous guidance. Production improvements were seen across all mines, with Los Gatos, Santa Elena, and San Dimas exceeding expectations. The capital budget was increased by 7% to $193 million to support growth initiatives.

Cash costs are projected to improve to $13.94-$14.37 per ounce, while AISC is expected at $20.02-$20.82 per AgEq ounce.

First Majestic Silver (NYSE: AG) has announced a significant discovery at its Santa Elena property in Sonora, Mexico. The company has identified the Santo Niño vein, located 900 meters south of the Santa Elena processing plant, marking their second gold-silver discovery within a year. The vein has been traced over 1km of strike and 400m down-dip, with thirteen intercepts showing significant gold and silver grades. Additionally, drilling at the Navidad/Winter vein system has expanded the footprint of mineralization with exceptional results, including a standout intersection of 6.8m grading 14.8 g/t Au and 642 g/t Ag. The Santa Elena property now hosts four major gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño. The exploration program continues aggressively with nine active rigs, focusing on testing the full strike length and depth potential of the new discoveries. These findings are expected to meaningfully extend the mine life and add significant value to First Majestic's portfolio.

First Majestic Silver Corp. (NYSE: AG) held its 2025 Annual General Meeting with 57.99% of shareholders participating. Key outcomes include: shareholders approved setting the board size at seven directors and elected all nominated directors, with Thomas F. Fudge, Jr. and Colette Rustad receiving notably lower approval rates of 50.44% and 54.82% respectively. Deloitte LLP was appointed as auditor with 95.10% approval. Significantly, shareholders rejected the company's executive compensation approach with 58.99% voting against. The company also welcomed Ayesha Hira to its Board of Directors, bringing 30 years of mining sector experience, including roles at Belo Sun Mining, CIBC World Markets, RBC Capital Markets, and Lucara Diamond Corp.

First Majestic Silver Corp. (NYSE: AG) has announced its upcoming Annual General Meeting of Shareholders (2025 AGM) scheduled for Tuesday, May 20, 2025, at 10:00 a.m. (Pacific Time) in Vancouver. The Board unanimously recommends shareholders vote FOR all resolutions. The record date for voting eligibility was March 31, 2025, with a proxy voting deadline of May 15, 2025.

Registered shareholders unable to attend can vote by mail, courier, facsimile, telephone, or online through Computershare. Non-registered shareholders may participate through proxyholder or intermediaries. The company has retained Kingsdale Advisors to assist shareholders with voting, accessible via toll-free numbers or email.

First Majestic Silver (NYSE: AG) reported strong Q1 2025 financial results with multiple record-breaking metrics. The company achieved record quarterly revenue of $243.9 million, up 130% year-over-year, with 57% from silver sales. Silver production increased 88% to 3.7 million ounces, while gold production rose 1% to 36,469 ounces. The company reached its highest-ever cash position of $462.6 million, including $351.3 million in cash and $111.3 million in restricted cash. Mine operating earnings hit a record $63.8 million, compared to a loss of $0.3 million in Q1 2024. Cash costs decreased 9% to $13.68 per AgEq ounce, and AISC improved 11% to $19.24 per AgEq ounce. The company declared a quarterly dividend of $0.0045 per share, payable on May 30, 2025.

First Majestic Silver Corp. (AG) has released its 2024 Sustainability Report and announced its 2025 Annual General Meeting (AGM) details. The report highlights significant achievements in sustainability performance during 2024, including:

• Record safety performance with 48% reduction in TRIFR and 70% reduction in LTIFR
• Employee development with 16 inter-company transfers and 67 promotions
• 33% annual reduction in carbon footprint per tonne of ore processed
• US$1.2 million investment in community projects
• Improved ESG rankings, placing in top 20% of mining industry by ISS ESG

The 2025 AGM will be held on May 20, 2025, at 10:00 a.m. (Pacific Time) in Vancouver. The company has adopted the notice and access model for delivering meeting materials to shareholders of record as of March 31, 2025, promoting environmental sustainability by reducing paper usage.

First Majestic Silver (NYSE: AG) reported record Q1 2025 production with 7.7 million silver equivalent ounces, including an all-time high of 3.7 million silver ounces, representing an 88% year-over-year increase. The production included 36,469 gold ounces, 12.5 million pounds of zinc, and 7.5 million pounds of lead.

The significant growth was driven by the inclusion of the Cerro Los Gatos Silver Mine (70% interest), which now accounts for nearly 30% of the company's production portfolio. Notable improvements were also seen at San Dimas with a 17% increase in silver production. The company maintained strong safety performance with a 65% improvement in Total Reportable Incident Frequency Rate compared to Q1 2024.

Operations across all four Mexican mines showed robust performance, with San Dimas nearing completion of its conversion to LNG generators, expected to reduce carbon emissions by up to 25% when backup power is required. The company conducted extensive exploration with 61,219 metres of drilling across its mines using 28 drill rigs.