Welcome to our dedicated page for FIRST MAJESTIC SILVER news (Ticker: AG), a resource for investors and traders seeking the latest updates and insights on FIRST MAJESTIC SILVER stock.
First Majestic Silver Corp. reports developments tied to silver and gold mining in North America, with recurring updates on four producing underground mines in Mexico: Santa Elena, Los Gatos, San Dimas and La Encantada. The company's news also covers its 70% interest in the Los Gatos joint venture, production of silver, gold, zinc, lead and copper, and sales exposure to precious metals in doré and concentrate form.
Company updates frequently address mineral reserve and resource estimates, exploration drilling, operating and financial results, dividend actions, shareholder voting matters, governance and capital-structure disclosures. Jerritt Canyon in Nevada is a recurring exploration and development topic within the company's asset portfolio.
First Majestic (AG) reported high-grade silver and gold drill results from its 2026 exploration program at the San Dimas Silver/Gold Mine in Durango, Mexico.
About 89,000 m of exploration drilling has been completed year-to-date out of approximately 117,000 m planned, focused on resource-conversion and resource-addition targets in the West, Central, Graben and East/Arana blocks. Drilling in the Sinaloa-Elia complex returned intercepts up to 0.88 m @ 2,604 g/t Ag and 43.08 g/t Au (5,835 g/t AgEq), while the El Cristo area returned up to 1.30 m @ 2,625 g/t Ag and 58.25 g/t Au (6,994 g/t AgEq). New results at Convención and Coronado–Carmen Escobosa expand the exploration footprint and support potential future Mineral Resource growth.
First Majestic (NYSE: AG) has filed an NI 43-101 Technical Report for the Los Gatos Silver Mine, effective August 25, 2026. The report supports Mineral Resource and Mineral Reserve estimates effective December 31, 2025 and was voluntarily filed on SEDAR+, not in connection with a material change or prospectus.
Los Gatos is held through the Los Gatos Joint Venture, of which First Majestic owns 70% and is operator, with Dowa Metals & Mining holding 30%. Mineral Resources and Reserves are reported on both a 100% JV and 70% attributable basis, prepared and reviewed by Qualified Persons under NI 43-101 and CIM standards, and supported by QA/QC and data verification programs.
First Majestic (NYSE: AG) reported strong unaudited Q2 2026 results, with revenue up 57% year-over-year to $415.5 million, driven mainly by a 90% higher realized silver price and 40% higher realized gold price. Silver and gold production rose 3% and 2%, respectively.
Net earnings were $109.4 million (EPS $0.22), while adjusted net earnings reached $101.6 million (adjusted EPS $0.21). EBITDA was $252.3 million, up 110% from Q2 2025, and free cash flow increased to $194.6 million. Treasury grew 34% from year-end 2025 to a record $1,252.7 million, including $159.4 million in restricted cash, with working capital at $876.0 million.
Company-wide cash costs were $18.06 per silver equivalent ounce and AISC $25.68, both above prior-year levels but below guidance, yielding an AISC margin of $40.27 per AgEq ounce. The Board declared a Q2 2026 cash dividend of $0.0152 per share, a 217% year-over-year increase, and the company repurchased and cancelled 1,200,000 shares for $22.7 million under its buyback program.
First Majestic (NYSE:AG) reported Q2 2026 production of 3.8M silver oz (+3% Y/Y), 34,660 gold oz (+2% Y/Y), 16.5M lb zinc, 9.0M lb lead and 252,938 lb copper from its four Mexican mines.
The company raised 2026 production guidance to 14.6–15.5M silver oz and 128k–135k gold oz, increased its 2026 capital budget to $318–$344M to fund growth projects including the Jerritt Canyon restart, and completed the sale of the Del Toro mine for up to $60M.
First Majestic (NYSE:AG) entered a definitive agreement on July 6, 2026 to sell its 100%-owned past producing San Martin Silver Mine in Jalisco, Mexico to Flextronics for total cash consideration of US$90 million.
Payments include US$2.5M at closing, US$2.5M within 180 days, US$10M annually for five years, and US$35M on August 31, 2032, subject to customary conditions and Mexican antitrust approval. Closing is expected in Q4 2026.
First Majestic (NYSE:AG) reported 2026 exploration and development progress at the Santa Elena district in Mexico.
The company received construction permits for the Santo Niño and Navidad portals and plans an additional $12 million 2026 investment to build underground access supported by extensive high-grade silver-gold infill drilling at both targets.
Sierra Madre Gold and Silver has closed its acquisition of the Del Toro Silver Mine from First Majestic (NYSE:AG) for up to US$60 million in cash and shares.
The deal includes an initial US$20 million cash payment, 10.87 million Sierra Madre shares, further staged payments, and a concurrent $57.5 million equity financing.
First Majestic (NYSE:AG) reported voting results from its 2026 Annual General Meeting held June 10, 2026.
Shareholders representing 58.77% of outstanding shares were present and approved all items, including fixing the board at six directors, electing all nominees, reappointing Deloitte, say-on-pay, and LTIP entitlements.
First Majestic (NYSE:AG) reported strong Q1 2026 results, highlighted by record revenue of $476.7 million (up 95% year-over-year) and record mine operating earnings of $266.6 million. EBITDA reached $306.8 million and net earnings were $128.1 million, or $0.26 per share.
Free cash flow rose to $223.5 million and treasury hit a record $1,128.6 million. Silver and gold production declined modestly, while cash costs and AISC per silver equivalent ounce increased due to metal price effects. The quarterly dividend was raised 280% to $0.0171 per share, and the COO, Steve Holmes, is retiring.
First Majestic (NYSE: AG) released its 2025 Sustainability Report and mailed materials for the 2026 AGM to shareholders.
Key metrics: carbon intensity down 21% year-over-year and 49% since 2019, US$2.4M invested in communities, TRIFR 0.55, LTIFR 0.12, 70% of employees with tenure over six years, and successful integration of Los Gatos.