First Majestic Silver Corporation

Latest Results (11.10.2025):

First Majestic Silver Corporation reported record financial results for the second quarter of 2025, demonstrating significant growth in production, revenue, and profitability. The company achieved substantial increases in silver equivalent production and net earnings, underscoring its strong operational performance and strategic expansions.

Robust Silver Equivalent Production

In Q2 2025, First Majestic produced 7.9 million silver equivalent ounces, marking a 48% year-over-year increase compared to 5.3 million ounces in Q2 2024. This surge was driven by enhanced production capabilities and the integration of the Los Gatos Silver Mine.

Record Quarterly Revenue

The company achieved a record quarterly revenue of $264.2 million, a 94% increase from $136.2 million in Q2 2024. This growth was primarily fueled by a 42% rise in payable silver equivalent ounces sold and a 24% increase in the average realized silver price, reaching $34.62 per ounce.

Significant Net Earnings Improvement

First Majestic reported net earnings of $56.6 million in Q2 2025, a substantial increase from a net loss of $48.3 million in the same quarter the previous year. This improvement was driven by higher mine operating earnings and a favorable deferred income tax recovery.

Enhanced Cash Flow and Strong Cash Position

The company generated a record free cash flow of $77.9 million in Q2 2025, compared to $6.4 million in Q2 2024. Additionally, First Majestic's treasury position reached a record $510.1 million, ensuring strong liquidity for ongoing and future projects.

Operational Efficiency Gains

Consolidated cash costs decreased by 1% to $15.08 per silver equivalent ounce, and all-in sustaining costs dropped by 3% to $21.02 per ounce. These efficiency gains reflect the company's effective cost management and operational improvements.