First Majestic Silver/$AG

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About First Majestic Silver

First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
Ticker
$AG
Sector
Materials
Primary listing
NYSE
Employees
4,000
Headquarters
Vancouver, Canada

AG Metrics

BasicAdvanced
$9.3B
27.07
$0.69
2.11
$0.05
0.32%

What the Analysts think about AG

Analyst ratings (Buy, Hold, Sell) for First Majestic Silver stock.
Analyst projections of the future price of First Majestic Silver stock.

Bulls say / Bears say

First Majestic delivered strong Q2 2026 financial momentum: revenue increased 57% year over year to $415.5 million, free cash flow reached $194.6 million, and treasury rose to a record $1.253 billion. (SEC filing)
Management raised 2026 attributable production guidance to 14.6–15.5 million silver ounces and 128,000–135,000 gold ounces, representing increases of 10% and 7%, respectively, versus the original outlook. The upgrades span all four Mexican operations, with particularly strong increases at La Encantada and San Dimas. (First Majestic)
The company is returning more capital while retaining substantial liquidity: the Q2 dividend rose 217% year over year, and First Majestic repurchased and cancelled 1.2 million shares for approximately $22.7 million. Its $1.253 billion treasury provides flexibility to fund mine development, exploration, and the Jerritt Canyon restart. (SEC filing)
Q2 2026 cash costs rose to $18.06 per attributable AgEq ounce from $15.08 a year earlier, while AISC increased to $25.68 from $21.02, pressured by a stronger Mexican peso, higher contractor and maintenance costs, and increased sustaining development. (SEC filing)
Recent earnings growth is highly exposed to precious-metals prices: Q2 revenue rose 57% largely because realized silver and gold prices increased 90% and 40%, respectively, while silver and gold production increased only 3% and 2%. A pullback in metal prices could therefore compress earnings rapidly. (SEC filing)
Execution and capital-allocation risk is increasing as 2026 capital investment guidance rises to $318–$344 million, including approximately $75 million for the Jerritt Canyon restart and expanded exploration. Jerritt Canyon remains a restart project rather than a producing asset, so returns depend on successful delivery and cost control. (First Majestic)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.

AG Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

AG Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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