First Majestic Silver remains a buy, offering high leverage to silver with improved fundamentals and a cleaner portfolio after two non-core asset sales. Recent sales of San Martin ($90M, NPV ~$77M) and Del Toro (up to $60M) convert idle assets into liquidity, supporting capex for growth projects like Santo Niño. Q1 delivered strong results: revenue up 95% YoY to $476.7M, free cash flow $224M, and record $1.13B treasury, reflecting operational leverage to silver prices.
AG has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
First Majestic lifts its 2026 production outlook after Q2 silver output rises 3% y/y, backed by strong mine performance and higher guidance across key assets.
| Metals & Mining Industry | Materials Sector | Keith N. Neumeyer CEO | LSE Exchange | CA32076V1031 ISIN |
| CA Country | 4,000 Employees | 20 May 2026 Last Dividend | - Last Split | - IPO Date |
First Majestic Silver Corp. is a leading silver and gold production company primarily engaged in the acquisition, exploration, development, and production of mineral properties in North America. With its origins tracing back to 1979 as First Majestic Resource Corp., the company underwent a name change to First Majestic Silver Corp. in November 2006, reflecting its focused commitment towards silver projects. The company's strategic operations are centered around Mexico, where it operates several high-potential mining projects. Headquartered in Vancouver, Canada, First Majestic Silver Corp. has established itself as a key player in the mining sector, leveraging its expertise and resources to sustainably extract precious metals from its extensive property holdings.
First Majestic Silver Corp.'s primary focus is on the exploration for and production of silver and gold, with a portfolio that includes multiple projects in Mexico: