First Majestic Silver Corp (AG)
Summary
AG Chart
First Majestic Silver: Monster Q1 And Two Smart Asset Sales
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.
Why You Shouldn't Bet Against First Majestic Silver Stock
AG has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
AG's Q2 Silver Production Jumps 3% Y/Y, 2026 Production View Hiked
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.
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First Majestic Silver Corp Profile
| Metals & Mining Industry | Materials Sector | Keith N. Neumeyer CEO | TSX Exchange | CA32076V1031 ISIN |
| CA Country | 4,000 Employees | 20 May 2026 Last Dividend | - Last Split | - IPO Date |
Overview
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.
Products and Services
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:
- San Dimas Mine: Located in Durango State, this expansive mine covers an area of approximately 71,867 hectares. San Dimas is a cornerstone project for First Majestic Silver Corp., showcasing the company's ability to manage large-scale mining operations in the pursuit of silver and gold extraction.
- Santa Elena: This project spans over an area of approximately 102,244 hectares in Sonora State, Mexico. The Santa Elena project highlights First Majestic Silver Corp.'s commitment to exploring and developing significant silver and gold resources, ensuring the company's growth and sustainability in the precious metals market.
- La Encantada: Situated in Coahuila State, La Encantada spans approximately 4,076 hectares. This mining operation is a crucial asset within First Majestic Silver Corp.'s portfolio, focusing on the efficient and environmentally responsible mining of silver.
