Inferra AI / Company / AG
First Majestic Silver Corp
AG · Materials
Last earnings Jul 30, 2026
Key results
Revenuequarter
$14.5 million
This segment generated coin and bullion revenue of $14.5 million (March 31, 2025 - $7.9 million) from coins and bullion sales of 173,409 silver ounces (March 31, 2025 - 243,865) at an average price of $83.52 per ounce (March 31, 2025 - $32.25).
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
During the three months ended March 31, 2026, the Company had six (March 31, 2025 - five) customers that accounted for 78% (March 31, 2025 - 95%) of its sales revenue, with three major metal broker accounting for 58% of total revenue, each contributing 26%, 20% and 12% (March 31, 2025 - one major metal brokers accounted for 53%).
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Gross revenuequarter
$316,257
Revenues for the period are summarized as follows Three Months Ended March 31, 2026 2025 Gross revenue from payable metals Silver $316,257 66 % $139,227 57 % Gold 136,590 28 % 81,590 33 % Lead 5,457 1 % 8,940 4 % Zinc 22,460 5 % 15,706 6 % Copper 174 0 % 529 0 % Gross revenue 480,938 100 % 245,992 100 % Less smelting and refining costs (4,270) (2,050) Revenues $476,668 $243,942 As at March 31, 2026, the Company had $nil in unearned revenue (December 31, 2025 - $0.6 million) that has not satisfied performance obligations.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Quarterly Revenue In the first quarter, the Company generated a fifth consecutive quarterly revenue record of $476.7 million, representing a 95% increase compared to $243.9 million in the first quarter of 2025.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Revenue growth was also driven by a 50% and a 3% increase in silver ounces sold at La Encantada and Santa Elena, respectively, along with 48%, 34%, and 18% increase in zinc, copper, and lead pounds sold, respectively, at Los Gatos compared to the first quarter of 2025.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Additionally, sales at First Mint contributed $14.5 million in gross revenue, representing an 84% increase compared to revenues of $7.9 million in the first quarter of 2025, at an average silver price of $83.52 per ounce for the quarter.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Net incomequarter
$128.1 million
Quarterly Net Earnings Net earnings attributable to owners of the Company for the quarter were $128.1 million (EPS of $0.26), representing a significant increase compared to net earnings of $2.3 million (EPS of $0.01) in the first quarter of 2025.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
EPSquarter
$0.26
Quarterly Net Earnings Net earnings attributable to owners of the Company for the quarter were $128.1 million (EPS of $0.26), representing a significant increase compared to net earnings of $2.3 million (EPS of $0.01) in the first quarter of 2025.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
net earnings was primarily attributed to the higher mine operating earnings, along with investment income of $13.4 million (EPS of ($0.03)), compared to $0.5 million in the first quarter of 2025 (EPS of $nil), partially offset by a non-cash income tax expense of $93.5 million (EPS of ($0.19))
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
AI analysis
Q1 2026 · reported May 12, 2026
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Headline figures
| Metric | Q1 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $14.5 million | — | — |
| Gross revenue | $316,257 | — | — |
| Net income | $128.1 million | — | — |
| EPS | $0.26 | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
Debt Facilities 29 Note 22.
Event summary
The Audit Committee reviews the results of the condensed interim consolidated financial statements prior to their submission to the Board of Directors for approval
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Debt Facilities 29 Note 22.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
In 2025, a portion of the 2021 convertible debentures were repurchased (Note 21 ).
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
(3) The fair value of Options was estimated using the Black-Scholes method as at the Acquisition Date, using the following assumptions Risk-free interest rate (%) 2.94% - 3.05% Expected life (years) 3.99 Expected Volatility (%) 58% Expected dividend yield (%) 0.28% The accompanying notes are an integral part of the condensed interim consolidated financial statements First Majestic Silver Corp.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
The expected future cash flows are based on estimates of future silver, gold, lead, zinc and copper prices, estimated quantities of mineral reserves and mineral resources, expected future production costs and capital expenditures based on the life of mine plans at the Acquisition Date.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Others consists primarily of the Company s corporate assets including cash and cash equivalents, other development and exploration properties (Note 16 ), debt facilities (Note 21 ), and corporate expenses which are not allocated to operating segments.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
FINANCE COSTS Finance costs are primarily related to interest and accretion expense on the Company s debt facilities, lease liabilities and accretion of decommissioning liabilities.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Strategy & priorities
(the Company or First Majestic ) is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
The Company also owns the Jerritt Canyon Gold Mine in Nevada, USA which the Company placed on temporary suspension on March 20, 2023 to focus on exploration, definition, and expansion of the mineral resources and optimization of mine planning and plant operations.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
The Los Gatos mine consists of approximately 103,000 hectares of mineral rights, representing a highly prospective and under-explored district with numerous silver-zinc-lead epithermal mineralized zones identified as priority targets.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
The acquisition was completed in order to support the Company's growth strategy by adding another cornerstone asset within a world-class mining jurisdiction to the Company's portfolio.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
The Jerritt Canyon Gold mine was placed on temporary suspension as of March 20, 2023 to focus on exploration, definition, and expansion of the mineral resources and optimization of mine planning and plant operations.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Risks & headwinds
The Company has concluded that as of March 31, 2026, the sale does not meet the IFRS 5 criteria for classification as held for sale, given the uncertainty around satisfying all closing conditions within one year.
SEC original ↗First Majestic Silver Corp — Earnings release (6-K exhibit)EX-99May 12, 2026
Earnings deck slides
0 decks with slide viewFirst Majestic Silver Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
First Majestic Silver Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
First Majestic Silver Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
First Majestic Silver Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
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Earnings releases
16 documentsPresentations
4 documents
Transcripts
0 documentsNo transcripts for First Majestic Silver Corp are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.