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ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0% ZAC 0.060 +0.0% ELE 21.18 −1.7% GHRT 0.750 +0.0% AEM 203.13 +0.1% JTWO 0.135 +0.0% EDR 10.63 −2.8% VMXX 0.750 +5.6% K 32.71 −1.5% AGI 40.13 −1.4% VGZ 2.40 +0.8% CAN 0.055 +0.0% NVO 0.055 +0.0% ARIS 19.57 −4.2% IVN 10.59 −0.8% MCI 0.165 +0.0% MTS 0.130 +0.0%
Production / Operations

First Majestic Announces Record Financial Results for Q2 2025 and Quarterly Dividend Payment

By The Northwire Desk — AI Analysis Aug 14, 2025 · 07:01 AG · 12.3 First Majestic Silver Corp.
AG · Price

Executive Summary

  • First Majestic reported record Q2 2025 results: revenue $264.2 M (+94% YoY), EBITDA $119.9 M, net earnings $56.6 M and free cash flow $77.9 M.
  • Silver‑equivalent production jumped 48% to 7.85 M oz (incl. 3.70 M oz silver); cash costs fell slightly to $15.08/AgEq oz and AISC declined to $21.02/AgEq oz.
  • The company declared a cash dividend of $0.0048 per share and will host a conference call on August 14, 2025 to discuss results and 2025 guidance.

Key Details

  • Revenue: $264.2 M (record), 54% from silver sales; driven by Los Gatos ($103.1 M), San Dimas (+17% production, $65.1 M) and Santa Elena ($74.5 M).
  • Production: 7.85 M AgEq oz (48% YoY); 3.70 M silver oz (76% YoY); 33,865 Au oz.
  • Mine Operating Earnings: $49.4 M (up $33.9 M YoY). Contributions: Los Gatos $20.6 M, San Dimas $6.7 M, La Encantada $4.4 M.
  • EBITDA: $119.9 M (record), up from $21.2 M YoY. Adjusted EBITDA $125.3 M.
  • Net Earnings: $56.6 M (EPS $0.11) vs. loss of $48.3 M YoY; adjusted net earnings $18.4 M (adjusted EPS $0.04).
  • Cash Flow: Operating cash flow $114.9 M; free cash flow $77.9 M (record). Treasury balance $510.1 M (cash $384.8 M, restricted $125.3 M). Working capital $444.1 M.
  • Costs: Cash cost $15.08/AgEq oz (‑1% YoY); AISC $21.02/AgEq oz (‑3% YoY).
  • First Mint Sales: $7.8 M (up from $3.3 M).
  • Dividend: Cash dividend $0.0048 per common share; record date Aug 29, 2025; payable ~Sept 15, 2025.
  • Share Repurchase: 506,000 shares cancelled at CAD 7.94 average price (normal course issuer bid).
  • Conference Call: Thursday, Aug 14, 2025, 8:30 a.m. PT / 11:30 a.m. ET; dial‑in numbers and webcast link provided.

Notable Quotes

“The integration of Los Gatos is progressing well, and we anticipate significant synergies and cost reductions once fully completed,” – Keith Neumeyer, President & CEO.

Read the original news release →

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Earnings