First Majestic Silver Q3 revenue surges 95% on higher production, prices

First Majestic Silver

05/11/2025 12:16

Overview

First Majestic Q3 rev up 95% yr/yr, boosted by Los Gatos Silver Mine

Record silver production of 3.9 mln ounces, up 96% yr/yr

Adjusted EPS for Q3 was $0.07, reflecting strong earnings growth

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

LOS GATOS CONTRIBUTION - The addition of Los Gatos Silver Mine significantly boosted revenue and mine operating earnings

HIGHER SILVER PRICES - Increased average realized silver price of $39.03 per AgEq ounce supported revenue growth

SAN DIMAS IMPROVEMENTS - Operational improvements at San Dimas led to increased production and earnings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$285.10 mln
$308 mln (1 Analyst)
Q3 Adjusted EPS
$0.07
Q3 EPS
$0.06
Q3 Adjusted Net Income
-$32.40 mln
Q3 Adjusted Free Cash Flow
$141.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

Wall Street's median 12-month price target for First Majestic Silver Corp is C$22.00, about 26% above its November 4 closing price of C$16.28

The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release: ID:nNFC3HNrwg

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)