FIRST MAJESTIC SILVE

First Majestic reported adjusted Q2 earnings of $0.21 per share (expectation $0.26) and revenue of $415.5 million (consensus $432 million). Despite the forecast miss, the company posted strong year-over-year growth (revenue +53%, EBITDA +110%) and produced 3.8 million ounces of silver in the quarter. First Majestic raised its annual silver guidance to 14.6 million ounces, reported $1.25 billion in cash, announced record share buybacks of $22 million, and highlighted several growth projects, including Santo Niño, Navidad and Jerritt Canyon. » Más en de.investing.com

First Majestic has signed a definitive agreement to sell the San-Martin silver mine in Jalisco to the private Mexican company Flextronics Supply and Service for a total cash consideration of $90 million. The payment includes $2.5 million at closing (with $500,000 already in escrow), a further $2.5 million within 180 days, annual payments of $10 million over five years (totaling $50 million), and a final installment of $35 million on August 31, 2032. Flextronics will acquire all shares of Minera El Pilon; the closing is subject to customary conditions and approval by the Mexican antitrust authority and is expected to occur in the fourth quarter of 2026. » Más en de.investing.com

First Majestic will invest about $75 million in 2026 to bring the Jerritt Canyon gold mine in Nevada back into operation and to start production in the second half of 2027. A pre-feasibility study by Stantec is expected by Q4 2026; the funds are earmarked for infrastructure, underground development, exploration, technical studies, staffing and dewatering. Reserves as of 31.12.2025 are reported at 4.1 million ounces (measured and indicated) plus 3.7 million ounces (inferred), and the company reports sufficient liquidity and low debt according to the data. » Más en de.investing.com