First Majestic Silver Corp.

First Majestic Announces Temporary Suspension of NAFTA Arbitration Proceedings as Settlement Framework Agreed to with Mexico

First Majestic agreed in principle to a framework with Mexico to settle its subsidiary PEM's legacy tax issue, and the NAFTA Chapter 11 arbitration tribunal has temporarily suspended proceedings until December 31, 2026. The company remains optimistic the settlement will be finalized by year-end 2026, with an option to extend the suspension into Q1 2027; failing that, arbitration can resume. A concluded settlement would resolve a multi-year dispute with Mexico that has hung over the company's Mexican mine portfolio. If negotiations fail, First Majestic will ask the tribunal to lift the suspension and the APA Arbitration will recommence.

•13d ago

Silver Holds Near $65 as Developers Turn to Mines Already Built

This is a paid promotional commentary from Canada News Group / Market Equities, funded by Honey Badger Silver, centered on the PC Silver Mine PEA in the Northwest Territories. First Majestic (AG) appears only as brief sector context: the article reiterates its previously reported Q2 2026 production of 3.8 million ounces of silver, a second consecutive annual guidance raise, and early construction permits at Santa Elena. For AG, the piece adds no new company disclosure; it positions First Majestic as the scaled, producing end of a silver-developer comparison. Treat the entire article as paid marketing content, not independent analysis.

•1mo ago

First Majestic Reports High-Grade Drill Results and Expands Exploration Footprint at San Dimas

First Majestic reported multiple high-grade silver and gold drill intercepts from its 2026 exploration program at the San Dimas Silver/Gold Mine in Durango, Mexico. Standout intercepts include 1.30 m of true width grading 6,994 g/t silver-equivalent at the Luz vein and 0.88 m at 5,835 g/t AgEq at Sinaloa-Elia; roughly 89,000 m of the approximately 117,000 m planned 2026 program has been completed year-to-date. New drilling at Convención and El Cristo expanded the district's exploration footprint, with the newly identified Convención vein, intersected about 100 m north of the Jessica vein, flagged as a potential near-term mining opportunity. Results support near-mine Mineral Resource conversion and growth potential, though no updated Mineral Resource estimate or economic analysis accompanies the release.

•1mo ago

Nearly 3 Million Ounces of Century-Old Silver. Ontario Just Opened the Door.

Hecla Mining Company is featured in a paid industry profile as a benchmark for successful silver production, highlighting its Q2 2026 operational performance. The article cites Hecla's strong second quarter, noting cash flow from operations rose 61% year-over-year to $175 million and silver output increased 8% quarter-over-quarter to 4.2 million ounces, aided by record production at the Lucky Friday mine. This commentary positions Hecla as the established standard that Nord Precious Metals aims to emulate through its own lower-capital tailings recovery strategy.

•2mo ago

First Majestic Announces Q2 2026 Financial Results and Quarterly Dividend Payment

First Majestic reported Q2 revenue of $415.5 million, up 57% year-over-year, driven by a 90% surge in realized silver prices and higher gold prices. Free cash flow reached a record $194.6 million, pushing total treasury to $1.25 billion, while net earnings doubled to $0.22 per share. The board declared a quarterly dividend of $0.0152 per share, a 217% increase from the prior year, and the company repurchased 1.2 million shares.

•2mo ago

AG: 6-K · earnings release

First Majestic Silver Corp. reported Q2 2026 production of 3.8 million silver ounces and 34,660 gold ounces, representing year-over-year increases of 3% and 2% respectively. The company highlighted strong operational performance at its La Encantada and Santa Elena mines, which drove the production gains despite minor disruptions at San Dimas and Los Gatos. The company raised its full-year 2026 silver production guidance by 10% to a range of 14.6 to 15.5 million ounces, citing higher throughput rates and improved recoveries across its mine portfolio. Gold production guidance was also increased by 7% to 128,000 to 135,000 ounces, while the capital expenditure budget was raised by 47% to $318 million to $344 million to support expansion projects and the Jerritt Canyon restart. In other developments, First Majestic announced the appointment of Neil Beaumont as Chief Financial Officer, effective July 2, 2026, succeeding David Soares. The company also confirmed the completion of the sale of its Del Toro Silver Mine to Sierra Madre for total consideration of up to $60 million, with $30 million in upfront cash already received.

SEC 6-K•3mo ago

First Majestic Reports Q2 2026 Production Results; Announces Updated 2026 Production and Cost Guidance, and Q2 Conference Call Details

First Majestic raised its 2026 production guidance by 10% for silver (14.6-15.5M oz) and 7% for gold (128K-135K oz) following Q2 results that showed 3% silver growth and 2% gold growth YoY, driven by strong performances at La Encantada and Santa Elena. The company increased its capital budget to $318-$344M, a 47% increase driven primarily by the $75M Jerritt Canyon restart program and development projects at Santa Elena including the Santo Niño and Navidad portals. Neil Beaumont was appointed as the new CFO effective July 2, 2026, succeeding David Soares; Beaumont brings 30 years of experience including roles at Canada Pension Plan Investment Board and BHP. AISC guidance was updated to $27.69-$28.77 per AgEq oz, reflecting higher costs from elevated silver prices and a stronger Mexican Peso in H1 2026.

•3mo ago

First Majestic Enters into Definitive Agreement to Sell its San Martin Silver Mine for Total Proceeds of US$90 Million

First Majestic agreed to sell its dormant San Martin Silver Mine to Flextronics Supply and Service for total proceeds of US$90 million. The payment structure is heavily back-loaded, consisting of US$2.5 million at closing, a further US$2.5 million within 180 days, US$10 million annually for five years, and a US$35 million lump sum due in 2032. The mine has been on care and maintenance since 2019, and the transaction is expected to close in Q4 2026 pending Mexican Antitrust approval.

•3mo ago

First Majestic Receives Construction Permits for Santo Niño and Navidad; Advances Development Across the Santa Elena District

First Majestic secured the construction permits for the Santo Niño and Navidad portals at its Santa Elena mine and allocated an additional $12 million in 2026 to advance underground access. Infill drilling across both targets returned significant high-grade silver and gold intercepts, with Santo Niño results exceeding modeled estimates in the western vein portion. Management aims to position Santo Niño for near-term mining and extend the Santa Elena mine life through the development of these two mineral resources.

•4mo ago

Sierra Madre and First Majestic Announce Closing of Acquisition of the Del Toro Silver Mine for up to US$60M

First Majestic has closed the sale of its past-producing Del Toro Silver Mine to Sierra Madre Gold and Silver, receiving US$20 million in cash and 10.87 million common shares at closing. The transaction structure includes a US$10 million payment due within 18 months and two additional US$10 million milestone payments contingent on Sierra Madre defining 100 million silver equivalent ounces and achieving commercial production of 4,000 tonnes per day. Following the transaction, First Majestic owns a 24.77% equity stake in Sierra Madre, effectively monetizing a non-core asset to focus capital on its producing mines.

•4mo ago

Year Six of the Silver Deficit Meets a Newly Funded Critical-Metals Drill Program in British Columbia

GoldHaven Resources Corp. has secured an upsized flow-through financing of $3.2 million, fully funding an expanded 2026 drill program at its Magno Project in British Columbia. The drill program will focus on the Magno, Kuhn, and D Zones, with the potential to drill beyond the initial 5,000 metres based on results. Recent and historical drilling at Magno has shown high grades of silver, lead, zinc, tungsten, and indium. GoldHaven also holds three critical mineral projects in Brazil, covering approximately 123,900 hectares, and is advancing the Copeçal Gold Project, where an independent review confirmed a large-scale hydrothermal system and identified high-priority drill targets.

•5mo ago

First Majestic Announces Q1 2026 Financial Results and Increased Quarterly Dividend Payment; Provides Management Updates

First Majestic posted a record quarter with revenue surging 95% year-over-year to $476.7 million, driven by significantly higher realized silver and gold prices. Free cash flow hit a record $223.5 million, boosting the company's treasury position to a historic high of $1.13 billion. The board declared a nearly four-fold increase in the quarterly dividend to $0.0171 per share and announced a new COO, David Howe, replacing the retiring Steve Holmes.

•5mo ago