First Majestic Reports Q3 2026 Production Results, Announces Q3 Conference Call Details and Renewal of Share Repurchase Program
First Majestic produced 3.4 million silver ounces and 29,552 gold ounces in Q3 2026, down 11% and 17% year-over-year, with silver reaching only 72% of the revised guidance midpoint. The shortfall was driven by a labour dispute at San Dimas that disrupted operations for 12 days; San Dimas silver output fell 41% YoY, while La Encantada silver production rose 68%. The TSX accepted the renewal of the company's share repurchase program, allowing purchases of up to 10 million shares (~2% of shares outstanding) through October 13, 2027.
Key figures
- Gold oz yoy
- -17%
- Silver oz yoy
- -11%
- Gold oz produced
- 29552
- Buyback max shares
- 10000000
- Shares outstanding
- 493080912
- Silver oz produced
- 3440447
- Prior buyback vwap cad
- 23.38
- Buyback daily max shares
- 413612
- San dimas disruption days
- 12
- Gold pct of guidance midpoint
- 75%
- Silver pct of guidance midpoint
- 72%
- Prior buyback shares repurchased
- 1700000
- Buyback pct of shares outstanding
- 2%
AI analysis
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