Silver Is Headed for a Sixth Straight Year of Supply Shortfall
First Majestic is cited in a U.S. Metal News market commentary recapping its third quarter 2026 production of 3.4 million ounces of silver and 29,552 ounces of gold, with silver output down 11% year-over-year even as ore processed rose 9% to 1,088,708 tonnes. The company also announced renewal of its share repurchase program, and CEO Keith Neumeyer reiterated a focus on meeting production guidance and controlling costs.
Key figures
- Ore processed
- 1088708
- Ore processed yoy
- +9%
- Silver output yoy
- -11%
- Q3 gold production
- 29,552 ounces
- Q3 lead production
- 7.8 million pounds
- Q3 zinc production
- 13.3 million pounds
- Q3 silver production
- 3.4 million ounces
AI analysis
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