First Majestic Silver Corp. Reports Record Revenue and Treasury Position

First Majestic Silver Corp., a Canadian mining company, has reported its unaudited condensed interim consolidated financial results for the second quarter ended June 30, 2026. The company's revenue increased significantly to $415.5 million, up 57% year-over-year, driven by higher realized silver and gold prices. Net earnings for the quarter were $109.4 million, while earnings per share (EPS) were $0.22.

The company generated $194.6 million in free cash flow after paying $46.8 million in cash income taxes, a significant increase compared to $77.9 million in Q2 2025. The treasury position increased by 34% to $1,252.7 million, representing a record high for the company.

Operational efficiency improvements resulted in meaningful year-over-year margin expansion. Cash costs and All-in Sustaining Costs (AISC) per attributable payable AgEq ounce were below guidance at $18.06 and $25.68, respectively. The AISC margin increased to $40.27 per AgEq ounce, a significant improvement compared to an AISC margin of $13.60 per AgEq ounce during Q2 2025.