Majestic Silver Posts Record Treasury Amid Strong Q2 Performance

First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) delivered stellar second-quarter results, posting a record treasury and robust revenue growth. The company's strong operational performance and margin expansion helped it capture upside in the current environment, despite elevated interest rates.

The silver sector has drawn fresh attention from retail investors as prices hold above key technical levels. First Majestic reported unaudited revenue of US$415.5 million for the three months ended June 30, 2026, a 57% year-over-year increase. Higher realized silver and gold prices drove margin expansion, with mine operating earnings more than quadrupling to US$223.6 million.

The company's treasury swelled to a record US$1.253 billion, fueled by free cash flow of US$194.6 million and a strong balance sheet. A recently adopted dividend policy targets a quarterly payout equal to approximately 2% of net quarterly revenue, starting January 1, 2026.

First Majestic is advancing the restart of the Jerritt Canyon Gold Mine in Nevada, committing roughly US$75 million in 2026. The company also plans to sell the idled San Martin silver mine for US$90 million in cash, with closing expected in Q4 2026.