First Majestic Q4 Silver-Equivalent Production Rises Sequentially

Production Performance - Total production in Q4 2024 reached 5.7 million silver-equivalent (AgEq) ounces, consisting of 2.4 million silver ounces and 39,506 gold ounces [1] - AgEq production increased by 4% sequentially, driven by a 20% rise in silver production and growth across the company's three operating mines [1] - San Dimas mine produced 2,235,407 AgEq ounces, with silver production up 14% sequentially and gold production down 3% [2] - Santa Elena mine produced 2,719,702 AgEq ounces, with silver production up 8% sequentially and gold production flat [2] - La Encantada produced 755,963 ounces of silver, up 39% sequentially due to higher silver grades and recovery [3] Annual Performance 2024 - Total production for 2024 was 21.7 million AgEq ounces, consisting of 8.4 million silver ounces and 156,542 gold ounces [4] - AgEq production fell by 19% compared to 2023 but was within the revised guidance of 21.4-22.6 million AgEq ounces [4] - Santa Elena mine achieved an annual record of 10.3 million AgEq ounces, up 7% from 2023 [4] Stock Performance - AG shares gained 7.4% in the past year, underperforming the industry's 42.8% growth [5] Industry Comparison - Carpenter Technology Corporation (CRS) has a Zacks Rank 1 (Strong Buy) with a 162.7% share price increase last year and an average trailing four-quarter earnings surprise of 14.1% [8][9] - Fortuna Mining Corp. (FSM) has a Zacks Rank 2 with a 26.5% share price increase last year and an average trailing four-quarter earnings surprise of 53.6% [8][9] - Equinox Gold Corp. (EQX) has a Zacks Rank 2 with a 9.6% share price increase last year and an average trailing four-quarter earnings surprise of 39.2% [8][10]