First Majestic Announces Record Free Cash Flow for Q4 2024, FY 2024 Financial Results and Quarterly Dividend Payment

Core Viewpoint - First Majestic Silver Corp. reported strong financial results for Q4 2024, highlighting record free cash flow, increased revenues, and improved operational metrics, despite a net loss due to non-cash expenses [3][4][10]. Q4 2024 Highlights - Record free cash flow of $68.4 million, a 119$308.3 million, with $202.2 million in cash and cash equivalents [4] - Revenues of$172.3 million, an 18% increase from Q3 2024 [4] - Mine operating earnings of $48.2 million, up 69$62.0 million, a 68% increase from Q3 2024 [4] - Consolidated cash cost improved to $13.82 per AgEq ounce, a 9$20.34 per AgEq ounce, down 3% from Q3 2024 [4] - Record quarterly sales at First Mint of $9.1 million, a 237$0.0057 per common share for Q4 2024 [4][17] 2024 Annual Highlights - Achieved annual production of 21.7 million AgEq ounces, with an average AISC of $21.11 [7] - Operating cash flows before working capital and taxes increased by 40$138.6 million [7] - Annual revenues of $560.6 million, a 2$91.9 million [7] - EBITDA for the year was $127.1 million, compared to a$41.8 million loss in 2023 [7] - Ended 2024 with a cash position of $308.3 million [14] Operational Metrics - Ore processed increased by 10$30.80 [6] Share Repurchase Program - The Company amended its share repurchase program to allow for off-market transactions [12]