First Majestic Announces Record Financial Results for Q2 2025 and Quarterly Dividend Payment

Core Insights - First Majestic Silver Corp. reported strong financial results for Q2 2025, with significant increases in production, revenue, and earnings compared to the same period in 2024 [2][11]. Financial Highlights - Silver equivalent production increased by 48% year-over-year to 7.9 million ounces, including 3.7 million silver ounces produced [2][12]. - Quarterly revenue reached a record $264.2 million, a 94% increase from $136.2 million in Q2 2024, with 54% of revenue derived from silver sales [2][11]. - Mine operating earnings were $49.4 million, up from $15.5 million in Q2 2024, driven by the addition of the Los Gatos Silver Mine [2][11]. - EBITDA for the quarter was a record $119.9 million, compared to $21.2 million in the same quarter last year [2][11]. - Net earnings were $56.6 million (EPS of $0.11), a significant turnaround from a net loss of $48.3 million (EPS of ($0.17)) in Q2 2024 [2][11]. - Adjusted net earnings were $18.4 million (adjusted EPS of $0.04), compared to an adjusted net loss of $20.4 million (adjusted EPS of ($0.07)) in Q2 2024 [2][11]. Operational Highlights - The company processed 1,003,804 tonnes of ore, a 49% increase from 674,570 tonnes in Q2 2024 [4][12]. - Cash costs per silver equivalent ounce were $15.08, slightly improved from $15.29 in Q2 2024 [5][12]. - All-in sustaining costs (AISC) decreased by 3% year-over-year to $21.02 per silver equivalent ounce [5][12]. - The company held 424,272 silver ounces in finished goods inventory as of June 30, 2025, valued at $15.3 million [5][12]. Cash Flow and Capital Position - Operating cash flow before changes in working capital and taxes was a record $114.9 million, significantly up from $23.8 million in Q2 2024 [2][11]. - Free cash flow reached a record $77.9 million, compared to $6.4 million in Q2 2024 [2][11]. - The company increased its cash position to a record $510.1 million, consisting of $384.8 million in cash and cash equivalents and $125.3 million in restricted cash [2][11]. Dividend Announcement - The company declared a cash dividend of $0.0048 per common share for Q2 2025, payable on or about September 15, 2025 [14][15].