First Majestic Q2 Earnings Miss Estimates, Revenues Surge Y/Y

Core Insights - First Majestic Silver Corp reported adjusted earnings per share of 4 cents for Q2 2025, missing the Zacks Consensus Estimate of 6 cents, but showing improvement from a loss of 7 cents per share in the same quarter last year [1][8] - The company's revenues surged 94% year over year to a record $264 million, driven by higher silver prices and increased sales volumes [2][8] - Production reached 7.9 million silver-equivalent ounces, a 48% increase year over year, primarily due to a 76% rise in silver production from key mines [5][8] Financial Performance - First Majestic's cash costs per AgEq ounce were $15.08, down 1% from the previous year, while all-in-sustaining costs were $21.02 per AgEq ounce, a 3% decrease [3] - The mine-operating profit for the quarter was $49 million, significantly up from $15.5 million in the prior year [4] - Adjusted EBITDA for Q2 2025 was $125 million, a substantial increase from $26 million reported in the same quarter last year [4] Production Details - The production included 3.7 million silver ounces and 33,865 gold ounces, with the increase attributed to enhanced output from the San Dimas and La Encantada mines, along with contributions from the Cerro Los Gatos mine [5] - The average realized silver price was $34.62 per payable silver equivalent ounce, reflecting a 24% year-over-year increase [2] Financial Position - At the end of Q2 2025, First Majestic had $385 million in cash, with operating cash flow before working capital and taxes amounting to $115 million, compared to $25 million in the prior year [6] Stock Performance - Over the past year, First Majestic's shares have increased by 53.2%, outperforming the industry average growth of 36.4% [7]