First Majestic's Q3 Silver-Equivalent Production Jumps 39% Y/Y

Core Insights - First Majestic Silver Corp. reported a total production of 7.7 million silver-equivalent ounces in Q3 2025, marking a 39% year-over-year increase, driven by a 96% surge in silver production [1][8] Production Highlights - The company produced a record 3.9 million ounces of silver and 35,681 ounces of gold in Q3 2025 [1] - The San Dimas mine contributed 2.69 million AgEq ounces, with silver production increasing by 40% year-over-year [3] - The Santa Elena mine's production decreased by 16% year-over-year, producing 2.26 million AgEq ounces [3] - La Encantada produced 575,193 ounces of silver, up 6% from Q3 2024, despite lower silver grades [4] - The Los Gatos mine contributed 2.13 million AgEq ounces, including 1.41 million ounces of silver [4] Acquisition Impact - In January 2025, First Majestic acquired a 70% interest in Gatos Silver, enhancing its position as a primary silver producer, with Los Gatos contributing 1.4 million ounces to total production in Q3 [2][8] Drilling Program - The company initiated its 2025 drilling program at the Jerritt Canyon mine, completing 12,522 meters of drilling during Q3 [5] Peer Comparison - Endeavour Silver Corp. produced 3.04 million AgEq ounces in Q3 2025, reflecting an 88% increase year-over-year, with a 102% rise in consolidated silver production [6] Stock Performance - First Majestic's shares increased by 115.5% over the past year, outperforming the industry growth of 77.7% [7]