First Majestic Announces Financial Results for Q3 2025 and Quarterly Dividend Payment

Core Insights - First Majestic Silver Corp. reported record financial results for Q3 2025, driven by significant increases in silver production and revenue compared to the same period in 2024 [2][8][9] Financial Highlights - Record quarterly silver production of 3.9 million ounces, a 96% increase year-over-year from 2.0 million ounces in Q3 2024 [2][12] - Total revenue reached $285.1 million, marking a 95% increase from $146.1 million in Q3 2024, with 56% derived from silver sales [2][8] - Mine operating earnings were $99.1 million, up from $28.5 million in Q3 2024, primarily due to the addition of the Los Gatos Silver Mine [2][8] - Operating cash flow before changes in working capital and taxes was a record $141.3 million, compared to $39.8 million in Q3 2024 [2][8] - Net earnings for the quarter were $43.0 million (EPS of $0.06), compared to a net loss of $26.6 million (EPS of ($0.09)) in Q3 2024 [2][8][9] - Free cash flow reached a record $98.8 million, up from $31.3 million in Q3 2024 [2][8] Operational Highlights - The company processed 997,002 tonnes of ore, a 47% increase from 678,397 tonnes in Q3 2024 [4][11] - Cash costs per silver equivalent ounce decreased to $14.83, down from $15.17 in Q3 2024 [2][12] - All-in sustaining cost (AISC) was $20.90 per silver equivalent ounce, a slight decrease from $21.03 in Q3 2024 [2][12] Additional Developments - First Mint, the company's minting facility, achieved record sales of $11.1 million, compared to $2.7 million in Q3 2024 [5] - The company declared a cash dividend of $0.0052 per common share for Q3 2025, payable on or about November 28, 2025 [5][16] - The company received a 30.0 ESG risk rating from Sustainalytics, placing it in the medium risk category [5]