First Majestic (AG) Climbs 12.7% on Silver Rush

Core Insights - First Majestic Silver Corp. (NYSE:AG) has shown significant performance, with a 12.73% increase in stock price, closing at $15.23, driven by rising silver prices [1][3] - The price of silver surged by 5.81% to $56.5003, influenced by market expectations of an interest rate cut by the US Federal Reserve [2][3] - First Majestic reported a net income of $43 million in Q3, a turnaround from a net loss of $26.6 million in the same period last year [3][4] - Revenues for First Majestic increased by 95% year-on-year, reaching $285.1 million, attributed to a 45% rise in silver equivalent payable ounces sold and a 31% increase in the average realized silver price to $39.03 [4] Company Performance - First Majestic's stock has extended its winning streak to five consecutive days, reflecting strong investor sentiment [1] - The company's earnings performance in Q3 indicates a robust recovery and growth trajectory [3][4] - The increase in revenues and net income highlights the company's operational efficiency and market positioning in the precious metals sector [4]