First Majestic Silver (US:AG) ZACKS·2025-12-30 16:55Core Insights - First Majestic Silver Corp. (AG) shares have increased by 205.1% over the past year, outperforming the industry average increase of 201.7% [1] Group 1: Company Developments - First Majestic has optimized its portfolio by selling the Del Toro Silver Mine to Sierra Madre Gold & Silver Ltd. for a total consideration of up to $60 million, which includes $20 million in cash and $10 million in shares [3][4] - The acquisition of Gatos Silver, completed in January 2025, grants First Majestic a 70% interest in the Cerro Los Gatos Silver underground mine, which is expected to significantly enhance production [4][5] - The combined production from Cerro Los Gatos, San Dimas, and Santa Elena mines is projected to reach 30-32 million ounces of silver equivalent annually, including 15-16 million ounces of silver [5][6] Group 2: Financial Performance - In Q3 2025, First Majestic achieved total production of 7.7 million silver-equivalent ounces, marking a 39% year-over-year increase, driven by a 96% surge in silver production [9] - The company reported a record quarterly free cash flow of $98.8 million, a 67.5% increase year-over-year, with liquidity reaching $682 million and working capital at $542.4 million [10] Group 3: Market Conditions - Silver prices have surged over 157% year-to-date, influenced by strong safe-haven demand, geopolitical tensions, and increasing trade conflicts, with current trading around $75 [11]