Core Insights - First Majestic Silver Corp. reported strong financial results for Q2 2025, with significant increases in production, revenue, and earnings compared to the same period in 2024 [2][11]. Financial Highlights - Silver equivalent production increased by 48% year-over-year to 7.9 million ounces, including 3.7 million silver ounces produced [2][12]. - Quarterly revenue reached a record $264.2 million, a 94% increase from $136.2 million in Q2 2024, with 54% of revenue derived from silver sales [2][11]. - Mine operating earnings were $49.4 million, up from $15.5 million in Q2 2024, driven by the addition of the Los Gatos Silver Mine [2][11]. - EBITDA for the quarter was a record $119.9 million, compared to $21.2 million in the same quarter last year [2][11]. - Net earnings were $56.6 million (EPS of $0.11), a significant turnaround from a net loss of $48.3 million (EPS of ($0.17)) in Q2 2024 [2][11]. - Adjusted net earnings were $18.4 million (adjusted EPS of $0.04), compared to an adjusted net loss of $20.4 million (adjusted EPS of ($0.07)) in Q2 2024 [2][11]. Operational Highlights - The company processed 1,003,804 tonnes of ore, a 49% increase from 674,570 tonnes in Q2 2024 [4][12]. - Cash costs per silver equivalent ounce were $15.08, slightly improved from $15.29 in Q2 2024 [5][12]. - All-in sustaining costs (AISC) decreased by 3% year-over-year to $21.02 per silver equivalent ounce [5][12]. - The company held 424,272 silver ounces in finished goods inventory as of June 30, 2025, valued at $15.3 million [5][12]. Cash Flow and Capital Position - Operating cash flow before changes in working capital and taxes was a record $114.9 million, significantly up from $23.8 million in Q2 2024 [2][11]. - Free cash flow reached a record $77.9 million, compared to $6.4 million in Q2 2024 [2][11]. - The company increased its cash position to a record $510.1 million, consisting of $384.8 million in cash and cash equivalents and $125.3 million in restricted cash [2][11]. Dividend Announcement - The company declared a cash dividend of $0.0048 per common share for Q2 2025, payable on or about September 15, 2025 [14][15].

Core Points - First Majestic Silver Corp. will host a conference call and webcast on August 14, 2025, at 8:30 a.m. PT to discuss its second quarter production and earnings results along with updated 2025 guidance [1][8] - The second quarter results will be announced before markets open on the same day and will be available on the company's website [2][8] - Participants are encouraged to dial in at least 15 minutes prior to the call to ensure timely participation [2] Company Overview - First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States [5] - The company operates four producing underground mines in Mexico: Los Gatos Silver Mine, Santa Elena Silver/Gold Mine, San Dimas Silver/Gold Mine, and La Encantada Silver Mine [5] - First Majestic also owns a minting facility, First Mint, LLC, offering a portion of its silver production for sale to the public [6]

Financial Performance - Record sales of $304 million and record adjusted EBITDA of $132.5 million were achieved in Q2 2025[22] - Net leverage ratio improved to 07x from 15x in the prior quarter[22] - The company generated $1618 million in cash from operations and a record quarterly free cash flow of $1038 million[22] - Silver accounted for 41% of Q2 2025 revenues, which totaled $297 million[33] - The Q2 silver margin was 85% of the silver price[35] Operational Highlights - 45 million ounces of silver and 45895 ounces of gold were produced in Q2 2025[22] - The silver cash cost was ($546)/oz and AISC was $519/oz, both after by-product credits[22] - Casa Berardi unit costs decreased by over $600/oz from the prior quarter[22] - Lucky Friday achieved a new quarterly milling record of 114475 tons[22] Keno Hill Strategic Shift - Keno Hill is maintained as a core portfolio asset, meeting investment hurdle rates at $25/oz silver[11] - The revised production target for Keno Hill is 440 tons per day (TPD), down from the original 550-600 TPD baseline[12] - At the 440 TPD production target, robust positive free cash flow is expected[11]

Core Insights - AbraSilver has rapidly changed the narrative of its geological district and gained international market attention with its Diablillos project [1] Company Summary - AbraSilver is positioned as a junior mining company that has made significant strides in a short period [1]

Core Viewpoint - GoGold Resources Inc. reported strong financial results for Q3 2025, with significant revenue growth driven by the Parral tailings reprocessing project, generating a net income of $8.2 million USD and revenues of $17.7 million from the sale of silver equivalent ounces [1][2][5]. Financial Performance - Revenue for the quarter ending June 30, 2025, was $17.7 million, compared to $10.4 million in the same quarter of 2024, representing a year-over-year increase of approximately 70% [3]. - The cost of sales, including depreciation, was $10.2 million for Q3 2025, up from $4.6 million in Q3 2024 [3]. - Operating income for the quarter was $4.6 million, compared to $3.6 million in Q3 2024 [3]. - Net income for the quarter was $8.2 million, a significant improvement from a net loss of $0.5 million in Q3 2024 [3]. - Basic net income per share was $0.022, compared to a loss of $0.002 per share in the same quarter of the previous year [3]. Cash Flow and Position - The company generated operating cash flow of $7 million during the quarter, exceeding expenditures at Los Ricos and corporate costs [2]. - Cash flow from operations for the nine months ending June 30, 2025, was over $20 million, compared to a cash outflow of $9.8 million in the same period of 2024 [3]. - GoGold's cash position increased to $139 million, reflecting a $61 million increase during the quarter, including $57 million from financing [5]. Production and Sales Metrics - The company sold 527,933 silver equivalent ounces during the quarter at an average realized price of $33.54 per ounce [5]. - Total production for the quarter included 201,616 silver ounces, 3,100 gold ounces, 128 copper tonnes, and 140 zinc tonnes [5]. - The adjusted all-in sustaining cost (AISC) per silver equivalent ounce was $22.78, while the adjusted cash cost per silver equivalent ounce was $17.21 [5]. Future Outlook - The company anticipates receiving a permit for the Los Ricos South project, supported by its strong cash flow generation and capital position [2].

Accessibility StatementSkip Navigation "As our development team continues to de-risk and advance Project #1 in the west, our exploration team led by Dr. Jesus Velador, has been busy compiling and analysing new data to locate additional mineralized centers across not only the original contiguous Panuco District but within Vizsla Silver's newly acquired properties situated along the emerging Western Mexico Silver Belt," commented Michael Konnert – CEO. "Since our initial discovery at Napoleon we have complete ...

Core Viewpoint - Silver Elephant Mining Corp. has signed a toll milling agreement to commence shipping silver-bearing materials from its Apuradita Paca Project in Bolivia, with shipments starting in early August 2025 [1][2]. Group 1: Toll Milling Agreement - The toll milling agreement, dated July 7, 2025, allows Silver Elephant's Bolivian subsidiary to deliver up to 10,000 tonnes of oxide and sulphide-bearing materials for treatment at a fixed toll milling fee [2]. - The agreement may be extended as more resources from Apuradita are developed, and the milling facility will produce high-grade lead-silver and zinc-silver concentrates [2][4]. Group 2: Production and Logistics - As of July 23, 2025, the company has stockpiled approximately 1,000 tonnes of silver-bearing materials, which will be transported to the Toll Milling Facility located about 180 km from Apuradita [3]. - The company aims for a near-term monthly production target of 1,000 to 2,000 tonnes of silver-mineralized materials, forecasting around 10,000 tonnes of mineralized feed for the first campaign [4]. Group 3: Metallurgical Testing - Independent metallurgical tests conducted in July 2025 confirmed that conventional flotation effectively treats materials from the Apuradita project, producing marketable concentrates that meet smelter specifications [6]. - Sulphide samples yielded a concentrate with 25,552 g/t Ag and 56.6% Pb, achieving recoveries of up to 92% silver and 87% lead [8]. - Oxide samples produced a concentrate with 14,493 g/t Ag and a recovery rate of 79.5% silver [8]. Group 4: Mining Operations - The main Apuradita tunnel has advanced approximately 175 meters, with additional branch drifts developed to access more mineralized zones [5]. - The mining method for sulphide materials will be shrinkage stoping, targeting an average extraction rate of 50 to 100 tonnes per day, with an average grade of 412 g/t Ag, 1.09% Pb, and 0.38% Zn [10]. Group 5: High-Grade Intercepts - Several high-grade intercepts within the Apuradita mineralized zone have been reported, with notable examples including: - Hole PND004: 7.78 g/t Ag over 11 meters - Hole PND008: 11.31 g/t Ag over 16 meters - Hole PND023: 26.21 g/t Ag over 32 meters [11].

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill their growth potential is challenging [1] Group 1: Company Overview - Fortuna Mining (FSM) is identified as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company operates in the silver and gold mining sector, which is currently experiencing significant growth opportunities [3] Group 2: Earnings Growth - Fortuna's historical EPS growth rate is 19.6%, but projected EPS growth for this year is expected to be 68.5%, significantly surpassing the industry average of 33.3% [5] Group 3: Cash Flow Growth - The year-over-year cash flow growth for Fortuna is 31.4%, which is notably higher than the industry average of -2.1% [6] - Over the past 3-5 years, Fortuna has maintained an annualized cash flow growth rate of 38%, compared to the industry average of 6.8% [7] Group 4: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Fortuna, with the Zacks Consensus Estimate for the current year increasing by 10.7% over the past month [9] - This trend in earnings estimate revisions is correlated with near-term stock price movements, indicating strong potential for future performance [8] Group 5: Investment Positioning - Fortuna has achieved a Zacks Rank of 2 (Buy) and a Growth Score of A, positioning it well for potential outperformance in the market [11]

Core Viewpoint - Fortuna Mining (FSM) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][4]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, particularly due to the actions of institutional investors who adjust their valuations based on these estimates [4][5]. Recent Performance and Outlook - Fortuna's earnings estimates have been on the rise, with a 22% increase in the Zacks Consensus Estimate over the past three months for the fiscal year ending December 2025, projected at $0.78 per share [8][10]. - The upgrade to Zacks Rank 2 places Fortuna in the top 20% of Zacks-covered stocks, suggesting potential for higher stock prices in the near term [10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7][9]. - The system maintains a balanced distribution of ratings, ensuring that only the top 20% of stocks based on earnings estimate revisions receive a "Strong Buy" or "Buy" rating [9][10].

Core Viewpoint - First Majestic Silver Corp. reported strong production results for Q2 2025, achieving 7.9 million silver equivalent ounces, a significant increase from the previous year, and has revised its 2025 production and cost guidance positively due to improved operational performance and metal prices [1][2][3]. Production Highlights - Total production in Q2 2025 reached 7.9 million AgEq ounces, consisting of 3.7 million silver ounces and 33,865 gold ounces, along with 16.1 million pounds of zinc and 9.0 million pounds of lead [1][3]. - Silver production increased by 76% year-over-year, from 2.1 million ounces in Q2 2024 to 3.7 million ounces in Q2 2025 [3]. - Silver equivalent production rose by 48% year-over-year, from 5.3 million AgEq ounces in Q2 2024 to 7.9 million AgEq ounces in Q2 2025 [3]. Operational Performance - The integration of the Los Gatos Silver Mine is progressing well, with identified synergies and opportunities [2]. - Operational performance at Santa Elena and San Dimas mines continues to meet or exceed expectations, benefiting from favorable metal prices [2]. - La Encantada is expected to improve in the second half of the year after a slower start [2]. Safety Performance - The consolidated Q2 2025 Total Reportable Incident Frequency Rate (TRIFR) was 0.52, below the target KPI of 0.70, indicating strong safety performance [4]. Mine-by-Mine Production Details - Los Gatos produced 2,436,722 AgEq ounces, including 1,524,949 ounces of silver and 706 ounces of gold, despite a weather-related power outage [6][9]. - Santa Elena produced 2,318,618 AgEq ounces, a decrease of 10% year-over-year, due to lower grade ores [12]. - San Dimas produced 2,464,029 AgEq ounces, a 17% increase year-over-year, with silver production up by 9% and gold production by 4% [12]. - La Encantada produced 628,105 ounces of silver, a 7% increase year-over-year, driven by a 20% increase in ore processed [12]. Updated 2025 Guidance - The company has increased its 2025 production guidance to 30.6 - 32.6 million AgEq ounces, a 7% increase from the original guidance [14]. - Silver production is now estimated to range between 14.8 to 15.8 million ounces, a 6% increase at the mid-point [18]. - Gold production is estimated to range between 135,000 to 144,000 ounces, a 2% increase at the mid-point [21]. - The 2025 capital budget has been increased by 7% to $193 million to support growth initiatives [24][19]. Capital Investments - The company plans to invest approximately $193 million in capital expenditures in 2025, with $76 million for sustaining activities and $117 million for expansionary projects [24]. - Key initiatives include upgrades at Santa Elena and early-stage development at the Navidad discovery [24].