First Majestic Silver (AG) - 2025 Q3 - Earnings Call Presentation

Financial Performance - Q3 2025 silver production reached 3.9 million ounces, a 96% year-over-year increase [19] - Q3 2025 silver equivalent production was 7.7 million ounces, and year-to-date production was 23.2 million ounces, representing 73% of the revised guidance mid-point [15] - Record Q3 2025 quarterly revenue of $285 million, up 95%, driven by higher production (+$73 million) and higher metal prices (+$66 million) [15] - Record Q3 2025 cash flow from operations was $141 million ($0.29/share) [15] - The company ended Q3 2025 with a record cash position of $569 million, including $435 million in cash and cash equivalents and $133 million in restricted cash [15] - All-in sustaining costs (AISC) decreased by 1% year-over-year to $20.90 per silver equivalent ounce [19] - The company returned $12 million to shareholders year-to-date in Q3 2025, including $7.3 million in dividends and $4.3 million in share buybacks [15] - Available liquidity stands at $682 million, excluding $133 million in restricted cash [31] Operational Updates - The company is on track to achieve upwardly revised 2025 production guidance [20] - The company is converting to owner haulage at La Encantada Silver Mine to support increased mill throughput rates [23] Other Considerations - The company achieved a 30.0 ESG risk rating with Sustainalytics, placing it in the Medium risk category and in the top 40% of its peer group [28]