Business
First Majestic Announces Record Financial Results for Q2 2025 and Quarterly Dividend Payment
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - First Majestic Silver Corp. (NY...
About this update from First Majestic Silver Corp.
[{"type":"text","content":"First Majestic Announces Record Financial Results for Q2 2025 and Quarterly Dividend PaymentVancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the \"Company\" or \"First Majestic\") is pleased to announce the Company's unaudited condensed interim consolidated financial results for the second quarter ended June 30, 2025. The full version of the financial statements and the accompanying management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. All amounts are in U.S. dollars unless stated otherwise.SECOND QUARTER HIGHLIGHTSRobust Silver Equivalent Production (+48% Y/Y): The Company produced 7.9 million silver equivalent (\"AgEq\") ounces, including 3.7 million silver ounces, in Q2 2025 representing a 48% increase compared to 5.3 million silver equivalent ounces produced in Q2 2024.Record Quarterly Revenue (+94% Y/Y): For a second consecutive quarter, the Company achieved a quarterly revenue record of $264.2 million (54% from silver sales), representing a 94% increase compared to $136.2 million in the second quarter of 2024. This was primarily attributed to a 42% increase in AgEq payable ounces sold and a 24% rise in the average realized silver price which reached $34.62 per AgEq ounce during the quarter.Higher Mine Operating Earnings (+$33.9 million Y/Y): The Company achieved quarterly mine operating earnings of $49.4 million, representing a significant increase compared to $15.5 million in Q2 2024. Excluding non-cash depletion expense, the Company generated mine operating earnings of $100.9 million. Record Earnings Before Income Tax, Depreciation and Amortization (\"EBITDA\") (+$98.7 million Y/Y): EBITDA for the quarter was a record $119.9 million, representing a significant increase compared to $21.2 million in the second quarter of 2024. Net Earnings (+$104.8 million Y/Y): Net earnings for the quarter were $56.6 million (EPS of $0.11) compared to a net loss of $48.3 million (EPS of ($0.17)) in the second quarter of 2024. The increase in net earnings was primarily driven by higher mine operating earnings and benefitted from a non-cash deferred income tax recovery of $39.6 million (EPS of $0.08), compared to a non-cash deferred income tax expense...