Business
First Majestic Produces 7.7 Million AgEq Ounces in Q3 2025 Consisting of a Record 3.9 Million Silver Ounces and 35,681 Gold Ounces
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - First Majestic Silver Corp. (NY...
About this update from First Majestic Silver Corp.
[{"type":"text","content":"First Majestic Produces 7.7 Million AgEq Ounces in Q3 2025 Consisting of a Record 3.9 Million Silver Ounces and 35,681 Gold OuncesVancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the \"Company\" or \"First Majestic\") announces that total production in the third quarter of 2025 from the Company's four producing underground mines in Mexico, namely the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine reached 7.7 million attributable silver equivalent (\"AgEq\") ounces, consisting of 3.9 million silver ounces, 35,681 gold ounces, 13.9 million pounds of zinc and 7.7 million pounds of lead. \"First Majestic continues to execute on the plans we have set out for 2025,\" said Keith Neumeyer, President & CEO. \"The third quarter delivered another strong operational performance, marking the highest quarterly silver production in the Company's history and reflecting continued operational improvements and discipline across our sites. The integration of Los Gatos is nearly complete, with many of our systems and internal controls now fully implemented, enabling greater alignment and synchronization across the portfolio. During the quarter, we also reported positive exploration results at both San Dimas and Los Gatos. Silver and gold production are tracking at or above guidance. While record silver production and higher silver prices are positively impacting economics, the higher silver price has also reduced our reported silver-equivalent production by approximately 400,000 ounces when compared to metal prices used in our guidance.\"Q3 2025 PRODUCTION HIGHLIGHTSRecord Quarterly Silver Production (+96% Y/Y): The Company produced 3.9 million silver ounces in Q3 2025 representing a 96% increase when compared to 2.0 million silver ounces produced in Q3 2024. Total silver production in the quarter included 1.4 million ounces of attributable silver production from Los Gatos.Strong Silver Equivalent Production (+39% Y/Y): The Company produced 7.7 million AgEq ounces in Q3 2025 (8.1 million using 2025 guidance metal prices), representing a 39% increase compared to 5.5 million AgEq ounces produced in Q3 2024. This g...