First Majestic Silver Announces Exploration Success and Management Update

First Majestic Silver ( (TSE:AG) ) has provided an update.

On December 15, 2025, First Majestic Silver Corp. announced significant exploration successes at its Santa Elena Mine in Sonora, Mexico, particularly at the Santo Niño and Navidad discoveries. The company reported expanded gold and silver mineralization, with new drilling results expected to convert a substantial amount of Inferred Mineral Resources to Indicated Mineral Resources. Additionally, the company has initiated preliminary mine planning studies and a plant expansion project to increase throughput, highlighting its confidence in the long-term potential of the operation. A management update was also announced, with Mani Alkhafaji promoted to President & Chief Corporate Development Officer.

The most recent analyst rating on (TSE:AG) stock is a Hold with a C$23.00 price target. To see the full list of analyst forecasts on First Majestic Silver stock, see the TSE:AG Stock Forecast page.

Spark’s Take on TSE:AG Stock

According to Spark, TipRanks’ AI Analyst, TSE:AG is a Neutral.

First Majestic Silver’s overall score is driven by strong financial performance and positive technical indicators. The strategic corporate event further supports the company’s growth prospects. However, the high P/E ratio and low dividend yield suggest potential overvaluation, which tempers the overall score.

To see Spark’s full report on TSE:AG stock, click here.

More about First Majestic Silver

First Majestic Silver Corp. operates in the mining industry, focusing on the exploration, development, and production of mineral properties, primarily silver and gold. The company is known for its operations in Mexico, where it manages several mines including the Santa Elena Silver/Gold Mine.

YTD Price Performance: 178.28%

Average Trading Volume: 2,440,626

Technical Sentiment Signal: Buy

Current Market Cap: C$10.77B

For an in-depth examination of AG stock, go to TipRanks’ Overview page.