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First Majestic Silver Posts Record 2025 Results and Boosts Balance Sheet

Story Highlights
  • First Majestic delivered record Q4 2025 production, revenue, cash flow, and earnings, supported by higher silver output, strong realized prices, and expanding premium sales from its First Mint operation.
  • For full-year 2025 the company met or beat revised production guidance, achieved record silver output, built a record cash treasury, and declared a dividend, reinforcing financial strength and shareholder return capacity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Majestic Silver Posts Record 2025 Results and Boosts Balance Sheet

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

First Majestic Silver reported a record-breaking fourth quarter of 2025, with silver production up 77% year over year to 4.2 million ounces and revenue surging 169% to $463.9 million, driven largely by higher silver output and strong realized prices. The company posted sharp gains in operating cash flow, EBITDA, net and adjusted earnings, and free cash flow, while its First Mint unit delivered record sales and premium pricing.

For the full year 2025, the miner met or exceeded its upwardly revised production guidance, delivering 31.1 million silver-equivalent ounces and a record 15.4 million ounces of silver, largely boosted by the Los Gatos acquisition and higher output at San Dimas and La Encantada. First Majestic ended the year with a record $937.7 million in cash and declared a quarterly dividend, underscoring a strengthened balance sheet and enhanced flexibility for capital allocation and shareholder returns.

The most recent analyst rating on (TSE:AG) stock is a Buy with a C$38.00 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.

The score is driven primarily by improved TTM fundamentals (return to profitability and stronger cash flow) and a strong technical uptrend. Offsetting these positives are historically volatile earnings/cash generation and a very high P/E, while overbought momentum signals add near-term risk.

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

More about First Majestic Silver

First Majestic Silver Corp. is a precious metals mining company focused primarily on silver, with additional production of gold, zinc and lead. The company operates multiple mines and a 100%-owned minting facility, First Mint, LLC, selling a significant portion of its output into the silver market and capturing premiums through value-added silver products.

Average Trading Volume: 2,358,064

Technical Sentiment Signal: Buy

Current Market Cap: C$14.43B

See more data about AG stock on TipRanks’ Stock Analysis page.

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