Financial PerformanceFirst Majestic reported a 94% year-over-year revenue growth, driven by the acquisition of Gatos Silver.
Operational EfficiencyThe mine and mill performance at Cerro Los Gatos has been steadily improving well above nameplate rates, with further incremental gains expected.
Silver ProductionFirst Majestic is benefiting from higher silver prices by adjusting incremental cutoff grades, enabling the company to mine more silver with no increase to infrastructure/development investment.