Financial PerformanceFirst Majestic reported a 94% year-over-year revenue growth, driven by the acquisition of Gatos Silver.
Production GrowthThe company produced 7.7 million Silver Equivalent Ounces, a 39% increase year over year, slightly above estimates.
Strategic AcquisitionsThe production increase was largely due to the acquisition of a 70% ownership in the Cerro Los Gatos mine.