First Majestic Silver Corp. (AG) Thursday reported net earnings of $56.6 million or $0.11 per share for the second quarter, compared with net loss of $48.3 million or $0.17 per share in the same quarter a year ago, primarily driven by higher mine operating earnings and also benefitted from a non-cash deferred income tax recovery of $39.6 million.
Excluding one-time items, adjusted earnings were $18.4 million or $0.04 per share compared with adjusted loss of $20.4 million or $0.07 per share last year.
Revenue for the quarter increased 94% to $264.2 million from $136.2 million in the previous year.
Ore processed/ tonnes milled grew 49% year-on-year to 1.004 million.
The company has declared a dividend of $0.0048 per share for the second quarter, to be paid on September 15, to shareholders of record on August 29.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.