First Majestic Silver Corp. (AG) on Thursday reported a profit for the fourth quarter compared with a loss a year ago, mainly driven by strong revenue growth. The company's shares were up more than 3% in pre-market trading.
Net earnings for the quarter were $105.2 million or $0.17 per share compared with a net loss of $13.5 million or $0.04 per share in the same quarter a year ago. Excluding one-time items, adjusted earnings were $144.4 million or $0.30 per share.
EBITDA surged to $338.8 million from $62.0 million in the fourth quarter of 2024.
Revenue jumped 169% to $463.9 million from $172.3 million, with approximately 60% of total revenue derived from silver. The increase was primarily attributable to a 39% rise in payable AgEq ounces sold.
The company produced 4.2 million silver ounces in the quarter, up 77% from 2.4 million ounces produced in the fourth quarter of 2024.
First Majestic declared a dividend of $0.0083 per share for the fourth quarter, payable on or about March 16 to shareholders of record as of February 27.
On Wednesday, First Majestic shares closed at $22.60, up 4.87%.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.