First Majestic Q3 Production Misses Guidance on San Dimas Labour Dispute; Renews Buyback
AG sits 61% above its 52-week low of $10.19.
Summary
First Majestic reported Q3 production below guidance due to a San Dimas labour dispute, while renewing its share buyback for up to 10M shares. Q3 earnings are due November 5, 2026.
Key Events · Earnings and Guidance · AG
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Q3 Production Misses Guidance
Silver production of 3.4M oz reached only 72% of the 2026 guidance midpoint; gold production of 29,552 oz hit 75% of midpoint.
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San Dimas Labour Dispute
A 12-day labour disruption at San Dimas cut silver production there by 41% year-over-year to 859,869 oz.
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Share Repurchase Renewal
TSX approved a new normal course issuer bid for up to 10,000,000 shares (~2% of 493,080,912 outstanding) from Oct 14, 2026 to Oct 13, 2027.
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Q3 Earnings Date Set
Unaudited Q3 financial results and dividend announcement scheduled before market open on November 5, 2026, with conference call at 11:00 a.m. ET.
Analysis · AG · Energy & Transportation
Silver production hit only 72% of the 2026 guidance midpoint and gold 75%, driven by a 12-day labour disruption at San Dimas that cut silver output there by 41% year-over-year. The company is renewing its share repurchase program for up to 10 million shares (~2% of outstanding), signaling management sees the stock as undervalued despite the operational setback. Q3 earnings and dividend details land November 5, 2026.
How filings like this one have moved
In the 30 days to Oct 25, 2026, 29.5% of the 1442 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.14%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AG was trading at $16.41 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $8.2B. The 52-week trading range was $10.19 to $32.04. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.