First Majestic Reports Record 2025 Silver Production, Doubles Dividend, and Outlines Growth-Oriented 2026 Outlook
AG has more than doubled off its 52-week low of $5.09.
Summary
First Majestic Silver reported record 2025 silver production, increased its dividend payout, and detailed a growth-focused 2026 outlook with significant capital investments.
Key Events · Earnings and Guidance · AG
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Record Silver Production
Achieved record quarterly (4.2 million oz) and annual (15.4 million oz) silver production in 2025, exceeding upwardly revised guidance.
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Dividend Payout Doubled
Increased the dividend per common share from 1% to 2% of net quarterly revenues, effective January 1, 2026, with the first payment at this new level in May 2026.
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Growth-Oriented 2026 Outlook
Announced plans for $213 million to $236 million in capital expenditures for 2026, including significant expansion projects and an extensive exploration drilling program.
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Strategic Mine Sale
Completed the sale of the past-producing Del Toro Silver Mine for total consideration of up to $60 million, streamlining its asset portfolio.
Analysis · AG · Energy & Transportation
First Majestic Silver Corp. delivered a strong operational update, reporting record silver production for Q4 and full-year 2025, exceeding its revised guidance. The company also announced a significant increase in its dividend payout, doubling it from 1% to 2% of net quarterly revenues, signaling confidence in future profitability and commitment to shareholder returns. The 2026 outlook includes substantial capital investments for expansion projects and an aggressive exploration program, positioning the company for continued growth despite a forecasted slight decrease in production due to improved economics from higher metal prices.
At the time of this filing, AG was trading at $19.15 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $9.7B. The 52-week trading range was $5.09 to $21.12. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.