First Majestic Silver Raises 2026 Production Guidance by 10% and Boosts Capital Investments
AG has more than doubled off its 52-week low of $7.74.
Summary
First Majestic Silver announced strong Q2 production, a 10% increase in 2026 silver production guidance, and a 47% boost in capital investments for growth projects, alongside a new CFO appointment.
Key Events · Earnings and Guidance · AG
-
Q2 Production Outperformance
Reported 3.8 million silver ounces (+3% Y/Y) and 34,660 gold ounces (+2% Y/Y), driven by strong performances at La Encantada and Santa Elena.
-
Raised 2026 Production Guidance
Increased consolidated silver production guidance by 10% to 14.6-15.5 million ounces and gold guidance by 7% to 128,000-135,000 ounces.
-
Increased Capital Investments
Boosted 2026 capital budget by 47% to $318-$344 million to accelerate growth projects, including the Jerritt Canyon restart and Santa Elena development.
-
CFO Appointment
Neil Beaumont, with extensive experience from Canada Pension Plan Investment Board and BHP, was appointed Chief Financial Officer, succeeding David Soares.
Analysis · AG · Energy & Transportation
First Majestic Silver reported strong Q2 production results and significantly raised its full-year 2026 production guidance for both silver and gold, indicating operational outperformance. The company also increased its capital expenditure budget by 47% to accelerate key growth projects, including the Jerritt Canyon restart and Santa Elena development. While all-in sustaining costs are projected to increase slightly, this is attributed to higher silver prices and a stronger Mexican Peso, which generally benefit revenue. The appointment of a new CFO with a strong background further supports the company's strategic direction.
How filings like this one have moved
In the 30 days to Aug 24, 2026, 37.5% of the 3362 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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 $16.07 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $7.74 to $32.04. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.