FIRST MAJESTIC SILVER REPORTS RECORD Q1 REVENUE AND EARNINGS, BOOSTS DIVIDEND BY 281%

summarizeSummary

First Majestic Silver Corp. reported record Q1 2026 financial results with substantial increases in revenue, net earnings, and free cash flow, leading to a record treasury and a 281% dividend hike.

check_boxKey Events

• Record Financial Performance

  Revenues surged 95% to $476.7 million, and net earnings attributable to owners increased by 5,561% to $128.1 million year-over-year.

• Strong Cash Generation

  Operating cash flow before non-cash working capital and taxes rose 182% to $310.6 million, with free cash flow increasing 414% to $223.5 million.

• Record Treasury and Working Capital

  The company ended the quarter with a record $1.13 billion in treasury and $843.1 million in working capital.

• Significant Dividend Increase

  The quarterly dividend was raised by 281% to $0.0171 per common share, reflecting strong financial health.

auto_awesomeAnalysis

First Majestic Silver Corp. delivered exceptionally strong first-quarter 2026 financial results, with record revenues, net earnings, and free cash flow. The company's treasury reached an all-time high of $1.13 billion. Despite a slight decrease in production, this was attributed to a strategic reduction in cut-off grades due to higher metal prices, indicating improved profitability. The company also announced a significant 281% increase in its quarterly dividend and commenced a restart plan for its Jerritt Canyon Gold Mine, signaling strong future growth prospects. Ongoing tax disputes are noted, including a new $115 million reassessment for 2018, but the company maintains its strong legal position.