First Majestic Reports Record 2025 Silver Production, Doubles Dividend, and Outlines Growth-Oriented 2026 Outlook

summarizeSummary

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.

check_boxKey Events

• Record Silver Production

  Achieved record quarterly (4.2 million oz) and annual (15.4 million oz) silver production in 2025, exceeding upwardly revised guidance.

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.