First Majestic Silver Corp Overview
Pro stress-test →First Majestic Silver Corp engages in the acquisition, exploration, development, and production of mineral properties in North America, exploring for silver and gold deposits. The company produced 15.4 million ounces of silver in 2025, an 84% increase from 2024, reaching a new company record. The company's share price has delivered explosive growth—up almost 4x over the past year, from around $5.09 at its 52-week low to as high as $22 recently.
Strategic Profile
Pro stress-test →In late 2024, First Majestic agreed to acquire Gatos Silver in a $970 million deal, closing early in 2025 and giving it a 70% interest in the Los Gatos Joint Venture, which owns the Cerro Los Gatos silver mine in Mexico. The company benefits from a strong silver market backdrop, with global silver prices climbing sharply fueled by tight physical supplies, booming industrial demand, and renewed investor interest, with silver futures soaring more than 130% in 2025 alone. First Majestic's robust cash flows and record cash position are enabling it to increase its dividend per share from 1% to 2% of its net quarterly revenue, starting in 2026.
Competitive Landscape
Pro stress-test →First Majestic competes in a market where global silver prices have climbed sharply fueled by tight physical supplies, booming industrial demand particularly in solar technology, and renewed investor interest in precious metals. Primary competitors include other large silver and precious metals mining companies. The company's 4x share price appreciation and record production position it as a standout performer among precious metals miners.
Industry Context
First Majestic Silver Corp operates in Precious Metals Mining & Exploration.
Key facts
Founded: 1981 · Headquarters: Vancouver, Canada · Revenue: $965.6M · Market cap: $11.28B