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Recent press releases and 8-K filings for AG.
First Majestic Silver Reports Strong Q4 and Full-Year 2025 Results and Doubles Dividend
AG
Earnings
Guidance Update
Dividends
- First Majestic Silver reported a transformational 2025, with just over 15 million pure silver ounces and almost $1.3 billion in revenue for the year, exceeding revised guidance for silver equivalent ounces.
- The company ended Q4 2025 with just under $940 million in cash and $733 million in working capital, driven by record cash flows and a $140 million increase in marketable securities for the year.
- For 2026, First Majestic Silver is targeting 13-14 million pure silver ounces and 110,000-130,000 ounces of gold, and has doubled its dividend policy to 2% of top-line revenue, effective 2026.
- Operational highlights include the successful integration of the Gatos acquisition, planned plant expansions at Santa Elena and Gatos, and an anticipated update on Jerritt Canyon before the end of Q1 2026.
Feb 19, 2026, 4:30 PM
First Majestic Silver Announces Strong Q4 and FY 2025 Results, Doubles Dividend
AG
Earnings
Dividends
Guidance Update
- First Majestic Silver reported a strong close to 2025, with full-year revenue reaching almost $1.3 billion and silver equivalent production exceeding 31 million ounces, surpassing revised guidance.
- The company achieved a realized silver price of just under $59 per ounce in Q4 2025 and $41.52 for the full year. Its mint operation contributed significantly, generating nearly $50 million in revenue and $24 million in profitability for the year.
- First Majestic Silver ended 2025 with a robust financial position, holding just under $940 million in cash and $733 million in working capital.
- The company doubled its dividend policy effective 2026, increasing it from 1% to 2% of top-line revenue.
- For 2026, the company is targeting 13 million-14 million pure silver ounces and 110,000-130,000 ounces of gold, with an update on Jerritt Canyon expected before the end of Q1 2026.
Feb 19, 2026, 4:30 PM
First Majestic Silver Reports Strong FY 2025 Results, Doubles Dividend, and Provides 2026 Guidance
AG
Earnings
Guidance Update
Dividends
- First Majestic Silver reported full-year 2025 revenue of almost $1.3 billion and Q4 2025 pure silver production of 4.2 million ounces, contributing to 15 million pure silver ounces for the year.
- The company ended 2025 with a strong financial position, including just under $940 million in cash and $733 million in working capital.
- First Majestic Silver announced a doubling of its dividend policy to 2% of top-line revenue, effective Q1 2026.
- For 2026, the company is targeting 13-14 million pure silver ounces and 110,000-130,000 ounces of gold, with a locked conversion ratio of 75 to 1 for silver equivalent calculations.
- Operational highlights include the successful integration of the Gatos acquisition and planned plant expansions at Santa Elena to 3,500 tons per day by H2 2026, and Gatos to 4,000 tons per day. An update on Jerritt Canyon is expected before the end of Q1 2026.
Feb 19, 2026, 4:30 PM
First Majestic Reports Record 2025 Production, Increases Dividend, and Provides 2026 Outlook
AG
Earnings
Dividends
Guidance Update
- First Majestic Silver Corp. reported record quarterly silver production of 4.2 million ounces in Q4 2025, a 77% increase year-over-year, contributing to record consolidated silver production of 15.4 million ounces for the full year 2025, an 84% increase from 2024.
- The company announced an increase in its dividend per common share from 1% to 2% of net quarterly revenues earned from January 1, 2026, with the first payment at this new level expected in May 2026 for Q1 2026 revenue.
- For 2026, First Majestic expects total attributable production of 13.0 to 14.4 million ounces of silver and 116,000 to 129,000 ounces of gold, with projected consolidated All-In Sustaining Costs (AISC) between $26.15 and $27.91 per AgEq ounce.
- The company plans capital expenditures between $213 million to $236 million in 2026, an approximate 16% increase compared to 2025 revised guidance, to support growth initiatives like plant expansion and increased mine throughput.
Jan 15, 2026, 12:40 PM
KraneShares AGIX Increases xAI Ownership
AG
New Projects/Investments
Revenue Acceleration/Inflection
- The KraneShares Artificial Intelligence & Technology ETF (AGIX) has increased its direct ownership in xAI, making it the fund's largest holding at 6.60% of the portfolio as of January 2, 2026.
- AGIX also maintains a significant private investment in Anthropic, representing 4.21% of the portfolio and currently the fund’s fourth-largest holding as of the same date.
- The fund's private AI holdings have been a key source of value creation, with the estimated fair value of its Anthropic position increasing nearly fourfold since February 2025 and its xAI position more than doubling since July 2025.
- AGIX has outperformed its performance benchmark by 7.40% since inception, primarily driven by gains from its private AI investments.
Jan 6, 2026, 1:30 PM
First Majestic Announces Proposed Sale of Del Toro Silver Mine
AG
M&A
New Projects/Investments
- First Majestic Silver Corp. (AG) has entered into a definitive agreement to sell its Del Toro Silver Mine to Sierra Madre Gold & Silver Ltd. for total consideration of up to US$60 million.
- The upfront consideration, payable upon closing, is US$30 million, consisting of US$20 million in cash and US$10 million in common shares of Sierra Madre at a price of $1.30 per share.
- An additional US$30 million is structured as delayed and contingent consideration, tied to future milestones such as a technical report demonstrating at least 100Moz AgEq and achieving commercial production targets.
- The transaction is conditional upon Sierra Madre completing a concurrent private placement financing of at least CAD$40 million and receiving various approvals, including TSXV acceptance and Sierra Madre shareholder approval.
Dec 17, 2025, 10:29 PM
First Majestic Reports Santa Elena Exploration Success and Management Update
AG
New Projects/Investments
Management Change
- First Majestic Silver Corp. reported significant exploration success at its Santa Elena Silver/Gold Mine, with new drilling expanding gold and silver mineralization at the Santo Niño and Navidad discoveries.
- Preliminary mine planning studies have commenced for the Navidad and Santo Niño discoveries, and metallurgical testing for Santo Niño mineralization indicates gold and silver recoveries exceeding 95%.
- The company has initiated a plant expansion project at Santa Elena with the goal of increasing throughput from approximately 3,200 tonnes per day to 3,500 tonnes per day by the end of 2026.
- Mani Alkhafaji has been promoted to President & Chief Corporate Development Officer, effective January 1, 2026, as part of a senior management update.
Dec 15, 2025, 9:53 PM
First Majestic Silver Corp. Closes US$350 Million Convertible Senior Notes Offering
AG
Debt Issuance
New Projects/Investments
- First Majestic Silver Corp. announced the closing of an offering of US$350 million aggregate principal amount of 0.125% unsecured convertible senior notes due in 2031 on December 8, 2025.
- The initial conversion price for the new notes is approximately US$22.36 per Share, based on a conversion rate of 44.7227 common shares per US$1,000 principal amount of Notes.
- The company will use approximately US$214.7 million of the proceeds to repurchase US$174.7 million of its outstanding 0.375% convertible senior notes due in 2027.
- The remaining net proceeds from the offering will be allocated to general corporate purposes, including strategic opportunities.
Dec 8, 2025, 5:06 PM
First Majestic Prices Convertible Senior Notes Offering
AG
Debt Issuance
Convertible Preferred Issuance
Share Buyback
- First Majestic Silver Corp. announced and priced an offering of US$300 million aggregate principal amount of unsecured convertible senior notes due 2031, with an option for initial purchasers to buy up to an additional US$45 million.
- The notes will bear cash interest semi-annually at a rate of 0.125% per annum.
- The initial conversion rate is 44.7227 common shares per US$1,000 principal amount, equivalent to an initial conversion price of approximately US$22.36 per share, representing a 42.50% premium relative to yesterday's closing market price.
- The company intends to use the net proceeds to repurchase a portion of its outstanding 0.375% convertible senior notes due 2027 and for general corporate purposes.
- The offering is expected to close on or about December 8, 2025.
Dec 4, 2025, 2:42 AM
First Majestic Silver Reports Record Q3 2025 Results and Addresses Tax Dispute
AG
Earnings
Guidance Update
Legal Proceedings
- First Majestic Silver reported record Q3 2025 financial results, including 3.9 million oz of silver production, $140 million in cash flow, over $560 million in cash on hand, $98 million in operating cash flow, and $128 million in EBITDA.
- The company is on track to meet all 2025 guidance, projecting production of north of 30 million silver equivalent ounces.
- Management addressed an ongoing 13-year tax dispute with the Mexican government, stating it is not considered a material issue and that the Canadian government is now involved in discussions.
- Operational highlights include the completed integration of Los Gatos with plans to increase throughput to 4,000 tons a day, two major discoveries at Santa Elena, and improved performance at San Dimas.
- The company holds $140 million in marketable securities as of September 30 and has recently engaged in share buybacks.
Nov 5, 2025, 4:30 PM
Quarterly earnings call transcripts for FIRST MAJESTIC SILVER.
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