First Majestic Silver Reports Q3 2026 Revenue Growth Amid Higher Metal Prices
First Majestic Silver (AG) reported a strong third quarter for 2026, with revenue reaching $394.1 million, a 38% increase year-over-year. This growth was primarily fueled by significantly higher realized metal prices—silver rose to an average of $61.52 per ounce and gold to $4,195 per ounce—alongside increased sales volumes at the La Encantada mine. Despite the revenue surge, the company faced operational headwinds, including a 12-day labor disruption at San Dimas and production decreases in both silver and gold. All-in Sustaining Costs (AISC) rose by 46% to $30.45 per silver equivalent ounce. However, EBITDA saw a substantial 78% increase, reflecting improved margins from metal price appreciation and operational efficiencies.
Topics: EBITDA Increase Gold Production Metal Prices Revenue Growth Silver Production
Read the full article at Motley Fool
Part of the story First Majestic Silver Reports Q3 2026 Revenue Growth Amid Higher Metal Prices (3 articles)