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.