First Majestic Silver reported third quarter 2026 revenue of $394.1 million, representing a 38% increase over the same period last year. While the top line exceeded analyst expectations, earnings per share of $0.15 missed estimates, impacted by operational interruptions and rising costs. The financial performance was bolstered by higher realized metal prices and the continued integration of Gatos Silver, which was acquired earlier in the year.
Key Highlights
- Revenue increased to $394.1 million from $285.1 million in the third quarter of 2025.
- Net earnings attributable to owners surged to $74.5 million compared to $27.0 million in the prior-year period.
- The company ended the quarter with a robust liquidity position, including $1.07 billion in cash and cash equivalents.