First Majestic Silver Q2 2024 Earnings Report

First Majestic Silver EPS Results

• Actual EPS: -$0.07
• Consensus EPS: -$0.02
• Beat/Miss: Missed by -$0.05
• One Year Ago EPS: -$0.02

First Majestic Silver Revenue Results

• Actual Revenue: $136.20 million
• Expected Revenue: $129.74 million
• Beat/Miss: Beat by +$6.46 million
• YoY Revenue Growth: -7.20%

First Majestic Silver Announcement Details

• Quarter: Q2 2024
• Date: 8/1/2024
• Time: Before Market Opens
• Conference Call Date: Thursday, August 1, 2024
• Conference Call Time: 7:00AM ET

First Majestic Silver (NYSE:AG) (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango. The company’s integrated model covers exploration, mine development and mineral processing, supported by onsite milling facilities and a logistics network to deliver concentrates to regional smelters. Ongoing exploration programs aim to extend mineral reserves and optimize mine life across each asset.

Since its founding, First Majestic has grown through strategic acquisitions and project expansions, positioning itself as one of the largest primary silver producers listed on the NYSE. The company emphasizes responsible mining practices, implementing environmental, health and safety protocols and fostering partnerships with local communities to promote sustainable development in its operating regions.

Led by President and Chief Executive Officer Keith Neumeyer, First Majestic is overseen by a board of directors with extensive experience in mining finance and technical operations. With its corporate team based in Vancouver and regional offices in Mexico, the company continues to advance its exploration pipeline and pursue opportunities aimed at enhancing production and long-term shareholder value.