First Majestic Silver Reports Record Q1 Earnings Amid Market Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Source: stocktwits
First Majestic Silver Corp experienced a significant price drop of 11.47%, hitting a 5-day low, as broader market conditions weighed heavily on the stock.
Despite the decline, First Majestic reported record quarterly revenue of $476.7 million for Q1, a remarkable 95% year-over-year increase, driven by high metal prices. The company's adjusted net earnings surged to $151.7 million, showcasing strong profitability and a robust cash flow from operations of $310.6 million. However, rising costs and a slight decline in production posed challenges, yet the company remains optimistic about future profitability, especially with plans to invest in restarting production at the Jerritt Canyon Gold Mine.
The strong earnings report highlights First Majestic's resilience in a challenging market, but the stock's current decline reflects broader market weakness, indicating a potential sector rotation impacting silver stocks.
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Analyst Views on AG
Wall Street analysts forecast AG stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 21.080
Low
19.03
Averages
22.18
High
24.50
Current: 21.080
Low
19.03
Averages
22.18
High
24.50
About AG
First Majestic Silver Corp. is a mining company. The Company is focused on silver and gold production in Mexico and the United States. It owns and operates approximately 350,000 hectares of land package, which include the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, and a 70% joint venture interest in the Cerro Los Gatos Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. The Cerro Los Gatos Mine is located around 120 kms south of Chihuahua City, Mexico.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Silver Crash: Spot silver plummeted over 8% to $76.7 per ounce, with futures dropping nearly 10%, indicating a sharp decline in demand for precious metals, which may lead to further stock price declines for related mining companies.
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- Polymetallic System Potential: The company plans to drill over 5,000 meters across the Magno, Kuhn, and D Zones, targeting high-grade mineralization, with historical results showing silver grades up to 2,370 g/t, enhancing the project's appeal.
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