AG Earnings Prediction
The chart below shows how AG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AG sees a +8.62% change in stock price 10 days leading up to the earnings, and a +3.22% change 10 days following the report. On the earnings day itself, the stock moves by -2.85%. This data can give you a slight idea of what to expect for the next quarter's release.
AG Key Earning Data
2024/Q4
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AG Earnings Analysis
First Majestic Silver Corp Corporation (AG.N) Earnings Conference Call
Positive
Strong Q4 Cash Flow: Record cash flow of $68 million in Q4, indicating strong financial performance.
Silver Equivalent Production: Achieved 21.7 million ounces of silver equivalent production in 2024, meeting guidance expectations.
Milestone Production Achievement: Santa Elena mine broke through 10 million ounces of production for the first time, showcasing operational success.
Strong Cash Position: Ended the year with a strong cash balance of $308 million and $364 million in liquidity, reflecting financial stability.
Cost Management Improvement: Cash costs decreased by 8% compared to Q1, demonstrating improved cost management.
Share Buyback Confidence: Share buyback program continued, with 50,000 shares repurchased in December, indicating confidence in the company's value.
Exploration Success and Longevity: Successful exploration programs at Santa Elena and Los Gatos, with significant land packages and long mine lives.
Mint Revenue Contribution: Mint operations generated over $9 million in revenue in Q4, contributing positively to overall performance.
2025 Silver Production Guidance: Guidance for 2025 includes a midpoint production target of around 29 million ounces of silver equivalent, with a diversified production mix.
Exploration Program Commitment: Planned exploration program for 2025 includes 270,000 meters of drilling, indicating commitment to growth and resource expansion.
Negative
Earnings Miss Report: First Majestic Silver Corp. missed earnings expectations, reporting an EPS of $0.03 compared to the expected $0.05.
Stock Price Underperformance: The company faced stock pressure due to investors paring down their positions following the Gatos transaction, leading to underperformance in the stock price over the last few weeks.
Earnings Miss Despite Cash Flow: Despite record cash flow in Q4, the overall earnings miss indicates potential operational challenges or market conditions affecting profitability.
Integration Challenges Ahead: The integration of Gatos is expected to take time, which may delay potential synergies and cost reductions, creating uncertainty in operational efficiency.
Exploration Program Shortfall: The company had a shortfall in its exploration program in 2024, completing only 180,000 meters of the planned 220,000 meters, which may impact future resource estimates.
AG FAQs
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AG Earning Call Sentiment
First Majestic Silver Corp. (NYSE:AG) Q4 2024 Earnings Call Transcript
AG.N
-2.08%Positive
The company achieved record cash flow and met production guidance, indicating strong operational performance. Despite missing EPS expectations, optimistic guidance and cost improvement expectations mitigate concerns. The continuation of the share buyback program signals confidence in the company's value. While integration challenges and market risks exist, the strong cash position and liquidity provide a buffer. The Q&A section reveals a focus on strengthening the balance sheet and a positive outlook on silver prices, enhancing the sentiment. Given the market cap, a moderate positive reaction is expected.
