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Benzinga

First Majestic posts adjusted EPS of 21 cents, misses revenue estimate with $415.5 million quarterly sales

AI Market Summary
First Majestic's quarter showed strong operating leverage to higher precious-metals prices: revenue rose 57% and adjusted EBITDA more than doubled, supported by higher realized silver and gold prices and improved mine throughput. However, EPS and revenue missed consensus, tempering near-term equity sentiment. The update reinforces that elevated gold and silver prices are translating into higher cash generation for producers, supporting dividends and buybacks.
Impact level
● Low
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● Neutral
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First Majestic reported quarterly results showing adjusted earnings of 21 cents per share, below the analyst consensus of 30 cents. Revenue rose 57% year over year to $415.5 million, but missed the Street estimate of $496.0 million. The company said stronger realized prices—up 90% for silver and 40% for gold—along with higher volumes helped lift results. Adjusted EBITDA more than doubled to $257.1 million, up 105% from a year earlier.