First Majestic Lifts 2026 Production Outlook, Names New CFO
First Majestic Silver (AG) lifted its 2026 production guidance after posting Q2 increases in silver and gold output across its mines in Mexico. Consolidated silver production is forecast at 14.6 million to 15.5 million ounces, about 10% above the original outlook, while gold guidance rose to 128,000 to 135,000 ounces, up 7%, the company said Wednesday in a statement. In Q2, First Majestic produced 3.8 million ounces of silver, up 3% from a year earlier, and 34,660 ounces of gold, up 2%. Neil Beaumont was named chief financial officer, succeeding David Soares, who left the company. The appointment was effective Thursday, First Majestic said. Beaumont previously served as chief financial and risk officer at the Canada Pension Plan Investment Board. Full Q2 results are expected July 30.
First Majestic Silver (AG) lifted its 2026 production guidance after posting Q2 increases in silver and gold output across its mines in Mexico.
Consolidated silver production is forecast at 14.6 million to 15.5 million ounces, about 10% above the original outlook, while gold guidance rose to 128,000 to 135,000 ounces, up 7%, the company said Wednesday in a statement.
In Q2, First Majestic produced 3.8 million ounces of silver, up 3% from a year earlier, and 34,660 ounces of gold, up 2%.
Neil Beaumont was named chief financial officer, succeeding David Soares, who left the company.
The appointment was effective Thursday, First Majestic said.
Beaumont previously served as chief financial and risk officer at the Canada Pension Plan Investment Board.
Full Q2 results are expected July 30.