First Majestic Reports Q3 Results, Withdraws Annual Guidance
Third-quarter revenue rose 38% year over year to $394.1 million; net earnings were $74.5 million, or $0.15 per share, and adjusted EPS was $0.19. The company cited a labor stoppage at San Dimas and reported $85.5 million in free cash flow.
First Majestic Silver Corp. reported third-quarter 2026 revenue of $394.1 million, a 38% increase compared to the same period in 2025, driven by higher realized silver and gold prices. The company achieved net earnings of $74.5 million, or $0.15 per share, with adjusted earnings per share of $0.19. Despite strong cash generation, including $85.5 million in free cash flow, the company announced the withdrawal of its annual production and cost guidance.
This decision follows a labor stoppage at the San Dimas mine, which has impacted operational continuity. Management noted that the company ended the quarter with a record working capital of $882.3 million and $1.23 billion in total cash and treasury.