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Metal & Mining Stocks
First Majestic Silver Corp. (TSX: AG) Reports Record Silver Production in Q1 2025
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Highlights
First Majestic Silver Corp. (TSX: AG) (FSE: FMV) has reported total production of 7.7 million silver equivalent (AgEq) ounces for the first quarter of 2025. This total was derived from the Company’s four producing underground mines in Mexico: Cerro Los Gatos, Santa Elena, San Dimas, and La Encantada. The silver production included 3.7 million ounces of silver, alongside 36,469 ounces of gold, 12.5 million pounds of zinc, and 7.5 million pounds of lead.
Keith Neumeyer, President & CEO of First Majestic, highlighted the company’s impressive performance, noting a record for silver production and a significant improvement in safety during the quarter. Neumeyer emphasized that the operations at Cerro Los Gatos were a standout, contributing substantially to the overall results and now accounting for nearly 30% of First Majestic's total production.
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