First Majestic Silver Q4 Production Climbs 37%, Shares Fall Pre-Earnings
First Majestic Silver recorded 7.8 million silver-equivalent ounces in Q4 2025, a 37% year-over-year increase driven by a 77% rise in silver output. Shares fell today after gold and silver prices declined and ahead of its Q4 earnings release due in two days.
1. Q4 Production Growth
First Majestic Silver produced 7.8 million silver-equivalent ounces in Q4 2025, a 37% increase year-over-year driven by a 77% jump in pure silver output to 4.2 million ounces. The surge reflected higher milled grades and throughput improvements across core operating mines.
2. Metal Price Impact
Gold and silver prices fell sharply on Tuesday, exerting downward pressure on the stock and triggering today’s share decline. The broader precious metals market weakness has heightened volatility ahead of key earnings releases.
3. Upcoming Q4 Earnings
First Majestic Silver is set to report fourth-quarter results in two days, with investors focused on cost controls and margin performance. Guidance updates and production outlook for 2026 are expected to feature prominently in the earnings call.