First Majestic Silver jumps as silver spikes and Jerritt Canyon restart plan gains attention
First Majestic Silver (AG) is rallying as silver prices surge, lifting the whole silver-miner complex. The move is also being supported by a fresh company catalyst: a newly announced restart plan for its Jerritt Canyon gold mine targeting production in the second half of 2027 with $75 million of 2026 investment.
1. What’s moving the stock today
First Majestic Silver shares are trading sharply higher in today’s session as silver prices push higher, driving broad buying across silver producers and royalty/streaming names. With AG functioning as a high-beta proxy for silver, a strong up-day in the metal often translates into outsized equity gains for the miner as traders re-price near-term revenue and margin expectations.
2. Company-specific catalyst in the background
Beyond the metal tape, investors are also digesting First Majestic’s recently announced plan to restart its Jerritt Canyon gold mine in Nevada. The company laid out a path toward a second-half 2027 restart and earmarked $75 million of 2026 spending to advance workstreams designed to support that restart, which has helped reinforce the “growth optionality” narrative alongside the current silver strength.
3. What to watch next
Near-term direction should remain sensitive to silver volatility and broader risk appetite. On the fundamental side, the next checkpoints are 2026 progress updates tied to study work and drilling at Jerritt Canyon, plus any revisions to production/cost outlook and capital allocation priorities that would clarify how quickly higher metal prices can translate into free cash flow.