First Majestic Silver Corp. saw a 4% increase in silver-equivalent production in Q4 2024.

From Zacks Investment Research: 2025-01-09 15:18:25

First Majestic Silver Corp. (AG) announced 5.7 million silver-equivalent ounces production in Q4 2024, with 2.4 million silver and 39,506 gold ounces. AgEq ounces increased by 4% from Q3, driven by a 20% rise in silver production across three mines. San Dimas mine produced 2,235,407 AgEq ounces, Santa Elena produced 2,719,702 AgEq ounces, and La Encantada produced 755,963 silver ounces. Total 2024 production was 21.7 million AgEq ounces, within the company’s guidance. Santa Elena mine set an annual record with 10.3 million AgEq ounces production. AG stock gained 7.4% in the past year compared to industry growth of 42.8%.

First Majestic currently holds a Zacks Rank #3 (Hold). Better-ranked stocks in the basic materials space are Carpenter Technology Corporation (CRS), Fortuna Mining Corp. (FSM), and Equinox Gold Corp. (EQX). CRS has a Zacks Rank #1 with 162.7% share growth in the past year. FSM and EQX hold a Zacks Rank #2, with FSM shares gaining 26.5% and EQX shares rising by 9.6% last year. Carpenter Technology has an average earnings surprise of 14.1%, FSM has 53.6%, and EQX has 39.2% trailing four-quarter earnings surprises.



Read more at Zacks Investment Research: First Majestic Q4 Silver-Equivalent Production Rises Sequentially – January 9, 2025