First Majestic is producing real cash in a high silver and gold price tape. The decision point is whether costs, Mexico tax risk, resource conversion and Jerritt Canyon restart spending leave enough of that cash for shareholders.
References
Sources used in this report
SEC datasetSEC company tickers exchange dataset2026-05-14 · Issuer name, ticker, CIK and NYSE listing confirmation.SEC APISEC submissions for First Majestic2026-05-14 · Filing chronology, fiscal year end, SIC, address, Form 40-F and recent 6-K filings.Earnings releaseFirst-quarter 2026 financial-results release2026-05-12 · Revenue, adjusted EBITDA, net earnings, free cash flow, treasury, production, costs, realized prices and dividend.Interim MD&AFirst-quarter 2026 MD&A2026-05-12 · Mine-level operating metrics, liquidity, tax matters, risks and management analysis.Interim financial statementsFirst-quarter 2026 financial statements2026-05-12 · Cash, restricted cash, working capital, debt, taxes and cash-flow support.Annual filing exhibitFiscal 2025 Annual Information Form2026-03-31 · Business, mines, streams, joint venture rights, First Mint, Jerritt Canyon, risks and tax matters.Annual MD&AFiscal 2025 MD&A2026-03-31 · Annual operating and financial context, liquidity, capital allocation and risks.Audited financial statementsFiscal 2025 audited financial statements2026-03-31 · Annual financial statements, reclamation obligations, cash, debt and accounting support.Guidance release2026 production and cost guidance release2026-01-15 · 2026 production guidance, cost guidance, capital plan, metal assumptions and projects.Project updateJerritt Canyon restart plan release2026-04-02 · Restart target, 2026 budget, Stantec study, historic production, resource base and technical-risk caveat.Reserve and resource update2025 reserve and resource estimates release2026-04-02 · Reserve and resource totals, Santa Elena growth, Los Gatos attributable basis and resource caveats.Government datasetUSGS Mineral Commodity Summaries 2026 data files2026 · Official silver production, U.S. import reliance and import-source context.