First Majestic Silver Corp. Marks Increased Production and Record Safety Performance in Q4 2024

An update from First Majestic Silver ( (TSE:AG) ) is now available.

First Majestic Silver Corp. announced a total production of 5.7 million silver equivalent ounces in Q4 2024, with the full-year production reaching 21.7 million AgEq ounces, aligning with their revised guidance. The company experienced a 4% increase in quarterly production driven by a 20% rise in consolidated silver output. Notably, the La Encantada mine achieved its highest quarterly production since Q2 2023, contributing to these results. Additionally, First Majestic’s safety performance set a new benchmark, with significant improvements in the Total Reportable Incident Frequency Rate and the Lost Time Incident Frequency Rate, establishing an all-time record and peer-leading safety performance.

More about First Majestic Silver

First Majestic Silver Corp. operates in the mining industry, focusing on the production of silver and gold. The company owns and operates three producing underground mines in Mexico: the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine.

YTD Price Performance: -0.34%

Average Trading Volume: 10,244,162

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.75B

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