First Majestic Silver Reports Record Q4 Cash Flow

First Majestic Silver ( (AG) ) has released its Q4 earnings. Here is a breakdown of the information First Majestic Silver presented to its investors.

First Majestic Silver Corp. is a publicly traded mining company focused on silver and gold production, primarily operating in Mexico and the United States. The company owns and operates several underground mines and a minting facility, offering silver products directly to consumers.

In its latest earnings report, First Majestic Silver announced record free cash flow for the fourth quarter of 2024, accompanied by notable improvements in key financial metrics. The company also declared a quarterly dividend, reflecting its commitment to delivering shareholder value.

Key highlights from the report include a significant increase in free cash flow, which rose by 119% quarter over quarter to $68.4 million. This was driven by improved silver equivalent production and higher realized silver prices. Revenues increased by 18% to $172.3 million, while EBITDA rose by 68% to $62.0 million. Additionally, the company saw improvements in cash costs and all-in sustaining costs per ounce.

Throughout 2024, First Majestic achieved several milestones, including meeting its annual production and cost guidance and realizing a 40% increase in cash flow from operations. The company’s sustainability score also improved, placing it in the top third of the mining and metals industry.

Looking ahead, First Majestic Silver maintains a strong liquidity position and continues to focus on operational efficiency and strategic growth. The management’s outlook remains positive, with expectations of further performance enhancements as they integrate recent acquisitions and capitalize on favorable market conditions.