What's Happening?
BMO Capital has maintained its Market Perform rating on First Majestic Silver Corp. (NYSE:AG), while increasing the company's price objective from C$22 to C$26. This decision follows the release of year-end
production statistics, which showed significant growth in silver production. In the fourth quarter of 2025, First Majestic reported an attributable output of 7.8 million silver equivalent ounces, including 4.2 million ounces of silver and 41,417 ounces of gold. The company's silver production increased by 77% year-on-year, and silver equivalent production rose by 37%. For the entire year of 2025, production totaled 31.1 million silver equivalent ounces, surpassing expectations. Additionally, the company sold the Del Toro mine for up to $60 million and completed 57,305 meters of drilling.
Why It's Important?
The maintained rating and increased price objective by BMO Capital reflect confidence in First Majestic Silver Corp.'s operational performance and growth potential. The significant increase in silver production positions the company favorably in the precious metals market, which can attract investors looking for stable returns. The sale of the Del Toro mine and successful drilling activities further strengthen the company's financial and operational standing. This development is crucial for stakeholders, including investors and industry analysts, as it indicates robust growth and strategic asset management by First Majestic. The company's performance could influence market perceptions and investment decisions in the silver and gold sectors.
What's Next?
First Majestic Silver Corp. is likely to continue focusing on increasing its production capabilities and optimizing its asset portfolio. The company's strategic decisions, such as the sale of the Del Toro mine, suggest a focus on streamlining operations and enhancing profitability. Investors and analysts will be watching for further updates on production targets and potential acquisitions or divestitures. The company's ability to maintain or exceed production expectations will be critical in sustaining investor confidence and market performance. Additionally, any changes in market conditions or commodity prices could impact the company's future strategies and financial outcomes.
