FULL DISCLOSURE: First Majestic Silver is a sponsor of theDeepDive.ca.
First Majestic Silver (TSX: AG) (NYSE: AG) just delivered another massive quarter, with record revenue, a surging treasury, and one of the strongest free cash flow performances in the company’s history. Even after paying more than $95 million in cash taxes tied to 2025, the company continued to build its cash position while posting its fifth straight quarter of record topline revenue.
In this video, we break down First Majestic’s Q1 2026 results, including revenue, earnings, EBITDA, free cash flow, production, costs, and valuation. We also look at why headline cost inflation does not tell the full story, how silver prices are reshaping the company’s margins, and where First Majestic sits relative to its silver peers in the current market.
RELATED: First Majestic Silver Posts Record Treasury, Quadruples Dividend on Q1 Strength
FULL DISCLOSURE: First Majestic Silver Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Majestic Silver Corp. The author has been compensated to cover First Majestic Silver Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
