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Dec 31, 2024
First Majestic Q4 2024 Earnings Report
First Majestic reported increased revenue, record free cash flow, and strong liquidity for Q4 2024.
Key Takeaways
First Majestic Silver Corp. reported Q4 2024 revenues of $172.3 million, up 18% sequentially and 26% year-over-year. The company achieved record free cash flow of $68.4 million, reflecting a 119% sequential increase. Mine operating earnings grew 69% quarter-over-quarter to $48.2 million. However, the company posted a net loss of $13.5 million due to non-cash tax adjustments. Adjusted EPS was $0.03 per share.
Revenue increased 18% quarter-over-quarter to $172.3 million.
Record free cash flow of $68.4 million, up 119% quarter-over-quarter.
Net loss of $13.5 million primarily due to non-cash tax adjustments.
Adjusted EPS of $0.03 per share, reversing a loss from the prior quarter.
Revenue by Segment
Forward Guidance
First Majestic expects continued strong cash flow generation driven by high silver prices and operational efficiencies. The company anticipates production increases and lower costs in 2025 but faces potential currency volatility and economic uncertainties.
Positive Outlook
- Expected increase in silver equivalent production.
- Lower operating costs projected due to efficiency improvements.
- Strong cash position provides operational flexibility.
- Continued high silver prices supporting revenue growth.
- Strategic investments in First Mint to expand market reach.
Challenges Ahead
- Potential foreign exchange risks due to Mexican peso volatility.
- Possible cost pressures from inflation in mining supplies.
- Lower gold production could offset silver gains.
- Continued regulatory challenges in mining operations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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