NYSE$AG
First Majestic Silver Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
First Majestic reported increased revenue, record free cash flow, and strong liquidity for Q4 2024.
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.
Headline financials
Revenue & EPS history
First Majestic · Revenue · Quarterly
$172M
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.
Tailwinds
- 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.
Headwinds
- 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.
- Uncertainty in global economic conditions impacting demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+0.7%
Avg return
Earnings day
-0.8%
Avg return
5 days after
-2.0%
Avg return
30 days after
51%
32 / 63 earnings
Positive
+19.0%
Q2 2015
Best reaction
-20.4%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.2% | -13.6% | -28.4% | |
| Q4 2025 | +9.7% | +30.6% | -19.2% | |
| Q2 2025 | -1.0% | +6.8% | +9.2% | |
| Q4 2024 | +7.3% | +1.9% | +28.9% | |
| Q3 2024 | -1.4% | -4.0% | -7.2% | |
| Q2 2024 | -18.1% | -19.3% | -9.5% | |
| Q1 2024 | +3.2% | -10.1% | -0.8% | |
| Q4 2023 | +4.5% | +3.1% | +20.2% | |
| Q3 2023 | -6.6% | -7.9% | +20.4% | |
| Q2 2023 | -1.3% | -2.4% | -3.3% | |
| Q1 2023 | -1.2% | -1.4% | -14.3% | |
| Q4 2022 | -14.1% | -12.4% | -5.9% | |
| Q3 2022 | +1.6% | +3.2% | -5.3% | |
| Q2 2022 | +9.2% | +12.5% | -0.7% | |
| Q1 2022 | -0.7% | +0.7% | +8.3% | |
| Q4 2021 | +4.8% | +4.1% | +5.4% | |
| Q3 2021 | +5.3% | +8.2% | -14.8% | |
| Q2 2021 | -5.4% | -7.1% | +0.3% | |
| Q1 2021 | +9.7% | +10.2% | +17.7% | |
| Q4 2020 | +0.4% | +11.0% | -3.2% | |
| Q3 2020 | +12.7% | +3.3% | +5.3% | |
| Q2 2020 | -6.1% | -17.3% | -16.7% | |
| Q1 2020 | +15.6% | +23.1% | +21.0% | |
| Q4 2019 | -4.0% | -3.2% | -45.6% | |
| Q3 2019 | -3.7% | +4.0% | +2.8% | |
| Q2 2019 | +9.3% | +7.8% | -0.2% | |
| Q1 2019 | +0.7% | +1.5% | +10.3% | |
| Q4 2018 | +6.8% | -3.5% | +4.9% | |
| Q3 2018 | -2.8% | -10.7% | -9.8% | |
| Q2 2018 | -13.3% | -19.0% | -13.4% | |
| Q1 2018 | +5.5% | +3.5% | +6.6% | |
| Q4 2017 | +2.4% | +4.6% | +13.6% | |
| Q3 2017 | -5.8% | -1.2% | -2.0% | |
| Q2 2017 | -20.4% | -22.3% | -9.3% | |
| Q1 2017 | -4.6% | -5.1% | +5.0% | |
| Q4 2016 | -1.7% | -8.2% | -19.6% | |
| Q3 2016 | +8.4% | +2.7% | +8.0% | |
| Q2 2016 | -0.5% | -5.0% | -33.2% | |
| Q1 2016 | +9.1% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | -3.7% | — | — | |
| Q2 2015 | +19.0% | — | — | |
| Q1 2015 | +2.3% | — | — | |
| Q4 2014 | +2.7% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | -5.3% | — | — | |
| Q2 2013 | +14.4% | — | — | |
| Q1 2013 | +14.4% | — | — | |
| Q4 2012 | -5.0% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | +2.7% | — | — | |
| Q4 2011 | -10.3% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q2 2011 | -6.5% | — | — | |
| Q1 2011 | -6.5% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q2 2010 | -5.9% | — | — | |
| Q1 2010 | +6.2% | — | — |
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