First Majestic's 2026 Outlook: Silver Production Targets Continued Scale Post-Acquisition
This under-the-radar mining stock boasts a Superscore of 77 from our Hidden Gems Primary database, part of The Motley Fool's Moneyball Database system. Here's why.
Overview
When a miner decides to dig deeper, it's usually because the geology gives them no other choice or because the economics demand a shift in scale. First Majestic Silver (NYSE:AG) recently found itself in the latter camp, choosing an aggressive expansion path through the $1.05 billion acquisition of the Gatos Silver Mine.
This move shifted the company from a period of operational suspension and net losses between 2022 and 2024 to a phase of record production and profitability. Based in Vancouver and operating a portfolio of silver and gold mines primarily in Mexico, the company now commands a market cap of $8.5 billion.
Details
With the stock currently trading at $19.84 as of Sept. 18, 2026, it has nearly doubled over the past year, reflecting investor enthusiasm for its sharpened focus on core assets.
Source
Originally published at www.fool.com.