Market News AIOpen the app

First Majestic Silver's San Dimas mine is still affected by a labor dispute, causing production issues and higher costs.

ResultsRead the original at Benzinga
Neutral

First Majestic reported higher operating earnings and cash flow, but sales missed estimates and the unresolved strike cut production as costs rose. The gains and setbacks leave its outlook unchanged.

AG · First Majestic Silver Corp.

AI read · Neutral

The AI's read

Higher metal prices lifted operating earnings and cash flow, and First Majestic ended the quarter with $1.23 billion in treasury holdings. But the San Dimas dispute remains unresolved, production fell, costs rose, and sales missed estimates. These gains and setbacks leave the company's outlook unchanged.

Get alerts for AG

Follow First Majestic Silver Corp. (AG) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for AG
Free on the App Store and Google Play, or on the web.