First Majestic Silver Corp. (NYSE:AG) has significant support from hedge funds, making it one of the best junior silver mining stocks.
First Majestic Silver Corp. (NYSE:AG)’s first-quarter production update on April 9, 2026, showed a modest year-over-year decline in both silver and gold output. Management, however, stated that operations remain in line with guidance as the company continues to prioritize long-term growth investments.
Meanwhile, during the quarter, the miner produced 3.5 million ounces of silver and 34,341 ounces of gold, alongside additional zinc, lead, and copper output from its four operating mines in Mexico.
The decline was mainly driven by lower ore grades, yet overall results stayed within guidance, thanks to stronger performance at La Encantada, which helped partially offset the shortfall.
First Majestic Silver Corp. (NYSE:AG) advanced its exploration strategy, continuing development work at Jerritt Canyon in Nevada in preparation for a planned restart in the second half of 2027, finishing approximately 66,000 meters of total drilling, and reporting resource growth at key assets during Q1.
That update follows the outlook First Majestic Silver Corp. (NYSE:AG) shared earlier in the year, when it expected 2026 silver production to reach 13.0 to 14.4 million ounces, following a record 2025 output of 15.4 million ounces.
While First Majestic Silver Corp. (NYSE:AG) expects this year’s grades to be lower, it emphasized that higher capital spending, expansion activities at Santa Elena and Los Gatos, along with a 266,000-meter drilling program, will support management’s plans to extend mine life and strengthen long-term value creation.
First Majestic Silver Corp. (NYSE:AG) is a Canadian mining company focused on the acquisition, exploration, development, and production of silver and gold properties in North America. Its main products are silver bullion and gold bullion.
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