First Majestic reports high-grade silver, gold finds at San Dimas mine

VANCOUVER - First Majestic Silver Corp. (NYSE:AG) (TSX:AG), a $4.28 billion market cap silver producer whose stock has surged nearly 60% over the past year, reported Monday that ongoing exploration drilling at its San Dimas mine in Durango, Mexico has intersected significant high-grade silver and gold mineralization across multiple veins. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 3.27.

The exploration program, designed to discover new veins and expand mineral resources, yielded notable results including a 3.57-meter intersection grading 15.93 g/t gold and 1,112 g/t silver at the Elia vein, and a 5.17-meter section containing 7.66 g/t gold and 495 g/t silver at the Sinaloa vein. These exploration efforts come as First Majestic demonstrates strong operational performance, with revenue growing 61.34% in the last twelve months.

Drilling also discovered high-grade mineralization in the previously unexplored Coronado vein in the West Block area, with an intersection of 2.12 meters grading 2.59 g/t gold and 327 g/t silver, highlighting potential for new resource discoveries.

"These new results confirm our view that San Dimas has significant growth opportunities," Keith Neumeyer, President & CEO of First Majestic, said in the press release statement.

The company reported positive results from several other areas, including the Roberta vein with an intersection of 1.52 meters at 6.40 g/t gold and 472 g/t silver, and the Santa Teresa vein with 2.53 meters at 9.65 g/t gold and 121 g/t silver.

First Majestic’s drilling program follows established quality assurance and control protocols, with samples analyzed at the company’s ISO 9001:2015 certified Central laboratory.

The San Dimas Silver/Gold Mine is one of four producing underground mines operated by First Majestic in Mexico, alongside the company’s Los Gatos, Santa Elena, and La Encantada mines. With the stock trading near its 52-week high of $9.48, investors seeking detailed analysis can access comprehensive valuation metrics and 12 additional ProTips through InvestingPro’s exclusive research reports, which provide deep-dive analysis of 1,400+ top stocks.

In other recent news, First Majestic Silver Corp reported a record revenue of $268 million for the second quarter of 2025, reflecting a 94% increase compared to the same period last year. However, the company’s earnings per share (EPS) fell slightly short of analysts’ expectations. Despite this, First Majestic Silver remains optimistic, projecting potential revenue of $1 billion for the year 2025. This revenue growth stands out as a significant development for the company. The recent earnings call highlighted these achievements and future projections. Investors and analysts are closely monitoring these developments as they assess the company’s financial health.

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