First Majestic Silver (AG) Inventory (2009 - 2026)
First Majestic Silver's (AG) quarterly Inventory came in at $106.5 million in Q2 2026, up 28.32% on a YoY basis from $83.0 million in Q2 2025, and up 18.34% quarter-over-quarter from $90.0 million in Q1 2026.
Analysis
First Majestic Silver (AG) Inventory (2009 - 2026) Analysis & Trends
First Majestic Silver (AG) has reported Inventory for 18 consecutive years, with $106.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Inventory rose 28.32% year-over-year to $106.5 million; the trailing twelve-month figure through Jun 2026 stood at $106.5 million (up 28.32% YoY), and the FY2025 full-year result was $84.8 million, up 35.55% from the prior year.
- Inventory grew to $106.5 million in Q2 2026 per AG's latest filing, from $90.0 million in the prior quarter.
- Across five years, Inventory topped out at $106.5 million in Q2 2026 and bottomed at $16.2 million in Q3 2024.
- Historically, Inventory has averaged $68.0 million across 5 years, with a median of $67.1 million in 2022.
- The sharpest annual moves came in 2023 and 2025: Inventory slumped 74.68% in 2023, then surged 494.76% in 2025.
- Over 5 years, Inventory stood at $64.8 million in 2022, then plunged by 74.68% to $16.4 million in 2023, then surged by 281.31% to $62.5 million in 2024, then surged by 35.55% to $84.8 million in 2025, then gained by 25.65% to $106.5 million in 2026.
- According to Business Quant data, Inventory over the past three periods registered $106.5 million, $90.0 million, and $84.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 21.86 Bn | 20.80 Bn | 535.85 Mn | 383.42 Mn |
| 2 | Pan American Silver | 21.66 Bn | 20.09 Bn | 457,000.00 | 644.00 Mn |
| 3 | Hecla Mining | 13.89 Bn | 13.40 Bn | 332.52 Mn | 59.91 Mn |
| 4 | First Majestic Silver | 10.30 Bn | 9.46 Bn | 223.62 Mn | 106.49 Mn |
| 5 | Endeavour Silver | 2.92 Bn | 2.68 Bn | 74.00 Mn | 71.30 Mn |
| 6 | Silvercorp Metals | 2.75 Bn | 2.56 Bn | 104.04 Mn | 5.97 Mn |
| 7 | Americas Gold & Silver | 1.72 Bn | 1.63 Bn | 22.23 Mn | 16.55 Mn |
| 8 | Vizsla Silver | 1.41 Bn | 1.41 Bn | - | - |
| 9 | New Pacific Metals | 1.06 Bn | 1.06 Bn | - | - |
| 10 | Santacruz Silver Mining | 918.47 Mn | 851.45 Mn | 51.14 Mn | 71.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 106.49 Mn |
| Mar 31, 2026 | 89.99 Mn |
| Dec 31, 2025 | 84.75 Mn |
| Sep 30, 2025 | 96.23 Mn |
| Jun 30, 2025 | 82.99 Mn |
| Mar 31, 2025 | 83.40 Mn |
| Dec 31, 2024 | 62.52 Mn |
| Sep 30, 2024 | 16.18 Mn |
| Jun 30, 2024 | 68.49 Mn |
| Mar 31, 2024 | 67.69 Mn |
| Dec 31, 2023 | 16.40 Mn |
| Sep 30, 2023 | 60.56 Mn |
| Jun 30, 2023 | 57.95 Mn |
| Mar 31, 2023 | 71.05 Mn |
| Dec 31, 2022 | 64.76 Mn |
| Sep 30, 2022 | 63.01 Mn |
| Jun 30, 2022 | 66.61 Mn |
| Mar 31, 2022 | 65.37 Mn |
| Dec 31, 2021 | 60.61 Mn |
| Sep 30, 2021 | 71.76 Mn |