First Majestic Silver (AG) Operating Expenses (2010 - 2026)
First Majestic Silver's (AG) quarterly Operating Expenses came in at $16.2 million in Q2 2026, up 29.26% on a YoY basis from $12.5 million in Q2 2025, and down 3.18% quarter-over-quarter from $16.7 million in Q1 2026.
Analysis
First Majestic Silver (AG) Operating Expenses (2010 - 2026) Analysis & Trends
First Majestic Silver (AG) has reported Operating Expenses for 17 consecutive years, with $16.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 29.26% year-over-year to $16.2 million; the trailing twelve-month figure through Jun 2026 stood at $62.0 million (up 19.94% YoY), and the FY2025 full-year result was $54.3 million, down 75.68% from the prior year.
- Operating Expenses fell to $16.2 million in Q2 2026 per AG's latest filing, from $16.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $18.3 million in Q1 2025 and bottomed at -$20.4 million in Q4 2023.
- Historically, Operating Expenses has averaged $10.3 million across 5 years, with a median of $10.8 million in 2022.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses plunged 350.09% in 2023, then jumped 155.88% in 2024.
- Over 5 years, Operating Expenses stood at $8.2 million in 2022, then slumped by 350.09% to -$20.4 million in 2023, then surged by 155.88% to $11.4 million in 2024, then soared by 30.53% to $14.9 million in 2025, then advanced by 8.56% to $16.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $16.2 million, $16.7 million, and $14.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 21.60 Bn | 20.55 Bn | 535.85 Mn | 869.08 Mn |
| 2 | Pan American Silver | 20.16 Bn | 18.60 Bn | 457,000.00 | -18,000.00 |
| 3 | Hecla Mining | 13.94 Bn | 13.46 Bn | 332.52 Mn | 188.15 Mn |
| 4 | First Majestic Silver | 10.14 Bn | 8.89 Bn | 223.62 Mn | 16.17 Mn |
| 5 | Endeavour Silver | 3.15 Bn | 2.92 Bn | 74.00 Mn | 28.60 Mn |
| 6 | Silvercorp Metals | 2.75 Bn | 2.37 Bn | 104.04 Mn | 2.68 Mn |
| 7 | Americas Gold & Silver | 1.43 Bn | 1.34 Bn | 22.23 Mn | -9.06 Mn |
| 8 | Vizsla Silver | 1.39 Bn | 1.39 Bn | - | -2.26 Mn |
| 9 | New Pacific Metals | 1.05 Bn | 1.05 Bn | - | -1.58 Mn |
| 10 | Santacruz Silver Mining | 935.33 Mn | 868.31 Mn | 51.14 Mn | -13.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.17 Mn |
| Mar 31, 2026 | 16.70 Mn |
| Dec 31, 2025 | 14.90 Mn |
| Sep 30, 2025 | 14.20 Mn |
| Jun 30, 2025 | 12.51 Mn |
| Mar 31, 2025 | 18.30 Mn |
| Dec 31, 2024 | 11.41 Mn |
| Sep 30, 2024 | 9.44 Mn |
| Jun 30, 2024 | 9.51 Mn |
| Mar 31, 2024 | 9.24 Mn |
| Dec 31, 2023 | -20.42 Mn |
| Sep 30, 2023 | 16.87 Mn |
| Jun 30, 2023 | 11.67 Mn |
| Mar 31, 2023 | 8.45 Mn |
| Dec 31, 2022 | 8.17 Mn |
| Sep 30, 2022 | 8.55 Mn |
| Jun 30, 2022 | 9.38 Mn |
| Mar 31, 2022 | 10.28 Mn |
| Dec 31, 2021 | 7.01 Mn |
| Sep 30, 2021 | 6.34 Mn |