First Majestic Silver (AG) Operating Expenses (2010 - 2025)

First Majestic Silver (AG) posted Operating Expenses of $14.9 million for Q4 2025, up 4.89% quarter-over-quarter from $14.2 million in Q3 2025, and up 30.53% year-on-year from $11.4 million in Q4 2024.

First Majestic Silver (AG) Operating Expenses (2010 - 2025) Analysis & Trends

First Majestic Silver (AG) has reported Operating Expenses for 16 consecutive years, with $14.9 million the latest figure, recorded in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $14.9 million, up 30.53% year-over-year; the trailing twelve-month figure through Dec 2025 was $59.9 million (up 51.29% YoY), and the FY2025 annual result was $54.3 million, up 24224.0% from the prior year.
  • Operating Expenses was $14.9 million for Q4 2025 at First Majestic Silver, up from $14.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $37.0 million in Q3 2023 and troughed at -$12.0 million in Q4 2023.
  • Average Operating Expenses over 5 years is $11.0 million, with a median of $9.5 million recorded in 2024.
  • The widest YoY moves for Operating Expenses: up 332.86% in 2023, down 246.63% in 2023.
  • Over 5 years, Operating Expenses stood at $7.0 million in 2021, then grew by 16.46% to $8.2 million in 2022, then plunged by 246.63% to -$12.0 million in 2023, then surged by 195.31% to $11.4 million in 2024, then jumped by 30.53% to $14.9 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were $14.9 million in Q4 2025, $14.2 million in Q3 2025, and $12.5 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Majestic Silver 8.16 Bn 7.60 Bn 237.81 Mn 14.90 Mn
2 Endeavour Silver 2.36 Bn 2.12 Bn 93.50 Mn 25.60 Mn
3 Silvercorp Metals 2.21 Bn 1.95 Bn 99.96 Bn 3.14 Mn
4 New Pacific Metals 738.90 Mn 698.64 Mn - -
5 Highlander Silver 686.31 Mn 583.11 Mn 74,000.00 -20.42 Mn
6 Bunker Hill Mining 147.77 Mn 147.77 Mn - 2.38 Mn

Historic Data

Download Data
DateValue
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 -30.09 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
Jun 30, 2021 8.72 Mn
Mar 31, 2021 6.96 Mn