First Majestic Silver (AG) Operating Expenses (2010 - 2026)
First Majestic Silver (AG) posted Operating Expenses of $16.17 million for the quarter ended Jun 30, 2026, up 29.3% from $12.51 million a year earlier but down 3.2% from the prior quarter.
First Majestic Silver (AG) Operating Expenses (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at First Majestic Silver was $61.97 million, up 19.9% year-over-year; for the year ended Dec 31, 2025, it was $807.11 million, up 72.2% from the prior year.
- Annual Operating Expenses shows a five-year compound annual growth rate of 61.5% (years ended Dec 2020 to Dec 2025).
- In prior years, First Majestic Silver's Operating Expenses was $468.7 million in the year ended Dec 31, 2024 (+124.6%), $208.68 million in the year ended Dec 31, 2023 (-65.6%), $607.47 million in the year ended Dec 31, 2022 (+18.7%) and $511.73 million in the year ended Dec 31, 2021 (+597.1%).
- Quarterly Operating Expenses has run from a low of $6.34 million in the quarter ended Sep 30, 2021 to a high of $18.3 million in the quarter ended Mar 31, 2025 over five years.
- On a year-over-year basis, Operating Expenses increased in six of the last eight quarters, with growth averaging 27.5%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was the quarter ended Mar 31, 2025, with growth of 98.1%; the weakest was the quarter ended Dec 31, 2021, with a decline of 90.4%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $16.7 million (quarter ended Mar 31, 2026), $14.9 million (quarter ended Dec 31, 2025) and $14.2 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 1.67 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 3.02 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | -427.80 Mn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 5.03 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 57.95 Mn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 165.00 Mn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 405.00 Mn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | -780.00 Mn |
| 10 | First Majestic Silver | 8.69 Bn | 5.16 Bn | 223.62 Mn | 16.17 Mn |
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 | 8.60 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 |
First Majestic Silver Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=AG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "AG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=AG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();