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% YoY from $12.5 million in Q2 2025, and up 8.56% on a QoQ basis from $14.9 million in Q4 2025.
First Majestic Silver (AG) Operating Expenses (2010 - 2026) Analysis & Trends
First Majestic Silver (AG) has 16 years of Operating Expenses data on file, last reported at $16.2 million in Q2 2026.
- Quarterly Operating Expenses rose 29.26% year-over-year to $16.2 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $57.8 million (up 25.38% YoY) and the FY2025 annual result came in at $54.3 million, up 24224.0% from the prior year.
- Operating Expenses rose to $16.2 million in Q2 2026, from $14.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $16.9 million in Q3 2023 to a low of $8.2 million in Q4 2022.
- A 5-year average of $11.3 million and a median of $10.3 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses surged 97.39% — and 2024, when it sank 44.03%.
- Tracing AG's Operating Expenses over 5 years: stood at $8.2 million in 2022, then grew by 5.38% to $8.6 million in 2023, then jumped by 32.62% to $11.4 million in 2024, then jumped by 30.53% to $14.9 million in 2025, then rose by 8.56% to $16.2 million in 2026.
- The last three Operating Expenses figures came in at $16.2 million (Q2 2026), $14.9 million (Q4 2025), and $14.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 10.46 Bn | 9.21 Bn | 223.62 Mn | 16.17 Mn |
| 2 | Endeavour Silver | 3.24 Bn | 3.01 Bn | 74.00 Mn | 28.60 Mn |
| 3 | Silvercorp Metals | 2.80 Bn | 2.41 Bn | 84.75 Mn | 2.68 Mn |
| 4 | New Pacific Metals | 1.26 Bn | 1.22 Bn | - | -250,034.00 |
| 5 | Highlander Silver | 1.08 Bn | 978.81 Mn | 491,000.00 | -17.49 Mn |
| 6 | Bunker Hill Mining | 181.61 Mn | 181.61 Mn | - | 3.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.17 Mn |
| Dec 31, 2025 | 14.90 Mn |
| Sep 30, 2025 | 14.20 Mn |
| Jun 30, 2025 | 12.51 Mn |
| Mar 31, 2025 | 12.72 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 | 6.99 Mn |
| Sep 30, 2021 | 6.21 Mn |
| Jun 30, 2021 | 6.90 Mn |