First Majestic Silver AG
NYSE AG
$21.17 +0.42 (+2.02%)
As of: Sep 9, 2026 · 3:59 PM EDT

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 21.86 Bn 20.80 Bn 535.85 Mn 869.08 Mn
2 Pan American Silver 21.66 Bn 20.09 Bn 457,000.00 -18,000.00
3 Hecla Mining 13.89 Bn 13.40 Bn 332.52 Mn 188.15 Mn
4 First Majestic Silver 10.30 Bn 9.46 Bn 223.62 Mn 16.17 Mn
5 Endeavour Silver 2.92 Bn 2.68 Bn 74.00 Mn 28.60 Mn
6 Silvercorp Metals 2.75 Bn 2.56 Bn 104.04 Mn 2.68 Mn
7 Americas Gold & Silver 1.72 Bn 1.63 Bn 22.23 Mn -9.06 Mn
8 Vizsla Silver 1.41 Bn 1.41 Bn - -2.26 Mn
9 New Pacific Metals 1.06 Bn 1.06 Bn - -1.58 Mn
10 Santacruz Silver Mining 918.47 Mn 851.45 Mn 51.14 Mn -13.37 Mn
Historic Data

Historic Data

Download Data
DateValue
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