Los Gatos was First Majestic Silver’s largest segment in fiscal 2025, bringing in $489.76M of $1.26B (39%).
| Segments [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Los Gatos | — | — | — | $489.76M | ||||||
| San Dimas | — | $242.96M | $198.19M | $301.62M | ||||||
| Mexico - San Dimas | $228.70M | — | — | — | ||||||
| Santa Elena | — | $224.36M | $288.20M | $346.44M | ||||||
| Mexico - Santa Elena | $190.19M | — | — | — | ||||||
| Revenue | — | — | — | — | ||||||
| Mexico - La Encantada | $67.72M | $64.12M | $65.34M | $100.93M | ||||||
| United States Jerritt Canyon | $130.22M | $40.52M | $4.00M | $1.33M | ||||||
| Mexico - La Parrilla | — | — | — | — | ||||||
| Mexico - San Martin | — | — | — | — | ||||||
| Mexico - Non-Producing Properties | — | — | — | — | ||||||
| Mexico - Del Toro | — | — | — | — | ||||||
| United States - First Mint | — | $8.89M | $16.00M | $49.43M | ||||||
| Mexico - La Guitarra | — | — | — | — | ||||||
| All Other Segments & La Guitarra | $11.71M | — | — | — | ||||||
| All Other Segments | — | — | — | — | ||||||
| Non Producing Properties | — | — | — | — | ||||||
| Intercompany Elimination | -$4.32M | -$7.04M | -$11.12M | -$32.33M | ||||||
| Total | $624.22M | $573.80M | $560.60M | $1.26B |
First Majestic Silver brought in $1.26B from its seven segments in fiscal 2025, the year ended December 31, 2025. First Majestic Silver regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $560.60M. Los Gatos was the largest at $489.76M (39.0%), ahead of Santa Elena at $346.44M (27.6%) and San Dimas at $301.62M (24.0%). The other three segments brought in $151.68M combined.
Compared with fiscal 2024, United States - First Mint grew fastest, up 208.9% to $49.43M. Every segment above 2% of revenue grew.
First Majestic Silver began breaking out Los Gatos in fiscal 2025, San Dimas in fiscal 2023, Santa Elena in fiscal 2023 and United States - First Mint in fiscal 2023. First Majestic Silver stopped reporting Mexico - San Dimas ($228.70M in fiscal 2022), Mexico - Santa Elena ($190.19M in fiscal 2022) and All Other Segments & La Guitarra ($11.71M in fiscal 2022) as separate segments. The total is net of Intercompany Elimination, which took $32.33M off revenue in fiscal 2025.
First Majestic Silver (AG) reports its revenue by segments [axis]. In fiscal 2025, Los Gatos was its largest segment, bringing in $489.76M (39.0% of the total), followed by Santa Elena at $346.44M (27.6%).
Los Gatos was First Majestic Silver's largest segment in fiscal 2025, bringing in $489.76M, or 39.0% of the $1.26B total across its seven segments.
Every figure comes from First Majestic Silver's annual financial filings, as reported. Each line keeps the name First Majestic Silver gives it, and years follow its fiscal calendar.
First Majestic Silver's revenue by segments [axis] goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.