Company data sheet · First Majestic Silver
First Majestic Silver: four lost years, and the economy wasn't the reason.
- Industry
- Gold and Silver Ores
- Headquarters
- Canada
- Ticker
- AG (NYSE)
- Sources
- SEC filings (2004–2026), Stratrix's verified Decision Cases, market data and official economic statistics for Canada
- Data as of
- October 18, 2026
- From profit to four straight losses. First Majestic Silver earned $0 billion in 2020–2020. Then it lost money every year from 2021 to 2024: $0.4 billion in all. 2025 was its first profit in five years: $0.2 billion.
- It outgrew its own economy many times over. Revenue rose from $0.3 billion in 2016 to $1.3 billion in 2025: 4.5 times as much. Canada's economy, counted the same way in money terms, grew about 55%. Whatever drove it, the economy around it does not account for growth of that size.
- It wasn't the cycle. The losses began in 2021, a year Canada economy grew 6.1%. When a company falls while its economy grows, look inside the company first.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 352% in US dollars; the median among 77 large energy and mining companies grew 149%. It outgrew 82% of them.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0.3 billion | $0 billion | |
| 2017 | $0.3 billion | −$0.1 billion | |
| 2018 | $0.3 billion | −$0.2 billion | |
| 2019 | $0.4 billion | −$0 billion | |
| 2020 | $0.4 billion | $0 billion | |
| 2021 | $0.6 billion | −$0 billion | |
| 2022 | $0.6 billion | −$0.1 billion | |
| 2023 | $0.6 billion | −$0.1 billion | |
| 2024 | $0.6 billion | −$0.1 billion | |
| 2025 | $1.3 billion | $0.2 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 6 measures for Canada, every year since 2016, from the official sources.
- Peer comparison: against 175 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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