Overview

* First Majestic Q3 rev up 95% yr/yr, boosted by Los Gatos Silver Mine

* Record silver production of 3.9 mln ounces, up 96% yr/yr

* Adjusted EPS for Q3 was $0.07, reflecting strong earnings growth

Outlook

* Company did not provide specific guidance for future quarters

Result Drivers

* LOS GATOS CONTRIBUTION - The addition of Los Gatos Silver Mine significantly boosted revenue and mine operating earnings

* HIGHER SILVER PRICES - Increased average realized silver price of $39.03 per AgEq ounce supported revenue growth

* SAN DIMAS IMPROVEMENTS - Operational improvements at San Dimas led to increased production and earnings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $285.10 $308 mln

Revenue mln (1

Analyst)

Q3 $0.07

Adjusted

EPS

Q3 EPS $0.06

Q3 -$32.40

Adjusted mln

Net

Income

Q3 $141.30

Adjusted mln

Free

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

* Wall Street's median 12-month price target for First Majestic Silver Corp ( AG ) is C$22.00, about 26% above its November 4 closing price of C$16.28

* The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)