07:41 AM EDT, 08/14/2025 (MT Newswires) -- First Majestic Silver ( AG ) said Thursday that it swung to adjusted net earnings in the second quarter.

The miner booked adjusted net earnings of US$18.4 million, or US$0.04 per share, reversing a loss of US$20.4 million, or US$0.07 per share.

Revenue surged 94% to US$264.2 million from US$136.2 million following a 42% increase in silver equivalent payable ounces sold and a 24% rise in the average realized silver price, which totaled US$34.62 per ounce during the quarter.

The company produced 7.9 million silver equivalent ounces, up 48% from 5.3 million silver equivalent ounces.

The board declared a cash dividend of US$0.0048 per share for the second quarter, to be paid around Sept. 15 to shareholders of record as of Aug. 29.