First Majestic Silver Surges 2.28% on 46.73% Volume Spike to 367th Market Ranking as Strategic Shift and Reserve Updates Drive Mixed Investor Signals

On Sept. 25, 2025, First Majestic Silver Co. (AG) surged 2.28% while trading volume hit $310 million, a 46.73% increase from the previous day, ranking it 367th in overall market activity. The stock's performance followed a strategic shift in its silver production plan, with management confirming a 20% reduction in exploration spending to prioritize cash flow preservation. A separate regulatory filing revealed updated reserve estimates at its San Jose mine, showing a 12% increase in measured resources but a 7% decline in indicated reserves due to lower-grade ore in newly surveyed areas.

Analysts noted the volume spike aligned with renewed institutional interest after the company's Q2 production report showed a 9% sequential rise in silver output. The reserve disclosure, while positive for measured resources, introduced technical complexity in valuation models as indicated reserves—critical for mine life projections—contracted. Short-term traders appeared to capitalize on the mixed signals, with options data showing increased call volume in the 25-27 strike range for October expiration.

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