What is the market's earnings forecast for First Majestic next quarter?

What is First Majestic's gross profit margin?

Did First Majestic beat or miss consensus estimates last quarter?

What were the key takeaways from First Majestic’s earnings call?

What is First Majestic's latest dividend and current dividend yield?

What does First Majestic do and what are its main business segments?

What guidance did First Majestic's management provide for the next earnings period?

What were the key takeaways from First Majestic's earnings call?

- **Record Q3 Performance**: 3.9M oz silver produced, $128M EBITDA, and 22% YoY cash flow growth.
- **Tax Issue Clarification**: 13-year tax dispute deemed non-material, with active resolution efforts involving multiple governments.
- **Operational Excellence**: Mine expansions, cost reductions, and $140M in strategic metal inventory.
- **Share Buybacks**: Active repurchases in Q3, with plans to continue.

**【CEO Opening Remarks】**
- CEO addresses a 13-year tax dispute with Mexico, emphasizing it's non-material to operations and ongoing resolution efforts involve multiple governments and legal teams.
- Highlights company focus on mining efficiency, cost reduction, and investor wealth creation, rejecting analyst focus on tax issues.

**【Operational Highlights】**
- Q3 2025: Record silver production (3.9M oz), revenue, and EBITDA ($128M), with cash flow up 22% YoY to $98M.
- Operational improvements: Los Gatos mine throughput expansion to 4,000 tpd, Santa Elena cost reductions, and sub-level caving implementation at La Encantada.
- Inventory monetization: $50M in unprocessed metals held for strategic timing, with $140M in marketable securities.

**【Q&A Highlights】**
- Share buybacks: Company executed purchases in Q3, with plans to continue based on market conditions.
- Jerritt Canyon update: Management expects to release a go-forward plan by end-2025, with resource estimate updates for Navidad in Q1 2026.

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