First Majestic Silver Corp: $1 Billion Treasury Could Facilitate More Exciting Merger Activity

Summary First Majestic Silver Corp. has delivered a 240% share price gain since January 2025, reinforcing my conviction in the precious metals sector and this stock. Q2 2026 financials show strong free cash flow growth and a $1.25B cash position, but AISC rose 22% to $25.68/oz, warranting close monitoring. AG increased its quarterly dividend by 217% and continued share repurchases, supporting capital returns and potential for further stock appreciation. Despite sector volatility and macro headwinds, technicals and structural silver deficits suggest continued upside, justifying my intent to hold or increase exposure. ultramarinfoto/iStock via Getty Images Introduction As a gold and silver bug at heart, my focus is on the gold and silver miners, where I am heavily weighted in the silver producers. Both have served their investors very well over the last year or two. Today I will take This article was written by Bob Kirtley 6.36K Followers Follow Bob Kirtley has traded options and stocks since 1980. Bob Kirtley spent many years working on Oil projects including some in Alberta, such as the tar sands installations in Fort McMurray. He lived and worked in many different countries, as that is the nature of the construction business. Planning and cost control are key to a projects success and he tries to apply those disciplines on a daily basis when dealing with investments. His training in such areas as SWOT and Risk analysis can be applied from time to time. His qualifications include being chartered in the United Kingdom, which is similar to that of a Professional Engineer in Canada, along with a Masters Degree in Project Management from South Bank University, London, England. He has been working for a number of years on a full time basis representing a group of investors in England. Analyst’s Disclosure: I/we have a beneficial long position in the shares of AG, PAAS, EXK, SVM, DSVSF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.