First Majestic Silver Corp. AG is benefiting from strength in its First Mint LLC business, its wholly owned minting facility. Revenues from the business surged 149.5% to $22.7 million in fourth-quarter 2025.
In the quarter, sales from the First Mint business increased 10% year over year to 325,143 ounces of silver. The ounces of silver sold by the business during the quarter accounted for approximately 8% of the company’s total silver production. The quarterly results were supported by a higher average realized silver price, which soared 127% year over year to $69.74 per ounce.
First Mint’s ISO 9001 certification (received in April 2025) has made the business’ silver product sales eligible for Individual Retirement Accounts (IRAs). Strong operational performance at the business has allowed First Majestic to sell a larger share of its total silver production to its bullion customers and shareholders.
Silver prices have soared over the past year due to strong safe-haven demand, geopolitical tensions and escalating trade conflicts. Silver has benefited from resilient industrial demand and mounting supply deficits.
Demand for electronics, electrification and solar energy now accounts for more than half of global silver demand. First Mint is well-positioned for long-term growth with expansionary capabilities that would allow it to cater to the rising demand and support third-party manufacturing.
