First Majestic Silver Balance Sheet Health

Financial Health criteria checks 4/6

First Majestic Silver has a total shareholder equity of $1.4B and total debt of $219.8M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are $2.0B and $618.2M respectively.

Key information

16.2%

Debt to equity ratio

US$219.81m

Debt

Interest coverage ratio	n/a
Cash	US$187.96m
Equity	US$1.36b
Total liabilities	US$618.24m
Total assets	US$1.98b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 0QYC's short term assets ($309.1M) exceed its short term liabilities ($120.1M).

Long Term Liabilities: 0QYC's short term assets ($309.1M) do not cover its long term liabilities ($498.1M).

Debt to Equity History and Analysis

Debt Level: 0QYC's net debt to equity ratio (2.3%) is considered satisfactory.

Reducing Debt: 0QYC's debt to equity ratio has reduced from 25.1% to 16.2% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 0QYC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 0QYC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

First Majestic Silver Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Recent updates

First Majestic Silver Corp. to Report Q1, 2024 Results on May 08, 2024

First Majestic Silver Corp., Annual General Meeting, May 23, 2024

First Majestic Silver Corp., Annual General Meeting, May 23, 2024

Fourth quarter dividend of US$0.0048 announced

Full year 2023 earnings released: US$0.48 loss per share (vs US$0.43 loss in FY 2022)

First Majestic Silver Corp. has filed a Follow-on Equity Offering in the amount of $150 million.

First Majestic Silver Corp. Reports Positive Exploration Results At San Dimas, Santa Elena and Jerritt Canyon Properties

First Majestic Silver Corp. Announces Total Production from San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine

First Majestic Silver Corp. Declares Dividend for the Third Quarter of 2023, Payable on November 30, 2023

New minor risk - Financial position

Third quarter 2023 earnings released: US$0.095 loss per share (vs US$0.079 loss in 3Q 2022)

First Majestic Silver Corp. to Report Q3, 2023 Results on Nov 02, 2023

Vice President of Corporate Development recently sold CA$928k worth of stock

Vice President of Corporate Development recently sold CA$637k worth of stock

First Majestic Silver Corp. Declares Cash Dividend for the Second Quarter of 2023, Payable on or About August 31, 2023

Second quarter 2023 earnings released: US$0.062 loss per share (vs US$0.32 loss in 2Q 2022)

First Majestic Silver Corp. Provides Production Guidance for the Second Half of 2023 and Revises Production Guidance for the Fiscal Year 2023

First Majestic Silver Corp. Announces Positive Drilling Results from Its Ongoing Exploration Programs At San Dimas, Santa Elena, and Jerritt Canyon

Vice President of Corporate Development recently bought CA$59k worth of stock

Vice President of Corporate Development recently bought CA$133k worth of stock

First Majestic Silver Corp. Declares Dividend for the First Quarter of 2023, Payable on or About June 9, 2023

First quarter 2023 earnings released: US$0.37 loss per share (vs US$0.028 profit in 1Q 2022)

Vice President of Corporate Development recently bought CA$94k worth of stock

Vice President of Corporate Development recently bought CA$95k worth of stock

Vice President of Corporate Development recently bought CA$334k worth of stock

Full year 2022 earnings released: US$0.43 loss per share (vs US$0.02 loss in FY 2021)

Insider recently sold CA$72k worth of stock

First Majestic Silver Corp. to Report Q4, 2022 Results on Feb 23, 2023

Founder recently sold CA$126k worth of stock

High number of new directors

First Majestic Silver Corp. Declares Cash Dividend for the Third Quarter of 2022, Payable on or About December 2, 2022

Third quarter 2022 earnings released: US$0.079 loss per share (vs US$0.072 loss in 3Q 2021)

First Majestic Reports Continues Exploration Success Intersecting 19.97 G/T Au over 20.9M Near Active Underground Mining At Jerritt Canyon

Vice President of Corporate Development recently sold CA$1.5m worth of stock

First Majestic Silver Corp. to Report Q3, 2022 Results on Nov 09, 2022

Vice President of Corporate Development recently bought CA$76k worth of stock

Director recently sold CA$1.8m worth of stock

First Majestic Silver Corp. Announces Additional Positive Drill Results from its Ongoing Exploration Program At the Jerritt Canyon Gold Mine

Second quarter 2022 earnings released: US$0.32 loss per share (vs US$0.064 profit in 2Q 2021)

First Majestic Silver Corp. Declares Cash Dividend for the Second Quarter of 2022, Payable on or About August 31, 2022

Vice President of Corporate Development recently bought CA$65k worth of stock

First Majestic Silver Corp. to Report Q2, 2022 Results on Aug 04, 2022

Vice President of Corporate Development recently bought CA$53k worth of stock

High number of new directors

First Majestic Silver Corp. Announces Positive Drill Results from Its Ongoing Exploration Program At the Jerritt Canyon Gold Mine Located in Elko County, Nevada

First Majestic Silver Corp. Elects Raymond Polman to Board of Directors

Sierra Madre Gold and Silver Ltd. (TSXV:SM) signed an arm’s length definitive agreement to acquire La Guitarra Compania Minera S.A. from First Majestic Silver Corp. (TSX:FR) for $39.8 million.

Vice President of Corporate Development recently bought CA$933k worth of stock

First quarter 2022 earnings released: EPS: US$0.028 (vs US$0.008 in 1Q 2021)

First Majestic Silver Corp. Declares Cash Dividend for the First Quarter of 2022, Payable on or About June 10, 2022

Vice President of Corporate Development recently bought CA$141k worth of stock

First Majestic Silver Corp. to Report Q1, 2022 Results on May 12, 2022

Insider recently sold CA$88k worth of stock

Insider recently sold CA$104k worth of stock

First Majestic Announces 2021 Mineral Reserve and Resource Estimates

Vice President of Corporate Development recently sold CA$606k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Insider recently sold CA$363k worth of stock

First Majestic Silver Corp., Annual General Meeting, May 26, 2022

Investor sentiment deteriorated over the past week

Insider recently sold CA$73k worth of stock

First Majestic Silver Corp. Provides Production Guidance for Full Year 2022

Vice President of Corporate Development recently bought CA$70k worth of stock

Vice President of Corporate Development recently bought CA$64k worth of stock

Vice President of Corporate Development recently bought CA$172k worth of stock

First Majestic Silver Corp. announced that it expects to receive $200 million in funding

Founder recently sold CA$2.3m worth of stock

Third quarter 2021 earnings released: US$0.072 loss per share (vs US$0.14 profit in 3Q 2020)

Independent Director recently bought CA$53k worth of stock

Chief Financial Officer recently sold CA$78k worth of stock

Second quarter 2021 earnings released: EPS US$0.064 (vs US$0.048 loss in 2Q 2020)

First Majestic Silver Corp. Provides Production Guidance for the Year 2024

Vice President of Corporate Development recently bought CA$54k worth of stock

First Majestic Silver Corp. Provides Consolidated Production Guidance for the Second Half and Full Year of Fiscal Year 2021

Ely Gold Reports First Majestic Silver Corp. Files NI 43-101 Technical Report on Jerritt Canyon Mine, Elko County, Nevada