SECOND QUARTER 2021 HIGHLIGHTS

  • Revenues reached a new Company record of $154.1 million following the inclusion of approximately two months of production from the Jerritt Canyon mine in Nevada and robust production from the Mexican operations

  • Average realized silver price per ounce of $27.32, a 1% increase compared to Q1 2021

  • Cash costs increased to $13.89 per AgEq ounce, compared to $12.61 in Q1 2021, primarily due to higher ore development and the addition of the Jerritt Canyon operation

  • AISC were relatively unchanged at $19.42 per AgEq ounce, compared to $19.35 in Q1 2021

  • Mine operating earnings of $29.4 million, compared to $28.1 million in Q1 2021

  • Net earnings of $15.6 million (EPS of $0.06), compared to $1.9 million (EPS of $0.01) in Q1 2021

  • Adjusted EPS of $0.05 after excluding non-cash and non-recurring items, compared to $0.03 in Q1 2021 (non-GAAP)

  • Cash flow per share was $0.21 per share (non-GAAP), compared to $0.14 per share in Q1 2021

  • Cash and cash equivalents as of June 30, 2021 was $227.1 million. In addition, the Company has a strong working capital position of $276.3 million and total available liquidity of $316.3 million, including $40.0 million of available undrawn revolving credit facility

  • Declared a cash dividend payment of $0.006 per common share for the second quarter of 2021 for shareholders of record as of the close of business on August 26, 2021, and will be distributed on or about September 16, 2021



https://www.firstmajestic.com/investors/news-releases/first-majestic-reports-second-quarter-financial-results-and-quarterly-dividend-payment