Filing Flows › First Majestic Silver (AG) › Q3 2024
First Majestic Silver (AG) Q3 2024 earnings results (third quarter 2024)
6-K filed Nov 7, 2024
First Majestic Silver (AG) reported revenue of $146M for the third quarter 2024 (Q3 2024), +7% from a year earlier. Operating margin was -18.2%, net loss $26.6M (18.2% of revenue).
First Majestic Silver, Q3 2024: revenue $146M (+7% year over year), operating margin -18.2%, net loss $26.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $146M | — | +7% |
| Operating profit | −$26.6M | — | — |
| Net earnings | −$26.6M | — | — |
What changed
Revenue was $146.1M in Q3 2024, up 7% year over year.
Operating costs exceeded revenue by $26.6M, an operating margin of -18.2%. Total costs fell 6% while revenue rose 7%. The quarter ended with a net loss of $26.6M.
Questions
What was First Majestic Silver's revenue in the third quarter 2024?
First Majestic Silver (AG) reported revenue of $146M for the third quarter 2024 (Q3 2024), +7% from a year earlier.
Was First Majestic Silver profitable in the third quarter 2024?
Operating loss was $26.6M (-18.2% of revenue) and net loss $26.6M.