How First Majestic Built a Silver Empire
The Deep Dive Apr 8, 2026
Summary
First Majestic built a silver empire through strategic acquisitions and consolidation rather than high-risk greenfield exploration.
Portfolio includes key assets San Dimas, Santa Elena, and Los Gatos, positioning the company as a liquid proxy for silver.
Record 2025 financial results and strong silver fundamentals set the stage for continued growth heading into 2026.