First Majestic Shares Decline Amid Silver Price Correction
First Majestic Silver Corp. (AG) shares fell sharply as silver prices retreated from recent highs. The stock dropped 11.4% by midmorning trading, mirroring a 7% decline in spot silver prices. While the company maintains diversified metal exposure, silver represents 55% of its H1 2025 revenue, making it particularly vulnerable to price swings.
The pullback follows silver's 40% year-to-date rally, with profit-taking now driving the correction. First Majestic's operational strength - including record $225M H1 operating cash FLOW - positions it to weather volatility better than smaller peers. For metals investors, such drawdowns represent routine market behavior rather than structural weakness.