Impressive Growth in Q2 2025 for First Majestic Silver and Fortuna Mining

2025-07-10 companies

Toronto, Wednesday, 9 July 2025.
First Majestic Silver and Fortuna Mining reported significant production increases in Q2 2025, with First Majestic increasing processed ore by nearly 50% and Fortuna producing over 61,000 ounces of gold.

First Majestic Silver: Strong Performance

First Majestic Silver Corp. (TSX: FR) announced a robust growth in Q2 2025, with a significant increase in ore processing and silver production. The company reported processing 1,003,804 tonnes of ore, up from 674,570 tonnes in the same period last year, signifying an operational growth of approximately 49% 48.806 [1][2]. Their silver production also saw a remarkable 76% year-over-year increase, reaching 3,701,995 ounces compared to 2,104,181 ounces in the second quarter of 2024 [3]. These enhancements reflect the company’s commitment to efficiency and expansion in their Mexican mines, signaling a positive trajectory for the rest of the year.

Fortuna Mining’s Gold Surge

In a parallel development, Fortuna Mining Corp. (NYSE: FSM) reported a substantial 10.25% 10.243 rise in gold production, totaling 61,736 ounces for Q2 2025, up from 56,000 ounces in the previous year’s second quarter [4][5]. This growth is consistent with their strategic expansions and underscores Fortuna’s solid footing in the gold mining sector. The company continues to outpace its competitors, maintaining its updated annual production guidance between 309,000 to 339,000 gold equivalent ounces (GEO) [5]. These figures reinforce investor confidence in the company’s strategic direction.

Broader Market Implications

These positive production results from First Majestic Silver and Fortuna Mining are likely to influence broader market dynamics in the precious metals sector. With silver prices hovering around 36.58 USD per ounce and gold at approximately 3,317.60 USD per ounce [6], the robust outputs reported by these companies not only promise strong revenue figures for 2025 but also bolster the global demand for these commodities. Their proactive measures in expanding operational capacities and optimizing production efficiency are setting benchmarks within the industry [6][7].

Future Outlook and Strategic Guidance

Looking ahead, both companies have laid out promising strategic plans. First Majestic has revised its annual production guidance upwards, estimating an increase in attributable consolidated production to 30.6 - 32.6 million silver equivalent ounces [5]. Fortuna’s consistent performance suggests it is well-positioned to achieve its production targets, supported by disciplined cost management [5][7]. Investors and market analysts will be closely monitoring these companies as they navigate the remainder of 2025, particularly as they release further updates in the forthcoming quarterly results and in scheduled conferences [8].

Sources

mining production precious metals