First Majestic Silver (AG) is trading at $17.73 (+4.51%) today, driven by recent news regarding its Santa Elena mine.
- The company secured permits for two new underground portals at its Santa Elena mine in Mexico and plans to invest an additional $12 million this year to advance the high-grade Santo Niño and Navidad discoveries towards production.
- This operational advancement follows First Majestic's record silver production of 15.4 million ounces for 2025, and Q1 2026 results that are tracking well toward guidance.
- The move also benefits from broader positive sentiment in silver-linked names and continued investor optimism regarding the company's production trajectory.