🔴 First Majestic Silver is trading 4.0% down today in a potential post-news pullback after raising its 2026 production guidance

First Majestic Silver is trading 4.0% down at $16.16 in a potential post-news pullback after recently raising its 2026 production guidance.

• The company reported year-over-year growth in second-quarter silver and gold output across its Mexican operations.
• No fresh catalysts were reported for July 16, suggesting the intraday selloff may be driven by broader sector volatility rather than a new company-specific event.
• The decline follows a positive operational update where the company increased its long-term production outlook based on strong Q2 results.