Why First Majestic Silver Stock Is Rallying Today
Shares of First Majestic Silver (NYSE: AG) rallied as much as 10.9% by 1:00 p.m. EDT on Wednesday. Driving up the silver mining company's stock were its second-quarter results.
First Majestic Silver posted in-line numbers for the second quarter as its adjusted loss of $0.02 per share matched the consensus estimate. While its silver-equivalent output jumped 25% to 6.4 million ounces, lower silver prices more than offset its strong production results.
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