First Majestic: Fourth Quarter Earnings Overview
First Majestic Silver Corp. Reports Strong Fourth Quarter Results
First Majestic Silver Corp., headquartered in Vancouver, British Columbia, announced a net profit of $83.1 million for the fourth quarter, marking a turnaround from a loss during the same period last year.
The company reported earnings of $0.17 per share for the quarter. When excluding one-time expenses, adjusted earnings reached $0.30 per share.
During this period, First Majestic generated $463.9 million in revenue.
Looking at the full year, the company achieved a net income of $164.9 million, or $0.34 per share, moving into profitability. Annual revenue totaled $1.26 billion.
Since the start of the year, First Majestic's stock price has climbed 36%, and over the past year, shares have increased more than fourfold.
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