First Majestic reports production, Jerritt Canyon update - Elko Daily Free Press

AI desk brief

First Majestic reported Q3 production of 3.4 million oz of silver and 29,552 oz of gold from its four Mexico mines, while also updating progress on the Jerritt Canyon restart in Nevada. The company said Jerritt Canyon’s restart is advancing, with underground rehabilitation, plant work and staffing buildout underway as it targets a return to production in the first half of 2027.

Guidance for 2026 was trimmed to 13.4-13.6 million oz of silver and 126,000-135,000 oz of gold, while Q3 gold output was aligned with guidance at 63% for the year-end target and silver output was 53% of annual guidance by the end of the quarter. The article also notes continued hiring and development work at Jerritt Canyon, which would add U.S. gold supply if completed on schedule.