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First Majestic Delivers $194.6 Million in Q2 Free Cash Flow, Lifts Treasury to $1.3 Billion
['Jay Lutz']
the deep dive
FULL DISCLOSURE: This is sponsored content for First Majestic Silver.
Free cash flow of $194.6 million, struck after $46.8 million in cash income taxes, was up from $77.9 million a year ago.
First half output of 7.3 million silver ounces and 69,001 gold ounces sits near the midpoints of guidance the company raised in July, to 14.6 million to 15.5 million silver ounces and 128,000 to 135,000 gold ounces.
FULL DISCLOSURE: First Majestic Silver is a client of Canacom Group, the parent company of The Deep Dive.
The author has been compensated to cover First Majestic Silver on The Deep Dive, with The Deep Dive having full editorial control.