First Majestic Doubles Dividend, Eyes Growth to 50M Ounces | Keith Neumeyer

Kitco MINING · Feb 26, 2026 · 22m

First Majestic Silver (NYSE: AG; TSX: AG) CEO Keith Neumeyer says silver’s move above $100 per ounce confirms tightening supply-demand fundamentals, even with a correction into the $80–$85 range. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Neumeyer said large institutions still “don’t believe the market,” arguing silver equities remain well below prior-cycle valuations despite stronger metal prices.

First Majestic generated $250 million in free cash flow in Q4, holds approximately $1 billion in cash, and reported roughly $1.2 billion in…