文章核心观点 - 公司Q2-24业绩表现不佳,收入同比下降7%,主要受到Jerritt Canyon停产和San Dimas矿山产量下降的影响 [2][3][4] - 公司持续进行股票发行,导致股东权益被稀释,自2014年以来产量增长45%但股票数量翻了一倍多 [7] - 公司整体成本居高不下,AISC维持在较高水平,利润率较低 [10][11] - Jerritt Canyon矿山前景不太乐观,需要大量投资才能达到预期产量 [13][14] - 公司在墨西哥的业务面临一定政策风险,如果发生重大改革可能会对公司产生间接影响 [16] - 公司估值较高,与同行相比缺乏多元化和增长动力 [19][20] 分组1 - 公司Q2-24产量同比下降,银产量下降20%,金产量下降13% [3][4][5] - 公司主要矿山San Dimas和La Encantada的产量均有所下降,Santa Elena矿山产量有所增加 [4][5] - 公司持续进行股票发行,导致股东权益被稀释,自2014年以来产量增长45%但股票数量翻了一倍多 [7] 分组2 - 公司整体成本居高不下,Q2-24 AISC为21.64美元/盎司,利润率较低 [10][11] - 公司Jerritt Canyon矿山前景不太乐观,需要大量投资才能达到预期产量 [13][14] - 公司在墨西哥的业务面临一定政策风险,如果发生重大改革可能会对公司产生间接影响 [16] 分组3 - 公司估值较高,与同行相比缺乏多元化和增长动力,交易价格超过2.7倍净资产值 [19][20] - 公司股价下跌80%但仍未见底,主要是由于持续的股票发稀释导致 [21][22]

Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.ShareDisclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc ...

文章核心观点 - 公司二季度产量有所增加,但收入和现金流仍然下降[5] - 金银价格走强,但公司股价表现不佳[6] - 公司持续亏损,全包成本较高,经营状况不佳[7] - 公司现金储备充足,但仍难以盈利[8] 公司经营情况总结 - 二季度产量环比有所增加,但同比仍有下降,主要受到Jerritt Canyon矿山停产和San Dimas、La Encantada矿山产量下降的影响[5] - 金银价格走强,公司实现的平均销售价格较去年同期上涨11%,较上季度上涨17%[7] - 尽管金银价格上涨,但公司仍然亏损,全包成本较高,主要受到现金成本上升的影响[7] - 公司二季度现金及受限现金余额为2.697亿美元,资金储备充足,但仍难以实现盈利[8] 行业情况总结 - 金银价格受经济不确定性和国际局势不确定性的影响而走强,为行业带来利好[6] - 但在如此有利的价格环境下,公司仍难以实现盈利,反映了行业竞争激烈,盈利能力较弱[9]

| --- | --- | |-----------------------------------------------------|-------------------| | | | | CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS | | | FOR THE THREE AND SIX MONTHS ENDED JUNE | 30, 2024 AND 2023 | | (UNAUDITED) | | | | | | | | 925 West Georgia Street, Suite 1800, Vancouver, B.C., Canada V6C 3L2 Phone: 604.688.3033 | Fax: 604.639.8873| Toll Free: 1.866.529.2807 | Email: info@firstmajestic.com www.firstmajestic.com Management's Responsibilities over Financial Reporting The condensed inter ...

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the Company's unaudited condensed interim consolidated financial results for the second quarter ended June 30, 2024. The full version of the financial statements and the accompanying management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDG ...

Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the discovery of a significant new, vein-hosted gold and silver mineralized system at its Santa Elena property in Sonora, Mexico. This new high-grade discovery, the Navidad vein system ("Navidad"), was made at depth adjacent to the Company's 100%-owned and currently producing Ermitaño mine."We are very excited about the new hi ...

First Majestic Silver Corp. (AG) announced that its total production reached 5.3 million silver equivalent ("AgEq") ounces in the second quarter of 2024. The figure consists of 2.1 million silver ounces and 39,339 gold ounces.On a sequential basis, silver production grew 7%, whereas gold production increased 9%. Overall silver equivalent ounces jumped 2% from the prior quarter. The rise was mainly driven by higher silver production at La Encantada and increased AgEq production at Santa Elena. However, this ...

First Majestic Produces 5.3 Million AgEq Oz in Q2 2024 Consisting of 2.1 Million Silver Ounces and 39,339 Gold Ounces; Announces Updated 2024 Production and Cost Guidance and Conference Call DetailsJuly 18, 2024 7:00 AM EDT | Source: First Majestic Silver Corp.Vancouver, British Columbia--(Newsfile Corp. - July 18, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that total production in the second quarter of 2024 from the Compan ...

文章核心观点 - 通胀终于在4年来首次下降,消费者价格指数(CPI)下降0.1%至3% [1] - 这给人以希望,联储可能在9月份就开始降息,此前联储曾在2022年连续11次加息 [2][3] - 但要谨慎乐观,7月和8月通胀数据可能会再次上升,这可能会推迟降息 [3][4] - 整体CPI下降,但剔除食品和能源成本后,实际上通胀上升了0.1%,并未全面下降 [4] 行业总结 汽车行业 - 豪华品牌电动车销售受到通胀影响,买家更倾向于选择价格较低的车型 [7][9] - 即使Lucid集团交付量创新高,但仍有大量未售出的库存,需要进一步降价 [8] - 如果通胀持续高企且联储不降息,可能会打击Lucid集团的盈利能力 [10] 太阳能行业 - 太阳能板安装成本高昂,加之融资成本上升,导致SunPower公司业绩大幅下滑 [12] - SunPower公司财务状况混乱,高管频繁离职,审计师也拒绝为其提供审计服务 [13][14] - 如果通胀持续,SunPower将成为需要抛售的股票 [15] 贵金属行业 - 白银作为工业用途广泛的贵金属,比黄金更适合作为通胀对冲工具 [17] - 第一银矿公司是行业内最大的白银生产商,其成本控制良好,有望从高白银价格中获益 [19] - 在通胀持续、利率高企、全球不确定性加剧的环境下,第一银矿公司是值得买入的股票 [20]

文章核心观点 - 新一轮大宗商品周期正在展开,油价和黄金价格是最可靠的基本面和心理指标 [1][2][3] - 银价大涨,带动了白银相关股票如First Majestic Silver、Coeur Mining和Pan American Silver的表现 [3][4][6][9][14][15] - 分析师预测First Majestic Silver、Coeur Mining和Pan American Silver的盈利增长前景良好 [6][11][16] - 主要投资机构如Van ECK Associates增持了这些白银相关股票 [8][12][17] 行业总结 - 新一轮大宗商品周期正在展开,油价和黄金价格是最可靠的基本面和心理指标 [1][2][3] - 银价大涨,带动了白银相关股票的表现 [3][4][9][14][15] - 分析师看好白银相关公司的盈利增长前景 [6][11][16] - 主要投资机构增持了这些白银相关股票 [8][12][17] 公司总结 First Majestic Silver - 公司在能源转型中扮演重要角色,是白银最佳导电材料 [4] - 分析师预测公司今年盈利增长高达170% [6] - 主要投资机构Van ECK Associates增持了公司股票 [8] Coeur Mining - 公司估值溢价,反映了投资者对其的看好情绪 [10] - 分析师预测公司今年盈利增长高达287.5% [11] - 主要投资机构Van ECK Associates增持了公司股票 [12] Pan American Silver - 公司去年收入近乎翻倍 [15] - 主要投资机构Van ECK Associates大幅增持了公司股票 [17] - 分析师给出了较高的目标价 [18]