First Majestic Silver has built a leading silver mining company over the past decade.
The price of silver has gone parabolic over the past year. While the precious metal has lost some of its luster recently, it’s still up by more than 150% over the past year.
The rise in silver has driven up most silver stocks. Here’s a look at how much money you’d have today if you invested $100 in leading silver producer First Majestic Silver (AG +8.59%) a decade ago.
Image source: Getty Images.
First Majestic Silver is a leader in silver. About 57% of the mining company’s revenue came from silver last year, the highest percentage among its peers. Meanwhile, 90% of its revenue came from precious metals production. The company owns interests in four producing silver mines in Mexico. It’s also the only mining company with its own minting facility.
The company’s focus on silver has really paid off over the past decade. A $100 investment in First Majestic Silver is now worth over $610. That’s a nearly 20% annualized return. Additionally, First Majestic Silver started paying dividends in 2021, which has added almost $10 to its total return, while pushing the annualized total above 20%.
Today’s Change
(8.59%) $1.74
Current Price
$21.99
Key Data Points
Market Cap
$11B
Day’s Range
$20.62 – $22.22
52wk Range
$5.09 – $27.90
Volume
18M
Avg Vol
23M
Gross Margin
25.72%
Dividend Yield
0.09%
While the rising price of silver has helped drive First Majestic Silver’s robust returns over the past decade, that’s not the only factor. The company bought Primero Mining in 2018, adding the San Dimas mine to its portfolio (which was its top-producing mine in 2025, producing 10.2 million ounces of silver equivalent). First Majestic also closed its well-timed acquisition of Gatos Silver last year, enhancing its ability to cash in on surging silver prices.
First Majestic Silver’s strategy of focusing on buying silver mines has really paid off over the past decade. They’ve enabled the silver mining company to significantly grow shareholder value by enhancing its ability to cash in on rising silver prices.
Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.