July 5, 2026, 1:10 AM EDT. First Majestic Silver (TSX:AG) climbed 7.2% after getting the green light to invest US$12 million for new underground access at Santo Niño and Navidad in Mexico. The spend could extend higher-grade ore mining at Santa Elena/Ermitaño and help support production and longer-term profits. Infill drilling has been positive so far, but higher capex and risks tied to execution remain as costs stay high. Analysts are looking for revenues to hit US$4.3 billion by 2029, and earnings to grow to US$608.4 million. The new permits and plans are shifting views on First Majestic, with the Mexican assets now seen as central for growth, even as operating risks run high.
