$AG

U.S. stock index futures slipped overnight after President Trump said the Iran ceasefire is on “massive life support,” ahead of his China visit. Dow Jones futures -0.04%, S&P 500 futures -0.07%, Nasdaq 100 futures -0.14%. ETFs SPY and QQQ were down, DIA up. HIMS fell post Q1 miss, QUBT rose on revenue about $3.7M, GSIT jumped on results and a $2M Army contract, AG tracked silver strength.

Canada’s TSX fell 87.2 points to 36,672.09 as tech weakness offset gains. Bird Construction beat Q2 profit estimates and brokerages raised targets; shares rose to $74.35. Air Canada shares fell to $29.47 on revenue expectations. Seabridge Gold, Endeavour Silver, and First Majestic Silver rose. TSX Venture also slipped; gold and oil rose amid Middle East supply concerns and U.S. trade talks.

Gold rebounded after the Fed held its 3.5% to 3.75% rate range, with the Comex August contract rising from about $3,993.80 to $4,080.80 by 2:15 p.m. Spot gold was $4,081.10. Silver also jumped. The Fed vote was 9-3, with three dissenters favoring a hike. Precious-metals equities moved higher; Allied Gold fell after a failed Zijin takeover.

First Majestic Silver (AG) reported adjusted EPS of 21 cents, below the 30-cent consensus. Revenue rose 57% to $415.5 million but missed the $496.0 million Street estimate. The company cited higher realized silver and gold prices, higher silver sales volumes, and record mine throughput. It raised its quarterly dividend 217% and repurchased 1.2 million shares.

First Majestic Silver Corp. reported Q2 2026 results for the quarter ended June 30, 2026. Revenues rose 57% year over year to $415.5 million, net earnings were $109.4 million (EPS $0.22), and free cash flow was $194.6 million. The company declared a $0.0152 per share quarterly dividend and ended with $1.2527 billion in treasury. Production increased 3% for silver and 2% for gold.

President Trump revoked an indefinite ban on mining on 225,000 acres of federal land in Minnesota’s Superior National Forest. The change renewed debate over two proposed mines near the Boundary Waters: NewRange Copper Nickel’s NorthMet project (a PolyMet Mining and Teck Resources joint venture) and Antofagasta’s Twin Metals Minnesota. Focus is on potential sulfate and water-quality impacts.

Toronto’s TSX fell 52.59 points to 35,252.72, with the Canadian dollar up 0.05 cents to 70.65 U.S. cents. Investors awaited the Bank of Canada decision expected to keep the policy rate at 2.25%. Notable movers included Air Canada, Aya Gold & Silver, Discovery Silver, Aritzia, and Curaleaf. U.S. stocks also declined after Trump reinstated a blockade on Iranian shipping through the Strait of Hormuz.

The piece is largely promotional and does not provide verifiable details about First Majestic Silver’s planned $90 million sale of the San Martin mine. It instead discusses generative AI and humanoid-robot forecasts, cites various billionaires’ views, and promotes a paid newsletter with claims about past stock returns and “upside” for unspecified tickers.

MINING.COM’s TOP 50 miners ranking reported combined market cap of $2.19T at end-Q2, down $228B in the quarter and up $22B in 2026. Gold prices fell below $4,000/oz, pressuring miners. Agnico Eagle, Kinross, Gold Fields and others lost 18%–40%, while Newmont fell 16% and gained ranking position. BHP, Rio Tinto and Teck-Anglo deal progress were among notable movers.

Agroland Group (AG) reported Q2 2026 growth across Food, Agribusiness, and Retail. Eggs sold at its Mihailesti poultry facility rose 53% to 27.3 million, with average selling price up 15%. Feed mills produced 10,395 metric tons, up 43%. Retail stores logged 1.5 million visits (+7%) and average receipt value of 95 lei (+4%).