$AG

First Majestic Silver Corp. (AG) has agreed with Mexico to suspend NAFTA arbitration proceedings and work on a tax settlement framework for its subsidiary, Primero Empresa Minera. The tribunal overseeing the case has suspended proceedings until December 31, 2026, with a possible extension into 2027. First Majestic remains optimistic about finalizing the settlement by the end of 2026.

First Majestic Silver Corp. reported Q3 2026 silver production of 3.4M ounces, down 11% year-over-year, due to a labor dispute at San Dimas. Gold production fell 17% to 29,552 ounces. La Encantada saw a 68% increase in silver output. The company plans to start production at Jerritt Canyon in H2 2027. Shares have risen 23.4% over the past year, outperforming the industry's 10.4% gain.

The silver market is projected to face a 46.3 million ounce deficit in 2026, marking the sixth consecutive year of supply shortfall, according to The Silver Institute and Metals Focus. GoldHaven Resources Corp. has begun drilling at its D Zone in British Columbia, targeting high-grade silver-lead-zinc mineralization. Other silver producers, including First Majestic Silver Corp. and Endeavour Silver Corp., reported mixed third-quarter production results.

First Majestic Silver Corp. reported Q3 2026 production: 3.4M silver oz, 29.5K gold oz, and other metals. Production was 72% of revised guidance due to a labor dispute at San Dimas. The company also announced a share repurchase program and a Q3 conference call. Exploration and safety efforts continued, with a sustainability score placing it in the top 17% of mining companies.

Mining executives discussed their strategies at the Precious Metals Summit. Elemental Royalty (ELE) announced a $290M acquisition, First Majestic Silver (AG) outlined succession plans, and Heliostar Metals (HSTR) detailed its Ana Paula gold mine project. Gold prices have fallen 18% since January, testing these plans. Each company aims to grow while improving returns per share.

The TSX fell 415.55 points to 35,920.06 by noon Wednesday, led by declines in materials and tech stocks. Americas Gold and Silver, NovaGold, and Endeavour Silver dropped 8.6%, 7.8%, and 12% respectively. Shopify fell 3% after recent gains. U.S. equities also declined amid rising Treasury yields and Fed rate hike expectations. Oil prices rose, while gold prices fell.

Mining industry is experiencing a generational shift as younger executives take leadership roles. At the Precious Metals Summit, CEOs from Elemental Royalty (ELE), First Majestic Silver (AG), and Heliostar Metals (HSTR) discussed their strategies. Elemental announced a $290M acquisition, First Majestic outlined succession plans, and Heliostar aims to build a new gold mine. Gold prices have fallen 18% since January, testing these plans.

Top silver miners, including CDE, AG, and HL, hold $4.2B in net cash, more than double the 2011 peak. Higher silver prices erased sector debt, enabling dividends and buybacks. HL, CDE, and AG reported significant cash increases, with varying stock performances.

The value of the top 50 mining companies rose by $357 billion in August, driven by gains in gold and copper prices. Gold miners like AngloGold Ashanti, Evolution Mining, and Gold Fields saw significant increases, while Newmont and Agnico Eagle surpassed $100 billion. Southern Copper briefly overtook Rio Tinto as the second-largest miner. Polyus, a Russian gold miner, fell 24.3% due to dividend suspension and potential windfall taxes. The rally brought the total market value of the top 50 back ab

Peter Schiff views the recent decline in gold and silver prices as a buying opportunity, citing higher bond yields and inflation expectations. Gold and silver prices fell, with silver experiencing its steepest single-day drop in over two months. Silver miners like Pan American Silver (PAAS) and Hecla Mining (HL) saw significant stock declines, while gold miners like Newmont (NEM) and Barrick Gold (B) also fell. Brent oil futures rose, and U.S. equities declined.