Silver Prices Surge as Silver Mining Stocks Soar... Market Cap Increases by 1.25 Trillion Won in One Day

First Majestic Silver Corp. (NYSE: AG) closed at $20.83 on March 24, up 8.55% on the New York Stock Exchange. Trading volume was 11.32 million shares, and its market capitalization rose by $960 million from the previous day to about $10.2 billion (approximately KRW 13.3 trillion), an increase of roughly KRW 1.25 trillion.

On March 10, the company announced the results of its 2025 drilling program at the Jerritt Canyon gold mine in Nevada, and on January 15, it disclosed its fourth-quarter and full-year 2025 financial results along with its quarterly dividend. (firstmajestic.com)

Headquartered in Canada, the company operates four underground silver–gold mines in Mexico—Santa Elena, San Dimas, Los Gatos, and La Encantada—as well as the Jerritt Canyon project in Nevada. (firstmajestic.com) With the 2025 acquisition of Gatos Silver, First Majestic added the Los Gatos mine to its portfolio, significantly increasing silver production and revenue, positioning it as a leading beneficiary amid the recent upward trend in silver prices. (firstmajestic.com)