First Majestic Silver Corp balance sheet

At the end of fiscal 2025, First Majestic Silver Corp had total assets of $4.69bn, total liabilities of $1.52bn and shareholders' equity of $2.76bn. It held $793m in cash against $292m of debt: net cash of $501m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

First Majestic Silver Corp: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	129	118	57	169	239	238	151	126	202	793
Receivables	16	5	6	4	4	8	9	10	12	86
Inventory	20	19	32	31	33	61	65	64	63	85
Total current assets	180	171	166	243	356	397	370	309	369	1,193
Goodwill	0	0	0	0	0	—	0	0	0	0
Total assets	857	781	926	1,013	1,238	2,125	2,110	1,976	1,980	4,695
Total current liabilities	50	54	58	72	102	173	167	120	144	459
Short-term debt	12	12	1	1	11	0	1	1	1	0
Long-term debt	32	19	148	155	142	181	210	219	209	292
Total debt	44	32	150	156	153	181	210	220	209	292
Total liabilities	235	199	332	351	387	714	699	618	629	1,522
Shareholders' equity	622	582	595	662	850	1,411	1,411	1,358	1,351	2,761
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	—	412
Net debt (negative = net cash)	−85	−86	92	−13	−86	−57	59	94	7	−501

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from First Majestic Silver Corp's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to First Majestic Silver Corp.