First Majestic Silver (LTS:0QYC) Selling, General, & Admin. Expense: C$101 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0QYC First Majestic Silver Corp LTS:0QYC
65 GF Score
Price C$22.83
GF Value C$16.11
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is First Majestic Silver Selling, General, & Admin. Expense?

First Majestic Silver LTS:0QYC +8.66% 65 Selling, General, & Admin. Expense is C$101 Mil as of Jun. 2026. GuruFocus rates LTS:0QYC with a GF Score™ of 65/100 and a GF Value™ of C$16.11 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. First Majestic Silver's selling, general, & admin. expense for the three months ended in Jun. 2026 was C$23 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was C$101 Mil.


First Majestic Silver  (LTS:0QYC) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


First Majestic Silver Selling, General, & Admin. Expense Related Terms


First Majestic Silver Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for First Majestic Silver's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Majestic Silver Selling, General, & Admin. Expense Chart

First Majestic Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.23 66.16 67.59 73.51 93.18

First Majestic Silver Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.86 20.33 26.20 31.08 23.34

LTS:0QYC vs EXK: Selling, General, & Admin. Expense Comparison

For the Silver subindustry, First Majestic Silver's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Majestic Silver Selling, General, & Admin. Expense vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where First Majestic Silver's Selling, General, & Admin. Expense falls into.


LTS:0QYC
65GF Score
First Majestic Silver Corp LTS:0QYC
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Majestic Silver Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$101 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of C$101 Mil mean?
First Majestic Silver (LTS:0QYC) has a Selling, General, & Admin. Expense of C$101 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on First Majestic Silver and its competitors.
Is First Majestic Silver's Selling, General, & Admin. Expense too high?
First Majestic Silver's current Selling, General, & Admin. Expense is C$101 Mil. Overall, First Majestic Silver has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's Selling, General, & Admin. Expense compare to EXK?
First Majestic Silver's Selling, General, & Admin. Expense of C$101 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Metals & Mining company?
A good Selling, General, & Admin. Expense depends on the Metals & Mining industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on First Majestic Silver and its competitors. First Majestic Silver's current Selling, General, & Admin. Expense is C$101 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Majestic Silver stock overvalued right now?
Based on GuruFocus' analysis, First Majestic Silver (LTS:0QYC) is currently considered Significantly Overvalued. The stock's GF Value™ is C$16.11, compared to a current price of C$22.83 — trading 41.7% above its estimated fair value. The current Selling, General, & Admin. Expense is C$101 Mil. First Majestic Silver's overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For First Majestic Silver (LTS:0QYC), the current Selling, General, & Admin. Expense is C$101 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Majestic Silver (LTS:0QYC) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of C$22.83 is trading 41.7% above its estimated GF Value™ of C$16.11. GuruFocus considers First Majestic Silver to be Significantly Overvalued.

Key valuation signals for LTS:0QYC:

  • Selling, General, & Admin. Expense: C$101 Mil
  • GF Value™: C$16.11 vs. price of C$22.83 (41.7% above fair value)
  • GF Score™: 65/100 with 2 warning signs

No single metric tells the full story. See the LTS:0QYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Majestic Silver Business Description

Address 925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
65GF Score

Get the complete analysis for LTS:0QYC

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$22.83
Price
C$16.11
GF Value