First Majestic Silver (TSX:AG) Total Operating Expense: C$144 Mil (TTM As of Mar. 2026)


TSX:AG First Majestic Silver Corp TSX:AG
65 GF Score
Price C$22.37
GF Value C$13.99
Valuation Significantly Overvalued
! 2 Warning Signs
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What is First Majestic Silver Total Operating Expense?

First Majestic Silver TSX:AG -4.11% 65 Total Operating Expense is C$144 Mil as of Mar. 2026. GuruFocus rates TSX:AG with a GF Score™ of 65/100 and a GF Value™ of C$13.99 (Significantly Overvalued). The stock has 2 warning signs investors should review.

First Majestic Silver's Total Operating Expense for the three months ended in Mar. 2026 was C$42 Mil. First Majestic Silver's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was C$144 Mil.

First Majestic Silver Total Operating Expense Related Terms

First Majestic Silver Total Operating Expense Historical Data

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The historical data trend for First Majestic Silver's Total Operating 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 Total Operating Expense Chart

First Majestic Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.94 92.87 110.41 123.04 138.11

First Majestic Silver Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating 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 37.23 33.38 30.73 38.00 42.01
TSX:AG
65GF Score
First Majestic Silver Corp TSX:AG
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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First Majestic Silver Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$144 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 Total Operating Expense of C$144 Mil mean?
First Majestic Silver (TSX:AG) has a Total Operating Expense of C$144 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on First Majestic Silver and its competitors.
Is First Majestic Silver's Total Operating Expense too high?
First Majestic Silver's current Total Operating Expense is C$144 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 Total Operating Expense compare to EXK?
First Majestic Silver's Total Operating Expense of C$144 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 Total Operating Expense for a Metals & Mining company?
A good Total Operating Expense depends on the Metals & Mining industry context. However, Total Operating 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on First Majestic Silver and its competitors. First Majestic Silver's current Total Operating Expense is C$144 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 (TSX:AG) is currently considered Significantly Overvalued. The stock's GF Value™ is C$13.99, compared to a current price of C$22.37 — trading 59.9% above its estimated fair value. The current Total Operating Expense is C$144 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For First Majestic Silver (TSX:AG), the current Total Operating Expense is C$144 Mil as of Mar. 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 (TSX:AG) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of C$22.37 is trading 59.9% above its estimated GF Value™ of C$13.99. GuruFocus considers First Majestic Silver to be Significantly Overvalued.

Key valuation signals for TSX:AG:

  • Total Operating Expense: C$144 Mil
  • GF Value™: C$13.99 vs. price of C$22.37 (59.9% above fair value)
  • GF Score™: 65/100 with 2 warning signs

No single metric tells the full story. See the TSX:AG 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

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$22.37
Price
C$13.99
GF Value