Mani Alkhafaji (First Majestic silver) – Q2 2026: Jerritt Canyon Restart & $1.25B Treasury | ML Börspodd

First Majestic Silver Corp. (NYSE: AG | TSX: AG | FSE: FMV) just reported its Q2 2026 results. In this episode, we sit down with Mani Alkhafaji, President & Chief Corporate Development Officer at First Majestic (and former GM of Jerritt Canyon), to break the quarter down in detail.

Recorded July 30, 2026. We go through the numbers, the restart plan for the Jerritt Canyon Gold Mine, why La Encantada just had its strongest quarter in years, the new construction permits at Santa Elena's Santo Niño and Navidad zones, the company's approach to M&A and capital allocation, and why we think the market still hasn't fully priced in the upside. What we talked about: Q2 2026 results: $415.

5M revenue (+57% YoY), $252.3M EBITDA (+110% YoY), $194.6M free cash flow (+150% YoY)Record treasury position of $1.25 billionAISC of $25.68/oz — below guidance, despite a rockfall at Los Gatos and labour disruptions at San DimasAverage realized silver price of $63.