On August 7, First Majestic Silver rose 5.03% in pre-market trading, trading at $18.14/share, with turnover of $402,800.

On the news front, the precious metals sector saw a broad-based rally as spot gold surged past $4,300/oz, gaining 1.4% intraday, while spot silver continued to hold above the $60/oz threshold. Ongoing geopolitical conflicts have sustained upward pressure on precious metal prices, driving sector-wide momentum. Within the silver sector, Aya Gold & Silver rose 4.84%, Hecla Mining rose 4.79%, Endeavour Silver rose 4.64%, and Silvercorp Metals rose 4.45%.

On the company level, First Majestic Silver recently completed the sale of its San Martin silver mine for $90 million, optimizing its asset portfolio to focus on core mining operations. The company reported Q2 adjusted EPS of $0.21 on July 30, representing a 425% year-over-year increase, though missing the consensus estimate of $0.30.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)