THE LAST BULL STANDING: PETER SCHIFF EXPLAINS WHY THE GOLD & SILVER BULL IS STILL ALIVE!
First Majestic Silver’s Q2 production results are out, and FM has raised 2026 production guidance BIG TIME.
FM’s silver output is climbing while the world debates monetary chaos & silver’s structural supply deficit continues.
This is the kind of news silver stackers have been waiting for.
Q2 2026 Production Highlights:
Silver:
3,799,823 oz produced
→ +7% from Q1 2026
→ +3% from Q2 2025
Gold:
34,660 oz (solid, up 2% YoY)
Record quarterly throughput at Santa Elena and La Encantada.
Some minor disruptions at San Dimas & Los Gatos, but overall strong momentum.
2/ THE BIG NEWS:
2026 Guidance RAISED
Original silver guidance: 13.0 – 14.4 million oz
NEW guidance: 14.6 – 15.5 million oz (+10% at midpoint!)
Gold guidance also lifted.
By-product output (zinc, lead, copper) increased too.
They’re pouring capital into expansions + restarting Jerritt Canyon.
This is growth mode.
3/ Why This Matters for Silver Bulls
First Majestic ($AG) is a pure-play silver producer with operational leverage.
Higher production + rising silver prices = explosive upside.
Peter Schiff and others have been screaming about the coming monetary crisis and silver heading OVER $200:
When producers start delivering more ounces right as supply tightens… that’s how you get parabolic moves.
4/ Other Notable Points
Heavy expansionary capex (Jerritt Canyon restart targeted for H2 2027)
Sold non-core asset (Del Toro)
New CFO appointed
Conference call: July 30, 2026 at 8:30am PT / 11:30am ET
First Majestic is positioning for the next leg up.
5/ Bottom Line
First Majestic isn’t just meeting expectations -they’re raising them while silver remains structurally bullish.
If you believe the gold & silver bull market is still in progress & believe in silver’s fundamentals (industrial demand + monetary hedge), this is EXACTLY the kind of company you want leveraged to it.
