Year: 2026

First Majestic reported record Q4 2025 production and revenue—4.2 M silver ounces and $464 M (+169% Y/Y)—plus strong earnings and cash flow. Full-year 2025 also set records across production, revenue and cash balances. The company declared a small quarterly dividend and noted a director’s resignation, with a conference call scheduled to discuss results and 2026 guidance.

Avino highlighted record 2025 performance with strong Avino Mine results, accelerated La Preciosa development and high-grade drill results, plus TSX30 recognition. For 2026, it plans increased development and production at La Preciosa, a 30,000 m drill program, updated resources, AI integration, and mill upgrades, while maintaining a strong, debt-free balance sheet.

Discovery Silver Corp. reported strong Q4 2025 results: adjusted earnings per share jumped 75%, gold production grew 6%, and operating cash costs improved. The company generated healthy cash flow, ended the year with $410.7 M in cash, and achieved exploration success across multiple targets. Solid 2026 production growth and investment guidance was also provided.

Alamos Gold Inc. refiled its 2025 and 2024 consolidated financial statements on SEDAR+ and EDGAR to fix administrative errors in the audit opinion attached to the reports. The company emphasized that there are no changes to its previously reported financial results for 2025.

Fortuna Mining posted record free cash flow of $132.3 M in Q4 and $330 M for 2025, with liquidity rising to $704 M and net cash of $381.5 M. Annual production met guidance at 317,001 GEO, while profitability and balance sheet strength improved despite some mine-specific cost and downtime impacts.

Torex Gold Resources Inc. reported 376,364 oz AuEq annual payable production with strong second-half performance, record revenue (~$1.3 B) and EBITDA (~$730 M). Media Luna continued ramp-up with steady production expected by mid-2026. The company repaid all debt, returned capital via dividends and share buybacks, and reiterated growth plans for 2026.

Equinox Gold Corp. reported a transformational 2025 with a strategic merger with Calibre, record production and revenue, portfolio optimization, and over US $1.1 billion of debt reduction. The company also initiated its first quarterly dividend, set a share buyback program, and positions itself for continued growth into 2026.

Pan American Silver reported record 2025 results, including $554 M cash flow from operations in Q4 and $1.33 B for the full year, with strong revenues, earnings and production. The board raised the dividend 29% to $0.18/share, returned $221 M to shareholders, and ended the year with robust liquidity to support growth projects and 2026 guidance.

Alamos Gold Inc. reported strong 2025 financial results, with record revenues (~$1.8 B), net earnings of $885.8 M, and free cash flow of $352 M. Production was 545,400 oz of gold, slightly below guidance. Mineral reserves grew 32%, and the company boosted its dividend by 60%. Growth projects are advancing, supporting future production increases.