Uploaded August 2026 | Updated September 2026, 3 weeks ago
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#Silver #silverprice #silverstacking #mining #stockmarket
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Silver prices have moved dramatically higher, but the supply response investors might expect still has not arrived.
First Majestic Silver offers a clear example of what that means. Roughly the same production that generated $30 to $40 million in quarterly free cash flow around $32 silver later produced roughly $220 to $250 million as silver prices surged. But higher prices have not suddenly created a wave of new silver mines. Management argues that major new projects can take roughly 18 years to move from discovery to production.
In this video, we look at why the next meaningful source of silver supply may come from mines that already exist. We break down First Majestic’s exploration success at Santa Elena, more than 90 million silver equivalent ounces from recent discoveries, planned mill expansions at Santa Elena and Los Gatos, the potential restart of Jerritt Canyon, and a drilling program exceeding 300,000 metres.
We also examine why First Majestic believes its cheapest ounces are the ones it discovers itself, with exploration costs at Santa Elena of roughly $0.30 to $0.32 per ounce, and how its $1.2 billion cash position gives the company the ability to grow without rushing into expensive acquisitions.
If you found this video worth your time, give it a like and share it with someone who follows silver and mining. And if you haven’t subscribed yet, we’d genuinely appreciate having you with us for the next one.
Catch our full suite of content below:
Website: thedeepdive.ca
Twitter: twitter.com/TheDeepDive_ca
Facebook: facebook.com/TheDeepDive.ca
Instagram: instagram.com/the.deep.dive
LinkedIn: https://www.linkedin.com/company/the-...
FULL DISCLOSURE: First Majestic is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Majestic. The author has been compensated to cover First Majestic on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
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Looking for better insights on the markets? The Deep Dive Spotlights is providing exclusive industry insights from executives, insiders, technicians, specialists and more.
We're upgrading our Canadian small cap coverage from written to visual, hitting investors with a double dose of market insights to provide a special look into just what's happening in the Canadian public markets.
=================================================================
TheDeepDive.ca Team
Writers: Jordan Lutz & Steve Hyland
Producer: Chriz Rayos
Host: Steve Hyland
Post Production Head: Oveja Rayos
=================================================================
Disclaimer:
Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.
Save $500 on your ticket to Above & Beyond Summit 2026 using code THEDEEPDIVE here:
abovebeyondsummit.com
#Silver #silverprice #silverstacking #mining #stockmarket
If you enjoy the deep dives we bring to this channel, please consider subscribing. Nearly 9 out of 10 people who watch us aren’t subscribed yet, and your support genuinely helps us keep bringing you more mining and commodity coverage like this.
Silver prices have moved dramatically higher, but the supply response investors might expect still has not arrived.
First Majestic Silver offers a clear example of what that means. Roughly the same production that generated $30 to $40 million in quarterly free cash flow around $32 silver later produced roughly $220 to $250 million as silver prices surged. But higher prices have not suddenly created a wave of new silver mines. Management argues that major new projects can take roughly 18 years to move from discovery to production.
In this video, we look at why the next meaningful source of silver supply may come from mines that already exist. We break down First Majestic’s exploration success at Santa Elena, more than 90 million silver equivalent ounces from recent discoveries, planned mill expansions at Santa Elena and Los Gatos, the potential restart of Jerritt Canyon, and a drilling program exceeding 300,000 metres.
We also examine why First Majestic believes its cheapest ounces are the ones it discovers itself, with exploration costs at Santa Elena of roughly $0.30 to $0.32 per ounce, and how its $1.2 billion cash position gives the company the ability to grow without rushing into expensive acquisitions.
If you found this video worth your time, give it a like and share it with someone who follows silver and mining. And if you haven’t subscribed yet, we’d genuinely appreciate having you with us for the next one.
Catch our full suite of content below:
Website: thedeepdive.ca
Twitter: twitter.com/TheDeepDive_ca
Facebook: facebook.com/TheDeepDive.ca
Instagram: instagram.com/the.deep.dive
LinkedIn: https://www.linkedin.com/company/the-...
FULL DISCLOSURE: First Majestic is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Majestic. The author has been compensated to cover First Majestic on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
====================================================================
Looking for better insights on the markets? The Deep Dive Spotlights is providing exclusive industry insights from executives, insiders, technicians, specialists and more.
We're upgrading our Canadian small cap coverage from written to visual, hitting investors with a double dose of market insights to provide a special look into just what's happening in the Canadian public markets.
=================================================================
TheDeepDive.ca Team
Writers: Jordan Lutz & Steve Hyland
Producer: Chriz Rayos
Host: Steve Hyland
Post Production Head: Oveja Rayos
=================================================================
Disclaimer:
Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.
