First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits. Its projects include the San Dimas silver/gold mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena silver/gold mine that covers an area of approximately 102,244 hectares located …
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Competitive advantage assessment
Key strengths
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.78), with robust interest coverage.
Key risks
Commodity Pressure / Weak DifferentiationGross margin at 33.9th percentile with high volatility suggests weak pricing power or commoditized products.
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.29), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Where AG ranks in Materials: Precious Metals & Mining
First Majestic Silver Corp. ranks #30 of 68
scored companies in Materials: Precious Metals & Mining by moat score — the top 44%.
The widest moat in the group is Wheaton Precious Metals Corp (WPM)
at 79/100.
Moat scores for companies ranked near AG in Materials: Precious Metals & Mining
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 49
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 54
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 60
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 67
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 45
· 15% of the moat score
Scale matters only when it converts into economics.
First Majestic Silver Corp. (AG) scores 53 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #30 of 68 scored companies in Materials: Precious Metals & Mining, the top 44%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Materials: Precious Metals & Mining. Its strongest defense is Resilience (67/100) and its weakest is Pricing Power (44/100).
How does First Majestic Silver Corp. compare with other Materials: Precious Metals & Mining companies?
First Majestic Silver Corp. ranks #30 of 68 scored companies in Materials: Precious Metals & Mining by moat score. The widest moat in Materials: Precious Metals & Mining is Wheaton Precious Metals Corp (WPM) at 78/100. The companies ranked closest are D/B/A Sibanye-Stillwater Limite (SBSW) at 54 just above it and Perpetua Resources Corp. (PPTA) at 53 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Materials: Precious Metals & Mining. The defenses are then weighted to produce the overall score out of 100.
Why is First Majestic Silver Corp. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for First Majestic Silver Corp.?
The Corporate Default template measures 6 defenses, and AG scores: Pricing Power (44), Cost Advantage (49), Customer Stickiness (54), Capital Efficiency (60), Resilience (67), Scale & Market Position (45). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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