First Majestic Restarts Jerritt Canyon Mine
The Nevada silver and gold operation resumed production after a period of care and maintenance, with output ramping up.
Updated on Nov. 7, 2026 in Manufacturing
First Majestic restarted production at the Jerritt Canyon Mine in Nevada, which produced 115,000 ounces of silver and 2,600 ounces of gold in the third quarter. Silver sales at the mine totaled $3.6 million in the third quarter, down from $3.9 million in the second quarter.
Why it matters
The restart brings a Nevada precious metals operation back online as the company works to lift output at the site. The company expects continued production improvement at Jerritt Canyon.
The mine's silver average realized price was $32.35 per ounce against total costs of $26.31 per ounce in the third quarter. Gold sales totaled $3.2 million, while sales and processing costs reached $2.5 million.
The players
First Majestic Silver
A Vancouver-based silver mining company that owns a 70% stake in the Jerritt Canyon Mine.
The details
Jerritt Canyon, in which First Majestic holds a 70% ownership stake, restarted its mill and began operations in the fourth quarter after a period of care and maintenance. Production is being ramped up at the site.
Timeline
Third quarter: Jerritt Canyon produced 115,000 ounces of silver and 2,600 ounces of gold.
Fourth quarter: The mill restarted and operations began.
Market Landscape
The Jerritt Canyon restart adds production capacity to First Majestic's silver output at a time when silver realized prices of $32.35 per ounce are being weighed against operating costs of $26.31 per ounce. The Nevada mine's output contributes to the company's position among silver producers.
For Nevada residents and investors, the restart signals added silver and gold supply from a major state mine. Mining output at Jerritt Canyon may influence local employment and the precious metals market.
The takeaway
The Jerritt Canyon restart shows how a mine's return from care and maintenance can shift a company's quarterly production profile. Readers tracking precious metals should watch whether output ramps as the company expects.
Further reading
Explore more Nevada Manufacturing coverage for context on the state's industrial operations.
Source note: This article includes information reported by Elko Daily Free Press.
