MAG Silver Corp.

MAG Silver Corp. is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Our principal focus and asset is the Juanicipio Property (44%), being developed in partnership with Fresnillo Plc (56%) and is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp. We are presently developing the underground infrastructure on the property, with the operational expertise of our joint venture partner, Fresnillo plc, to support a 4,000 tonnes per day mining operation. As well, we have an expanded exploration program in place investigating other highly prospective targets across the property. In addition, we continue to work on regaining surface access to our 100% owned Cinco de Mayo property in Mexico while we seek other high grade, district scale opportunities.

Expert Comments:

Kevin MacKenzie, Canaccord Genuity

"The commissioning of MAG Silver Corp.'s Juanicipio is scheduled for H2/20. . .while the near-term exploration focus remains on infill drilling the Deep zone, we highlight the project's considerable exploration upside, both at the resource and project scale. Notable discovery targets include, one, vein strike extension from Fresnillo's neighboring Saucito mine and, two, the Cesantoni trend."

Clive Maund,

"There are good reasons to believe that MAG Silver Corp. is about to turn higher again very soon. . .the company appears to be in the process of breaking out of a giant head-and-shoulders bottom and once a clear breakout is achieved, it should accelerate to the upside. This being so, it means that the latest dip back into support is providing a favorable entry point, and this will continue to be the case even if it drops a little further short term."

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Joe Reagor, ROTH Capital Partners

"During Q2/19, MAG Silver Corp. began to contribute significant capital to the development of the Juanicipio project, which we believe is an indicator the project is on track to begin production in 2020. . .we believe companies with world-class assets make ideal defensive positions and as such, we highlight the company as one of our top defensive ideas."

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Gwen Preston, Maven Metals

"MAG Silver Corp.'s Juanicipio mine will likely be commissioning or close to it by this time next year; that certainty of timing is helpful for a stock that has been building but not building a mine for two years already! With first production from one of the highest-grade silver deposits around now only a year out, the company is once again in the spotlight as a good option for investors looking for exposure to silver."

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Bhakti Pavani, Alliance Global Partners

"MAG Silver Corp. noted that underground development at Juanicipio has reached approximately 22 km, or 13.7 miles. The detailed engineering and the construction of the process plant and associated surface infrastructure, which are overseen by the company's joint venture partner Fresnillo, are progressing well."

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Heiko Ihle, H.C. Wainwright & Co.

"MAG Silver Corp. [has] optimal market timing as 2H20 production is getting closer. . .We maintain our Buy rating and increase our price target from $16.50 per share to $18.50 per share."

One of the partners provides a project update.
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Investment professionals around the world are cheering the go-ahead decision for the Juanicipio silver and gold mine in the Fresnillo Silver Trend district in central Mexico.
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More Expert Comments

Experts Following This Company

Tyron Breytenbach, Analyst – Cormark Securities
Daniel Earle, Analyst – TD Securities
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Michael Gray, Analyst – Macquarie Capital Markets
Tara Hassan, Analyst – Raymond James
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Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Kevin MacKenzie, Analyst – PI Financial
Clive Maund –
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Bhakti Pavani – Alliance Global Partners
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Gwen Preston, Founder Resource Maven
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Joe Reagor, Analyst – ROTH Capital Partners
Chris Thompson, Mining Analyst – PI Financial
Ryan Thompson – BMO Capital Markets
Trevor Turnbull, Analyst – Scotia Capital Inc.

The information provided above is from analysts, newsletters, the company and other contributors.

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