MAG Silver Corp.

MAG Silver Corp. is a growth-oriented Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, precious metals projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the operator. The project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where the operator is currently advancing underground mine development and commissioning a 4,000 tonnes per day processing plant. Underground mine production of mineralized development material commenced in Q3 2020, and an expanded exploration program is in place targeting multiple highly prospective targets at Juanicipio. MAG is also executing multi-phase exploration programs at the Deer Trail 100% earn-in Project in Utah and the recently acquired Larder Project, located in the historically prolific Abitibi region of Canada.

Expert Comments:

headshot of Chen Lin

Chen Lin, What Is Chen Buying? What Is Chen Selling?

"I am immediately buying back one of my favorites, MAG Silver Corp. I sold a lot at YE22 at $16– 17. . .this week I am buying it back in the $13.5 area, after the $14.65 bought deal last week!"

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Michael Fairbairn, Canaccord Genuity

"The key driver for MAG Silver Corp. remains the Juanicipio plant's ramp to 4 Ktpd by mid- to late 2023. . .our estimates forecast [production of] 3.8 Ktpd in Q3/23 and 4 Ktpd in Q4/23."

Chris Thompson, PI Financial

"In Q4/22 MAG Silver Corp.'s Juanicipio produced 1.8 Moz Ag and 5.4 Koz Au. . .MAG's 44% share totaled about 0.8 Moz Ag. . .we anticipate a gradual quarter-over-quarter ramp this year and an annual production of about 23.7 Moz Ag eq (i.e.,) double 2022's production."

Chris Thompson, PI Financial

"MAG Silver Corp. released results from phase two drilling, six holes, from the Deer Trail project. . .we view today's results as technically significant for a number of reasons but specifically, the identification of long widths of polymetallic Ag-Au-Cu-Pb-Zn mineralization manifesting themselves as potential feeder structures."

Jefferson Research

"MAG Silver Corp. is showing strong operating efficiency and balance sheet quality. . .the ability of the company to earn a profit is in part the result of how rapidly it converts its collection of assets into revenues and the resulting percentage available in earnings and cash flow after expenses have been paid. . .the balance sheet shows the ability of MAG Silver to pay its bills and fund future growth."

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Capital Cube

"MAG Silver Corp. has current assets of $44.12M. . .the company has enough money to finance their operations for a year and do not need to raise capital in the immediate future. MAG has a strong working capital position."

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At least nine analysts continue to rate MAG Silver Corp. a Buy after positive second-quarter financials, even as it continues to wait for its electricity hookup at its new plant in Mexico.
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More Expert Comments

Experts Following This Company

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Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
Don DeMarco – National Bank Financial
Nicolas Dion, Analyst – Cormark Securities
Michael Fairbairn, Analyst – Canaccord Genuity
Craig Hutchison, Analyst – TD Securities
headshot of Heiko Ihle
Heiko Ihle, Managing Director – H.C. Wainwright & Co.
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Stephen Soock – Stifel
Ryan Thompson – BMO Capital Markets
Chris Thompson, Mining Analyst – PI Financial

Company News 

1/17/2023 – MAG Silver Discovers "Carissa" Zone at Deer Trail

12/28/2022 – MAG Silver Reports on the Juanicipio Project

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

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The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

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Readers should conduct their own research for all information publicly available concerning the company.

Streetwise Company Fact Sheet

MAG Silver Corp.

(MAG:TSX - MAG:NYSE American)

2023/2/3 2:11:27

Analyst coverage

CIBC World MarketsCosmos Chiu
National Bank FinancialDon DeMarco
Cormark SecuritiesNicolas Dion
Canaccord GenuityMichael Fairbairn
TD SecuritiesCraig Hutchison
H.C. Wainwright & Co.Heiko Ihle
ROTH Capital PartnersJoe Reagor
StifelStephen Soock
PI FinancialChris Thompson
BMO Capital MarketsRyan Thompson

Newsletter coverage

Company News

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Streetwise Reports Articles

01/31/2023 - View Article
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01/06/2023 - View Article
12/28/2022 - View Article
12/01/2022 - View Article

Streetwise - MAG Silver Corp. Ownership Overview*

MAG Silver Corp. (MAG:TSX; MAG:NYSE American)

*Share Structure as of 1/26/2023
MAG Silver Corp. Content