MAG:TSX; MAG:NYSE A

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.
MAG:TSX MAG:NYSEA

Expert Comments:

headshot of Cosmos Chiu

Cosmos Chiu, CIBC World Markets

(4/13/21)
"As of April 13, 2021, we initiate coverage of MAG Silver Corp. with a Neutral rating. . .when the Juanicipio mill is up and running, the company's 44% share of the asset should catapult it into a substantial producer with about 7.8 Moz silver production per year (for the first five years). . .Our analysis shows that MAG Silver’s metal composition consists of ~56% from silver, which is one of the highest in our coverage universe. As a result, a 20% increase in the silver price increases cash flow by 26% and NAV by 19%."

Clive Maund, CliveMaund.com

(3/9/21)
"With gold and silver really strong this morning. . .MAG Silver Corp. is rated an Immediate Buy as it is at a great entry point and looks set to take off higher."

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.
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Chris Thompson, PI Financial

(1/27/21)
"The reported Q4/20 production of 230 Koz silver and 443 oz gold at MAG Silver Corp.'s Juanicipio would provide about $4.2M in net revenue to the joint venture (JV), based on our assumed toll milling and treatment charges and refining charges terms. . .the company expects to process about 16 Kt/month until the Juanicipio mill is online."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(1/27/21)
"We are increasing our price target on MAG Silver Corp. from $25 to $26 and reiterating our Buy rating due to higher silver price forecasts moving forward. . .on Jan. 27, 2021, the company announced that its Juanicipio joint venture processed 30,397 t of precommercial ore resulting in the production of 230 Koz silver and 443 oz gold during Q4/20 (100% basis)."

National Bank of Canada

(1/10/21)
"MAG Silver Corp. offers mergers and acquisitions appeal as it derisks development with a view toward production and trades below producer multiples. Moreover, the company offers fully funded development, low-cost production, elevated free cash flow and exploration upside. . .the most likely suitor continues to be its joint venture partner Fresnillo."

Peter Krauth, Silver Stock Investor

(1/1/21)
"MAG Silver Corp. is a true anomaly in the silver market; the company is a partner in a mine which is soon to become the largest silver mine in the world. . .what's also significant is that over the next five years, an estimated 72% of MAG's revenues will come from silver, making it one of the purest primary silver producers on the planet."

Also during the quarter, MAG Silver announces an earn-in project in Utah and establishes an at-the-market equity program.
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MAG Silver Corp. reported first production results from its Juanicipio JV project in Mexico.
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More Expert Comments

Experts Following This Company

headshot of Cosmos Chiu
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
Don DeMarco – National Bank Financial
Richard Gray, Analyst – Cormark Securities
Craig Hutchison, Analyst – TD Securities
headshot of Heiko Ihle
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
headshot of James Kwantes
James Kwantes Resource Opportunities
Brian MacArthur, Analyst – Raymond James
Clive Maund – CliveMaund.com
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Stephen Soock – Stifel
Chris Thompson, Mining Analyst – PI Financial
Ryan Thompson – BMO Capital Markets
Trevor Turnbull, Analyst – Scotia Capital Inc.

Company News

3/31/2021 – MAG Silver Reports 2020 Annual Results

3/31/2021 – MAG Silver Announces the Appointment of Tim Baker as a Director

1/27/2021 – MAG Silver Reports Fourth Quarter Production From Juanicipio

1/18/2021 – MAG Silver Announces the Appointment of Jill Neff as Corporate Secretary

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

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