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MAG:TSX; MAG:NYSE American

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.

MAG Silver Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

Silver Producer Posts Solid Q1/25 Results, Analyst Says

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MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) quarterly highlights include its declaration of a second dividend, noted a BMO Capital Markets report.

Canadian Silver Co. Declares Second Ever Dividend

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MAG Silver Corp. (MAG:TSX; MAG:NYSE American) makes this move following strong cash flow generation in Q1/25 and subsequent receipt of a sizable payout from its joint venture, noted a ROTH Capital Partners report.

Silver Co. With Trio of Projects Agrees to be Acquired

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MAG Silver Corp. (MAG:TSX; MAG:NYSE American) is being sought by Pan American Silver Corp., but Fresnillo Plc, joint venture partner of MAG, still could make a bid for it, noted a ROTH Capital Partners report.

Mining Co.'s Q1/25 Earnings a Beat

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MAG Silver Corp. (MAG:TSX; MAG:NYSE American) benefits from another quarter of cost control at its Juanicipio joint venture project in Mexico, noted a Scotiabank report.

Co. Announces Second Dividend on Robust Q1/25 Cash Flow

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MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) overall results in this first quarter are solid, "reflecting a strong start to the year," noted a TD Cowen report.

Mining Giant Acquires Premium Silver Producer for US$2.1B

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Pan American Silver Corp. (PAAS:TSX; PAAS:NASDAQ) announces a definitive agreement to buy Tier 1 silver producer MAG Silver Corp. for US$2.1 billion. Read what is in the deal for shareholders of both companies.
Tags: Silver

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Expert Comments:

headshot of Peter Krauth

Peter Krauth, Silver Stock Investor

(5/14/25)
"MAG Silver Corp. has agreed that Pan American will acquire the company. . .that will give MAG shareholders 14% of Pan American shares. . .MAG shareholders get an immediate bump up on share value, instant asset diversification and lower risk through Pan American assets, ongoing exposure to the Juanicipio mine, growth potential through upside on Pan American's assets including the standout potential reopening of the Escobal mine, liquidity and market access."

headshot of Chen Lin

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

(5/12/25)
"MAG Silver Corp. got taken over!. . .the company should be worth about 18.5–19 depending on where Pan American Silver is trading. I liked it, just surprised it was Pan American Silver; I thought Fresnillo would be more likely."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(5/12/25)
"MAG Silver Corp. agreed to be acquired by Pan American Silver for a combination of cash and stock. Based on the current valuation of the transaction, we are increasing our price target for MAG. . .we believe the transaction is likely to receive all necessary approvals and close later this year."

Noble Capital Markets

(5/12/25)
"For MAG Silver Corp. shareholders, the Pan American deal offers an immediate premium of about 21% over the closing price and 27% over the 20-day volume-weighted average price as of May 9, 2025. Post acquisition, MAG shareholders will own approximately 14% of Pan American, providing exposure to a diversified portfolio of 10 silver and gold mines across seven countries."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(5/9/25)
"In April 2025, MAG Silver Corp. received $61.5M in cash from the Juanicipio joint venture following strong cash flow in Q1/25. As a result, the company declared a total dividend of $0.20/share to be paid later this month."

headshot of Cosmos Chiu

Cosmos Chiu, CIBC World Markets

(5/8/25)
"A key highlight for MAG Silver Corp.'s Deer Trail project during Q1/25 was the drilling of six pilot holes targeting the highest-priority areas. . .in total, 1,783m of reverse circulation drilling were completed and cased."

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
Ovais Habib, Analyst – Scotia Capital Inc.
headshot of Peter Krauth
Peter Krauth, Pres – Gold Resource Investor
Wayne Lam – TD Securities
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Clive Maund – CliveMaund.com
Kevin O'Halloran – BMO Capital Markets
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners

Company News 

5/12/2025 – Pan American to Buy MAG Silver in US$2.1 Billion Deal, Adding Juanicipio Mine to Portfolio

5/11/2025 – Pan American Silver Announces Agreement to Acquire MAG Silver Corp.

5/8/2025 – MAG Announces Second Dividend

4/23/2025 – MAG Announces First Quarter 2025 Production from Juanicipio

3/24/2025 – MAG Silver Reports 2024 Annual Financial Results

3/24/2025 – MAG Announces Dividend Policy and Inaugural Dividend

2/24/2025 – MAG Provides Exploration Update and Outlook for Larder and Deer Trail Projects

Important Disclosures
MAG Silver Corp. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

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

*Share Structure as of 11/30/2023
MAG Silver Corp. Content