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:

Analysts Visit Silver Producer's 'Impressive' Project in Mexico

Several industry analysts traveled to Mexico to visit MAG Silver Corp.'s Juanicipio project in Mexico last week. Read on to find out why they found the mine and mill to be a big step for the silver producer.
Tags:  Silver

JV Returns First Cash to Partners

Research Report
This payment follows the Mexican silver mining operation transitioning to sole use of its own new processing plant and reaching nameplate production capacity, noted a BMO Capital Markets report.

High Cost of Sales Offset Co.'s Robust Production in Q3/23

Research Report
This led the Canadian silver miner to significantly miss expected earnings per share in the quarter, noted a PI Financial report.

Transition to Silver Producer Fuels Co.'s 3Q Earnings

MAG Silver Corp. releases its third-quarter earnings figures as its new Juanicipio processing plant in Mexico hits production and nameplate capacity, helping the company make the full transition to being a producer.
Tags:  Silver

Q3/23 Production at Silver Mine a Beat, Analyst Says

Research Report
This is impressive given that ore processing was shifted to entirely the new plant at the Mexico project during the quarter, noted a PI Financial report.

New Plant at Mexico Mine Reaches Capacity

Research Report
This marks a milestone achieved at this silver-gold-lead-zinc project in the world's premier silver mining camp, noted a BMO Capital Markets report.

More Articles

Expert Comments:

SADIF Investment Analytics

"MAG Silver Corp.'s likelihood to outperform the market, as measured by the Outperformance StockMark, is well above average with a rating of 93/100. . .we believe the company to be an above average long-term investment."

Stephen Soock, Stifel

"MAG Silver Corp.'s Juanicipio mine shows extremely well, with impressive ramp and underground maintenance shop infrastructure showing Fresnillo has set it up to be a generational asset. . .the mine infrastructure is of a caliber we have not seen before anywhere else."

Kevin O'Halloran, BMO Capital Markets

"The site visit to MAG Silver Corp.'s Juanicipio highlighted the impressive infrastructure at the mine, which has clearly been built for a long and productive mine life. . .at the plant, room has been left for potential future expansion, including a possible copper recovery circuit for later in the mine life."

Craig Hutchison, TD Cowen

"On Nov. 22, we attended an analyst site visit of MAG Silver Corp. (44%) and Fresnillo's (56%) Juanicipio mine. . .overall, we came away with a positive view of the asset and the ongoing optimization work to achieve full design operating rates."

headshot of Chen Lin

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

"I have been overweighting silver companies with good balance sheets and cash flow; one of my favorites is MAG."

headshot of Cosmos Chiu

Cosmos Chiu, CIBC World Markets

"Infill drilling at MAG Silver Corp.'s Juanicipio continued in Q3/23, with the goal of upgrading and expanding the Valdecañas vein system at depth and further defining areas to be mined in the near to midterm. During Q3/23, 3.35m (year to date [YTD] 13.3m) and 4.87m (YTD 15.3m) were drilled from surface and underground, respectively."

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
Nicolas Dion, Analyst – Cormark Securities
Michael Fairbairn, Analyst – Canaccord Genuity
Garrett Goggin – Stansberry Research
Ovais Habib, Analyst – Scotia Capital Inc.
Kieron Hodgson – Panmure Gordon & Co.
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?
Brian MacArthur, Analyst – Raymond James
Kevin O'Halloran – BMO Capital Markets
Lucas Pamatat – Canaccord Genuity
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Stephen Soock – Stifel
Chris Thompson, Mining Analyst – PI Financial
Ryan Thompson – BMO Capital Markets

Company News 

10/25/2023 – MAG Announces Third Quarter Production From Juanicipio

9/18/2023 – MAG Silver Publishes Second Annual Sustainability Report

7/27/2022 – MAG Silver Reports Second Quarter Production From Juanicipio

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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2023/12/10 15:25:47

(MAG:TSX - MAG:NYSE American)

Analyst coverage

CIBC World MarketsCosmos Chiu
National Bank FinancialDon DeMarco
Cormark SecuritiesNicolas Dion
Canaccord GenuityMichael Fairbairn
Scotia Capital Inc.Ovais Habib
Panmure Gordon & Co.Kieron Hodgson
TD SecuritiesCraig Hutchison
H.C. Wainwright & Co.Heiko Ihle
Raymond JamesBrian MacArthur
BMO Capital MarketsKevin O'Halloran
Canaccord GenuityLucas Pamatat
ROTH Capital PartnersJoe Reagor
StifelStephen Soock
PI FinancialChris Thompson
BMO Capital MarketsRyan Thompson

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

*Share Structure as of 11/30/2023
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