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 Co.'s Q1/23 Results Mixed as Flagship Project Ramps Up

Research Report
Once nameplate capacity is reached there, expected this year, costs should decrease and cash flow generation should increase, noted a Canaccord Genuity report.

Analysts Expect Silver Co.'s Cash Flow To Increase

MAG Silver Corp. reports its earnings from the first quarter as it continues to ramp up production at its new large-scale processing plant in Mexico.
Tags:  Silver

Silver Co. Reports Q1 Totals From Mexico Flagship Project

As it continues to ramp up production at its new large-scale processing plant in Mexico, MAG Silver Corp. is reporting first-quarter production total from the flagship project.
Tags:  Silver

Silver Co. Ships First Concentrate From Mexico Plant

Concentrate production and the shipment of commercial concentrates has begun at MAG Silver Corp.'s large-scale Juanicipio plant in Mexico.
Tags:  Silver

Silver Co. Ramps Up Production at New Plant, Releases Earnings

As MAG Silver Corp. increases production at its Juanicipio plant in Mexico, the company announced a rise in net income for 2022, but a slight loss in the fourth quarter.
Tags:  Silver

Important Driver for Mining Co. is Production Ramp-up

Research Report
It is now estimated that nameplate capacity production should be achieved at this polymetallic project in Mexico sometime in mid- to late 2023, noted a Canaccord Genuity report.

More Articles

Expert Comments:

Michael Fairbairn, Canaccord Genuity

"MAG Silver Corp. finished Q1/23 with no debt and a cash balance of $54.6M (excluding any attributable cash from the Juanicipio joint venture). . .with the plant now in the commissioning and ramp-up phase, management expects final project capital costs to wind down and associated free cash flow generation to increase as Juanicipio approaches nameplate capacity of about 4 Ktpd (mid- to late 2023)."

Chris Thompson, PI Financial

"MAG Silver Corp.'s Q1/23 production was generally in line with expectations. We are encouraged with extended periods of elevated processing rates (3.9 Ktpd). . .Juanicipio produced 2.25 Moz Ag and 6 Koz Au, in line with our estimates of about 2.4 Moz Ag and beating our Au estimate of 5 Koz (on a 100% basis)."

SADIF Investment Analytics

"MAG Silver Corp.'s stock has been upgraded to Above Average from Average. . .we expect the company to be an above average, long-term investment that is likely to deliver long-term returns."

headshot of Cosmos Chiu

Cosmos Chiu, CIBC World Markets

"At MAG Silver Corp.'s joint venture project Juanicipio, first lead concentrate was produced during March 2023, and the mill is expected to deliver its first commercial shipment of concentrate in the coming weeks. The operator, Fresnillo, now expects the Juanicipio processing plant to ramp up to nameplate capacity of 4 Ktpd in mid- to late 2023."

headshot of Chen Lin

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

"On the buy side, I picked up some MAG Silver Corp. at around $11. If you look at the history in the past two to three years, $11 is always a good place to buy."

Ryan Thompson, BMO Capital Markets

"MAG Silver Corp. President and CEO George Paspalas highlighted the exploration potential at Juanicipio, at the 2023 BMO Capital Markets Global Metals, Mining & Critical Minerals Conference. Only 5% of the Juanicipio property has been explored, all of which has been confined to the northeast corner of the property. . .the property hosts two porphyry systems with high mineralization potential at fluid upwelling zones including Los Tajos and Venadas."

More Expert Comments

Experts Following This Company

headshot of Cosmos Chiu
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
Nicolas Dion, Analyst – Cormark Securities
Michael Fairbairn, Analyst – Canaccord Genuity
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
Chris Thompson, Mining Analyst – PI Financial
Ryan Thompson – BMO Capital Markets

Company News 

4/20/2023 – Juanicipio Ships First Commercial Concentrates

3/27/2023 – MAG Silver Reports 2022 Annual Results

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.

Streetwise Company Fact Sheet

2023/5/31 13:54:33

(MAG:TSX - MAG:NYSE American)

Analyst coverage

CIBC World MarketsCosmos Chiu
Cormark SecuritiesNicolas Dion
Canaccord GenuityMichael Fairbairn
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

05/15/2023 - View Article
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04/26/2023 - View Article
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03/30/2023 - View Article

Streetwise - MAG Silver Corp. Ownership Overview*

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

*Share Structure as of 4/20/2023
MAG Silver Corp. Content