MAG Silver Corp.

MAG Silver Corp. is a Canadian development and exploration 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. 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 developing an underground mine and constructing 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 a multi-phase exploration program at the Deer Trail 100% earn- in project in Utah, and is in the process of acquiring the Larder Lake project located in the historically prolific Abitibi region of Canada.

Expert Comments:

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

"MAG Silver Corp. reported nice profits, and the mill will connect to electricity 'in the coming weeks.' The company has been the best performing silver stock in the past weeks, jumping 50% from the low; I like MAG a lot and continue to hold."

Chris Thompson, PI Financial

"Power for final commissioning at MAG Silver Corp.'s Juanicipio and start of operations should be available by the end of October 2022. Final commissioning of the electrical system is expected to commence shortly followed by production ramp-up to 85–90% of nameplate 4 Ktpd capacity by year-end."

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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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Stephen Soock, Stifel

"MAG Silver Corp. posted positive earnings per share of $0.08 in Q2/22 despite Juanicipio (44% MAG) being precommercial. The joint venture generated $19.2M in cash in the quarter from processing 154 Kt at 781 g/t Ag eq at nearby Fresnillo processing facilities."

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Joe Reagor, ROTH Capital Partners

"MAG Silver Corp. stated that significant progress had been made by the utility company in preparation of the tie-in; as a result, the company anticipates connecting the mill to the electrical grid in 'the coming weeks.' We believe completing the mill tie-in should serve as a significant positive catalyst for MAG."

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Chris Thompson, PI Financial

"While we expect the primary use of cash flows from MAG Silver Corp.'s Juanicpio will be a handsome shareholder returns program (being a compelling argument in its own right to acquire the company's shares at an attractive valuation at these levels), we see MAG having much more to offer with a promising exploration pipeline in the works. Particular emphasis was made at PDAC to display the potential offered through their recently acquired Larder Lake project."

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Chris Thompson, PI Financial

"MAG Silver Corp. reported Q1/22 production generally in line with our estimates. . .Juanicipio produced 2.4 Moz Ag and 5.8 Koz Au, slightly ahead of our estimates of 2.3 Moz Ag and 5.2 Koz Au (on a 100% basis). . .both throughput and grades were ahead of our estimates."

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
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Heiko Ihle, Managing Director – H.C. Wainwright & Co.
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Peter Krauth, Pres – Gold Resource Investor
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Kevin MacKenzie, Analyst – Canaccord Genuity
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Stephen Soock – Stifel
Chris Thompson, Mining Analyst – PI Financial
Chris Thompson, Analyst – eResearch
Ryan Thompson – BMO Capital Markets

Company News 

10/26/2022 – MAG Silver Reports Third Quarter Production From Juanicipio

10/5/2022 – MAG Silver Announces Inaugural Sustainability Report

9/13/2022 – MAG Silver Provides Juanicipio Commissioning Update

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

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