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 Strong Q1/24

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Production, revenue and costs all were better than expected, BMO Capital Markets noted.

Joint Venture Partner Paid $17.5 Million in Cash in Q1/24

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If these cash distributions continue, as expected, the company may consider paying a dividend by year-end 2024, noted Roth MKM.

Cash From Tier 1 Asset Flows to Silver Producer

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As MAG Silver Corp. emerges as a producer with its Tier 1 Juanicipio mine in Mexico and output is beating estimates. Find out why at least one analyst thinks more of the fruits from the joint venture could land in investors' pockets.
Tags: Silver

Production From Mexico Mine in Q1/24 Notable

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Both total and silver production beat estimates at the Mexico operation of this Outperform-rated company, noted a BMO Capital Markets report.

Q1 2024 Sees High-Grade Silver Production Surge at Juanicipio Mine

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Q1 2024 sees solid silver production at Juanicipio, with 4.4 million ounces and 9,927 gold ounces reported despite a brief shutdown for maintenance. Read more about how these results are shaping up to meet annual production forecasts.
Tags: Silver

Q1/24 Production from JV Mine in Line

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Cash flow from this Mexican operation should provide the next catalyst for this Canadian silver producer, noted a ROTH Capital Markets report.

More Articles


Expert Comments:

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(5/14/24)
"MAG Silver Corp. received $17.5M in cash from the Juanicipio joint venture during Q1/24. We view this as a significant development. . .we believe cash distributions are likely to increase in the quarters ahead, allowing the company to consider paying a dividend by year-end 2024."

Kevin O'Halloran, BMO Capital Markets

(5/14/24)
"MAG Silver Corp.'s Q1/24 earnings per share of $0.14 was ahead of BMO/consensus estimates of $0.13/$0.10. . .the company reported strong operating costs at Juanicipio. . .the mine continued to generate strong cash flows, with $28M of free cash flow."

Chris Thompson, Ventum Capital Markets

(5/3/24)
"We have increased our target price for MAG Silver Corp. to reflect an increased valuation multiple prompted by recent precious metal price strength. . .the company offer investors exposure to high-margin, long mine life silver, gold, lead and zinc production."

headshot of Chen Lin

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

(4/26/24)
"MAG Silver Corp. released a good quarter, and shares jumped."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(4/24/24)
"MAG Silver Corp. announced Q1/24 production results for the Juanicipio joint venture; production was in line with our overall expectations. Additionally, the mill showed improved recovery rates compared to the previous quarter; thus, we are reiterating our Buy rating."

Kevin O'Halloran, BMO Capital Markets

(4/24/24)
"MAG Silver Corp.'s 44%-owned Juanicipio mine produced 6.4 Moz Ag eq in Q1/24, beating our 6 Moz estimate by 7%. Silver production of 4.45 Moz beat our 3.77 Moz estimate, achieving about 30% of the midpoint of 2024 silver guidance (14.3−15.8Moz), which was driven by higher grades."

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
Garrett Goggin – Stansberry Research
Ovais Habib, Analyst – Scotia Capital Inc.
Kieron Hodgson – Panmure Gordon & Co.
Craig Hutchison, Analyst – TD Securities
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
headshot of Ron Struthers
Ron Struthers, Editor Struthers Resource Stock Report
Chris Thompson, Mining Analyst – PI Financial

Company News 

5/15/2024 – MAG Silver Announces Intention to Make Normal Course Issuer Bid for Common Shares

4/24/2024 – MAG Announces First Quarter 2024 Production From Juanicipio

3/27/2024 – MAG Silver Announces Robust Updated Technical Report for Juanicipio

3/25/2024 – MAG Silver Provides Notice of Updated Juanicipio Technical Report

3/19/2024 – MAG Silver Reports 2023 Annual Financial Results

3/5/2024 – MAG Silver Reports Preliminary 2024 Juanicipio Guidance

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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2024/5/20 5:21:50

(MAG:TSX - MAG:NYSE American)

Analyst coverage

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

Newsletter coverage

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

*Share Structure as of 11/30/2023