MAG:TSX; MAG:NYSE American

MAG Silver Corp.

MAG Silver Corp. is a Canadian exploration and development 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. Our principal focus and asset is the Juanicipio Property (44%), being developed in partnership with Fresnillo Plc (56%) and is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp. We are presently developing the underground infrastructure on the property, with the operational expertise of our joint venture partner, Fresnillo plc, to support a 4,000 tonnes per day mining operation. As well, we have an expanded exploration program in place investigating other highly prospective targets across the property. In addition, we continue to work on regaining surface access to our 100% owned Cinco de Mayo property in Mexico while we seek other high grade, district scale opportunities.
MAG:TSX MAG:NYSEAmerican

Expert Comments:

headshot of Chen Lin

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

(11/29/21)
"MAG Silver Corp. just raised $46M at $17.25; the company is now trading at about $16, only 100K of volume. In the blink of an eye, it can go back to $17+; if you like silver, I believe this is a great buying opportunity here."

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

(11/24/21)
"MAG Silver Corp. is raising money. . .it is a good opportunity to buy or add here. The high grade silver mine will be in full production next year and generate margins as high as Wheaton Precious Metals."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(11/17/21)
"MAG Silver Corp. announced it had secured a $40M revolving credit facility. . .we see this as an incremental positive for the company as the ramp-up of a mining operation can result in significant working capital swings. With the revolving credit facility, we do not foresee any liquidity risks for MAG in the near term."

headshot of Chen Lin

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

(11/16/21)
"MAG Silver Corp. is clearly fully funded to complete the construction and arranged a $40M line of credit for the startup capital; now it won't need any more money until free cash flow. Once the mine is in production, the company should enjoy a huge premium; I like the stock here."

MAG Silver Corp. is now engaged in the pre-commissioning phases of its new 4,000 tpd mill at the Juanicipio JV Project in Fresnillo, Mexico that when finished is expected to provide the company with 9,000,000 ounces of pre-payable silver production each year.
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MAG Silver Corp.'s Fresnillo joint venture project is on track heading towards annual production of 27 Moz Ag eq. Stifel Canada has issued a "Buy" rating for the company and recently added the company to its list of Top Picks for Q4/21.
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Peter Krauth, Gold Resource Investor

(11/3/21)
"Construction of MAG Silver Corp.'s Juanicipio processing plant is progressing with focus on transitioning from construction to commissioning; testing has begun, with full-load commissioning expected for year-end. The company continues to plow forward and hold up well, especially against many peers."

headshot of Heiko Ihle

Heiko Ihle, H.C. Wainwright & Co.

(10/29/21)
"MAG Silver Corp.'s joint venture continues to utilize Fresnillo's 100%-owned beneficiation plant to process Juanicipio's mineralized development material at a targeted rate of 16 Kt/month. . .revenues from this production should ultimately provide the necessary capital to offset the project's cash requirements, thereby derisking the plant commissioning and ramp-up phases expected by 2021E."

Results of MAG Silver's 2020 drill program at its Mexico joint venture project Juanicipio are interpreted in a National Bank of Canada report.
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CIBC World Markets Inc. stated in a research report that MAG Silver posted solid results from its 2020 110-hole drill program at its Juanicipio JV Project in Fresnillo, Mexico. CIBC commented that when the new 4,000 tpd Juanicipio mill comes online it will provide a key catalyst towards growing throughput processing capabilities and expanding the resource.
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MAG Silver's Q2/21 production at Juanicipio is reviewed in a ROTH Capital Partners report.
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A Stifel report noted MAG Silver "demands a higher premium given its 'royalty-like' structure and strong, near-term-free cash flow."
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Scotiabank stated in a research report that its outlook for MAG Silver Corp. remains positive as the firm is expected to commission a new processing plant at its Juanicipio JV project in Q4/21.
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A BMO Capital Markets report discusses MAG Silver's financial position and the Juanicipio joint venture.
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H.C. Wainwright & Co. raises its target price on MAG Silver.
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A TD Securities report discusses MAG Silver's financial and operational update.
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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
headshot of Heiko Ihle
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
headshot of Peter Krauth
Peter Krauth, Pres – Gold Resource Investor
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Brian MacArthur, Analyst – Raymond James
Kevin MacKenzie, Analyst – Canaccord Genuity
Clive Maund – CliveMaund.com
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Anita Soni, Analyst – CIBC World Markets
Stephen Soock – Stifel
Chris Thompson, Mining Analyst – PI Financial
Ryan Thompson – BMO Capital Markets
Trevor Turnbull, Analyst – Scotia Capital Inc.

Company News 

11/29/2021 – MAG Silver Closes US$46 Million Common Share Offering

11/22/2021 – MAG Silver Corp Announces US$40 Million Bought Deal Financing

11/15/2021 – MAG Silver Secures US$40 Million Revolving Credit Facility

10/27/2021 – MAG Silver Reports Pre-Commissioning at Juanicipio and Third Quarter Underground Mine Production

10/26/2021 – MAG Silver Appoints Jim Mallory as Chief Sustainability Officer

9/7/2021 – MAG Silver Reports Successful Phase 1 Deer Trail Drilling Results

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

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