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. Reports on Sustainability During Plant Ramp-Up

MAG Silver Corp. publishes its second annual sustainability report as the silver producer continues to ramp up output at its new processing plant in Mexico. Find out why analysts are recommending this stock.
Tags:  Silver

Premium Silver Asset Ramping up Cash Flow

Research Report
Now that its processing plant in Mexico is nearing nameplate capacity, BMO Capital Markets reinstated coverage on this company, which it says has "strong cash flows on the way."
Tags:  Silver

Silver Co.'s Quarterly Earnings Rise as Mexico Plant Produces

With its new Juanicipio processing plant in Mexico moving toward capacity and its production numbers surpassing expectations, MAG Silver Corp. is releasing its second-quarter earnings figures.
Tags:  Silver

Silver Co.'s Q2/23 EPS Beats Estimates

Research Report
The miner's priority now is advancing its Utah project given the production ramp-up at its Mexico plant is nearly done, noted a CIBC report.

Drilling Shows Three New Zones at Mining Project in Utah

Research Report
Grades in one of these suggests the presence of a copper-rich intrusive porphyry center, noted a PI Financial report.

Hub-and-Spoke Geology Validated at Utah Mining Asset

Research Report
New drill results show high grades of polymetallic mineralization in multiple spokes of "a very large system,'" noted a Stifel report.

More Articles

Expert Comments:

Chris Thompson, PI Financial

"MAG Silver Corp. posted strong Q2/23 production results, confirming Juanicipio's value potential. . .we anticipate cost and production guidance in Q1/24, which we see providing a better grasp of Juanicipio's near-term economics."

Chris Thompson, PI Financial

"We remain impressed by the exploration potential offered at MAG Silver Corp.'s Deer Trail and in the company's systematic approach to unlocking that potential. We note that phase three drilling is underway, targeting an inferred intrusive porphyry center at Deer Trail."

Peter Krauth, MoneyShow

"MAG Silver Corp. is one name I like that has had some more exploration success at Deer Trail, Utah. . .three new zones discovered from stepouts help confirm the hub-and-spoke thesis at Deer Trail thanks to different mineralization styles. Phase 3 drilling is in progress to chase the porphyry center."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

"We continue to believe that MAG Silver Corp. is in the early stages of a rerating as a significant silver producer. Thus, we are maintaining our Buy rating."

headshot of Cosmos Chiu

Cosmos Chiu, CIBC World Markets

"MAG Silver Corp. reported Q2/23 earnings per share of $0.19, slightly ahead of consensus at $0.17 and our estimate of $0.16, on the back of lower tax expenses. . .the company ended Q2/23 with a solid cash balance of $52.6M and no long-term debt."

Chris Thompson, PI Financial

"We view today's drill results from MAG Silver Corp. as positive, closing the loop on phase two drilling at Deer Trail. Drilling continues to identify long widths of polymetallic Ag-Au-Cu-Pb-Zn mineralization, adding three new zones to the Carissa zone discovery."

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?
Kevin O'Halloran
Lucas Pamatat – Canaccord Genuity
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Stephen Soock – Stifel
Ryan Thompson – BMO Capital Markets
Chris Thompson, Mining Analyst – PI Financial

Company News 

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

8/3/2023 – MAG Silver Drills Three New Silver, Gold and Copper Zones at Deer Trail

7/26/2023 – MAG Announces 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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MAG Silver Corp. (MAG:TSX; MAG:NYSE American)

*Share Structure as of 8/4/2023
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