MAG:TSX; MAG:NYSE A

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:NYSEA

Expert Comments:

Trevor Turnbull, Scotiabank

(6/1/20)
"The Juanicipio joint venture (44% MAG Silver Corp., 56% Fresnillo Plc) is on track to begin ore processing in July at Fresnillo's nearby mill; commissioning of the Juanicipio plant facility is scheduled for mid-2021. Management indicated there is no change to the aforementioned timeline for completion."

Richard Gray, Cormark Securities

(5/29/20)
"We remain bullish on MAG Silver Corp. for the relatively attractive valuation for a silver equity (1.06x net asset value) and the exposure to one of the highest quality future silver mines in Juanicipio. . .the closer Juanicipio gets to production, the higher a multiple we will be willing to apply to the shares."

Analysts say MAG Silver offers production as well as exploration upside.
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headshot of Heiko Ihle

Heiko Ihle, H.C. Wainwright & Co.

(5/18/20)
"At MAG Silver Corp.'s Juanicipio to date, detailed engineering is approaching completion. . .notably, semi-autogenous grinding and ball mills, flotation cells, all associated vessels, thickeners and ancillary process equipment have also been secured at site. Additionally, underground development has reached a total of 27 km with a focus on three subvertical ramps that are located in parallel to both mineralization and the conveyor ramp towards surface."

Ryan Thompson, BMO Capital Markets

(5/4/20)
"The reserve estimate for MAG Silver Corp.'s Juanicipio, on a 100% basis, assumes 16.2 Mt containing 154 Moz silver (296 g/t), 782 Koz gold (1.5 g/t), 357 Kt lead (2.2%) and 600 Kt zinc (3.7%). . .compared to our prior assumptions, our net asset value (44% basis) increases to US$602M from US$528M previously. . .last week, the company announced it raised CA$60M via private placement."

headshot of James Kwantes

James Kwantes, Resource Opportunities

(5/3/20)
"Eric Sprott made MAG Silver Corp. his largest foray into the silver space last week, injecting $60M into the company at $13.25/share. . .the Sprott investment likely makes MAG fully funded to production, a significant derisking event. Investors pushed the stock up to the high $17s this week, and it has since settled back to about $16. . .there is much further to go for this stock."

headshot of Gwen  Preston

Gwen Preston, Maven Metals

(5/1/20)
"Eric Sprott, who has always loved silver, has stepped into MAG Silver Corp.'s gap with a $60M financing. That's great news; it alleviated downward pressure on the share price from the need to finance, and it brought the most recognized silver investor into the fold. . .the company continues to be the go-to name for those looking for a silver development story."

MAG Silver complies with the Mexican government's recent order to close certain businesses.
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All key equipment needed to proceed is at the site of MAG Silver and JV partner Fresnillo's project.
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The results should expand the resource and extend the mine life of the project co-owned by MAG Silver.
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MAG Silver's two recent announcements about its project in Mexico are relayed and commented on in a ROTH Capital Partners report.
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Now, MAG Silver and Fresnillo are targeting mid-2020 for start-up.
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More Expert Comments

Experts Following This Company

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 James Kwantes
James Kwantes Resource Opportunities
Kevin MacKenzie, Analyst – PI Financial
Clive Maund – CliveMaund.com
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Ryan Thompson – BMO Capital Markets
Trevor Turnbull, Analyst – Scotia Capital Inc.

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

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