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.

Expert Comments:

Investment professionals around the world are cheering the go-ahead decision for the Juanicipio silver and gold mine in the Fresnillo Silver Trend district in central Mexico.
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Gwen Preston, Maven Metals

"MAG Silver Corp. remains my pick for leverage to silver when it rises. Juanicipio is a phenomenal deposit; I have strong confidence the company will continue finding more silver there."

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Bhakti Pavani, Alliance Global Partners

"Construction at MAG Silver Corp.'s Juanicipio is expected to commence immediately and is scheduled for completion in late 2020, contingent upon finalizing detailed engineering and securing remaining permits, according to the company. Furthermore, MAG noted that over 18.5 km (11.5 miles) of total underground development at Juanicipio have now been completed."

This decision comes after several years of ongoing exploration and development at the site.
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Michael Gray, Macquarie Capital Markets

"With Juanicipio now officially being constructed, we would be adding to or establishing a position in MAG Silver Corp. for exposure to a best-of-breed asset, less than 18 months from production as operated by one of the leading underground miners in the world, Fresnillo. We reiterate our Outperform recommendation, CA$23 target and Top Pick status."

headshot of Heiko Ihle

Heiko Ihle, H.C. Wainwright & Co.

"MAG Silver Corp. and its joint venture partner Fresnillo announced approval of the Juanicipio project. . .having the release published by both firms we think displays meaningful harmony between the two parties. . .we continue to view this partnership between the two firms as symbiotic and constructive as we near the targeted late-2020 production date."

Tyron Breytenbach, Cormark Securities

"In the first ever joint press release, MAG (44% ownership) and joint venture partner Fresnillo announced their construction approval for the Juanicipio project. Construction is set to begin immediately, with completion of the project expected by H2/20. . .no equity is required to reach production."

The current key points concerning the project are summarized in a Macquarie Research report.
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Kevin MacKenzie, Canaccord Genuity

"The MAG Silver Corp. and Fresnillo joint press release outlines an average annual production profile for Juanicipio of 11.7 Moz silver and 43.5 Koz gold over 12 years. . .we expect that future underground infill drilling, completed once in production, will provide the basis for an extended mine life. Beyond this, our outlook is for a substantially larger project, with consideration for both a throughput ramp-up to 8 Ktpd (from 4 Ktpd) and exploration upside."

A project update and the company's full-year 2018 financials were reviewed in an H.C. Wainwright & Co. report.
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The company's main focus currently is a joint venture project in Mexico's Fresnillo Trend, where both development and exploration are ongoing.
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A Macquarie report discussed a handful of highlights from management's presentation.
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A Canaccord Genuity report reviewed and discussed these drill results and their implications.
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These geologic formations open new areas for exploration on the property.
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More Expert Comments

Experts Following This Company

Tyron Breytenbach, Analyst – Cormark Securities
Daniel Earle, Analyst – TD Securities
headshot of Michael Gray
Michael Gray, Analyst – Macquarie Capital Markets
Tara Hassan, Analyst – Raymond James
headshot of Heiko Ihle
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Kevin MacKenzie, Analyst – PI Financial
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Bhakti Pavani – Alliance Global Partners
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Gwen Preston, Founder Resource Maven
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Chris Thompson, Mining Analyst – PI Financial
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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